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Most Popular Cryptocurrencies in India According to Exchanges

March 9, 2019 |

India’s Most Popular Cryptocurrencies According to Exchanges

Several Indian crypto exchanges have shared data with news.Bitcoin.com on the most traded cryptocurrencies on their platforms so far this year. Crypto enthusiasts in India have been buying and selling a wide range of cryptocurrencies despite the central bank’s roadblock which stops crypto exchanges from accessing banking services.

Also read: Indian Government Confirms Cryptocurrency Regulation in Final Stages

BTC

The most-traded cryptocurrency year-to-date on Indian exchanges Wazirx, Coindcx, and Instashift is BTC. On Bitbns exchange, it is the third most-traded cryptocurrency this year. Wazirx facilitated $ 6.5 million worth of BTC trades between Jan. 1 and March 7. Coindcx swapped 792 BTC for its users in the same time period, while Instashift’s BTC trades accounted for 77.76% of its total buy volume and 67.58% of its total sell volume.

India’s Most Popular Cryptocurrencies According to Exchanges

The price of BTC has risen 4.28% year-to-date from $ 3,742 at the beginning of the year to $ 3,902 at the time of this writing. Its market cap currently stands at approximately $ 68.59 billion, which is roughly 51.65% of the total market cap of over 2,000 cryptocurrencies listed on Coinmarketcap.

ETH

ETH currently has the second-largest market cap of approximately $ 14.21 billion. The cryptocurrency is the second most-traded coin on Wazirx, with $ 2 million worth changing hands between Jan. 1 and March 7. It is the fourth most-traded coin on Instashift but did not make the top five coins by trading volume so far this year on Coindcx or Bitbns, according to data supplied to news.Bitcoin.com by the exchanges.

India’s Most Popular Cryptocurrencies According to Exchanges

The price of ETH only climbed 0.86% from $ 134.49 since the beginning of January to $ 135.64 at the time of writing.

XRP

XRP, the native coin of Ripple, is one of the top five cryptocurrencies with largest trading volumes on Wazirx, Coindcx, Instashift, and Bitbns so far this year. It is the third most-traded on Wazirx, with approximately $ 2 million worth of XRP changing hands since the beginning of the year. It is the fourth most-traded coin on Coindcx, with 456 BTC worth traded during the same time period. XRP is also the most-traded coin on Bitbns and the second most-traded one on Instashift, accounting for 9.31% of the latter’s total buy volume and 9.74% of its total sell volume.

India’s Most Popular Cryptocurrencies According to Exchanges

The price of XRP has fallen 12.78% from $ 0.354949 on Jan. 1 to $ 0.309570 at the time of this writing. The coin’s market cap is currently around $ 12.83 billion, which ranks it third highest of all cryptocoins.

TRX

Tron (TRX) ranks among the top five most-traded coins year-to-date on Wazirx, Coindcx, and Bitbns. Since the beginning of the year, around $ 1.7 million of TRX has changed hands on Wazirx and 423 BTC worth of the coin traded on Coindcx. In addition, another crypto exchange, Koinex, revealed on March 5 that TRX was the most popular digital asset of the week for its recently launched service, Express, which is an instant converter for over 200 crypto trading pairs.

India’s Most Popular Cryptocurrencies According to Exchanges

The price of TRX has surged 17.71% since the start of the year, from $ 0.019096 to $ 0.022477. Its market cap is currently $ 1.50 billion.

Last month, China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, began evaluating Tron’s blockchain and ranked it second among the 35 crypto projects it reviewed.

BTT

Newcomer Bittorrent token (BTT) is already among the top five coins traded on Wazirx and Coindcx. The former traded approximately $ 800,000 worth of the coin so far this year and the latter the equivalent of 559 BTC.

BTT began trading on Wazirx last month and quickly became a favorite among traders, the exchange revealed. A factor contributing to its popularity is likely the coin’s monthly airdrop for TRX holders on the 11th of every month, which Wazirx supports. Koinex also announced on Feb. 1 its support for the BTT airdrops.

India’s Most Popular Cryptocurrencies According to Exchanges

The BTT token is expected to be integrated into the Bittorrent platform as a way to incentivize faster downloads. Although the integration has not taken place, BTT’s price has climbed 43.02% from its $ 0.000516 price on Jan. 31 to $ 0.000738 at the time of this writing.

Coindcx also noted that its third most-traded coin this year is THETA and the sixth most-traded is BNB. On Bitbns, ADA, EOS, and NEO also top the list of most traded coins during the same time period.

Currently, the Indian crypto community is waiting for the government to announce its first set of crypto regulations and hoping for the banking ban by the central bank, the Reserve Bank of India (RBI), to be lifted. The supreme court, on Feb. 25, gave the government four weeks to come up with a regulatory framework for cryptocurrencies before it sets a date to hear the petitions against the RBI ban.

Which cryptocurrencies do you like? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only and should not to be considered as trading or investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the trader.


Images courtesy of Shutterstock and Coinmarketcap.


Need to calculate your bitcoin holdings? Check our tools section.

The post Most Popular Cryptocurrencies in India According to Exchanges appeared first on Bitcoin News.

Bitcoin News

CNN

Why ‘justice’ prevailed in 2018, according to Merriam-Webster

December 20, 2018 |

Merriam-Webster has named ‘justice’ its Word of the Year for 2018, after it saw a 74% spike in look-ups compared with 2017 and claimed a central place in public consciousness.
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The best companies to work for in 2019, according to their employees

December 5, 2018 |

Just one employer can lay claim to being in the top five every year on the job site Glassdoor’s annual ranking of the best places to work — and no, it’s not Google. Or Facebook. Or Apple.

That badge of honor goes to Bain & Co., which also has landed in the top spot four times. It’s the 11th year…


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Les Moonves Had ‘On Call’ Employee for Oral Sex According to CBS Investigation

December 5, 2018 |

Les Moonves received oral sex from multiple CBS employees, and even had one at his beck and call for years … according to a network investigation that could end up costing him $ 120 million. CBS hired attorneys who just completed an investigation…

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Boeing Withheld Information on 737 That Crashed in Indonesia, According to Safety Experts and Others

November 13, 2018 |

Boeing withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash, according to safety experts involved in the investigation, as well as midlevel FAA officials and airline pilots.
WSJ.com: US Business

Boeing Withheld Information on 737 That Crashed in Indonesia, According to Safety Experts and Others

November 13, 2018 |

Boeing withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash, according to safety experts involved in the investigation, as well as midlevel FAA officials and airline pilots.
WSJ.com: What’s News Asia

TMZ

Hayden Panettiere Drunk and Frantic According to New Police Report

November 4, 2018 |

Hayden Panettiere answered the door to police last month in an apparent drunk and frantic state after her new beau got into an altercation with his dad … according to cops. TMZ has obtained a police report from the Greenville…

TMZ.com

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

October 7, 2018 |

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

44 percent of those surveyed on crypto Twitter believe the price of bitcoin core (BTC) has a ways to go before finding bottom, while over half of Wall Street and institutional investors seem to believe BTC’s bottom has been reached. The poll was conducted by Fundstrat, comparing the views comprised of 25 Wall Street related institutions against those of 9,500 respondents on Twitter.

Also read: Hong Kong-Based Crypto Exchange Coinex Pays Interest in BCH

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

Fundstrat: Wall Street is Optimistic While the Ecosystem Remains Sour on BTC’s Price

Over the period of a week in late September of this year, Fundstrat conducted a poll between institutional or Wall Street investors and Twitter respondents, who might be considered the broader spectrum of crypto enthusiasts. While not particularly scientific in the strictest sense, and therefore can be interpreted a number of ways, it does provide some counter-intuitive data.

What jumps out to most keen observers of the space is the conclusion Wall Street is more optimistic about BTC prices than crypto Twitter. Fundstrat found 54 percent of Wall Street respondents were fairly sure the world’s most popular cryptocurrency has hit its price bottom. Crypto Twitter, however, over 9,000 strong, was decidedly less hopeful: only 44 percent felt BTC was at bottom, suggesting there might be a ways to go yet. And by the end of 2019, institutions were more likely to predict BTC hitting $ 15,000 (57%) compared to just 40% crypto Twitter’s respondents.

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

Central Banks and Emerging Markets Are Macro Factors Impacting Future of Crypto 

25 institutions received ten questions, while Twitter got a version of those whittled down to just six, eliciting 9,500 responses. More obvious takeaways include how both genres polled agreed ‘macro factors’ impacting crypto going forward are central banks and emerging markets, which ranked 1 and 2 respectively. Institutions, however, view politics as having a greater impact compared to their crypto Twitter counterparts.

Alternative token ripple (XRP) made an appearance within the poll. Of more than a dozen choices offered, nearly six out of ten institutions chose BTC as their favorite. Crypto Twitter picked XRP as their favorite (46%). Curiously, though chosen as its preferred coin, 31 percent of Twitter believes XRP makes the “least sense” of any crypto. No institution chose XRP as their favorite.

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

Other findings of interest include how institutions polled were decidedly bullish on BTC’s price rising, with 57 percent believing it will be between at least $ 15,000 to “the moon” by next year’s end. And should the US economy fall to recession, only 59% of crypto Twitter believed cryptocurrency prices would rise, while institutions remain more optimistic with 72% answering crypto could very well increase in price during economic down times.

Are you optimistic about BTC’s price? Let us know in the comments below. 


Images courtesy of Shutterstock, Fundstrat. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat appeared first on Bitcoin News.

Bitcoin News

Terrorists Prefer Cash to Crypto, According to Congressional Testimony

September 10, 2018 |

Terrorists Prefer Cash to Crypto, According to Congressional Testimony

In prepared testimony given before the U.S. House of Representatives Financial Services Committee, Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies, explained how though terrorists have tried to raise funds through cryptocurrencies, instances are rare to non-existent. Instead, groups seeking to cause mayhem much prefer good, old cash.

Also read: Bitcoin ATMs Targeted by Malware for Sale in Underground Markets

Terrorists Prefer Cash to Cryptocurrency to Fund Efforts

“The good news is that most terrorists, particularly those operating on jihadist battlefields, inhabit environments that are not currently conducive to cryptocurrency use,” Mr. Fanusie clarified for an anxious U.S. Congress Subcommittee on Terrorism and Illicit Finance this week. “They usually need to purchase goods with cash (which is the most anonymous funding method), often in areas with unreliable technology infrastructure. In addition, cryptocurrencies are based on distributed ledger (blockchain) technology, where users’ pseudonymous transactions are recorded for public viewing. This leaves a trail that unsophisticated users may find difficult to obfuscate. However, as digital currency usage grows, such barriers may fall away.”

Terrorists Prefer Cash to Crypto, According to Congressional Testimony

It turns out, Mr. Fanusie is something of a trope killer for crypto. This isn’t the first time he’s disabused Congress of its assumption decentralized digital money is a force for evil. He worked for the better part of a decade at the CIA as a counterterrorism analyst. He routinely had the ears of the US military, White House policy wonks, and law enforcement. He even personally briefed then-President George W. Bush on the spectre of threats as far back as 2008.

“Cold hard cash is still king,” Mr. Fanusie continued, “but jihadist groups are building diverse portfolios. Illicit actors adopt new technologies earlier than the broader public. When paper checks, credit cards, and Paypal each emerged, criminals exploited them early on. There are enough case studies of jihadist groups experimenting with cryptocurrencies to suggest that law enforcement and the intelligence community must prepare for terrorists to try to exploit digital tokens as the technology spreads.”

Terrorists Prefer Cash to Crypto, According to Congressional Testimony

Connection Still a Little Fuzzy; Job Security

The crypto currency committee has been fighting connections to terrorism put forward by governments since the day politicians discovered Bitcoin existed. As these very pages summarized, “The first conflation of digital currencies and terrorism actually stems from a 2008 paper in the Richmond Journal of Law and Technology in which the author stated that ‘[terrorists] seeking to avoid detection have turned to other methods of transferring money, such as commodities trades, hawala, and digital currencies.’ In defining this latter phrase, the report referenced a paper entitled ‘The Cyber-Front in the War on Terrorism: Curbing Terrorist Use of the Internet.’ It was published in 2005. That’s right, terrorists allegedly using digital currencies is older than bitcoin itself.”

And the test for enthusiasts has always been: if in fact bitcoin core or some other crypto was used during a terrorist act, such news would be sounded to the heavens. That neither has seemingly happened is telling. For experts such as Mr. Fanusie, merely dismissing the threat won’t get him invited back to hearings. So, anyone wishing to maintain intellectual integrity, yet hope to keep their job, seem to have to thread a testimonial needle. Sure, an expert might have to admit terrorists are not using it, but they could!   

Terrorists Prefer Cash to Crypto, According to Congressional Testimony

“Cryptocurrencies may become the way we transact in the future,” Mr. Fanusie concludes. “But they are also becoming part of the illicit financing toolkit available to terrorists. FDD’s Center on Sanctions and Illicit Finance (CSIF) has now documented cryptocurrency fundraising campaigns run by social media entities associated with the Islamic State and al-Qaeda. Although public evidence indicates that terrorist groups have had only limited success so far with cryptocurrency fundraising efforts, the rising profile of digital currency has been accompanied by jihadist networks experimenting with them more frequently. By preparing now for terrorists’ increasing usage of cryptocurrencies, the U.S. can limit the ability to turn digital currency markets into a sanctuary for illicit finance,” thus preserving his and his policy group’s return invitations to Congress for years to come.

Is use by terrorists a real problem for cryptocurrency adoption going forward? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Terrorists Prefer Cash to Crypto, According to Congressional Testimony appeared first on Bitcoin News.

Bitcoin News

Trying to lose weight? These are the most unfulfilling foods you can eat, according to a nutritionist

September 5, 2018 |

If you want to lose weight, curb your appetite by avoiding these foods that will only make you hungrier.
FOX News