Buying Bitcoins in India - ZebPay, Unocoin and CoinSecure

There is a 800-1000$ difference in current bitcoin market value than what is offered by Unocoin and Zebpay in India. Are these guys ripping us off. /r/Bitcoin

There is a 800-1000$ difference in current bitcoin market value than what is offered by Unocoin and Zebpay in India. Are these guys ripping us off. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ripple Subreddit Rules, Helpful Links & Answers to Common Questions - READ BEFORE POSTING

You must read our rules before participating in Ripple
Helpful links and answers to common questions will be updated frequently so check back often
 
 
Ripple Subreddit Rules
https://www.reddit.com/Ripple/wiki/rules
 
Helpful Links
Ripple Insights - Top 9 Frequently Asked Questions About Ripple and XRP (Jan 18, 2018)
Ripple’s Ultimate Strategy; why XRP will increase in value
Removing inefficiency of international payments with XRP
Reasons to expect XRP to be the most popular bridge asset
"XRP is competitive now in the USD/MXN corridor"
Ripple's Decentralization Strategy Update
XRP Market Performance
List of Ripple Partnerships and RippleNet Implementations
 
People to Follow
Ripple on Twitter
Brad Garlinghouse, Chief Executive Officer at Ripple
Yoshitaka Kitao, executive chairman, CEO and president of SBI Holdings, Inc.
David Schwartz, Chief Cryptographer at Ripple | aka u/sjoelkatz
Stefan Thomas, Former CTO at Ripple, Co-creator of Interledger. Founder at Coil
Patrick Griffin, Senior Vice President of Business Development at Ripple
Miguel Vias, Head of XRP Markets at Ripple
Warren Paul Anderson, Product Manager, xRapid/XRP at Ripple
 
Hodor's XRP Blog
TplusZero - research & analysis on #XRP
 
Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
● Ripple is committed to making the XRP Ledger as decentralized as they possibly can
● Quantum-resistant signature schemes - Adding a new scheme is easy and fast
 
XRP Wallets
You need 20 XRP to activate a XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
Cryptocurrency Hardware Wallet
When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
● The World Exchange | How to Create a Cold Wallet for Ripple
A free user-friendly and purely client-side wallet
 
● GateHub | Support | Network Statistics
GateHub XRP Web Wallet
 
Tools
Check XRP wallet balance - Bithomp | Graph | Transactions
Print raw information about an account, a transaction or a ledger - RPC Tool
 
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.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
Exrates | Exmo | Mr. Exchange | Bitsane | Sistemkoin | BitBay | Quoine
 
EUR - Euro
Kraken | Bitstamp | Gatehub | CEX.IO | LiteBit.eu | Anycoin Direct
The Rock Trading | Bitsane | BitBay | BitFlip | Bitlish | Quoine
 
KRW - South Korean Won
Bithumb | Upbit | Coinone | Korbit | GOPAX | Coinrail
 
JPY - Japanese Yen
Kraken | Bitbank | Quoine | Mr. Exchange
 
CNY - Chinese Yuan
RippleFox | Ripple China | Fatbtc
 
TRY - Turkish Lira
Vebitcoin | BTCTurk | Koineks | Sistemkoin | Ovis
 
INR - Indian Rupee
Zebpay | Koinex | Unocoin | Bitbns | BuyBitcoin | BuyUcoin
 
AUD - Australian Dollar
BTC Markets
 
THB - Thai Baht
BX Thailand
 
MXN - Mexican Peso
Bitso
 
IDR - Indonesian Rupiah
Indodax | Quoine
 
RUB - Russian Ruble
Exmo | BitFlip
 
ZAR - South African Rend
Altcoin Trader
 
CAD - Canadian Dollar
Kraken
 
UAH - Ukrainian Hryvnia
Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
SGD - Singapore Dollar
Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
USDT - Tether
Poloniex | Bittrex | Huobi | OKEx | CoinBene | Upbit | HitBTC |
ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
Binance | Bittrex | Gatehub | OKEx | OTCBTC | Upbit | HitBTC |
Bitsane | Mr. Exchange | CoinFalcon
 
LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
HitBTC | OKEx | Upbit | Huobi | BTCTurk | BTC Markets | CoinEgg | Exmo |
ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
submitted by nvok to Ripple [link] [comments]

India's Demonetization Is Causing Bitcoin To Surge Inside The Country

submitted by moldgh to worldnews [link] [comments]

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
submitted by sa007sammy to BankingInfo [link] [comments]

bitcoin buy sell

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 . ... 39930 https://www.x-crypto.com
submitted by Sarakech93 to u/Sarakech93 [link] [comments]

XRP Subreddit Rules, Helpful Links & Answers to Common Questions - READ BEFORE POSTING

You must read our rules before participating in XRP
Helpful links and answers to common questions will be updated frequently so check back often
 
 
Ripple Subreddit Rules
https://www.reddit.com/XRP/wiki/rules
 
Helpful Links
Ripple Insights - Top 9 Frequently Asked Questions About Ripple and XRP (Jan 18, 2018)
Ripple’s Ultimate Strategy; why XRP will increase in value
Removing inefficiency of international payments with XRP
Reasons to expect XRP to be the most popular bridge asset
"XRP is competitive now in the USD/MXN corridor"
Ripple's Decentralization Strategy Update
XRP Market Performance
List of Ripple Partnerships and RippleNet Implementations
 
People to Follow
Ripple on Twitter
Brad Garlinghouse, Chief Executive Officer at Ripple
Yoshitaka Kitao, executive chairman, CEO and president of SBI Holdings, Inc.
David Schwartz, Chief Cryptographer at Ripple | aka u/sjoelkatz
Stefan Thomas, Former CTO at Ripple, Co-creator of Interledger. Founder at Coil
Patrick Griffin, Senior Vice President of Business Development at Ripple
Miguel Vias, Head of XRP Markets at Ripple
Warren Paul Anderson, Product Manager, xRapid/XRP at Ripple
 
Hodor's XRP Blog
TplusZero - research & analysis on #XRP
 
Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
● Ripple is committed to making the XRP Ledger as decentralized as they possibly can
● Quantum-resistant signature schemes - Adding a new scheme is easy and fast
 
XRP Wallets
You need 20 XRP to activate an XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
Cryptocurrency Hardware Wallet
When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
● The World Exchange | How to Create a Cold Wallet for Ripple
A free user-friendly and purely client-side wallet
 
● GateHub | Support | Network Statistics
GateHub XRP Web Wallet
 
Tools
Check XRP wallet balance - Bithomp | Graph | Transactions
Print raw information about an account, a transaction or a ledger - RPC Tool
 
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.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
Exrates | Exmo | Mr. Exchange | Bitsane | Sistemkoin | BitBay | Quoine
 
EUR - Euro
Kraken | Bitstamp | Gatehub | CEX.IO | LiteBit.eu | Anycoin Direct
The Rock Trading | Bitsane | BitBay | BitFlip | Bitlish | Quoine
 
KRW - South Korean Won
Bithumb | Upbit | Coinone | Korbit | GOPAX | Coinrail
 
JPY - Japanese Yen
Kraken | Bitbank | Quoine | Mr. Exchange
 
CNY - Chinese Yuan
RippleFox | Ripple China | Fatbtc
 
TRY - Turkish Lira
Vebitcoin | BTCTurk | Koineks | Sistemkoin | Ovis
 
INR - Indian Rupee
Zebpay | Koinex | Unocoin | Bitbns | BuyBitcoin | BuyUcoin
 
AUD - Australian Dollar
BTC Markets
 
THB - Thai Baht
BX Thailand
 
MXN - Mexican Peso
Bitso
 
IDR - Indonesian Rupiah
Indodax | Quoine
 
RUB - Russian Ruble
Exmo | BitFlip
 
ZAR - South African Rend
Altcoin Trader
 
CAD - Canadian Dollar
Kraken
 
UAH - Ukrainian Hryvnia
Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
SGD - Singapore Dollar
Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
USDT - Tether
Poloniex | Bittrex | Huobi | OKEx | CoinBene | Upbit | HitBTC |
ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
Binance | Bittrex | Gatehub | OKEx | OTCBTC | Upbit | HitBTC |
Bitsane | Mr. Exchange | CoinFalcon
 
LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
HitBTC | OKEx | Upbit | Huobi | BTCTurk | BTC Markets | CoinEgg | Exmo |
ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
submitted by nvok to XRP [link] [comments]

r/bitcoin recap - May 2017

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
Thanks to everyone who has been contributing positively and constructively over the past month.
Here's to June! (and SegWit)
submitted by SamWouters to Bitcoin [link] [comments]

The bent state of Bitcoin in India.

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.
submitted by paapigudiya to Bitcoin [link] [comments]

Cryptocurrencies are mostly negative as US CFTC Chairman says coders may be liable for predictive event smart contracts

Crypto News
Sources:
https://cointelegraph.com/news/scalability-study-dlt-can-support-daily-trading-volume-of-us-equity-market https://www.coindesk.com/how-savvy-traders-gamed-coinbases-latest-crypto-listing-for-a-35-payday/ https://cointelegraph.com/news/chinese-crypto-exchange-btcc-plans-south-korean-launch-in-november https://www.coindesk.com/monero-to-become-first-billion-dollar-crypto-to-implement-bulletproofs-tech/ https://www.coindesk.com/cftc-official-warns-smart-contract-designers-over-predictive-code/ https://cointelegraph.com/news/indian-internet-blockchain-committee-attracts-reps-from-zebpay-mastercard-microsoft https://cointelegraph.com/news/pantera-capital-exec-cryptocurrency-market-prices-could-increase-tenfold-by-2020 https://www.ccn.com/next-bitcoin-bull-run-will-see-crypto-prices-rise-10x-pantera-cio/ https://www.newsbtc.com/2018/10/17/pantera-exec-crypto-market-close-to-bottom-tenfold-increase-possible-with-scalability/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

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?
submitted by Rancher71 to GameCreditsCrypto [link] [comments]

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

bitcoin #tokensale #blockchain #laneaxis #ethereum #ripple #xrp #dash #bitcoincash #bch #eth #btc #smartcontract #invest #coinbase #coinsecure #zebpay #poloniex #bitterex #finance #blockchaintechnology #cointelegraph #coindesk #newsbtc #hacked #hackernoon #forbes

submitted by Rolibaby to u/Rolibaby [link] [comments]

LaneAxis Virtual Freight update!

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

bitcoin #tokensale #blockchain #laneaxis #ethereum #ripple #xrp #dash #bitcoincash #bch #eth #btc #smartcontract #invest #coinbase #coinsecure #zebpay #poloniex #bitterex #finance #blockchaintechnology #cointelegraph #coindesk #newsbtc #hacked #hackernoon #forbes

submitted by Rolibaby to u/Rolibaby [link] [comments]

LaneAxis Logistics : Smaller Carriers Get More Access to Shippers

Logistics: Smaller Carriers Get More Access To Shippers- Software Could Shift Load for Truckers: http://laneaxis.io/assets/press/Rick-SD-Business-Journal-10-27-16-V2.pdf Find out how LaneAxis will enable all stakeholders in the industry to derive maximum value from operations -

bitcoin #tokensale #blockchain #laneaxis #ethereum #ripple #xrp #dash #bitcoincash #bch #eth #btc #smartcontract #invest #coinbase #coinsecure #zebpay #poloniex #bitterex #finance #blockchaintechnology #cointelegraph #coindesk #newsbtc #hacked #hackernoon #forbes

submitted by Rolibaby to u/Rolibaby [link] [comments]

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)
submitted by Rachel_Claismada to Crypto_Currency_News [link] [comments]

LARGE attack underway by /r/Bitcoin on the bitcoin network!

I was browsing the Bitcoin sub and witnessed the execution of an active attack.
Supporting large retailers to start accepting payments in Bitcoin, heavily increasing the amount of transactions
Supporting governments to start accepting bitcoin transactions
Promotion for increased transactions from India
Promotion of Palestinians using Bitcoins for every single value transaction in their daily lives
Promotion of sending messages even to any random asshole through Bitcoin payments
They are actively trying to increase the amount of transactions on the bitcoin network.
So far, the attack is working! The transaction backlog has gone from 0 to 216 000 transactions in the past 3 weeks.
Something fishy is going on here, and they are all involved: Blockstream, Theymos, Greg, Bitcoin Jesus, all of the users upvoting these kind of attacks.
I don't know where this is going to end, but the outlook is not good guys. Not good.
submitted by Nooku to btc [link] [comments]

India’s Bitcoin Party to End Early?

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.
submitted by aesonbitcoin to u/aesonbitcoin [link] [comments]

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

Extended Summary:

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.

Stats For Nerds:

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Zebpay Cryptocurrency Exchange - YouTube How to BUY Bitcoins Using ZEBPAY APP  [TELUGU] Zebpay to Give Bitcoin Cash/ Are you ready for Free Money. Earn Money Using Bitcoin  Buy and Sell Bitcoins Using ZebPay App  By Technical Foundation Bitcoin Zebpay Buying & Selling Rates Difference, Bitcoin in Hindi

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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Zebpay Cryptocurrency Exchange - YouTube

How to claim free bitcoin cash on Zebpay exchange - Duration: 7:29. Earn With RK 19,111 ... How to increase your value as a person-Jim Rohn - Duration: 41:09. Impact Mindset Recommended for ... Earn Money Using Bitcoins Buy and Sell Bitcoins Using ZebPay App Withdraw and Deposit Bitcoins Easily Technical Foundation ZebPay App Link : http://lin... With a clean, intuitive interface, Zebpay is a secure crypto exchange trusted by over 3 million people worldwide. Zebpay is the easiest way to buy and sell Bitcoin, Ethereum, Ripple, EOS and many ... Hi Friends, In this video I have explained how to install the ZEBPAY app and use it. This is a India BITCOIN wallet and easy to use with our smart phone. Bel... DISCLAIMER- These videos are for Information , Education and Entertainment Purpose and my personal Opinion . None of them should be considered as Investment Advice or Suggestion. Thank you for ...

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