BitcoinAll comment: Just buy bitcoin from lower rate from them. Transfer your bitcoins to your unocoin or zebpay. And get an additional profit of the difference of prices. Example: Buy btc @760. Join the conversation!
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.
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.
How can I use bitcoin to send money from USA to India? (~$20k) [xpost from r/BitcoinBeginners]
I have heard that bitcoin can save me lot of fees as compared to conventional money transfer services. Please enlighten me if it is right! Also, the receiving party is my family and knows nothing about bitcoin. They must receive the money in their bank account.
As per usual the 3 months has been all hand-on-deck, helping to bring further adoption utilities to Groestlcoin. The markets have been red but as always that doesn't stop the show from going on with regards to the development since the last release update on 24th September. Here's a recap of what has happened so far:
Recap:
Groestlcoin was added to Changelly. One of the leading Crypto-to-Crypto exchanges that offer some of the best rates on the market – You can also buy with a debit/credit card too and you can buy/sell Groestlcoin directly from your Coinomi wallet, from the website https://groestlcoin.org#exchanges, and you can enable Changelly swaps on your GRSPay stores!
Groestlcoin was added to the JAXX Liberty wallet! One of the leading multi-crypto wallets in the stores. Safely store your GRS on Android, iOS, Mac OS X, Windows, Linux or Google Chrome. With Jaxx Liberty you are always in control of your private keys, and you can use your wallet on multiple devices. Note: This directly replaces the deprecated JS Wallet which was of a similar (but older) codebase.
Groestlcoin was integrated into AtomicPay – A decentralised cryptocurrency payment processor that eliminates the involvement of a third-party gateway, allowing merchants to accept payments directly from their customers, with over 2500 merchants already signed up, a public release is set for Mid-January 2019.
Huobi officially opened trading for Groestlcoin to Korean customers! And in addition, a giveaway of up to 10,000 GRS was held!
Unocoin ATMs started supporting Groestlcoin at their ATMs, granting the Indian community the ability to withdraw (For INR) and deposit Groestlcoin into their UnoDax account. Groestlcoin $GRS is available on #Unodax exchange with the following pairs: $INR, $TUSD, $BTC.
Groestlcoin was listed on SWFT BLOCKCHAIN, giving you more opportunities to swap your other altcoins with Groestlcoin or vice versa, quickly and securely.
Groestlcoin was added to One Page Exchange! Where you can buy and sell Groestlcoin quickly and easily without any form of registration!
CryptoWolf started accepting VISA, Mastercard and Maesto to buy cryptocurrencies from the CryptoWolf exchange in EUR or USD! Providing a new FIAT gateway to buy Groestlcoin.
Groestlcoin has been added to CoinZark (Formally VertPig) for fast and efficient Crypto-to-Crypto swaps at very competitive rates using exchange aggregates.
Groestlcoin was added to PungoWallet! Pungo wallet is built to showcase the features that anyone can achieve with blockchain technology. They have built a set of modular solutions that allow any company to build a blockchain layer to interact with traditional software.
Groestlcoin was added to StealthEX, offering anonymous cryptocurrency swaps with tens of other coins without disclosing any personal information. Just choose the pairs, enter your address, send your coins and receive your funds!
Groestlcoin joined InvestFeed, granting a company listing and blue verified badge.
Groestlcoin was officially added to Blockfolio Signals – For those of you that use Blockfolio, you can keep updated with all the latest news straight from the app, via the Signals icon.
Groestlcoin has been added to DeltaDirect – Those using Delta can now stay up-to-date with the latest Groestlcoin news, straight from your Delta portfolio tracker app.
Groestlcoin has been added to CoinGecko Beam – Where you can easily follow us and receive updates without searching through social media.
Groestlcoin is now live on BitUniverse Link! All of the latest Groestlcoin updates and news will be directly available on BItUniverse.
Groestlcoin was added to NovaExchange! Launched in 2016 and operating from Sweden, users can trade over 300 different digital assets.
It come to light that the new Baikal BK-G28 supported the Groestl algorithm, after great lengths of discussion, the core development team decided to not fork away from these ASICs for the near future. If you missed it, a full statement on the subject can be found here: https://medium.com/@groestlcoin/groestlcoin-asic-statement-953f47baee98
What’s New Today?
Groestlcoin on Trezor Model T
As of the latest version of the Trezor Model T firmware, Groestlcoin is now officially supported! The Trezor Model T is the next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence. The Trezor Model T now supports over 500 cryptocurrencies.
Blockbook MainNet & TestNet Block Explorer
Blockbook is an open-source Groestlcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by groestlcoind RPC. Blockbook REST API provides you with a convenient, powerful and simple way to read data from the groestlcoin network and with it, build your own services.
Features:
Support to broadcast transactions online. Broadcast a raw transaction in hex format over the Groestlcoin network.
Supports every web browser
API – Complete REST and Websocket API for querying blocks, transactions and addresses; and receiving live updates
Light – Thin data model using groestlcoind RPC interface to validate blockchain information. Fast groestlcoind blockchain synchronisation (~1hrs for the entire mainnet), using RocksDB for data storage and optionally raw groestlcoind data files processing.
Exhaustive – Reports on double spend attempts, outpoint confirmations, outputs spend status reports. Input and Output hyperlinks in transactions. Extended view in transactions to show advanced details.
Open Source, written in the Go programming language.
Groestlcoin has been added to the Edge wallet for Android and iOS. Edge wallet is secure, private and intuitive. By including support for ShapeShift, Simplex and Changelly, Edge allows you to seamlessly shift between digital currencies, anywhere with an internet connection.
Features:
Multi-Asset Support. Supporting Bitcoin, Ethereum, Groestlcoin and many others, you can safely hold your coins.
Exchange Support – Supporting Shapeshift, Simplex and Changelly enables the user to seamlessly shift between digital currencies as if you were storing your funds on an exchange.
In-app buying and selling, exchange your FIAT for cryptocurrency directly within the app.
Encrypted with a username and password. Seamless login into multiple devices.
Easy, secure access with PIN or fingerprint. Additionally, supporting 2FA authentication.
Client-side encryption – All of your data is encrypted on your device before any of your information touches the Edge servers. Being free from server-side hacks and malware means that your assets are as secure as they can be.
We are excited to announce that Groestlcoin has been added to CoinID! With integrated cold and hot wallet support, and a host of other unique wallet features, CoinID can easily become your go-to wallet for storing Groestlcoin. More details can be found here: https://coinid.org/s/groestlcoin-wallet-overview.pdf
Features
Integrated Cold wallet. Store your funds offline and sleep tight at night. All you need is a separate Android or iOS device.
Transaction Batching – A feature normally reserved for exchanges, CoinID supports transaction batching, allowing the user to group transactions into one, saving space on the blockchain and lowering your transaction fees considerably as a result.
Complete control – Your private keys never leaves your device. "If you don’t control your private keys, you don’t own your coins".
SegWit support – Support for Segregated Witness, which means smaller transaction sizes, lower fees, and supporting all 3 address types (grs1, 3, F).
Hierarchical Deterministic – Use a single set of keys for multiple coins and addresses. When an address is used, a new one is generated.
Cross-Platform – Built with React Native for rapid development cycles and cross-platform support.
The Groestlcoin BIP39 tool is an open-source web tool for converting BIP39 mnemonic codes to addresses and private keys. This enables the greatest security against third-party wallets potentially disappearing – You’ll still have access to your funds thanks to this tool. What’s New
Added Coinomi, Ledger Client, Groestlcoinomi, Trezor, Safe T, Core, Groestlpay and Samourai to BIP32 Tab
Added BIP49 support
Add BIP38 support
Add CSV tab for derived addresses
BIP84 tab for derivation path
Display version number in top right corner
Groestlcoin ticker is now also displayed
Refactor method to clear old data from the display
BIP44 ‘purpose’ and ‘coin’ fields have been made read only
Tab Order is now alphabetical
Improve showing feedback for pending calculations
Show error when using XPUB with hardened addresses
Rename variables for clarity between BIP49 and P2WPKH Nested in P2SH
QR Codes use correctLevel 3 instead of 2
Update compile script to work across python 2 and 3
Add BIP49 to More Info section
Reword entropy text to indicate using a single source only
Detect and warn when entropy is filtered / discarded
Use new xpub/xprv prefixes for Segwit BIP49
Allow more rows to be generated starting from a custom index
BIP141 tab added for full Segwit compatibility
Show list of word indexes. Checksum shows in entropy details
Populate entropy field with hex value used from PRNG
QR codes with accents now work correctly by replacing jquery.qrcode with kjua
Allow initial number of rows to be set by the user
Raw entropy shows groupings with space every 11 bits for easier usage
Warn that entropy values should exclude checksum
Warn when generating low entropy mnemonics
Warn when overriding weak entropy with a strong mnemonic length
Allow XPUB to be used as root key for Segwit derivations
Add visual privacy safeguard. List alternative tools
Update bootstrap from 3.2.0 to 3.3.7 and jQuery from 2.1.1 to 3.2.1
GroestlcoinJS library upgraded to v3.3.2
General code refactoring, numerous performance improvements and bug fixes
Electrum-GRS is a lightweight "thin client" Groestlcoin wallet Windows, MacOS and Linux based on a client-server protocol. Its main advantages over the original Groestlcoin client include support for multi-signature wallets and not requiring the download of the entire block chain. What’s New
HARDWARE WALLET SUPPORT: Archos Safe-T Mini is now fully supported
Electrum + Android Version 3.2.3:
If a BIP39 seed extension/passphrase contained multiple consecutive whitespaces or leading/trailing whitespaces, then the derived addresses were not following spec. This has been fixed, and anyone affected should move their codes. The wizard will show a warning in this case.
The PRNG used has been changed
Fix Linux distributable, ‘typing’ was not bundled and was required for Python 3.4
Fix spending from Segwit multi-sig wallets involving a Trezor co-signer when using a custom derivation path.
Several other minor bugfixes and usability improvements.
ivendPay and Groestlcoin cryptocurrency have announced the start of integration. IT company ivendPay, the developer of a universal multicurrency payment module for automatic and retail trade, intends to integrate Groestlcoin cryptocurrency — one of the oldest and the most reputable Bitcoin forks into the payment system. Groestlcoin is characterized by instant transactions with almost zero commission and is optimal for mass retail trade where micropayments are mostly used. According to Sergey Danilov, founder and CEO of ivendPay, Groestlcoin will become the 11th cryptocurrency integrated into the payment module. The first working vending machines for the sale of coffee, snacks and souvenirs, equipped with ivendPay modules, served the visitors of the CryptoEvent RIW exhibition at VDNKh in Moscow and accepted Bitcoin, Go Byte, Dash, Bitcoin Cash, Ethereum, Ethereum Classic, Zcash, Bitcoin Gold, Dogecoin and Emercoin. ivendPay terminals are designed and patented to accept payments in electronic money, cryptocurrencies and cash when connecting the corresponding cash terminal. Payment for the purchase takes a few seconds, the choice of the payment currency occurs at the time of placing the order on the screen, the payment is made by QR-code through the cryptocurrency wallet on the smartphone. The interest in equipping vending machines with ivendPay terminals has already been shown by the companies of Malaysia and Israel, where first test networks would be installed. ivendPay compiles a waiting list for vending networks interested in buying terminals and searches for an investor to launch industrial production. According to Sergey Danilov, the universal payment terminal ivendPay for the vending machine will cost about $500. The founder of ivendPay has welcomed the appearance of Groestlcoin among integrated cryptocurrencies, as it is another step towards the realization of the basic idea of digital money - free and cross-border access to goods and services for everybody.
XRP Wallets You need 20 XRP to activate an XRP wallet. Fees can be changed by the validators through the voting process. The reserve requirement protects the XRP Ledger from spam or malicious usage.
When you are sending XRP to an exchange, destination tag is very important. Destination tag is not needed when you transfer XRP to your own wallet address.
● XUMM by XRPL Labs | Developers XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
Tools Check XRP wallet balance - Bithomp | Graph | Transactions Print raw information about an account, a transaction or a ledger - RPC Tool
Exchanges The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC. Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR. You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
My journey from being a crypto naive, to making a Custom Crypto Exchange, which anyone can integrate in their platform with ZERO CODE.
Here is my real case study about, giving every, website ownebloggers/e-commerce Entrepreneur the power to accept payment in cryptos, also start there own Crypto Exchange with ZERO code.
About my journey in Building a Crypto Exchange I came into the crypto industry an year back in December 2017, when the price of the Bitcoin reached to the peak value of 20k$.Since then I have explored every technical and non technical aspects around CryptoCurrency exchange, Crypto Exchanges are the backbone of the ecosystem -
Custodial exchanges like Binance are popular around the crypto masses, who keep your cryptocurrencies with them.
Non Custodial Crypto Exchanges like Changelly, Shapeshift, Changenow, N. Exchange, Bittrex, Evercoin etc. who functions as instant exchanges and do not store your currencies, you store them in your wallet, and exchange coins from wallet to wallet.
There are Decentralise exchanges like IDEX, Ether Delta etc which are completely decentralised with no manual intervention in between.
All the above 3 types of exchange offer crypto trading with various rates, for example on Binance you can get 1BTC = 24.9 ETH, whereas on a decentralised exchange you can get 1BTC = 30.1ETH
We built an Crypto Exchange and aggregated all the above 3 types of exchanges in one single platform called CoinSwitch Cryptocurrency exchange
We provide 400+ Cryptocurrencies on our platform, whereas customers can trade currencies at the best rates offered by many leading exchanges.
IDEA, Building Custom Crypto Exchange -
Crypto is reaching out to the masses, and many leading websites like PornHub have integrated crypto payments in there website.
We wanted to provide every small e-commerce owner, blogger, website owner, to have a crypto exchange, integrated into there platform.
Therefore we built Custom Crypto Exchange which can be integrated in any website with ZERO Code,coinswitch[dot][co/tools], therefore you can monetise your website.
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.
Every week a butter visits india telling the bovine creatures that populate it, why they are missing out on buttcoins. This week's butter acknowledges that state of affairs of butts in India.
And Im not talking about middle men like "Zebpay" and "Unocoin" - Bitcoin was invented to cut these middlemen out of the chain, yet these are the ones who are profiting selling BTC to Indians at a 25% markup price and taking a hefty commission.
And then goes on to mislead people saying-
Many businesses are already hedging their funds vs BTC or investing part of their profits into BTC and the growth of 2500% since 2015 will only make more companies turn to BTC.
When questioned about transaction time
Fake information. Set the transaction fee correctly and it gets confirmed in 10 minutes. Thats a fraction of the time a bank transfer from US to India takes.
The threat of butts
IMF wants the richest 1% to remain rich, the rest on the world to be poor and unfortunately you like 95% of the populace are buying into it blindly. IMF/World bank etc acknowledge BTC's threat to standard banking models that exist primarily thanks to people's fear of storing their own money. Bitcoin removes this fear, has caused massive change in the way banks function worldwide; Yet Indians are still happy to pay SBI a freaking ATM Withdrawal - absolute joke.
The Japanese
Majority of Japan's population are fast switching over to Bitcoin instead of putting money into Japan's banking system which offers interest rate at 4%... guess what is India's bank interest rate? 4%, but you will blindly trust banks and wait for another Modi to wipe out more of your freedom by demonetization.
And there's quite of bit of delusional thinking
If the bubble bursts and I am sure it will, it will weed out the weak hands and leave the market stronger than ever. BTC is $2500 today, how much can it burst, even if it goes all the way down to $500 it will rise up again, like all strong technologies do.
“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.” – Pieter Wui (66 points, 14 comments)
456 points: PragmaticParadox's comment in Anti-crypto propaganda... promoted by American Express
387 points: uglymelt's comment in ⚡Lightning Network at the Senate - Counterargument to Roubini's speech that Bitcoin can never scale to serve the planet
377 points: UsherTechs's comment in When your boss thanks you for staying late at work but you were just watching the Bitcoin price and lost track of time
342 points: isdudu's comment in Anti-crypto propaganda... promoted by American Express
307 points: TyroneTheDriver's comment in Anti-crypto propaganda... promoted by American Express
276 points: andycam7's comment in Why sell and pay capital gains, why not wait for mass adoption? That's my motto.
275 points: dmdeemer's comment in Someone just paid $0.10 to move $194M (29,999 BTC). Think about how powerful that is for a second.
Guys suggest this newbie a good place to buy btc in India.
The thing with zebpay and unocoin is they are charging a lot extra when compared to international bitcoin rates. Coinsecure was somewhat cheaper [still expensive than the international market ] but is now overloaded and slow like a snail. I knew about luno wallet but it has stopped selling bitcoins. Heard of a website called coinmama from a friend that accepts credit cards , tried to use my hdfc cc to buy btc worth 150$ but the payment got declined with an error "issuer declined the request" . Guys what are my options? I am clueless and a complete noobie when it comes to BTc.
Cryptocurrency Market - The Biggest Trends to watch out for 2018-2025
New market research study provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Global Cryptocurrency Industry. Cryptocurrency is a digital currency which operates on cryptographic techniques to complete safe transaction. Being decentralized with no governing body/central body involved in verifying transaction, secured protection and producing new currencies are projected to be the major reason for the market growth over the forecast period. Moreover, cryptocurrency’s community which include miners/stakers, developers, service providers, users etc. drive the governance of cryptocurrencies. The positive feedback loop has made the community more homogenous. Globally, cryptocurreny has been selected as digital payment method for the future financial world. These convenient currencies are completely digital requiring online transaction unlike physical cash. Hustle free transaction and deduction in entire ownership cost are few key features propelling the industry. Major drivers include authentication, ease of transaction, complete security, faster international transaction are expected to spur the market growth with steady performance. Moreover, the industry has not been confined with government rules, exchange rates, interest rates or international transaction fee, hence, making the currency more convenient for application. The currencies can also be transferred digitally via devices such as smartphones, since they are completely unrestricted from any centralized bank/authorities. Vendors and consumers prefer virtual money for making payments, henceforth, creating new opportunities for the market growth. Get PDF with Technological trends athttps://www.xpodenceresearch.com/Request-Sample/105813 Tax-free & compliance-free transactions, lesser chances of identity theft & fraud and negligible fee charged for cryptocurreny transaction are few other key elements augmenting the industry growth over the forecast period. Moreover, lack of awareness among the people and stringent rules and regulations for application of robots in various countries is expected to restrain the market growth. The emerging industry is projected to grow over the forecast period with more public awareness and continuous increase of new market players with innovative product/services. The market has been segmented into type of currency, mining types, and application. The type of currency segment includes Bitcoin, Litecoin, Ethereum, Ripple, and others. Mining type is segregated into solo and pool mining. The application segment includes banking, real estate, stock market and virtual currency. Other application for the market includes retail sector, gaming industry, education, logistics & transportation, BFSI, tourism sector, media and entertainment industry. BFSI is expected to acquire the major share followed by retail sector operating on cryptocurrencies. The cryptocurrency mining hardware includes Central Processing Unit (CPU) mining, Graphics Processing Unit (GPU) mining, Field-Program Gate Array (FPGA) mining, and Application-Specific Integrated Circuit (ASIC) mining. ASIC mining can calculate 10,000 times faster than conventional CPU mining. Increasing acceptance and potential growth for this industry have attracted various small vendors globally for competing in the market. Apart from Bitcoin, Litcoin has also gained prominence in the market over last few years, there are plenty of vendors in the market namely as Litecoin, Namecoin, Novacoin, Peercoin, Ripple, Steller, Primecoin, Megacoin, and many others. Geographically, the market is expended across North America (U.S., Mexico, and Canada), Europe (UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and MEA (Middle East, Latin America, and Africa). North America region dominates the market owing to the regulations offered by the government. Brazil and Canada are other major regions using cryptocurreny due to rules and regulations Obtain Report Details with technological advancement athttps://www.xpodenceresearch.com/Reports/Cryptocurrency-Market Key market players include Intel Corporation, Microsoft Corporation, Xilinx, Inc., NVIDIA Corporation, 21 Inc. AlphaPoint Corporation , Amazon.com, Inc., Advanced Micro Devices, Inc, BTL Group Ltd.(Blockchain Tech), BitGo, BitFury Group , Coinbase UK, Ltd. Coinsecure, Unocoin, Coinbase, Bitstamp Ltd., Zebpay,, Poloniex Inc., Bitfury Group Limited, Global Area Holding Inc., Digital Limited, IBM Corp, are the other niche players. About Us: Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe. We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements. The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. 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At this moment bitcoin rate is $6800..but when we observe bitcoin rates on zebpay, unocoin it is 5.01 lk($7700). So the difference is of $900. Is this justified?
The following post by makemoneyway is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7c7zwz The original post's content was as follows:
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Central Banks Are Driving Many to Cryptocurrencies
This is the best tl;dr I could make, original reduced by 78%. (I'm a bot)
After the Fed's rate hike this week, Bitcoin and alternative cryptocurrencies, such as Ethereum and Dash dropped in value instantly. Following the demonetization of the 500 and 1,000 rupee banknotes in November of last year, the price of Bitcoin on India's largest Bitcoin exchange, Unocoin, shot up to $818 while American exchanges quoted the exchange rate as $709 per Bitcoin. Contrary to popular belief that Bitcoin is deflationary, the currency currently has an annual inflation rate of approximately 4%. The reason that Bitcoin allows investors to hedge the expansionary monetary policies adhered to by central banks is because the demand for Bitcoin is growing at a pace that is higher than the increase in the supply of Bitcoin. Satoshi modeled the flow of new Bitcoin as a Poisson process, which will result in a discernible inflation rate compared to the stock of existing Bitcoin by 2020. If the economy cannot handle the increase in rates, and the Fed is forced to reverse their decision, the price of Bitcoin and other cryptocurrencies are likely to respond positively. Negative interest rates in Europe and fiat demonetization in developing countries are still driving demand for Bitcoin and alternative cryptocurrencies.
I think this company is cheating the customers by not allowing them to sell their btc in higher rate.Today is 8 April 2017, current price which showing on bitcoinity.org is $1191.2 and if I talk about other companies like zebpay ,coinsecure or unocoin their selling and buying price is touching to 80,000INR but if i compare the same with btcxindia.com they are showing last trade Price:65000INR there is not much fluctutation in the price however it should go above 75000 as i am monitoring them from more than week. Other websites are increasing the price but they are not.There is something wrong with this website.I need to take certain action against them.
As far as adoption goes, Bitcoin follows a familiar pattern. Populous, first world countries in North America, Europe and Asia were first to catch Bitcoin fever, the first to establish exchanges and the first to begin restricting them as well. While early Bitcoin trading in these countries was largely boundless, allowing for things like margin trading and high leverage, as more of each country’s fiat money moved into Bitcoin, governments and central banks began to draw lines. The market witnessed a pointed example of such “no more nonsense” regulation as recently as a few days ago in South Korea. Following China’s example, the country decided to limit ICOs and no-fee exchanges, which had until that point been an enormously speculative influence in the altcoin markets. However, no matter the increasing rate of adoption and regulation around the world, Bitcoin always manages to find its “Wild West” somewhere new. Bahrain Bahrain wants to be known as more than a place of oil wealth. The country is moving quickly towards adopting Blockchain technology, which would naturally place it in an advantageous position regarding Bitcoin as well. The Chief Executive of the country’s Economic Development Board, Khalid Al Rumaihi, is working with Bahrain’s finance ministry to make it a “pioneer in the space.” They are even in process of proposing a joint venture with Saudi Arabia and other nearby countries to establish a healthy ecosystem for the area’s official exchanges and other infrastructure. Sweden Sweden is progressive when it comes to their finances. Today, five of the six major banks in the country do not operate with cash, and the vast majority of Swedes use their bank cards for everything. This puts them close to their goal of becoming the first cashless civilization, and they’re looking to Bitcoin to bring them the rest of the way there. They recognize that one of the biggest problems of a digital financial system over a cash one is privacy. Bitcoin fits this need suitably and provides an additional measure of anonymity over alternative cashless solutions. Venezuela After the tragic collapse of all civilization in Venezuela, the value of one Bolivar, the country’s currency, dropped to the same value as one satoshi (or about $0.00004 at current BTC price). Thanks to a scarcity of physical Bolivars and a harried financial system, people are finding themselves handing over buckets of cash just to pay for lunch. Many merchants have taken to accepting Bitcoin and other digital payment methods only. Though it may be out of a frightening necessity rather than voluntary adoption, this may be the first “Bitcoinization” of a sovereign state. India Like Venezuela and Sweden, India is a ripe target for Bitcoin. The country went through a rapid demonetization last year, largely to curb counterfeit operations of their 500 and 1,000 rupee bills and rampant graft, which were funding other illicit activities. The shortage of cash that followed saw Indians react flexibly by depositing their money in bank accounts, though counterfeit versions of the new notes appeared not long after. Bitcoin is a perfect fit, and is beginning to find its niche. As many as 2,500 Indians invest in Bitcoin each day, and there are new partnerships being forged between international cryptocurrency players and Indian platforms like Unocoin. Singapore The Singapore Fintech Consortium is a powerhouse devoted to forming a cryptocurrency network with countries in the Middle East and abroad. To “pave the way for increased interaction between startups in the Middle East and those in Asian markets via Singapore,” the fintech leader has been cutting deals with places like the UAE, Abu Dhabi, and Bahrain to establish a cooperative fintech environment. Japan Though Japan is a major world power, and can hardly be considered an emerging market, the country’s progress in the Bitcoin and cryptocurrency arenas must be praised. Not only has this small, influential island nation made Bitcoin legal tender, it has paved the way for Blockchain innovation more than any other country. Instead of outright bans, the government’s Financial Services Agency has instead created a strict yet fair environment for companies and individuals to trade, operate exchanges, and integrate Blockchain into Japan’s economy. Eleven exchanges, of the more than 50 who have thus far applied, are deemed compliant and are currently in operation.
About Unocoin. Established in 2013, Unocoin operates India’s largest BTC-INR trading platform which enables users in India to transact and store bitcoin. Launched in 2013, Unocoin claims to be India’s first entrant into the bitcoin industry. It operates a bitcoin-Indian rupee trading platform which enables Indians to buy, sell, store, use, and ... PUNE: India’s first cryptocurrency exchange, Unocoin said today that it had raised an undisclosed amount of funding by US venture capitalist Tim Draper’s Draper Associates with participation from XBTO Ventures and 2020 Ventures. This is part of its targeted $5 million Series A round at a valuation of $20 million. Unocoin has previously raised more than $3 million from various investors ... Unocoin intends to grant loans in USDT and in INR to verified users against pledged collateral in bitcoin. USDT is stable coin (1 USDT is pegged to 1 USD) and if the users opt for INR, then it can be withdrawn to their bank account. To sell Bitcoin, you have to enter the amount of Bitcoin you want to sell and send it to the address displayed on the machine screen. Fiat money is dispensed after the transaction is complete. The selling price offered at BTMs is also 5–10% less than the exchange rates.
The IMF + Bitcoin + Negative Interest Rates = Accelerated Worldwide Adoption
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