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Coin Crunch India

Unocoin’s Ethereum Smart Contracts are Causing a Havoc for Few users

What do you expect when you deposit Ethereum to an exchange? You expect the coins to deposit without a glitch. That is not the case with Unocoin. Several users are suffering the pain of losing their ETH and running behind exchange supports to help and recover the their lost funds. The reason – Unocoin doesn’t have wallet for Ethereum deposit and withdrawals, it has a smart contract.  We reported earlier…

Yet Another Sexual Harassment on Indian Telegram Group

Telegram, on one hand the Russians are fighting for their right to use the messaging app and on the other hand, the ones that have free access to it, are misusing it. The story is from a tiny group of 52 members. This is one example of several such tiny groups where in a handful of friends or acquaintances spend their time discussing Crypto and sharing anything from jokes to…

Opinion: I fell in Love with Coindelta All Over again

Less than 36 hours ago, Coindelta deployed a massive update to their website’s UI. In an attempt to streamline and ease trading, CD’s new market page stands redesigned. Coindelta has incorporated all trading features into one page. According to the exchange, they wanted to remove the excessive scrolling the users had to do for checking their open order, trade history, etc. As most of you might know I was once…

CoinRecoil petition: Delhi High Court issues notice to RBI, Union of India and GST Council

April 22, 2018: Admitting petition of Ahmedabad based cryptocurrency exchange CoinRecoil (Kali Digital Eco-Systems Pvt Ltd), Hon’ble High Court of Delhi has issued a notice to Reserve Bank of India, The Union of India through Secretary, Ministry of Finance and GST Council. The next hearing in this case is on May 24 2018. Kali Digital Eco-Systems Pvt Ltd (CoinRecoil) filed a petition against Reserve Bank of India, The Union of…

Here’s How to get Free 100 VIB tokens and win 1200 More

Indian Exchange KoinOK seems to be on a give-away spree. After XDCe and TRX giveaways, it is time for traders to win some Viberate – VIB. The exchange is listing a new token VIB and offering traders an opportunity to win 100 VIB tokens, which is equivalent to Rs 1200/- at the time of this writing. KoinOK is the first Indian exchange to list this token. Along with that, KoinOK is…

Looks like Koinex’s Instant INR Withdrawal Problem is Not the only Withdrawal Problem

After a complete stop on Instant withdrawal, Koinex re-introduced them at the original fee of Rs. 30/- per transaction with a limit of 50000. Coindelta and WazirX reduced their instant withdrawal fees to Rs. 30/- as well. All three exchanges use the same service but haven’t disclosed it as reported earlier. Looks like Koinex has been running into problems with their instant withdrawals and a swarm of users keep venting…

Rumour-mill: The Next Coin on Zebpay May be TRX (Tron)

It has only been 3 days since the listing of EOS on Zebpay and we already have a suspect for the next one. Earlier today, a user asked in our community whether Zebpay is launching TRX next and we started sniffing around. Although it is very early to say, but it looks like Zebpay may be testing out TRX deposits. This is the wallet of Zebpay for ETH and ERC20…

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…

ICICI Bank onboards 250 Corporates on its Blockchain Platform

Indian Banking giant ICICI is moving ahead with their blockchain based trade Finance initiative. The company has enlisted more than 250 corporates to undertake domestic and international trade finance transactions using ICICI’s blockchain platform. The inclusion of corporates comes in line with ICICI’s successful completion of blockchain based cross-border transaction for trade finance with Emirates NBD in 2016. The Corporate firms signed up with the Bank to use their blockchain technology…

Three Major Indian Exchanges Receive Legal Notice for not Sharing Founder Details on Website

A few days after we published a controversial list of exchanges that do not share the details of the co-founders on their websites, we received a copy of a legal notice sent to three Indian Cryptocurrency exchanges – Zebpay, Koinex and Coindelta. As absurd as it sounds as a premise for a legal notice, it is true. An individual named Yousuf Rampurawala who also is a lawyer himself, sent the…