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All updates related to latest developments in Crypto Currency

No Independent Research on Crypto done by RBI, Reveals RTI

It has been two months since the Central Bank of India announced a blanket ban on regulated entities working with companies or individuals dealing in Crypto assets. The decision sent the Indian Crypto trading community running for shelter. The prices of cryptocurrency in India dipped by over 50% on the day. In the two months, companies have reached out to the RBI, exchanges and individuals have filed appeals in High…

Ended: Trading Competition: Karma-KRM coins worth 16 lakhs

Coindelta is running a trading competition for their newly listed Karma (KRM) coins. The competition will reward the first 100 Highest traders across the Seven day period. Winners Get There are a total 23.4 lakh KRM coins to be distributed in the competition as per the below table among 100 highest traders. Rank Pool Share 1 2,00,000 KRM 2,00,000 2 1,50,000 KRM 1,50,000 3 1,00,000 KRM 1,00,000 4-10 4,90,000 KRM…

A New Exchange in India Claims to overcome the Trading Liquidity Problem

Cryptocurrency volumes may have dipped in India after RBI’s blanket ban but it has not deterred new players from seizing the opportunity that an emerging market as huge as India has to offer. A new cryptocurrency exchange is all set to start its operations in India and later expand to other Asian countries. Alluma.io is based out of Singapore with an office in Gurugram (Formerly: Gurgaon). The exchange plans to…

The First “Trading League”, Because Trading Competitions are a thing of the past

“We wrote a medium post on our new trading league”, Sumit Gupta told me over the phone. Sumit is the founder of crypto-to-crypto exchange CoinDCX. What the heck is a trading league? I thought to myself before checking it out. There are so many kinds of competition packed into one post that I had to read it thrice to get it right. It is a league of trading competitions for sure. Anyway,…

Opinion: Trading Competitions Do not Violate Competition Law

In this article I am strictly going to refute the claims made in the recent article by Crypto Kanoon titled “TRADING COMPETITIONS BY CRYPTO EXCHANGES VIOLATE COMPETITION LAW”. I get it, you cannot win these competitions easily, we already established it in our article Strategies used by Winners in Trading Competitions, but the claim that they violate competition law is something I cannot get my head around. So I wanted…

Ended: Trading Competition: ACT worth INR 25 lakhs

After a big trading competition by Koinex on IOST, Koinex is now back with another competition. This time it is ACT (Achain), and the winning prizes are a total worth of 25 Lakhs INR. ACT is quite a nice choice for a competition, the withdrawal fees are low, only 1 ACT on other exchanges and also Coindelta did a competition which was very successful. Winners get Trader who trades (Buy/Sell)…

Ended: Trading Competition: GNT Giveway upto INR 50000

Golem (GNT) has seen quite a few ups and down. The volume goes into millions on Zebpay and Koinex. Sometimes even on WazirX – on days of Highest trader competitions. So it must have been in the minds of the team at CoinDCX exchange as they have launched a trading competition for GNT. Winners get Trader who trades (Buy/Sell) for maximum volume of GNT tokens during the course of competition…

Ended: Trading Competition and Giveaways: Eight Lakh Worth of KEY tokens

KoinOk has listed selfkey (KEY) tokens on the exchange today with several giveaways including trading competitions Deposits are live now and trading starts at 6 PM today. There is a trading competition, Deposit Bonus and also a buying Bonus. KEY is trading at 50 Paisa per token at the time of this writing. Deposit Reward First 2000 Traders to deposit atleast 2000 KEY will receive 500 KEY bonus Buying Reward…

Sri Lanka’s First Cryptocurrency Exchange Launches ICO

Ceybit, Sri Lanka’s first ever exchange will be opening registration and private sales on the June 11, 2018. Ceybit will be predominantly a cryptocurrency/ fiat exchange and will provide a unique mobile wallet and a payment gateway solution. The Ceybit token (CYBT) buyback and burn mechanism is also a new entry into the market. The token utility model is structured to gain some independence to Bitcoin volatility and be a…

Ended: Trading competition: Top Ten High Volume Traders in XRP wins Prizes

Coinome Exchange is running a trading competition of their newly listed XRP asset. Trading Reward Prizes for top 10 traders in terms of trading volumes: Top Trader – INR 50000/- Second Top Trader – INR 25000/- Third Top Trader – INR 10000/- Fourth and Fifth Top Trader – INR 5000/- Sixth to Tenth Top Trader – INR 1000/- Date and Time of Competition May 20, 6 PM to June 6, 6 PM Visit Coinome Will…