Exchanges The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC. Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR. You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
Wild West to crypto best: how compliance separates cowboys from champions
At the heart of early cryptocurrency was the ideal that cross-border transactions could exist outside the system, untraceable and pseudonymous. That’s about to change. The Financial Action Task Force (FATF) is one of the most powerful standards-setting bodies on the planet, and as reported by Bloomberg, is due to recommend the most important regulatory change ever to hit the cryptocurrency industry. There’s a new sheriff in town for crypto. The FATF wants regulators to instil recognisable user data at the heart of all new rules on cryptocurrency trading and transactions. The imposition of this so-called ‘travel rule’ represents a trying time for the industry. Blockchains are not, on the whole, designed to register this kind of on-chain identifying information. Some would argue that forcing old-tech rules onto crypto will decrease transparency, not improve it. But whether the rule comes to fruition or not in its current form is a moot point. The outcome is the same: major players will be forced into closer collaboration with regulators and with one another. And as we know, fully-regulated businesses can attract better, more secure funding from more sophisticated investors. Kay Why See From Malaysia to San Marino, Switzerland to Wyoming, forward-thinking states and nations are writing laws to pull digital asset exchanges into their day-to-day oversight. Reputable and regulated exchanges – just as in the mainstream equity world – require investors to identify themselves if they want to buy crypto-assets. This is because modern money transfer laws all require some level of Know Your Customer (KYC) process to identify where money has come from, and where is it going. Even Shapeshift, once the darling of the anonymity crowd, has had to fall in line. CEO, Erik Vorhees, announcing the layoff of a third of its workforce, admitted that failing to prepare to share user data for KYC had devastated the company financially. Those that can prove they will work with the system, not against it, will be allowed to reap the rewards. As proof, the world’s largest digital asset exchanges will sit down with global policymakers in Japan later this month for a crucial meeting to determine how the FATF proposal will affect the industry. The meeting, which coincides with the G20 summit in Osaka, will count exchanges like Coinbase, Kraken, Huobi and the Goldman Sachs-backed, Circle among its numbers. As digital asset professionals we need to be in close contact with regulators, putting forward our case and making sure the benefits of what we bring to the table are heard. Facebook creates crypto buzz Facebook’s Libra cryptocurrency has ignited mainstream interest in the space once again. Technical details of the project have now been shared in a 29-page whitepaper, borrowing from Bitcoin and Ethereum to power a new global currency. And regulation was there from the beginning. Libra, Bitcoin and Ethereum putting crypto on the map. It’s no accident that Mark Zuckerberg went to the Commodity Futures Trading Commission (CFTC) to talk about how his in-house crypto would work, long before it ever came to market. The cynicism and suspicion that once characterised regulatory approaches to crypto assets is on the way out, too. In fact, the CFTC, which oversees the US derivatives and futures market, has grown much fonder of blockchain. Officials even suggested in a June 2019 speech to the Italian securities regulator, CONSOB, that blockchain-based records could have helped to prevent the 2008 financial crisis. Outgoing chairman J. Christopher Giancarlo said: “Imagine if regulators could have viewed a real-time distributed ledger […]to recognise anomalies in market-wide trade activity and diverging counterparty exposures indicating heightened risk of bank failure?” He added: “What a difference it would have made a decade ago if blockchain technology on a private distributed ledger accessible to regulators had been the informational foundation of Wall Street’s derivatives exposures. At a minimum, it would certainly have allowed for far faster, better-informed, and more calibrated regulatory intervention instead of the disorganised response that unfortunately ensued.” Fintech firms should not be afraid of regulators. Quite the opposite: close collaboration is key. The right conversations at the right time can transform your prospects and bring funding to the table. Inside, not outside At one time cryptocurrency was content to exist outside the financial mainstream. Its anonymity made it a pariah, its volatility a joke, a bogeyman to scare financial advisers and bring them out in a sweat late at night. But this scrappy outsider is changing its ways. The market is maturing. It was unthinkable 10 years ago that Bitcoin could become a stalwart of the financial system. But here we are. What was once underground is now mainstream. Perhaps related is the fact that the US Security and Exchange Commission’s Office of Compliance Inspections and Examinations has ramped up investigations by 10% year-on year and marked out digital asset broker-dealers, exchanges and traders for special attention in its 2019 priorities list. Where once large investors saw only risk in digital assets, they now see opportunity. These are pension funds and hedge funds, those whose job it is to allocate assets for millionaires and billionaires, and who control the future purchasing power of entire populations. Dow’s Marketwatch explains how institutional investors are now bullish on crypto, backed by record highs in the Bitcoin futures market. When the owner of the New York Stock Exchange launched digital asset exchange Bakkt in 2018, the veil was lifted and the idea that cryptocurrency would be relegated to a mere sideshow ended. Bakkt will begin testing its Bitcoin futures and custody in July 2019. Interdealer broker, ICAP, is entering Bitcoin derivatives, too. This $568 million-a-year revenue business looks after trades for investment banks and large asset managers. Speaking to Bloomberg, the joint head of digital asset markets Duncan Trenholme admitted: “Every institution is on an educational journey. Many are exploring how tokens can legitimately be traded or stored and I’d expect more projects to hit the market over the next year or two.” Note that key word. Legitimately. Within the rules. The question we face is not whether regulation is necessary for digital assets, but how digital asset businesses can best work with regulators. Looking forward Securing the correct licence can transform the value of fintech assets. Working within the system and fulfilling compliance obligations is costly, sure. In fact, regulatory costs for financial institutions could double in the next decade. But financial regulators can open massive markets for the best fintech products. Some economies, like South Korea, have recognised the industry’s huge potential but aspects of regulation like cryptocurrency taxation still exist in a legal grey area. Others, like India, are moving to follow a shadow banking ban for cryptocurrency firms with an incredible 10-year jail sentence for trading in digital assets. Large Indian crypto-exchanges like Zebpay and Coinome, have been forced to shut their doors in such a harsh and uncertain regulatory environment. At the same time, one of India’s largest and most powerful tech lobbies is trying to make the case to the central bank for legalisation and regulation. These conversations are vital. Maxim Bederov One example we should all watch closely is that of Switzerland’s SIX exchange. It became the first in the world to debut an exchange traded product for cryptocurrency. Now, the Amun Crypto Basket, tracking the prices of Bitcoin and Ethereum, sits happily alongside exchange-traded products (ETPs) for gold, oil, silver and other traditional commodities. Amun had a keen eye for regulatory standards and is reaping the rewards. It should come as no surprise that the most recent ETPs listed on SIX are all by Amun. Single-asset funds for Ripple and Ethereum arrived in 2019, for example. By contrast the last new traditional commodity ETPs debuted way back in 2013. This is fintech working at its best, disrupting the market with the regulator’s backing, attracting institutions and setting the new standard for investment. By Maxim Bederov * More Details Here
Warning that lack of legal protections over constitutes a risk and may result in financial losses. Singapore. Virtual currencies are not “money” or “currency.” ’It’s never safe to invest in, let’s be crystal clear,’ he said on ’Fast Money’ Wednesday evening. ... At the end of day Wednesday, was valued at around $11,300, a loss of $156 billion in market cap. And isn’t the only cryptocurrency to lose money. crypto currency exchange is good enogh. In India, you can purchase Bitcoin from Zebpay exchange. Zebpay has Android and iPhone app which lets you link your bank account for quick transfers. ... • ’It’s never safe to invest in bitcoin, let’s be crystal clear,’ he said on ’Fast Money’ Wednesday evening. ... bitcoin buy sell.At the end of day Wednesday, bitcoin was valued at around $11,300, a loss of $156 billion in market cap. And bitcoin isn’t the only cryptocurrency to lose money. are not illegal, but are also not legal tender. ... Warning that lack of legal protections over constitutes a risk and may result in financial losses. Singapore. Virtual currencies are not “money” or “currency. That’s the good news—if you own . ... 39930https://www.x-crypto.com
Exchanges The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC. Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR. You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
Hi everyone! I’m back with the fifth monthly Bitcoin news recap. I seriously can’t believe all of this stuff happened in ONE month. For those unfamiliar, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month, I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month. You can see recaps of the previous months on Bitcoinsnippets.com If you're on mobile and can't see the links below, check the web version. A recap of Bitcoin in May 2017
Hey all, Throwaway account here. After lurking so much, I finally wanted to have 1 BTC in my account for once. From the past 1 week, I have been searching hard the ways to buy Bitcoin in India and anything apart from LocalBitcoins had either put new registrations on hold/was way too expensive or was taking forever to verify the account. People on Localbitcoins are charging around 15% on top the trade value as an average. Usually, who are charging a little less commission in the ads, about 7-10%, when messaged, ask for the same inflated amount and claim that their account is having issues and is not displaying proper prices. After negotiating with about 5-7 people, I could finally convince 1 guy to sell me 1 btc for about $5030(I paid in my local currency) who lived about 1 hour drive away from my place. I drove there and after 2.5 hours, I finally own 1 btc :D! Right now, BTC in Google is showing at $4634.5 and the biggest companies are offering the following rates. Zebpay: $5201 (INR 332000) CoinSecure: $5154 (INR 332000) Unocoin: $5327 (INR 340000) I feel that this is really ridiculous and I really want a big company to open up here in India so that these companies can either die out or mend their ways and stop looting us. They are just doing this because they CAN right now and because there is really no other option. Really sorry for this rant but I just had to get this out of my system as it is hindering the happiness I thought I would have felt after owning 1 BTC.
Cryptocurrencies are mostly negative as US CFTC Chairman says coders may be liable for predictive event smart contracts
A study conducted by the Depository Trust and Clearing Corporation (DTCC) finds that distributed ledger technology possesses the scaling capabilities to support the daily trading volumes of the entire US equity market. The 19-week study found that distributed ledger technology can support the US equity market’s peak volume rates of 115,000,000 daily trades, or 6,300 trades per second. The study by the DTCC was conducted in partnership with global professional services company, Accenture, and enterprise blockchain software firm, R3.
BTCC, China’s first ever Bitcoin exchange, is planning to launch trading services in South Korea. According to South Korean news outlet, The Investor, BTCC is set to launch beta services for cryptocurrency trading in South Korea later in October while planning to make its official debut this November. BTCC will offer South Koreans a trading platform, cryptocurrency wallet services, a mining pool, and a service that enables peer-to-peer customer payments. Founded in 2011, BTCC was once a top three cryptocurrency exchange in China before facing pressure from regulators prior to the Chinese cryptocurrency ban in September 2017.
Coinbase Pro listed its first Ethereum-based token, 0x (ZRX), earlier this week and savvy cryptocurrency traders were able to cash out on a 35% pay day as a result. After listing the token on Coinbase Pro, ZRX’s price spiked nearly 40%, a situation known as the, “Coinbase Effect”. Coinbase is by far the largest cryptocurrency exchange in the United States and is valued at USD$8 billion with millions of users -- a common side effect of listing a new token on its exchange is a double-digit price move that shortly follows. Several individuals, however, took positions just before Coinbase listed ZRX on its exchange, raising concerns of insider trading, a charge Coinbase has denied in the past.
Monero (XMR) is becoming the first cryptocurrency worth more than USD$1 billion to test Bulletproofs, a highly anticipated technology that makes blockchain privacy features more scalable. Designed by cryptographers Benedict Bunz and Jonathan Bootle, Bulletproofs offers a way to reduce the weight of confidential transactions. Bulletproofs is a solution Monero desperately needs, as the privacy coin has experienced “Blockchain bloat” due to the large size of its confidential transactions. The Bulletproofs solution should also help to lower transaction fees for trading XMR.
Speaking at an event in Dubai on Tuesday, Brian Quintenz, a commissioner of the US Commodity and Futures Trading Commission (CFTC), said that smart contract coders could be held liable if they knowingly create functions using blockchain technology that are predictive and deemed as “event contracts”. While at the event in Dubai, Quintenz said, “Essentially, these contracts would allow individuals to bet on the outcome of future events, like sporting events or elections, using digital currency. If your prediction is right, the contract automatically pays you the winnings.” Quintenz went on to encourage smart contract developers to reach out and engage with CFTC staff to see if their products fall within the CFTC’s legal guidelines.
The Internet and Mobile Association of India (IAMAI) will form a dedicated focus group to tackle blockchain technology exploration of big businesses and cryptocurrency industry players. As per Indian newspaper, Economic Times, the focus group has attracted representatives from giants like MasterCard, Microsoft, and IBM. This news comes as the Indian Supreme Court is deliberating on the legality of the Reserve Bank of India’s cryptocurrency banking ban enacted this past July.
While speaking to Bloomberg on Tuesday, Joey Krug, co-CIO of Pantera Capital, said that he believes that cryptocurrency markets could increase tenfold by 2020. While speaking to Bloomberg, Krug highlighted the need for scalability in cryptocurrency markets, saying, “These are all markets, and so if you don’t have scalability, you don’t have market markers.” Krug spoke in the interview amidst the announcement of Fidelity launching Fidelity Digital Asset Services, however, he was not surprised that the announcement had little effect on crypto prices -- instead, Krug believes the breakout in cryptocurrency prices will be tied to cryptocurrency adoption in our current climate, which would require transaction capacity increases.
Concerns about GameCredits and questions for management
Execution The whitepaper said the store would launch in early Q2 of 2017 (Over 300 games from 150 developers). Later I read (http://cryptocentral.info/topic/1471/gamecredits-store-beta-launch-gamecredits-launch-in-india) you were launching in August with a Beta Product in India. I couldn't find anything on website blog about this event. Did this happen and can you provide an update? Congrats on launching the G Play store. Is this the same product launched in India? Their Github looks pretty inactive. Previously on Reddit, the community has brought this up: https://www.reddit.com/GameCreditsCrypto/comments/77cb6what_is_happening_with_the_team_github_is_not/ Can you give an update regarding Github activity? I'm very skeptical about decentralizing gaming. The power of the Apple app store and the reason they can charge a premium is that the app store is already preloaded on every Iphone. I assume this is the same for Android devices. Apple and Google don't pay developers in under 60 days not because they don't have the technology to do so, but because they have the market power to delay payment for 60 days and charge 30%. From my perspective, GameCredits is trying to beat the competition on price and going after an underserviced market, with blockchain sprinkled on top unnecessarily for brand awareness. I think it’s a smart strategy they’ve articulated for starting in India: "there are several reasons we have chosen India for our initial marketing launch. First, India is the second largest country by population ( 1.311 billion inhabitants) with a growing economy and gaming sector. Second, mass marketing in India is significantly less expensive allowing us to reach more potential users on a lower cost basis. Lastly, digital currency adoption and usage continues to grow rapidly in India, with the government legalizing cryptocurrency in June. Articles in June also showed over 1,000,000 bitcoin users in India, with India’s largest exchange Zebpay reaching 500,000 mobile downloads with thousands of new users each day. It is our goal to corner the emerging Indian market which is projected to eventually match China's 27.5 billion dollar market." Coin Utility This is where I get really concerned about purchasing GAME. From the whitepaper: "Google and Apple only allow deposits from credits cards. The Gamecredits Mobile Game app will allow the use of credit cards, Gamecredits, and local payment methods." Does this mean someone can use their local fiat currency to play games on the platform? If the price of GAME goes up, why wouldn't I choose to use my local Fiat currency on the platform? From Venturebeat article https://venturebeat.com/2017/08/17/gamecredits-takes-on-apple-and-google-with-its-blockchain-based-app-store/ “you can pay for the games or in-game content with cryptocurrency. The proprietary payment gateway will allow gamers to buy games and in-game content with cryptocurrency. They can buy that currency with credit cards and other local payment methods within the mobile app. GameCredits will incent players to pay with cryptocurrency via discounts.” Since the transactions are transparent and easily verifiable, GameCredits can pay developers within 60 hours, rather than 60 days for the big app stores. And it only keeps 10 percent of the proceeds for itself, rather than 30 percent. It will use those proceeds to buy more of its own cryptocurrency. That will drive the value of its cryptocurrency upward, helping out those who invest in the cryptocurrency. So is the management team suggesting there will be two prices for the same GAME token? Do they intend to subsidize the GAME cost relative to local Fiat so people will buy more GAME and then buy GAME on exchanges to reduce the amount in circulation and increase the price for investors? Won’t that increase the price for Gamers, requiring more subsidizing relative to the fiat currency?
LaneAxis Enables Stakeholders to Derive Maximum Value from operation
The involvement of brokers, as well as the use of older means of communication and tracking, can lead to increased costs or loss of potential income. Find out how LaneAxis will enable all stakeholders in the industry to derive maximum value from operations - https://www.laneaxis.io
The involvement of brokers, as well as the use of older means of communication and tracking, can lead to increased costs or loss of potential income. Find out how LaneAxis will enable all stakeholders in the industry to derive maximum value from operations www.laneaxis.io
Tax notices to cryptocurrency investors in india 2018 because trading hits 21,000Crore
Back in India, the Bitcoin picture is still unclear. While SEBI has made a remark over the Bitcoin regulation, the IT department is set to issue notices to over 500K Bitcoin traders across the country. * Trading on crypto exchanges cross 21,000Crore in India- official * Tax dept seeks payment of tax on capital gains * Govt may introduce a bill to regulate crypto currencies — Source * Govt likens cryptocurrencies to ‘Ponzi schemes’, warns investors By Rupam Jain and Manoj Kumar NEW DELHI, Jan 19 (Reuters) — India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said. Tech-savvy young investors, real estate players and jewellers are among those invested in bitcoin and other virtual currencies, tax officials told Reuters after gathering data from nine exchanges in Mumbai, Delhi, Bengaluru, Pune and Surat. Collecting over 2 Mn Bitcoin traders’ details from exchanges, the IT department in India is set to issue notices to around 400K-500K HNIs(high net worth individuals) for trading Bitcoins in significant numbers without paying any tax over the gains. Governments around the world are grappling with how to regulate cryptocurrency trading, and policymakers are expected to discuss the matter at a G20 summit in Argentina in March. The Indian government has issued repeated warnings against digital currency investments, saying these were like “Ponzi schemes” that offer unusually high returns to early investors. it has not so far imposed curbs on an industry estimated to be adding 200,000 users in India every month. B.R. Balakrishnan, a director general of investigations at the income tax department in the southern state of Karnataka, said notices were sent following the survey to assess the penetration and patterns of virtual currency trade. “We cannot turn a blind eye. It would have been disastrous to wait until the final verdict was out on its legality,” he told Reuters. The tax department has asked people dealing in bitcoin and other virtual currencies such as ethereum and ripple to pay tax on capital gains. They have also asked for details about their total holdings and the source of funds in the tax notice seen by Reuters. “We found that investors were not reflecting it on their tax returns and in many cases, the investment was not accounted for,” Balakrishnan said. Bitcoin, the world’s biggest cryptocurrency, soared more than 1,700 percent last year, hitting a record high just shy of $20,000 as institutional and retail investors around the world snapped up the virtual currency. Its huge gains have attracted the attention of global regulators tasked with protecting investors from fraud. In recent weeks, Japan and China have made noises about a regulatory crackdown, while South Korean policymakers said they were considering shutting down domestic virtual currency exchanges. REGULATION An Indian finance ministry official said a federal committee was looking into the possibility of imposing restrictions on virtual currencies and that eventually parliament would have to legislate a regulatory regime. Officials at Zebpay, India’s leading bitcoin exchange, said the industry was adding near 200,000 users every month with an estimated trade volume of about 20 billion Indian rupees ($315 million). “Many of our customers are treating digital currency like gold,” said Zebpay co-founder Saurabh Agarwal. Aman Kalra, marketing head of Coinsecure, a bitcoin exchange in New Delhi, said more than 150 bitcoins were changing hands every week through its platform. The company has 100,000 registered users and is now launching a platform to sell ethereum and other digital currencies. “I don’t think anyone in the government or Govt. official in india should label our business as a ‘Ponzi scheme’, we are not doing anything illegal,” said Ronak (WhiteMoney Exchange). Surat, Jan17, Bitcoin wallet firm WhiteMoney today said it has crossed Rs 40crore turnover within 3 months of operations as more Indians are going for the digital currency. “In only 3 months, the company has crossed 50 crore turnover” WhiteMoney said in a statement. Bitcoins are digital money and their value is determined on the basis of their demand and supply. The digtal money is limited in numbers. Only 21 million Bitcoins can be generated globally and they can be traded even in fractions, up to eight decimals. Last bitcoin will be generated in 2140 but 99 per cent would be already there by 2040. Tax inspectors said they sought help from experts in blockchain, the technology that underpins bitcoin, to conduct the survey. In some cases, tax officials themselves participated in the trade to identify loopholes after they found investors had poured in billions of dollars through unregulated exchanges. The biggest worry for New Delhi, the finance ministry official said, was how to protect investors trading on offshore exchanges. Already hundreds of investors have gone to the police and courts with complaints of transactions in virtual currencies that turned out to be fraudulent, said Pavan Duggal, a Supreme Court lawyer specialising in cybercrimes. “Considering cryptocurrencies are here to stay, the government must consider granting limited legality while ensuring that these are not used for crypto crimes,” he said. ($1 = 63.7625 Indian rupees)
A Reserve Bank of India director has declared that Bitcoin and other cryptocurrencies are not suitable for payments or settlements. S. Ganesh Kumar, a director of the Reserve Bank of India, seems to have put an end to debate over cryptocurrency’s future in the country. Speaking on Monday, he said that virtual currencies would not be allowed for use as a means of payment or settlement in India. Although this is not an immediate ban, the outlook certainly does not look good for Bitcoin in the planet’s second most populated country. Ironically-titled, local financial paper Money Control reported Kumar as saying: Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies will not end. The RBI director’s words at the at the FIBAC banking conference in Mumbai on Monday seem to have dashed any hope within the relatively few participants of India’s small but growing cryptocurrency community. There are only currently a small handful of companies who accept digital currencies like Bitcoin for goods and services. These are predominantly niche restaurants and sellers of various inconsequential items. The main use case is, as it is elsewhere, as a store of value or investment opportunity. However, there are those who want to see greater adoption and are seeking to make that as easy as possible. Sandeep Goenka of Zebpay, one of India’s largest Bitcoin-related companies, said the following of Monday’s announcement: We will do our best to continue with our efforts to educate the government about crypto-currencies… It can be useful for India by turning the country into a fintech hub, to increase financial inclusion, and there are several other benefits of it. This isn’t the first sign of the lawmakers of India’s scepticism towards crypto. Earlier this year, a finance ministry panel recommended that Bitcoin and other digital currencies should be illegalised owing to the ease with which various nefarious acts can be committed using cryptos. Chief amongst these was money laundering. Despite their hostility towards Bitcoin, the ministry are still considering their own fiat-based virtual currency. Earlier this year Sudarshan Sen, an RBI Exective Director said: Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely.
Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange
A shorter version (reduced by 82.0%) can be found on hyderabad. This is an extended summary, original article can be found here
Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange. New Delhi: Ripple Labs Inc., a Google-backed firm and the worlds fourth most-funded blockchain start-up , has partnered with crypto-currency exchange BTCXIndia to start a buying and selling facility for XRP (ripple), the crypto-token used by Ripple. Before it temporarily suspended trades in April, BTCXIndia enabled trading for bitcoin and ethereum, the worlds largest and third-largest crypto-currency, respectively, by market capitalisation. The platform, with only the XRP trading facility, went live last week offering XRP at Rs24. We are pleased that customers in India now have a way of accessing XRP. The company claims it settles cross border payments (between Ripple technology-enabled banks) within minutes. Earlier this year, Yes Bank and Axis Bank, two private sectors banks in India, joined this list. As it brings banks into its fold, Ripple is laying a network of liquidity providers (in the form of XRP exchanges) across the globe, with an idea to allow retail users to trade in and hold XRP. As a result one of our primary goals this year has been to partner with digital asset exchanges in key countries in order to get XRP listed against their respective fiat crosses, Vias, who sits out of New York, said in an emailed response to Mints queries. 9 billion XRP (total number of token created; will not exceed this number) held a market value of $29. To put into perspective, 16,346,425 bitcoins mined across the world till date held value equivalent to $35. 8 million ethereum coins were worth $15. To be sure, only a fraction of these are with Indians and are mostly traded on wallet-cum-exchange platforms Zebpay (Ahmadabad-based Zeb IT Services Pvt. He said retail users typically use crypto-tokens as assets to store value, and move the value to other tokens based on price trends.
Current price in all 3 exchange ( Zebpay, unocoin & Coinsecure ) are very high in compare to Bitcoin.com price. Today’s current price in Bitcoin.com is $ 2525 but in Zebpay, unocoin & Coinsecure avg. price is more than 1.90 Lacs, it’s means more than $ 3000. Finally, in order to trade bitcoins at ZebPay, traders would need to complete the full verification process, creating a safe environment to buy and sell BTC. Fees. Currently, all fees concerned with purchasing and selling bitcoins are part of the bitcoin value. Buy and sell INR-crypto and crypto-crypto pairs on India’s #1 crypto exchange, serving over 3 million members since 2014. Trade Bitcoin, Ethereum, BAT, XRP, and more with low fees and world-class security on our web and mobile platforms. ZebPay 2.0 is better than ever. Enter your mobile number now to start our quick KYC process. European Union’s top court, European Court of Justice, ruled that exchanging bitcoin should be exempt from value-added tax in the same way as traditional money. Bitstamp to be the first fully licensed bitcoin exchange in Europe, w.e.f. July 1, 2016. Bitcoin was completely ignored when it was introduced a decade ago because of its too good to be true application. From then to a peak value of $20,000 in 2017, Bitcoin has quite had a journey. Read more…
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