Wirex Adds Litecoin (LTC) to its Payment Cards

Source From https://coinjournal.net/wirex-adds-litecoin-ltc-to-its-payment-cards/

Users of the Wirex Bitcoin debit card can now make payments with Litecoin. Wirex announced full Litecoin integration with its new Wirex LTC (Litecoin) wallet, predicting that Litecoin could become a global payment option on dozens of big brand websites in the near future. The Wirex LTC wallet will allow customers to buy Litecoin (LTC) […]

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Vermont Lawyer Warns of Legal Complications Ahead for Cryptocurrency Miners

Source From http://cryptscout.com/news-portal/?id=20&ref=2166&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal

Are miners the nodes on a blockchain that process transactions partners in a company And, if they are deemed partners, and a cryptocurrency project collapses leaving coin holders holding the bag, what legal construct is in place to protect miners from lawsuits One Vermont lawyer sees a nightmare unfolding.Stepping back a few steps, last month, several news sites ran stories about proposed legislation S.269 in Vermont put forth by Senator Alison Clarkson on January 3, 2018. Most focused on t

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SEC “Striving For a Balanced Approach” to ICOs

Source From https://coinjournal.net/sec-striving-for-a-balanced-approach-to-icos/

In a hearing held Thursday by the Capital Markets, Securities, and Investments Subcommittee of the U.S. House Committee on Financial Services, William Hinman, the Director of the Securities and Exchange Commission’s Division of Corporation Finance, said, “[My] division has also been focusing attention on digital assets and on Initial Coin Offerings.  As this area continues […]

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Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs with Zero Fees

Source From https://news.bitcoin.com/indian-exchange-launches-crypto-to-crypto-trading-pairs-zero-fees/

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero Fees

Another Indian cryptocurrency exchange has launched crypto-to-crypto trading. Koinex is offering 23 crypto-to-crypto trading pairs with zero fees. Earlier this week, leading Indian exchange Zebpay also launched crypto-to-crypto trading but with only one trading pair.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Koinex’s Crypto-to-Crypto Trading

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero FeesIndian exchange Koinex announced last week, “We are delighted to announce the commencement of crypto-to-crypto trading on our platform,” elaborating:

We are going live with not just one or two crypto-crypto pairs; we are launching a total of 15 token pairs, all at the same time!…This is the largest crypto-crypto pair offering by any Indian exchange and to add to this, the trading fees will be zero.

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero FeesThe exchange then announced on Saturday the addition of 8 more crypto-to-crypto trading pairs, set to go live on Saturday night.

In addition, the “seller fee has been revised to 0.15% for the INR market. Buyer fee is now fixed at a flat rate of 0.15%,” Koinex detailed.

As for deposits, the exchange clarified, “INR deposits via UPI and Netbanking are now live with payment gateway 2. Deposit fee is 1.18% for UPI and 2% for Netbanking.” However, Koinex reiterated that “all other payment methods are discontinued…All INR withdrawals are temporarily halted.”

23 New Trading Pairs

Koinex currently has 19 coins listed for trading against the Indian rupee. Its 24-hour trading volume for all cryptocurrencies is approximately $5.5 million, according to Coinmarketcap.

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero FeesFor crypto-to-crypto trading, there are nine bitcoin trading pairs, six ether, and eight ripple –a total of 23. Bitcoin and ether trading pairs are already live and ripple pairs are set to go live on Saturday night, the exchange clarified. “For the first time in the crypto world, Koinex proudly presents XRP-based trading market with 8 XRP pairs going live tonight.”

“The tokens available in the bitcoin market will be ethereum (ETH/BTC), litecoin (LTC/BTC), TRON (TRX/BTC), ripple (XRP/BTC), omisego (OMG/BTC), bitcoin cash (BCH/BTC), EOS (EOS/BTC), nucleus vision (NCASH/BTC), and request (REQ/BTC),” Koinex wrote.

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero FeesFor the ether market, in addition to BTC, the exchange is offering trading pairs for BCH, TRX, XRP, OMG, EOS, and NCASH.

For the ripple market, customers can trade BTC as well as LTC, TRX, EOS, OMG, REQ, NCASH, AE (aeternity), and GNT (golem).

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero Fees

Bypassing RBI’s Order

Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs With Zero FeesOne of India’s largest cryptocurrency exchanges, Zebpay, also launched crypto-to-crypto trading last week with one trading pair – ETH/BTC.

Both Zebpay and Koinex launched their crypto-to-crypto trading services after the Reserve Bank of India (RBI) issued an order banning banks and financial institutions under its control from dealing “in virtual currencies or provide services for facilitating any person or entity in dealing with or settling virtual currencies,” Koinex described, adding that:

Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of virtual currencies.

The exchange warned that RBI’s order could cause “a disruption in [its] banking services” which “may affect our capacity to service withdrawals and deposits seamlessly.”

The RBI has since been taken to court by Kali Digital Eco-Systems. The Delhi High Court has accepted the company’s petition and issued a notice to the central bank. Other exchange operators are also planning to challenge the regulator as a consortium.

What do you think of Koinex launching crypto-to-crypto trading with 23 trading pairs? Let us know in the comments section below.


Images courtesy of Shutterstock and Koinex.


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Op Ed What Do We Mean When We Talk About the Blockchain Ecosystem

Source From http://cryptscout.com/news-portal/?id=20&ref=2174&utm_source=RSS&utm_medium=rss&utm_campaign=news-portal

Ethereum has just announced its Ethereum Community Fund ECF grant program, an initiative launched by a collection of major players in the Ethereum world that is designed to accelerate the development of blockchain infrastructure apps and services. The stated aim of the ECF is to bring about an environment where teams and ideas can thrive, grow, and collaborate to become essential and functioning pieces of the broader Ethereum ecosystem.All of this raises the question of what exactly we mean w

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