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Posts tagged as “Bitbns”

USDT Comes to India with BitBnS Exchange

Bitbns is without a doubt the top Indian exchange in terms of number of crypto assets offered for trading. With 54 assets and all paired with INR, Bitbns can double the number of trading pairs by just introducing BTC based trading. The exchange caught the community by surprise when announced the listing of USD tether (USDT) in their next batch of coins. PundiX (NPXS), Lisk (LSK) and Ethereum Classic (ETC)…

Ended:Trading Competition: ZIL on Bitbns

Today is the day to win a lot of crypto by trading on exchanges. Many exchanges are running trading competitions Bitbns exchange is running a trading competition for ZIL – Zilliqa today. Winners get Highest trader by volume gets 1200 ZIL Highest trader by number of trades gets 600 ZIL Date and Time The competition starts on May 23, 9 PM – May 23, 11 PM Contingency Minimum traded volume…

Banks should unwind relationship with Crypto Businesses in Three Months: RBI

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…

Responses From Exchanges about RBI’s Move to Stop banks from Serving Crypto Businesses

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…

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…

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.…

What is Zilliqa? The new coin Just launched on Coindelta and BitBns

It’s raining Crypto in India. Nope I am not talking about Airdrops. I am talking about exchange listings. With a new listing in the Indian market almost everyday, today is no different. Indian crypto exchanges are listing Zilliqa (ZIL), Ontology (ONT) and 0x Project (ZRX) today. Although ZRX has been trading on Koinex and Oxybit already, ZIL and ONT are making a debut. Zilliqa is launching simultaneously on Coindelta and…

What is TRON (TRX)?

The goal of the TRON protocol is to construct a global free content entertainment using the blockchain technology to the fullest. Founded in 2017, Tron will help the users freely publish, store and own data. Entertainment is of many form, TRON focuses on having a decentralised content entertainment ecosystem. There are many application partners for TRON, some of them include Peiwo, Obike, Gifto, Uplive which have a total of more…

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…