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Posts published in “Markets and Prices”

Tarot Reading of Bitcoin say, Price to Plummet further Before Rising

Bitcoin in the recent past has seen many dips and the bearish market has left all hoping for better times ahead. Taking a cue from our latest poll about “Do You want us to ask Tarot Readers to predict Bitcoin Price Movements?” where 65% of the 425 voters said yes, we decided to consult a tarot reader to get a glimpse of the future of bitcoin. What we found was both…

Bitcoin at INR 345000 on Koinex, 33% less than International Exchanges

Bitcoin and other cryptocurrency prices are slumping on one Indian exchange – Koinex. The reason behind this downtrend is an announcement by the exchange on disabling INR withdrawals. Koinex will accept INR withdrawal requests only until 2 PM on July 09, 2018. INR WITHDRAWAL UPDATE: Users will be able to submit INR withdrawal requests till 02.00 PM on July 9, 2018 (Monday) after which no further INR withdrawal requests will…

Forget INR, India Gears Up to Trade Crypto in USD Backed Stable Coins

In the past couple weeks, Indian exchanges have announced listing of stable coins like USDT or TUSD. USD Tether (USDT) and True USD (TUSD) are both digital currencies pegged to the US$ in value. Hence 1 USDT/TUSD will always be equal to 1 USD. Koinex listed TUSD. Bitbns and coindelta listed USDT. Coindcx listed TUSD over a month ago. Coindelta even experimented with listing another stable coin DAI. Even DAI…

Current Status of INR Deposits and Withdrawals Across Exchanges

In light of the RBI regulations, many exchanges are shutting down their INR Deposits and Withdrawal services while some have assured the service will remain operational. The INR service on these exchanges can abruptly be disabled. Be vigilant.  The below table will be updated regularly for the current status of INR across exchanges. If we have missed out on an update, do hit us up on Twitter DM. The Status…

How Bitcoin Price Predictions Changed from January to June 2018

Ever since Bitcoin hit the ATH mark of $19600 in December 2017, some experts have been super bullish about the cryptocurrency. The price slippage of Bitcoin in the weeks that followed left the community and investors in shock. Many investors entered the market “too late” to make any profits and are either holding on or have cut their losses. From the beginning of the year, some Bullish investors have predicted…

Crypto Market Crashes in India over Exchange Warning

India’s regulatory response to Cryptocurrency has not been in favour of cryptocurrency trading. We know that by now. The markets remained unaffected for over 10 weeks until yesterday. In a first of a kind announcement, Zebpay, India’s biggest cryptocurrency exchange by volume warned its users of dismissing fiat (INR) services abruptly. The announcement is titled “Your Rupee Withdrawal Could Stop”. Markets Crash What followed and still continuing across the Indian…

Can Consensus 2018 really bring long green candles to the market?

Woke up today morning seeing all the red? That may change soon enough. Today is a big day for the blockchain community. It is the first day of Consensus 2018. Consensus is an annual Blochchain Technology Summit organised by Coindesk. 2018 is expected to have about 7000 attendees, the highest so far. The event will be held from May 14 to 16. Can the consensus make a difference for the…

It is Raining Giveaways on Indian Exchanges

It is about time we take note of some exchanges that are air dropping or giving away cryptocurrency as part of some innovative programs. 1. Chance to Win XRP worth INR 50000 CoinDCX is listing XRP today on May 8. With the listing comes great offers for traders. Competition Timeline: May 8, 2018 to May 11, 2018 (11 PM) First 100 XRP depositors will receive Rs. 100 worth of XRP…

Crypto Deposits Stuck as Zebpay Chokes, Again!!!

Zebpay is one of the largest cryptocurrency exchange in India. With over 300 employees in the support team, multiple engineers, a new CEO and years of experience, you’d think they cannot mess up the one thing quintessential to Crypto trade, DEPOSITS. But you may be surprised as users today have reported issues in depositing the newly listed TRX token on Zebpay. While the prices stay almost 50% above the market…

Unfazed by the Embargo, Cryptocurrency Prices in India now on par with International Average

It has only been 2 weeks since the RBI announced an embargo on Banks and other regulated entities from doing business with Cryptocurrency exchanges and all individuals and businesses who deal in Crypto. Soon after the announcement, traders in India started liquidating their position in what one would assume to be a panic sell. While the Indian market enjoyed a good 5-10% premium in prices over its international peers, on…