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Posts tagged as “unocoin”

Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam ! Other Crypto news

This is a daily round up of important blockchain and crypto news between Jan 13, 2019 and Jan 14, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.  Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us. 1.Google…

The Truth Of Unocoin’s Cryptocurrency ATM and the Arrest of a Co-Founder

“How are they selling Bitcoins on an ATM?”, asked my dad while reading the news out of a Gujarati Newspaper. I woke up early the other day and was having Breakfast with my dad when the news of Unocoin’s ATM reached mainstream media. “Did you write about this on Coin Crunch?”, he asked after I explained to him that it is not a cryptocurrency ATM, just an INR ATM to…

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…

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…

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.…

Deposits Not Credited to BitBnS as Unocoin Transfers ETH Using Smart Contract

Dr. Who, a telegram user shared his agony on various telegram groups. He transferred 0.879 ETH from his Unocoin wallet to his BitBns wallet 3 days ago. The ETH never reached his wallet even after several confirmations. BitBns support eventually revealed the reason, it was sent from a smart contract.  Bitbns did recover the user’s ETH but charged a hefty fee of 0.1 ETH. But Dr Who is the lucky one.…

A Comparison of All Indian Cryptocurrency Exchanges

The Cryptocurrency space in India is booming at an exponential rate. More and more people are becoming Crypto Traders, Investors and Hodlers; the demand for cryptocurrency is ever-increasing. Several times the exchanges are forced to close down new registrations due to the surge leaving new users in a limbo. Perhaps the exchanges on your radar are not accepting new registrations, have Deposits and Withdrawal Issues or maybe you just want…