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Internet is full of creativity. The good news is that most of it is free. The bad news – the best of it is behind a paywall. So while you gentlemen and ladies are browsing the internet ‘for research purposes’ and wish to gain access to some premium research material, you pay for it using a credit card. Today, World’s largest porn site announced its partnership with a privacy coin…

Bitcoin Declared Halal – In a Working Paper by a Scholar from Indonesia

“You cannot charge interest (Riba) under Islamic Banking laws”, I was recalling the slides of my presentation from 2011. My topic of presentation for the day was Islamic Banking and I distinctly remember this one line that I wrote on the deck. Conventional Banks work on a simple principle: You get interest on Deposits, you pay interest on Borrowings. The difference in these interest amounts is Bank’s revenue. But Islamic laws,…

What is the Tulip Mania and Why People Compare Bitcoin With It?

Many times we hear people say that Bitcoin will crash like the Tulip Mania in the 17th century. Imagine, close to 400 years later, people still talk about one of the oldest if not the first speculative bubble. Tulip Mania is when in the 1637, the contracts of Tulip bulbs in Netherlands went to unprecedented prices and later collapsed dramatically. Historians are still debating whether or not it cost a…

After a huge proclamation, Nucleus Vision Deletes All posts on PayTM Partnership

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…

Koinex Backer Pantera Capital Predicts Bitcoin Over $20000 Within a Year

“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…

CoinSecure loses Bitcoin worth 22 Crores, What We Know So Far

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…

A “Legal” Blockchain Financial Solution Deployed to Fight Fraud in India

While we are still recovering from the blow on Crypto that RBI announced on April 5, 2018, it has come to attention that TReDS exchanges approved by RBI are already using Blockchain to fight fraud. RBI introduced the new TReDS (Trade Receivables Discounting System) for small businesses to be able to borrow capital over receivables. Early April, a US-based Blockchain solutions company MonetaGo deployed an interoperable platform built on Hyperledger fabric and…

A list of Indian Exchanges Who Has Not Made Their Team Details Public

Disclaimer: After I published this article a lot of people came forward and explained to me how it could be risky for founders to declare that information and how it might not be needed in many cases. The most agreeable argument made was “You are dealing with a registered company, lets all start to accept that company has a bigger trust backing than the names of few individuals”. Keeping that…

INR Deposits and Withdrawals on Indian Exchange Becomes Difficult, Expensive

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…

A Look at the Future of Cryptocurrency in India

The date is December 31, 2018. The world is getting ready to celebrate New Year’s eve with their friends and family. The celebrities in India are partying in private houses and sharing the happenings on Instagram. Social media use has increased exponentially. Everyone is looking forward to 2019 after an exhaustive 2018. Hoping that the New Year will bring in new possibilities, possibilities that won’t be curbed by the Government.…