Panic Withdrawals at Indian Bank Over Alarming KYC Notice

Panic Withdrawals at Indian Bank Over Alarming KYC NoticeHundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also […]

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OpenLedger Suddenly Raises Withdrawal Fees to 5%

transaction feesCentralized exchanges have been both a blessing and a curse upon the crypto industry. OpenLedger recently introduced some odd changes that don’t sit well with its users. When an exchange increases withdrawal fees for no apparent reason, there will be some dismay. What is Going on at OpenLedger? Those fees now sit at 5% of the total withdrawal amount, at least where OpenLedger is concerned. Interestingly enough, it appears that these changes were introduced overnight with no prior indication. To make things worse, the amounts required to process a withdrawal are rather high as well. Users need to withdraw at

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Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

Bank Raided, Arrests Made But RBI Still Restricts WithdrawalsThe crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops […]

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Protests Led RBI to Raise PMC Bank’s Withdrawal Limit

Protests Led RBI to Raise PMC Bank's Withdrawal LimitThe Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank Branches as RBI […]

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Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

Panic at 137 Bank Branches as RBI Limits Withdrawals to 1,000 RupeesThe Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations. Also read: Indian Parliament Member Helping Crypto […]

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These Indian Crypto Exchanges Share What Sets Their P2P Platforms Apart

These Indian Crypto Exchanges Share What Sets Their ‘P2P’ Platforms ApartMany cryptocurrency exchanges in India offer some kind of peer-to-peer (P2P) trading. News.Bitcoin.com talked to several of them to find out what is unique about each platform, most of which were launched in response to the banking restriction imposed by the country’s central bank. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request […]

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The Daily Tip: New Crypto Exchange Bitzlato Offers P2P Trading

The Daily Tip: New Crypto Exchange Offers P2P TradingThere’s a new digital asset exchange on the market that offers opportunities for peer-to-peer cryptocurrency trading and a variety of fiat payment options. Bitzlato is a Russian platform integrated with a P2P exchanger that features a web-based version and a Telegram bot buying and selling six cryptocurrencies. Also read: BCH Is Now Supported by a […]

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Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals

Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday. The document also indicates that law firm Stewart McKelvey has withdrawn from representing Quadrigacx during the Companies’ Creditors Arrangement Act process due to “potential” conflicts of interest. Also […]

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Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson

Jesse Powell Extends Invite to Canadian Police, Iranian Bitcoiner Learns Expensive LessonTidbits is a roundup of talking points from across the cryptosphere. In this edition, Jesse Powell offers to help the Canadian police investigate the supposed death of Quadrigacx CEO Gerald Cotten and the subsequent movement of funds. Also, the r/btc community teaches Iranian redditor Cdaemon how to keep his crypto safe.  Also read: Canadian Exchange […]

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ICO Treasuries Offloaded the Most ETH in November and December This Year

Over the Last Two Months ICO Treasuries Withdrew the Most ETHOver the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($52.4M) in December, surpassing every other month this year. […]

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