Indian police begin probe into alleged $270K cryptocurrency exchange scam

Indian police begin probe into alleged $270K cryptocurrency exchange scam

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Another cryptocurrency scam in India has reportedly duped investors of hundreds of thousands of dollars.

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Source: icryptodesk.com

Author: admin


Canada’s first regulated crypto exchange Wealthsimple Crypto goes live

Canada’s first regulated crypto exchange Wealthsimple Crypto goes live

Wealthsimple Crypto, the first regulated cryptocurrency exchange in Canada, is rolling out its trading platform to the public today.

At the launch, Wealthsimple Crypto will allow users to buy and sell Bitcoin (BTC) and Ether (ETH) through the platform’s mobile app. Deposits and withdrawals can only be made in Canadian dollars,

The public launch of Wealthsimple Crypto comes shortly after the company received regulatory approval from Canadian securities regulators on Aug. 7. To date, Wealthsimple Crypto is the only crypto asset platform that has been authorized to operate in Canada by the Canadian Securities Administration (CSA), a representative told Cointelegraph.

Prior to public launch, Wealthsimple Crypto was available in beta, allowing Canadians to join a waitlist to be invited to use the platform. According to Wealthsimple’s representatives, more than 130,000 Canadians joined the waitlist so far.

Wealthsimple will not hold any cryptocurrency assets in its own hot or cold wallets. Blair Wiley, Wealthsimple’s general counsel, says that the crypto custody service on Wealthsimple is provided by Gemini, a major United States-based digital asset platform founded by Cameron Winklevoss and Tyler Winklevoss.

According to Wiley, collaboration with Gemini is one of the factors that contributed to Wealthsimple Crypto becoming regulated in Canada. The exec previously said that trying to offer too many services can be an impediment to becoming a fully regulated exchange, stating:

“Probably the simplest explanation is that folks who came before us tried to do everything — buy and sell crypto for clients, operate an exchange, hold onto the crypto that clients buy […] And each one of those activities has its own long list of regulatory requirements. If one business tries to do all that, it makes getting regulatory approval a lot harder.”

Based in Toronto, Wealthsimple is a Canadian online investment management service focused on millennials. The company announced its plans to offer crypto trading in July 2020.

Source: bitcoindoors.com

Author: by admin


Canada’s first regulated crypto exchange Wealthsimple Crypto goes live

Canada’s first regulated crypto exchange Wealthsimple Crypto goes live

canada’s-first-regulated-crypto-exchange-wealthsimple-crypto-goes-live

Winklevoss brothers-founded Gemini powers the first regulated crypto exchange in Canada.

Wealthsimple Crypto, the first regulated cryptocurrency exchange in Canada, is rolling out its trading platform to the public today.

At the launch, Wealthsimple Crypto will allow users to buy and sell Bitcoin (BTC) and Ether (ETH) through the platform’s mobile app. Deposits and withdrawals can only be made in Canadian dollars,

The public launch of Wealthsimple Crypto comes shortly after the company received regulatory approval from Canadian securities regulators on Aug. 7. To date, Wealthsimple Crypto is the only crypto asset platform that has been authorized to operate in Canada by the Canadian Securities Administration (CSA), a representative told Cointelegraph.

What cryptocurrency will become the main one in a year?
BitcoinEthereum

Prior to public launch, Wealthsimple Crypto was available in beta, allowing Canadians to join a waitlist to be invited to use the platform. According to Wealthsimple’s representatives, more than 130,000 Canadians joined the waitlist so far.

Wealthsimple will not hold any cryptocurrency assets in its own hot or cold wallets. Blair Wiley, Wealthsimple’s general counsel, says that the crypto custody service on Wealthsimple is provided by Gemini, a major United States-based digital asset platform founded by Cameron Winklevoss and Tyler Winklevoss.

According to Wiley, collaboration with Gemini is one of the factors that contributed to Wealthsimple Crypto becoming regulated in Canada. The exec previously said that trying to offer too many services can be an impediment to becoming a fully regulated exchange, stating:

“Probably the simplest explanation is that folks who came before us tried to do everything — buy and sell crypto for clients, operate an exchange, hold onto the crypto that clients buy […] And each one of those activities has its own long list of regulatory requirements. If one business tries to do all that, it makes getting regulatory approval a lot harder.”

Based in Toronto, Wealthsimple is a Canadian online investment management service focused on millennials. The company announced its plans to offer crypto trading in July 2020.

The post Canada’s first regulated crypto exchange Wealthsimple Crypto goes live appeared first on BTC Ethereum Crypto Currency Blog.

Source: cryptomoneyteam.co

Author: By TeamMMG


A New Social Contract for the Digital Age

A New Social Contract for the Digital Age

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Source: www.cryptonixs.com

Author: Published 22 hours ago on September 22, 2020

By Cryptonix


How BTC Held On Exchanges Matches Bitcoin’s Deadliest Drop Yet

How BTC Held On Exchanges Matches Bitcoin’s Deadliest Drop Yet

Several signs indicate that Bitcoin is potentially on the brink of a new bull market, and much higher prices are ahead. However, one seemingly bullish sign that investors are preparing for mark up, is actually at the same level as just prior to the collapse to the cryptocurrency’s bottom.

Are looks this deceiving, and Bitcoin is about to take a similar plunge once again? Or is this potentially bullish signal the first real indication that the bull run is here?

Although Bitcoin is valuable to different people for many different reasons, chiefly, the asset’s valuation is derived from its digital scarcity.

Valuation models like the stock-to-flow method look closely at the total BTC supply in relation to where it is in the asset’s market cycle and each block reward halving. This theory suggests that as the supply is reduced, demand rises, and so do prices.

In advance of this expectation, crypto investors, particularly whales, have been moving their BTC off of exchanges and into privately owned wallets either through cold storage or on the web.

The crypto community has been high fives all around since this first began starting on Black Thursday, believing its a sign that more and more investors are holding for the long haul.

But, this metric measuring how much BTC is held on exchanges is currently the same exact level that led to the November 2018 plummet to Bitcoin’s bear market bottom.

If moving BTC off exchanges is a sign of a bull run beginning, then why did this level in the past trigger such a selloff?

According to blockchain data from glassnode, reported by Arcane Research, the total sum of BTC held on exchanges totals 2.57 million Bitcoin.

And while this is indeed a decrease of 375,000 BTC since Black Thursday, the total number matches November 2018, just as Bitcoin fell to its bear market bottom of $3,200.

btcusd bitcoin exchange november 2018

BTCUSD November 2018 Versus September 2020 Same Bitcoin Exchange Supply | Source: TradingView

Could Bitcoin be about to take a similar plunge, or is this time different? For one, the last time the crypto asset held on exchanges reached this total, it was on the way up as more and more investors moved the asset to exchanges to sell it.

This time around, the metric is coming back down, suggesting a pattern of holding behavior. Arcane Research notes that as many as 100,000 BTC has moved into the Ethereum protocol, which explains at least a quarter of the outflow.

While this very well does match up with a level that led to a histric collapse in the past, the fact the stastic is falling not climbing could indicate that investors are indeed expecting higher prices. And with less BTC sitting on exchanges ready to be sold, the fewer chances exist for weak hands to panic sell at the first sign of danger.

Featured image from DepositPhotos, Charts from TradingView and Arcane Research

Source: bitcoinslate.com

Author: admin


PayBito Experiences Record Sign-ups Post Referral Program Launch in India

PayBito Experiences Record Sign-ups Post Referral Program Launch in India

Global cryptocurrency exchange PayBito experiences a record number of sign-ups across India after they introduced their referral program for the users in the region.

The leading cryptocurrency exchange PayBito, revered for its innovative trading features, has grabbed itself the top spot among exchanges that are active in India. The digital assets trading platform has experienced a record number of sign-ups in the past month after the referral program was introduced to the traders in the region for availing. The accession in exchange registrations and trading volume surges attests to PayBito‘s popularity and influence in the growing Indian crypto industry.

“We are elated by the registration, and trading response from Indian users on our platform since we resumed operations after the ban of crypto trading was lifted. We are in the process of introducing more engaging and innovative features for the trading ease of the users and ensure that they can maintain a good profit margin through good crypto prices and availability of trading pairs”, commented Raj Chowdhury, Managing Director of PayBito.

PayBito’s refer and earn program allows the traders to get rewarded in the form of crypto assets every time they refer someone to the trading platform. Each user is given a referral code, which they can provide to their friend, family or acquaintance when the later in registering on the platform.

During the registration or sign-up, when the user mentions the referral code, crypto credits are awarded to both users. The reward gets automatically credited to their wallets. It is not only a great way to enable the traders to gain extra credits but also helps in urging more people to trade cryptocurrency. The program was initiated in an attempt to accelerate the mainstream adoption of cryptocurrency by incentivizing the trade of crypto assets. As of yet, PayBito’s referral program has garnered recognition among users across multiple geographies.

-About PayBito:

PayBito is a leading cryptocurrency asset trading platform operating globally. The platform is designed and managed by a team with rich experience in Banking security systems, Cryptocurrency trading, and Blockchain technology. It is available in the web version as well as in iOS and Android stores. PayBito services include white label cryptocurrency exchange, white-label payment gateway, exchange affiliate, and coin listing. PayBito offers some of the best rates and top-notch security in the crypto world.

For the original version on PRWeb visit: https://www.prweb.com/releases/paybito_experiences_record_sign_ups_post_referral_program_launch_in_india/prweb17410336.htm

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Source: otcpm24.com

Author: PALO ALTO, Calif. (PRWEB) September 22, 2020


Indian police begin probe into alleged $270K cryptocurrency exchange scam


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