Author: Fintech Crypto News

July 5 is Here! What are the Alternate Options for Indian Crypto-Traders and Crypto-Exchanges?

After the Supreme Court’s refusal to put a stay on the RBI ban on cryptocurrency activities in India, several options are being offered by crypto-exchanges and crypto-enthusiasts to stay afloat till the final Supreme Court hearing on July 20th. In the judgment by the Supreme Court, the RBI was requested to re-consider the arguments made by crypto-exchanges; the Indian crypto-exchanges described how other jurisdictions are accepting cryptocurrencies and also enumerated several routes for handling digital assets. Indian exchanges either offer a switch to crypto-to-crypto trade or request their customers to withdraw their cash. In the meantime, holders of cryptocurrencies...

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More than $40 Billion Gained in the Cryptocurrency Market Within 48 Hours!

Major digital assets like Bitcoin, Bitcoin cash, Ripple and Ether have gained about 5-10 %. On July 3, the best performance in price rise was recorded in Ripple, Bitcoin Cash, EOS and Cardano. Cardano showed a daily increase of 16 % and EOS, a rise of 13%. The volume of Bitcoin hit a $4.6 Billion and the volume of Ether rose to $1.7 Billion! Bitcoin Cash and Ripple doubled in volume since the last week. This week, the cryptocurrency market maintained 2 stable days of surge price; making analysts optimistic about the general trend of digital assets. The volume...

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Breaking! Indian Supreme Court does not grant temporary stay on RBI circular for cryptocurrency dealings

In a hearing in response to a writ petition by the IAMAI today, the Supreme Court did not grant a temporary stay on the RBI circular that was released on April 6th. The circular mandated that all banks must exit relationships with individuals or entities that deal with cryptocurrencies by the 5th of July. Mumbai company Kali Digital had filed a petition in the HIgh Court against the RBI calling the move “unconstitutional”. The petition was then backed by several other Indian crypto-companies. With the July 5th date approaching, the Internet and Mobile Association of India had filed a...

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Blockchain Technology Will Bolster Online Journalism

Online journalism suffers from the decline of traditional advertising models and the increasing number of clickbaits and fake news. Clickbaits are links surreptitiously placed on web pages to lead end users to particular websites. These current trends led to the dwindling of trust and public acceptance of online media. Thanks to blockchain technology, online publishers now have a chance to strive for viewers’ trust. The technology could also have a solution to online journalism funding. A micro-payment ecosystem is being considered which wasn’t practical before the widespread use of blockchain technology. Micro-tipping, a new payment model, is now possible...

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Indian Women are Powering Ahead in Cryptocurrency Investments in India

According the data on BuyUcoin, a cryptocurrency exchange in India, female investors in India invested more than INR 1, 40,000 or $2,000 in digital currencies on an average. The amount is twice the amount men usually spend on cryptocurrencies. The data is taken from a survey conducted between March and June and involved 60,000 respondents. Shivam Thakral, the CEO of BuyUCoin stated – “Usually, woman investors who are buying or trading are over 40 years of age. Therefore, typically these mature investors are able to put in more money. On the other hand, more men start investing at an...

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