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Posts published in “News”

All updates related to latest developments in Crypto Currency

In a Bearish market, Referrals to Bring in the Traders for KoinOK

What do you see when you decide to open an account in a bank? The reputation, the staff, the service, etc. Nope. In my personal opinion by interacting with 100s of people on a daily basis, I have learnt that they go for banks that provide free tickets for movies, or cashback, or rewards in some or the other form. The principle remains the same for cryptocurrency exchanges in India.…

NEO and GAS Withdrawals Halted on Koinex

Koinex has added a lot of new features and have been adding new cryptocurrencies for trading every week. The most recent addition being NEO and the accompanying GAS. It was announced on their twitter, which also acts as a news aggregator while they are not tweeting about adding coins. New #Token Announcement: Adding #NEO and #GAS to the list of supported #crypto assets on the exchange. Deposits for $NEO and…

UPI Deposits: The Free & Fast Alternative to Payment Gateways

For instant deposits, exchanges offer Payment Gateways. Payment gateways do not support some major banks and charge 2-4% fees for deposits. NEFT/IMPS based deposits take too much time. Exchanges have started using UPI for Deposits to cater to the demand of “Quick” Deposits. But are the people aware of it? One user of an exchange travelled over 1000 Kms to visit their office. Why? To ask how UPI works. Markets…

I Exploit Loopholes. Security Loopholes – Arijit Dey

Arijit Dey possibly remains the most hated name in the Cryptocurrency space this week in India. Coin Crunch was able to uncover the scam and identify Arijit for duping a Koinex and Bitbns customer into sending 4962 XRP to his personal wallet on Bitfinex. After the XRP were returned to the user, Arijit was able to log in to the user’s account and steal 4962 XRP again. We were able…

Ex-Bitbns Admin accused of scamming hacked user Account, Stole 4962 XRP

Earlier we reported that a user Ashish (name changed) was a victim of an email scam. He received an email from an account koinex.in@gmail.com to transfer 6900 XRP tokens. Of which he transferred 4962 XRP tokens. We determined that the scammer is an employee of Bitbns exchange and promptly informed the team. Bitbns clarified that scammer Arijit Dey who also goes by @dCryptoMania on Telegram was just an administrator of…

XRP Stealing Scammer pretending to be from Koinex tracked down by Coin Crunch India

Ashish (Name changed) became a victim to an email scam and lost about 4962 XRP (Ripple) in February. He was sent an email from Koinex.in@gmail.com to transfer 6900 XRP tokens to activate his account. Ashish’s account was locked by Koinex genuinely as he had a due of 6900 XRP. The email reminder sent to him however was from a scammer who tried to bank on the opportunity. Ashish then transferred…

Six Counter Arguments to Economic Times for Their Article – You have more reasons to stay away from bitcoins

9 Hours ago Economic times did it again. They published yet another article on why you should stay away from Bitcoins. Every day the fight against these Cryptocurrency-hating mainstream media keeps getting harder. These articles get them the attention of the people and create unnecessary FUD. ET gave ‘six more reasons’ to stay away from cryptocurrencies. Let’s talk about them. Reason 1: Banks have started stopping purchase of cryptocurrency with…

Deposits Not Credited to BitBnS as Unocoin Transfers ETH Using Smart Contract

Dr. Who, a telegram user shared his agony on various telegram groups. He transferred 0.879 ETH from his Unocoin wallet to his BitBns wallet 3 days ago. The ETH never reached his wallet even after several confirmations. BitBns support eventually revealed the reason, it was sent from a smart contract.  Bitbns did recover the user’s ETH but charged a hefty fee of 0.1 ETH. But Dr Who is the lucky one.…

Doctor Turned Developer Launches A Lifetime Free Crypto Exchange in India

Disclaimer: Since December 04, 2018, Oxybit app is no longer available on Playstore and the website is inaccessible. Coin Crunch India has tried to reach the founders for clarification but haven’t received a response. It appears the exchange was shut down. Formal education will make you a living; self-education will make you a fortune – Jim Rohn “So, you’re a Doctor who created a mobile app for trading cryptocurrencies?“, I…

Neo Based RedPulse (RPX) and DeepBrain Chain (DBC) Launched on BitBnS

The Altcoin market in India seems to be on a rise and particularly for the cheap coins. Altcoins newly available on Indian exchanges can be bought for as low as Rs. 2 per unit. Joining the party now is BitBnS Cryptocurrency exchange. The Buyhatke’s ‘hatke’ venture just announced RPX and DBC trade on their exchange. In the past few days we have witnessed launch of DGB, REQ, RPX, DBC, Zcash…