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Posts tagged as “exchanges”

Will Supreme Court Hear Crypto Vs RBI Matter today on January 15?

Last hearing was roughly two months ago on November 20, 2018. Supreme Court ordered to list the matter on January 15, 2019. The Government of India submitted affidavit stating they are close to submitting draft of regulations on cryptocurrency. But there have been no clear reports. Multiple News agencies have mixed reports on regulations or ban of cryptocurrencies. Perhaps the court hearing shall shed some light, or will it be…

Scam Alert: Scammer targets Bitbns user; Steals 63000 INR

A user lost 63000 INR (~900 USD) fiat, when his account was hacked by a serial scammer on an Indian Exchange. The other user, whose account was used to steal the funds had no idea even his account was hacked and lost crypto worth INR 13000. This happened with a Peer to Peer INR transaction. The exchange intervened, but too late to recover all the funds. Total amount was INR…

Best Cryptocurrency Exchange Referral Programs for India

During the California Gold Rush, more people made money from selling shovels than from those mining Gold. Referral programs on cryptocurrency exchanges if tapped well, can be your shovels.  I have referred this one user to an exchange, he has stopped trading now, but when he did, I earned about 5000 INR a month on referral bonus just from that one user. So you see, it can become your steady…

SEBI did ‘Study Tours’ to Japan, UK, Switzerland to learn about Crypto & ICO: Annual Report

The securities market regulator of India SEBI organised ‘study tours to Financial Services Agency (FSA) Japan, Financial Conduct Authority (FCA) UK and Swiss Financial Market Supervisory Authority (FINMA), Switzerland to study Initial Coin offerings and Crypto-currencies’, reveals the Annual report published by the regulator.  The Securities and Exchange board of India (SEBI) published its annual report for the year ending March 31, 2018. Annual reports are great way to understand…

Instashift lists 10 more coins; Total 26 now offered for Peer to Peer Trade

Instashift, the Estonia based Peer to Peer Cryptocurrency exchange has listed 10 more Crypto assets on their platform. Users can now buy and sell or ‘convert’ a total of 26 cryptocurrencies on Instashift.  The new coins listed on Instashift are: Bitcoin Cash (BCC) EOS (EOS) Stellar (XLM) Tether (USDT) Cardano (ADA) Monero (XMR) Iota (IOTA) Tron (TRX) Ethereum Classic(ETC) Dash (DASH) If you notice, until now, Instashift listed BTC, XRP,…

DCXinsta Review: Is it Fast? What about Dispute? We find out!

On Monday, we shared an exclusive first look of CoinDCX’s new P2P solution for trading cryptocurrencies. Yesterday on Independence day, DCXinsta was opened to public. Today, I tested if it really is as fast and good as it claims to be. Spoiler alert: It is.  Once you pay the seller, you receive the crypto within 60 seconds. However, during the transaction, I accidentally entered the wrong reference number while entering…

First Look: Crypto Vision is not just another Arbitraging App

“We could add your news feed to our app”, the telegram user behind ‘Vishan Studios’ texted. “That would be great”, I replied. He went on to ask if I had any suggestions, I didn’t, because I hadn’t seen the app. Exactly a month later, today, after using their app for a while and sharing my feedback, I am ready to review the app for our readers. It is called Crypto…

Judgement Day on Cryptocurrency: SC pushes hearing to Sep 11 for Final Disposal

The Apex court of India heard limited arguments on Cryptocurrency’s validity in India from IAMAI and RBI before pushing the case to September 11 for the next and final hearing. According to sources, it was pushed because the other respondents on the case like SEBI have not filed their response yet. All the respondents must respond within 4 weeks time from now. September 11 will be the day Supreme court…

Reality Check: Is BitBns Faking Trade Volumes?

Today, an exchange Bitforex is under fire for faking trade volumes. An investigation by cryptoexchangerates have revealed that the exchange was faking volumes on huge scales and have accused CoinMarketCap (CMC) to be complicit to it. The exchange jumped from a ranking of 100 to within top 10 exchanges by volume recently, which prompted the investigation. Back on the home turf, it seems Bitbns is pulling off a similar game…

Reality Check: Are WRX Coins Useless?

Cryptocurrency exchanges are popping up everywhere. It is not difficult or expensive to build a crypto exchange. But to build an exchange that is secure, robust, built for thousands of users from day 1 and to work glitch free, you have to spend some moolah. Initial Coin Offerings or ICOs are the biggest tools in Cryptocurrency space to raise money. Exchanges have raised money by ICOs, exchanging ETH, BTC or…