In the past 3 days NCash, the token behind the IoT blockchain project Nucleus Vision saw a price hike of over 20%. Most of this rise is attributed to the recent announcement of a partnership with PayTM. PayTM is a financial services company offering services like banking, payments and shopping as well. Amid all the uncertainty surrounding the future of Cryptocurrency trading in India, Ncash’s partnership with PayTM was the…
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All updates related to latest developments in Crypto Currency
“Resist the urge to close down positions. If you have the emotional and financial resources, go the other way.” – Dan Pantera Pantera Capital, a major investor in India’s Crypto Exchange Koinex, is an investment firm that exclusively invests in Cryptocurrency and Distributed ledger/Blockchain companies. In a letter published recently, Pantera predicted that $6500 is the lowest Bitcoin can go in the current bear market. The letter attributes, albeit partially…
On April 12, 2018 a notice on one of India’s oldest exchange showed up. The highlight – The Chief Scientific Officer of Coinsecure may have siphoned about 438 BTC which at the time of this writing are worth Rs. 22 Crore approximately. Here’s a timeline of What happened: April 10, 2018 – Coinsecure asks users to Stop Depositing BTC In an email and website announcement, the exchange asked the users…
Cryptocurrency Exchanges are already working hard on ensuring their business stays afloat in India despite the RBI Prohibition on Banks. But, the negative effects of RBI’s decision has begun to show. Expensive Instant Withdrawals Between day before yesterday and today, two exchanges namely Coindelta and WazirX increased their Instant withdrawal fees from 0-30 INR to a whopping 1.18%. It means the withdrawal fee is 1% while the GST on it…
Let us begin this article with a little good news. At the time of this writing the Crypto Prices on Indian Exchanges have come at par with the international average. A Sign that people’s trust in cryptocurrencies have been shaken but not lost. Earlier today, KoinOK sent an email to their users in response to RBI’s prohibition on Banks from doing business with Crypto Exchanges. The most interesting line from…
As pandemonium of anger, confusion, panic and humour brews inside the Indian Cryptocurrency trading community over RBI’s dictatorial mandate on Banks to wind up business relationships with Crypto exchanges, Coinome, an Indian exchange launched a counter measure – Crypto to Crypto trading market. Coinome’s move comes within hours of RBI’s press conference. The exchange launched 5 new trading pairs reportedly BCH/BTC, ZEC/BTC, DASH/BTC, BTG/BTC and LTC/BTC. Only Major Indian Exchange…
You must be living under a rock if by now you don’t know that RBI has given three months to Banks to wind up their businesses with anyone dealing in cryptocurrencies. The Crypto-community is about 1.5 million strong in India as per CNBC TV18’s Shereen Bhan, but we estimate it to be over 3 Million, as Zebpay alone has 3 Million accounts created on their exchange. As with every news…
Amid the chaos surrounding RBI’s move to ring fence the banks and payment services from dealing with Crypto exchanges, a new exchange goes live for trading today. CoinDCX, India’s first ‘only crypto-crypto’ trading exchange will allow users to begin trading at 6:00 PM today. CoinDCX is an abbreviation for Coin Digital Cryptocurrency Exchange. The exchange offers several BTC/ETH pairs like Tron (TRX), Monaco (MCO), Litecoin (LTC), Basic attention token (BAT)…
In the first bi-monthly monetary policy press conference, Indian central bank, the Reserve Bank of India has made it clear that they do not encourage banks to do business with Crypto exchanges. With immediate effect, the RBI has asked the entities regulated by them to stop catering to businesses that deal in Crypto currencies. The curved ball thrown to the Indian Traders hit really hard. The market is currently trading…
The Reserve bank of India today in a Press Release demanded the agencies that are regulated by them to stop catering to businesses dealing in cryptocurrencies. This means no banks, payment gateways, mobile wallets can cater to Crypto currency exchanges such as Koinex, Zebpay, Pocketbits, etc We will update the official responses from the exchanges to this announcement here: Pocketbits: One of India’s few closed Orderbook exchange Pocketsbits was the…