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Posts published in “Crypto News”

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…

Pre-orders for Binance IEO BAND tokens is Active on Koinfox

Koinfox, the bracket trading platform has upgraded its Pre-order feature for IEO tokens. Koinfox users can now place BAND token Buy/Sell Pre-orders. These orders will be executed as soon as trading goes live on Binance at 5:30 PM IST today. These orders can either be Limit orders or “Conditional orders”. A user on Koinfox can set conditions for Buying or selling BAND tokens. For instance, user can set a condition…

A Critical look at WazirX’s Smart Token Fund (STF)

I spent a few hours explaining WazirX’s STF to some disgruntled users who called it a scam and were banned by WazirX’s CEO Nischal Shetty on social media channels. But as it always is, I gave up explaining it to them because there was no winning in that argument. I blame it on Confirmation Bias. “Confirmation bias is the tendency to give more weight to evidence that confirms our beliefs…

OKEx Exchange Token OKB Heads towards All Time High in 2019 at $2.6

 On July 22, OKB, the exchange token issued by OKEx, a world-leading digital asset exchange, overwhelmingly surges 25.88% in 24h price, to reach a new all-time high of $2.65 in 2019 with the lowest price being 1.96 US dollars (difference of 0.69 US dollars). At the same time, with a 30.282 million US dollars net inflow, OKB won the first place in the net inflow of funds on that day…

EIP 2025: New Proposal to add 0.0055 ETH per Mined Block as Dev Fund may be a Red Flag

Update: The amount of dev fund was written earlier as 0.044 ETH, however further commits on Github seems to suggest it is set to 0.0055 ETH. A proposal has been submitted by Ethereum developers to fund the next leg of development by raising money from block rewards. The proposal, EIP 2025, suggests adding 0.0055 ETH per block as a fee for the development of Ethereum’s next version. There is no…

Take Note: Major Exchanges are Now Moving USDT from Omni to ERC20

Major crypto exchange Binance will move from USDT Omni to USDT ERC20 on Thursday, so is WazirX. Other Indian exchanges like Bitbns, CoinDCX, Instashift will follow suit. In an official announcement, to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 13:30 IST. After the switch, users will not be allowed to withdraw USDT Omni, however users…

Opinion: FacebookCoin will do more Harm to Crypto than good

The news is out, Facebook is looking to float its own cryptocurrency and even before the Whitepaper is released, word is some of the biggest names in payments, startups, and tech funnelling $10 million each to buy a single node of this crypto token. Some crypto enthusiasts and many who do not understand the fundamentals of crypto seem to think this will drive adoption and awareness. But it is not…

OKEx Lists Stablecoin USDK, Compliance and Transparency is the Primary Criterion

OKEx, a world-leading cryptocurrency exchange, announced its new listing of USDK, a US Dollar-pegged stablecoin co-launched by OKLink and Prime Trust. The new stablecoin will be listed on OKEx’s fiat-to-token (C2C) trading platform against six fiat currencies – CNY, VND, GBP, RUB, EUR and TRY, and spot trading platform with 11 trading pairs as below as well.· BTC/USDK · ETC/USDK · TRX/USDK· LTC/USDK · BCH/USDK · BSV/USDK· ETH/USDK · EOS/USDK…

Bitcoin Ban in India: Government Body Refuses to Answer Queries on Reported Bill

An RTI application to Department of Economic Affairs asking about the proposed “Banning of Cryptocurrencies” bill was rejected by officials. Reason of Rejection cited as this information may be made public soon. Last month, a media report suggested that the Indian government is already is in discussions to prepare a bill for banning cryptocurrencies in the country. The main government body behind the decision will be the Department of Economic…

Anyone can file Copyright Registration, even for Bitcoin: Intellectual Property Expert

Ah, Craig Wright never ceases to amaze me. I don’t know if he is Satoshi Nakamoto, the infamous creator of Bitcoin or not. But the Australian Entrepreneur has claimed he is, and he keeps taking actions that would validate the claim. Craig Wright has filed United States copyright registrations for the Bitcoin (BTC) white paper authored by Satoshi Nakamoto. U.S. Copyright Office has registrations with Wright as the creator and author of the Bitcoin white paper, as…