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Posts published in “Bitcoin”

Here’s how someone stole 3 BTC from a CoinDCX user’s account

“So one issue that happened is a person from Haryana (state in India) who had 3 BTC in CoinDCX wallet was hacked of the whole 3 BTC on night of this 13th May.“ I am sure that by this time, the above viral message has reached you in one way or another and if it hasn’t, you aren’t paying enough attention to the crypto scene in India. In this article…

“Private” Cryptocurrencies have no chance of Survival says Subhash Chandra Garg Advocating Digital Rupee

“Crypto-currencies created have fallen by the side as currencies. Most guys who launched crypto-currencies have shuttered their businesses. Bitcoin is the only real survivor.” – Former Finance Secretary Subhash Chandra Garg In his latest blog, former Finance secretary Subhash Chandra Garg writes about the need for Digital Rupee as the new generation of Money. He explains the history of Indian Rupee, how digital currencies came into existence, why (private) crypto-currencies…

Making Bitcoin Anonymous Again – With CoinJoin Using Samurai Wallet and Whirlpool

April 5 was Coinjoin day, to celebrate, we tried the Samourai Whirlpool mobile mixing on testnet and spoiler alert it worked. The article is about the what it is and the importance of CoinJoin, the ability to do so using several tools, and how to do it yourself. Coinjoin is a kind of bitcoin transaction in which few peers participate using their UTXOs (Unspent outputs from Bitcoin transactions OR just…

Indian Bitcoin Trading Volumes Accelerate post SC Judgment on Local and International Exchanges

Most local exchanges have fully functional INR markets but haven’t toppled the volumes of international Peer to Peer Exchanges like Paxful and LBC. Infact there is a sizeable increase in Volumes on P2P exchanges as well. It is close to a month since the honourable Supreme Court of India quashed Reserve Bank of India’s “Banking Ban” that prohibited Banking support to exchanges. Many exchanges rushed to on-ramp INR deposits and…

Why Indians Need Cryptocurrencies Like Bitcoin?

I grew up in a small city of Rajasthan with a modest upbringing. I went to a normal English medium school where Hindi was the official language. At school often the topic of debate was ‘Corruption in India’. I sometimes wondered why that was the case so often. But later when I got to fit into the economy and sort of figured out what I wanted to do after my graduation—the…

Why Did Bitcoin Price Fall? Here is What You Missed!!

The headline, although clickbaity, is to the point. We will look at what we missed about Bitcoin’s price instead of analyzing the price movements in the hindsight. We will see how Bitcoin’s price is not correlated with the factors it is commonly attributed to. To recap the rollercoaster that the Bitcoin price chart is, we went from over $19,000 in 2017 to below $3500 in 2019. Experts called the bottom…

Why We Do Not Understand Bitcoin?

Bitcoin is a difficult subject because of its many moving parts. It is polymaths in nature which means it is an amalgamation of things like Computer Science, Economics, Monetary History, Math, Politics. All ideated, tested, compressed and shipped for the 21st century and maybe beyond. This is simply too much for any sane individual to go around. Usually, you will find an individual has really mastered one or maybe two…