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Posts published in “News”

All updates related to latest developments in Crypto Currency

Stop Settling Payments for Those Who Deal in Crypto: RBI

India’s Central Banking Authority the Reserve Bank of India has thrown a final blow at those who deal in cryptocurrencies. In the Press release for First bi-monthly Monetary Policy Statement, RBI has clarified that any entity regulated by RBI shall not provide services to any individual or business that deals with virtual currencies such as Bitcoin. Reserve Bank has repeatedly cautioned users, holders and traders of virtual currencies, including Bitcoins,…

Exclusive: Indian Exchanges To Create A New Token Backed by INR

A new year (fiscal), a new announcement. We have received information from reliable sources who work in prominent exchanges, the Indian exchanges are coming together to create an INR backed Cryptocurrency like the USD Tether. The move is aimed at reducing banking transactions as users can easily trade on multiple exchanges by just converting their crypto to the INR backed currency currently codenamed “INRUPEE”. A central body to overlook the…

Vitalik Buterin Proposes ETH Hard Cap of 120 Million

The co-founder of Ethereum, Vitalik Buterin earlier today created an Issue on Github. He proposes putting a hard cap on ETH to ‘ensure the economic sustainability of the platform’. Vitalik suggested redenomination of all rewards like mining rewards, staking rewards, etc into a new unit called Reward Units or RU for short. 1 RU = (1 - CURRENT_SUPPLY / MAX_SUPPLY) ETH Buterin goes on to propose the max supply of ETH be…

Indian Exchange announces 20% Interest on your Crypto Holdings

How does a bank make money? Simply put, they take deposits from you and give that money as loan to borrowers. You get interest on your money and the borrower pays interest to banks on the loan. The difference between these interests, minus the bank’s expenses is the PROFIT. I know we blame the banks and call them evil. There are many scams happening within the banking sector. We see…

Death Cross, FUD, Cartel – Why is Bitcoin Falling?

If I was doing a Youtube video, I’d be sitting here with a sad face looking at the camera and saying “Hey there, let’s talk about how much my portfolio is down”. But I have to keep my emotions in check before writing an article. A big disclaimer to share today is that none of what you read here should be taken as a Financial advise. Crypto is risky so…

I tried selling Bitcoin on InstaShift – Here’s What Happened

Everyday is a day for a new exchange in India. We have lost count quite honestly. Anyway, here’s a new one – InstaShift. What is Instashift Instashift.io is a peer to peer exchange created by Kallidil Kalidasan and Rahul Chitale. The exchange offers a ‘Simple’ way to buy and sell Bitcoin. Both co-founders have told us they will be adding new coins soon. Instashift is registered in Estonia. Kali is…

Opinion: Crypto Exchanges Need to treat Each Other as Peers, Not Competition

Competition is very good, as long as it is Healthy. It’s what makes one strive to be better. – Christine Lahti Forget about established businesses. They have their own beef to deal with. In India the crypto exchanges are fighting to be on the top spot. The fight however is getting dirty as one exchange starts to take a dig at another. Crypto currency exchange is a fairly new space.…

Blockchain Whispers are Wrong About Justin Sun Manipulating the TRX market

Cryptocurrency is unregulated in most parts of the world. Hence it is in the hands of community to sniff out the scams and call them out in the open. We’ve seen that happen many times. From the discovery of Beetoken scam, Giza Scam to Mt Gox Trustee’s selling large amounts of Bitcoins, the community watches it all. A popular telegram channel Blockchain Whispers that provides Crypto signals has uncovered another…

G20 will Discuss Regulations of Crypto-Assets in July 2018

We’ve all been waiting for what G20 has to say about cryptocurrencies. Well to begin with, their official document is calling it Crypto-assets and not currencies. There is obviously a lot of people trying to grab the piece of the pie by reporting out-of-context information about the outcome of G20 on Crypto-assets too. It only made sense for us to wait it out and report what they ‘officially’ have to…

After Zebpay, Coinswitch and Koinex Eyeing Singapore to Register- ET Report

Nothing like a midnight text message from a friend saying, “Did you see the ET article?”. This ET article talks about what the VC firms in India plans for Blockchain and Crypto based companies. One particular company highlighted in the article is Sequoia Capital. Sequoia is reportedly investing $1.5 Million into Indian Crypto exchange aggregator Coinswitch. According to the report Sequoia is looking to invest in other exchanges like Zebpay and…