#Bitcoin Zebpay dies: Major Indian Bitcoin Exchange shuts down Published 8 months ago on September 28, 2018 By Nadja Eriksson Share Tweet Zebpay, India’s leading cryptocurrency exchange has announced the covering of all exchange services on Friday following the national bank’s banking ban on the crypto business. We are stopping our exchange. At 4 PM today, we will cancel unexecuted orders & credit your coins to your Zebpay wallet. No new orders will be accepted. The Zebpay wallet will work even after the exchange stops. Read more: https://t.co/W8ygzPIYz1 pic.twitter.com/tPWCnyu7Yu — zebpay (@zebpay) September 28, 2018 Started in 2015, Zebpay began exchanging with an application just administration that rapidly wound up one of India’s most-downloaded bitcoin wallet and exchange applications. With a know your customer (KYC) demonstrate, Zebpay struck a large portion of a million downloads on Android – the nation’s most-mainstream cell phone stage – in mid-2017 and immediately multiplied to hit a million application downloads amid 2017’s bear kept running in October. The organization anticipated up to a large portion of a million new clients joining the stage each month at the time, up from 200,000 new clients as of now joining the stage. On its site, Zebpay demonstrates it has 3 million clients utilizing its iOS and Android applications, with support for 20 cryptocurrencies and 22 exchanging pairs. Reputed to be in converses with raise an extra $4 million in financing at one phase, Zebpay is currently stopping all exchange services at 1600 nearby time on Friday. The move is an immediate outcome of a devastating strategy presented by the Reserve Bank of India (RBI), India’s national bank, to drive all directed money related organizations – including banks – from offering services to the local cryptocurrency industry. In a declaration, Zebpay stated: The check on bank accounts has crippled our, and our customer’s, capacity to execute business genuinely. Now, we can’t locate a sensible method to lead the cryptocurrency exchange business. All unexecuted crypto-to-crypto orders will be dropped, Zebpay included, with all tokens to be attributed back to customers’ wallets. The wallet benefit “will keep on working” for customers to store and pull back their coins, the organization said. In any case, it stays to be checked whether wallet picks up improvement support later on. In late June, Zebpay cautioned that fiat withdrawals could wind up unimaginable in front of the approaching banking ban that took impact on July 5, 2018. Multi day before the banking freeze, the organization stopped all fiat stores and withdrawals at the exchange. Different exchanges, in the interim, are discovering novel approaches to go around the ban. Related Topics:bitcoin exchange indiabitcoin indiabtc indiaindiaindia bitcoinIndia BTCindia zebpayZebpayzebpay banzebpay deadzebpay diezebpay dieszebpay fraudzebpay indiazebpay india appzebpay is deadzebpay losszebpay shutzebpay shut downzebpay shutdown Up Next Donald Trump: Yes we doubt he is the real Satoshi, 10 Doubtfull Satoshi Nakamoto List Don't Miss ADA will reach $0.1 today? Cardano Price Analysis 28 Sep Continue Reading Advertisement You may like Government of India: Discussing banning cryptocurrencies once again Adoption: Blockchain Technology in India India: Forcing residents to abandon bitcoin and other cryptocurrencies India: Not going to regulate bitcoin anytime soon Zebpay moves to Europe leaving behind India Bitcoin to be completely illegal in India? Panel submits report. 3 Comments 3 Comments Pingback: Zebpay dies: Major Indian Bitcoin Exchange shuts down - Satoshiuncle Pingback: Zebpay dies: Major Indian Bitcoin Exchange shuts down – The Coinage Times Pingback: One of India's biggest cryptocurrency exchanges is shutting down | Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto? Published 5 days ago on May 14, 2019 By Nadja Eriksson The identity of Satoshi Nakamoto is one of the biggest secrets in the world, especially in the cryptocurrency industry. A lot of people have speculated the real identity of the bitcoin founder and some people such as Craig Wright has even self-proclaimed themselves to be Satoshi Nakamoto. A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto. Where in the world is Satoshi: The Countdown ends The website ran a countdown and also posted on their official twitter account claiming to know the real identity of the founder of bitcoin. Never imagined there would be so much interest in who I am. Can’t the idea speak for itself? Quoth the poet “Daring ideas are like chessmen moved forward: they may be beaten, but they may start a winning game” But if you insist on knowing – https://t.co/lyYHmE79Mx pic.twitter.com/T14mRnfK0u — gotsatoshi (@gotsatoshi) May 2, 2019 The countdown which ended just a few minutes back (from the time of publication) revealed a video which is actually marketing a news website called PaiNews. It seems that it was just another joke or a method of fooling and attracting traffic to the website. What are your thoughts on such lame jokes or methods of attracting traffic? Tell us in the comments section below. Continue Reading #Bitcoin Kevin O’Leary from Shark Tank calls Bitcoin: Garbage and a Useless Currency Published 5 days ago on May 14, 2019 By Coinnounce - Coin Announcements During an interview with the CNBC, Kevin O’Leary from Shark Tank said that according to him Bitcoin is garbage and a useless currency. Kevin O’Leary calls Bitcoin Worthless Famous as the founder of Softkey, a startup that earns annual revenue of around $29 million and a host on the American business reality series Shark Tank, Kevin O’Leary is a celebrity amongst the business class in the United States of America. During the interview published on 14th May 2019, Kevin expressed his thoughts over the king of cryptocurrencies bitcoin and called it a useless currency as the people who accept it just wants to hedge against the high volatility of the virtual currency. This comes in the midst of the current bitcoin surge as the virtual currency doubled its value in just a few days from below $4000 to more than $8000. Kevin also explained why he has such negative views on bitcoin giving the instance of how once he tried using bitcoin for a real estate transaction in Switzerland. He said that it is not possible to get in and out of bitcoin while transacting in huge amounts. He also gave an example stating that if one wants to buy real estate in Switzerland for $10 million. The seller wants a guarantee that the value comes back to him as currency at ten and the buyer has to hedge the risk of the cryptocurrency, hence it is not a real currency. Kevin said that the seller or the receiver would never want to take the risk of such high volatility and thus BTC is worthless. Continue Reading #Bitcoin Amazon Owned Whole Foods, Other Big Retailers Start Accepting Bitcoin Published 6 days ago on May 14, 2019 By Nadja Eriksson Whole Foods, which is owned and operated by the e-commerce giant Amazon and other big retailers are now going to accept payments in bitcoin. Whole Foods and Others accepting Bitcoin using Spedn: A company called Flexa in collaboration with Gemini exchange which is owned by the Winklevoss Twins has managed to persuade a lot of big retailers including Nordstrom, Crate and Barrel & Whole Foods to configure the same scanners that they are already using for payments from other digital wallets like Apple Pay to work with their cryptocurrency payments app called Spedn. Partnering with @FlexaHQ to power the future of payments using #crypto easily. Now accepted at major retailers. Download SPEDN in the Apple store! #CryptoNotCredit https://t.co/zrpspPmkN9 pic.twitter.com/KVAB8BL5zv — Gemini (@Gemini) May 13, 2019 Everything is handled on the backend of the application so that the cashier need not even have heard of bitcoin, let alone understand how to manage payment in cryptocurrency. The merchant has the choice in receiving immediately converted fiat or actually taking and holding the cryptocurrency. The Spedn app lets consumers pay in bitcoin, bitcoin cash, ethereum and GUSD (Gemini Dollar), the Gemini backed stablecoin. This new solution actually uses the existing systems and offers really only upsides for the companies as they don’t have to do any special training for their staff and there is no new hardware required and just a software upgrade. It is worth noting that this is still in its early experimental stages for all the retailers which are cooperating with this scheme and things may of course change in the future. The thing to keep in mind here is that Bakkt is likely launching a massive payment processing service for cryptocurrency in the very near future as well and it could be a big competitor to what Gemini and Flexa are offering. The company will also need to prove itself with consumers and get people to actually go out, download and use the Spedn app. Can this be a game changer in retailer adoption of bitcoin and cryptocurrencies? Let us know about your thoughts in the comments section below. Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin Price Analysis18 hours ago BTC to USD, 19th May: Bitcoin Price Analysis, $6000 or $9000? #Ethereum Price Analysis3 days ago ETH to USD, 17th May: Ethereum Price Analysis, About to Crash? #Exchange3 days ago The Death of Cryptopia: How it all Happened? #IEO3 days ago SEC Might Crackdown Crypto Exchanges that carried out IEOs #Ethereum Price Analysis4 days ago Alert: ETH to USD, 16th May: Ethereum Price Analysis Bitcoin ETF4 days ago Bitcoin ETF Update: US SEC Delays Decision on Bitwise BTC ETF #Rumor4 days ago Ebay: No Plans of Accepting Bitcoin, Cryptocurrencies #Bitcoin Price Analysis5 days ago BTC to USD, 15th May: Bitcoin Price Analysis, $8500 or $7000? #Ripple Price Analysis5 days ago XRP to USD, 15th May: Ripple Price Analysis, Can it rise ahead? #Ethereum Price Analysis5 days ago ETH to USD, 15th May: Ethereum Price Analysis, Bulls vs Bears12 #Bitcoin5 days ago Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto? #Bitcoin5 days ago Kevin O’Leary from Shark Tank calls Bitcoin: Garbage and a Useless Currency #Bitcoin6 days ago Amazon Owned Whole Foods, Other Big Retailers Start Accepting Bitcoin #Technology6 days ago Microsoft Launching a Decentralized Identity Tool on Bitcoin #Bitcoin Price Analysis6 days ago BTC to USD, 14th May: Bitcoin Price Analysis, Actually Bullish?