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Posts tagged as “India”

Experiment: I took a Three Month Loan to buy Bitcoin – Part 1

I took a loan of Rs. 200,000 to be returned in three months, to buy Bitcoin with it and see if I make profit or loss at the end of three months. The total amount to be returned is 209069, roughly 5% more. While we always advise people that taking a loan to invest in Crypto is a terrible idea. But many people don’t listen to this advise, go knee…

Binance Joins Internet and Mobile Association of India (IAMAI), to Strengthen the Fight for Crypto

India’s crypto sector has been on its own, with news like a complete ban looming around every now and then. Binance has joined the country’s top internet association (IAMAI) in a bid to join the fight to legitimize the industry with its reach and resources. One of world’s largest Cryptocurrency exchange Binance has has joined the crypto-asset exchange committee at the Internet and Mobile Association of India [IAMAI], the association…

Koinfox Crypto Trading Platform Raises Seed Funding from Amesten Assets and CEO Sachin Jain

New funding from a Hedge fund and fund manager will help Koinfox build products in pipeline to serve Crypto Businesses. Crypto trading platform Koinfox has announced a new injection of funding from Crypto hedge fund Amesten Asset and its co-founder and CEO Sachin Jain, aiming to provide a strategic growth in building new products and serving large Crypto Businesses. Koinfox is the first investment by the hedge fund, Jain however…

A guide to Understand Option Trading and Bitcoin Options

Crypto markets are maturing. The introduction of perpetual future contracts, option trading, leveraged tokens, volatility contracts and many such instruments are most likely what we need for institutional hedge funds/prop desks to take the crypto markets seriously. Options are one such financial instrument that could see stock market option traders coming into Bitcoin trading. More money flowing into Bitcoin is a good thing, right? Options have been a part of…

India’s Crypto Boom Will Come From Entrepreneurs and Enterprise – Survey

April 2, 2020 — Global peer-to-peer bitcoin marketplace, Paxful,  released today the results of a survey about the future potential of cryptocurrency in India. The survey highlights what industries will lead the charge towards adoption, where crypto will drive the most progress, and the general sentiments of Indian men and women, ages 18-55, 75% of which have crypto investments, regarding digital currency.  India has recently seen a lift on its…

Coin Crunch will Launch India’s Best Cryptocurrency Exchange

THIS IS AN APRIL FOOL’S JOKE. THE ARTICLE IS A SATIRICAL TAKE ON HOW ONE CAN BE FOOLED INTO TRUSTING PLATFORMS WITH SINISTER INTENTIONS. The new financial year starts today and what better news than to tell you that we will be launching our own Cryptocurrency exchange. Over more than two years we have witnessed the rise and fall of several exchanges, we have dealt with multiple issues faced by…

Why Indians Need Cryptocurrencies Like Bitcoin?

I grew up in a small city of Rajasthan with a modest upbringing. I went to a normal English medium school where Hindi was the official language. At school often the topic of debate was ‘Corruption in India’. I sometimes wondered why that was the case so often. But later when I got to fit into the economy and sort of figured out what I wanted to do after my graduation—the…

INR Deposits and Withdrawals Status on Crypto Exchanges

In light of the quashing of Banking Ban by the Supreme Court, many exchanges are opening their their INR Deposits and Withdrawal services. The below table will be updated regularly for the current status of INR across exchanges. If we have missed out on an update, do hit us up on Twitter DM. The Status of INR on Crypto Exchanges Read: Crypto Withdrawal Fees in April 2020 Last Updated –…

SC Clears Ground for Crypto Trading in India. My Word of Caution: Stick with Bitcoin

Today was indeed a monumental day for the crypto community in India as Supreme Court squashed the 2018 RBI circular as it fails the Test of Proportionality. This circular had prevented crypto exchanges from opening bank accounts to accept or make customer deposits. Reeling under this pressure a number of exchanges had shut their shop as they couldn’t accept deposits from their customers who wanted to buy/sell cryptocurrency. Now, following the SC order, we should witness a sea of new crypto exchanges come up in India that would allow direct…

Bitdroplet Review: Buying Bitcoin Regularly as SIP much easier, not perfect

Using Bitdroplet, anyone can automatically buy BTC like an SIP. User can setup a goal, amount, frequency of investment under the “Systematic Purchase Plan”, it can also be redeemed at any time. Adequate USDT Balance has to be maintained for automatic investment. There is no denying that Crypto assets like Bitcoin are one of the most volatile investments in recent times. The price of one bitcoin hit almost US $20000…