News 

‘Operation Clean Money’, Launched After Demonetisation, Has Made No Progress, Shows RTI

“More than 9.27 lakh responses were received giving information on 13.33 lakh accounts involving cash deposits of around Rs.2.89 lakh crore” writes Prasenjit Bose for huffingtonpost.com. Scrutiny of about 18 lakh accounts, prima facie, did not appear to be in line with their tax profile.This author had submitted queries under the RTI Act, regarding the recovery of unaccounted wealth/black money, to the Directorate of Income Tax.Not just that, over the past two years, the finance ministry has made repeated claims regarding the progress made in retrieving black money through ‘Operation…

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News 

Atlanta startup Qoins is rolling out a new feature that will lend users an extra pair of hands to pay off their debts

“Qoins, an Atlanta-based startup that helps people pay down their credit card debt, is rolling out a new feature that will lend users an extra pair of hands to pay off their debts” writes Madeline Shi for businessinsider.com. The app plugs into users’ bank accounts, through Plaid’s API, and rounds up each of their purchases to the nearest dollar.The firm found that more than 40% of all US households carry credit card debt, with the average American household carrying a balance of $5,700.The newly announced feature, named “MoneyTree,” lets users…

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The Modi’s govt’s demonetisation gambit has only caused pain, not profit, shows a close reading of the RTI response and other information.

“More than 9.27 lakh responses were received giving information on 13.33 lakh accounts involving cash deposits of around Rs.2.89 lakh crore” writes Prasenjit Bose for huffingtonpost.com. Scrutiny of about 18 lakh accounts, prima facie, did not appear to be in line with their tax profile.This author had submitted queries under the RTI Act, regarding the recovery of unaccounted wealth/black money, to the Directorate of Income Tax.Not just that, over the past two years, the finance ministry has made repeated claims regarding the progress made in retrieving black money through ‘Operation…

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News Platforms 

Slack says it has removed 28 accounts for having a “clear affiliation with known hate groups”

“The use of Slack by hate groups runs counter to everything we believe in at Slack and is not welcome on our platform” writes Mar Edt for theverge.com. Here’s its somewhat vague announcement on the subject in full: Today we removed 28 accounts because of their clear affiliation with known hate groups. Source: theverge.com

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Slack says it removed 28 accounts affiliated with hate groups

“Slack said in a blog on Thursday that it investigated and removed 28 accounts that were clearly connected to known hate groups” reports axios.com. The big picture: Social media and online forums like Facebook, Google, GoFundMe, Reddit, YouTube and others have been trying to keep up with, identify and ban hate groups from using their platforms to spread and organize around hate speech. Source: axios.com

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News Platforms 

Slack removes more than two dozen accounts tied to hate groups

“On Thursday, the messaging company that it had more than two dozen users that were affiliated with hate groups” writes Matt Binder for mashable.com. The use of Slack by hate groups runs counter to everything we believe in at Slack and is not welcome on our platform.In all, Slack banned 28 accounts. “The use of Slack by hate groups runs counter to everything we believe in at Slack and is not welcome on our platform,” the company said in a statement. Source: mashable.com

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News Platforms 

Slack takes down 28 accounts tied to hate groups

“Slack has removed 28 accounts that were linked to hate groups, the chat platform said in a Thursday blog post” writes Abrar Al-heeti for cnet.com. “The use of Slack by hate groups runs counter to everything we believe in at Slack and is not welcome on our platform,” the company said.Slack said in its blog post that it’ll investigate and “take appropriate action” when it learns about an organization using the platform for illegal or harmful reasons. Source: cnet.com

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Crypto News 

Previously Hacked Gatecoin Exchange Receives Liquidation Order Following Banking Problems

“Gatecoin, a crypto exchange that was hacked in May 2016, has announced on March 13 that it has received a winding up (compulsory liquidation) order from an unspecified court” writes Helen Partz for cointelegraph.com. The company wrote that Gatecoin will have to cease operation with immediate effect, noting that the exchange will assist in the liquidation process in order to distribute assets to the creditors. Another recently hacked crypto exchange, Cryptopia, has since partly relaunched its website, also announcing that it will be using customers’ balances held from the date…

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Russia’s top banks plot temporary sanctions workaround: sources

“But Russian banks still fear they could come under sanctions and so have begun to draft a contingency plan” writes Midwest Communications Inc for 95kqds.com. Other Russian banks would then set up or upgrade existing correspondent accounts with that bank to shift currency around.Other options include the central bank providing forex currency to a ‘clean bank’ which in turn would then distribute it to peers via correspondent accounts, sources said.And a spike in currency transactions by the banks which had not been sanctioned and were dealing with the foreign correspondent…

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Crypto News Platforms 

Coinbase Links User Accounts on Its Main Platform to Its Wallet App

“According to the company, Coinbase Wallet is slightly different from the main app, referred to as Coinbase.com” writes Ana Berman for cointelegraph.com. Cryptocurrency exchange and wallet service Coinbase has introduced a service to link users’ accounts on its main platform to its Coinbase Wallet app, according to an announcement on March 12.With Coinbase Wallet, users store their own crypto protected by their unique private keys.The exchange has explained that the wallet can now be connected to accounts on its main platform for quick transfers from the main account to the…

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