Connect with us

#Exchange

Zebpay moves to Europe leaving behind India

Published

on

Zebpay, which was known to be the largest cryptocurrency exchange in India has moved to Europe after the Reserve Bank of India ban.

Zebpay, which was known to be the largest cryptocurrency exchange in India has moved to Europe after the Reserve Bank of India banned financial institutions to deal with crypto exchanges in the country. Zebpay had closed down its operations in India in September while it had more than 3 million users already registered on the exchange. After the ban, Zebpay registered its entity under the name of Awlencan Innovations Malta Limited in Malta which is one of the most friendly countries known for crypto and blockchain business.

 

Zebpay now in 21 European Countries:

Zebpay announced on Tuesday that it has successfully launched its operations in 21 nations across Europe. The platform lets users trade crypto to crypto on its exchange and wallet. Also after a successful KYC procedure and banking verification, the users can deposit and withdraw EUROS to their Zebpay accounts. Currently, users can trade just Bitcoin with Euro but the company claims that they will soon add other cryptocurrencies to trade with Euro as well.

 

Zebpay Marketing

For the start, Zebpay has planned a good marketing scheme of offering zero fee deposits and zero maker fees. Also, the exchange is rewarding 0.25% of every transaction to its users till the 31st of December this year. Users can currently trade BTC to EURO, ETH to BTC, LTC to BTC, XRP to BTC, BCH to BTC, EOS to BTC and TRX to BTC. The new Bitcoin hardfork BSV is currently excluded from the list.

 

Zebpay Entities:

Zebpay is currently registered as Awlencan Innovations Malta Limited in Malta for its exchange and also registered in Singapore as Zeb Ventures Pte Ltd for buying and selling of cryptocurrencies on its mobile application or Zebpay App.

 

No Registrations from India:

Zebpay has clearly declared that it is not accepting any new registrations from India, the country where Zebpay originated. Cryptocurrency banking is still prohibited in India and there are rumors all around the country that the government is soon going to declare cryptocurrencies totally illegal which means that no one would be allowed to trade or even store any cryptocurrency such as bitcoin.

Continue Reading
Advertisement Cryptocurrency & Blockchain Domain Names
1 Comment

1 Comment

  1. Hercules

    December 13, 2018 at 4:57 am

    “or even store any cryptocurrency such as bitcoin.” LOL IMBECILE! COMMENT.

    I want and I WILL STORE ALL THE FKING BTC I WANT!!! on my Trezor, whadya gonna do ???

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

#Exchange

Alert: Bancor Hackers move 25433 Ethereum

Published

on

Three days ago, Bancor Exchange hackers moved around 25,433 Ethereum to an address which seems to be a mixer service address or an exchange.

The whole crypto community was in shock when Bancor was hacked on 10th July last year with more than $23 million worth of Ethereum being stolen. Almost eight months after the incident, the hackers have allegedly made transactions from the wallet where the stolen Ethereum were kept.

bancor hack address

Three days ago, the hackers moved around 25,433 Ethereum to an address which seems to be a mixer service address or an exchange. It cannot be determined yet whether the funds can still be tracked or not.

It might be the situation where the hackers are trying to bewilder people so that the funds can be cashed out later from the new address as the older address was already in the view of people and even etherscan displays a cautionary sign above the previous address “Warning! There are reports that this address was used in a (Bancor) hack. Please exercise caution when interacting with this address”.

The Bancor Hack:

Bancor decentralized exchange was hacked last year where the private key was stolen in an uncertain manner by a hacker that still remains mysterious.

Around 25,544 Ethereum, 230 million Pundi X tokens and 3.2 million Bancor Tokens were stolen during the hack. According to Bancor, the hack was due to the compromisation of a wallet that was kept for smart contract upgradation.

Continue Reading

#Exchange

QuadrigaCX mystery takes a shocking turn: Wife reveals CEO used own money to fund user withdrawals

Published

on

Widowed wife of Gerry Cotton, the dead CEO of QuadrigaCX exchange claims that her husband used to mix his own money with the exchange's funds.

The current situation of the defunct exchange QuadrigaCX is just like a thriller movie as cryptocurrency enthusiasts around the world are curious to know what exactly has happened and what was the exchange up to. It was in the news recently that Ernst & Young, one of the top auditing and law firms in the world had revealed that QuadrigaCX’s cold storage wallets had almost NIL amount of user funds. This was quite shocking for the people who had millions of their investment or trading funds on the exchange as they were not hoping for this.

 

QuadrigaCX: A Shocking Turn

The situation gets even worse now as the widowed wife of Gerry Cotton, the dead co-founder, and CEO of QuadrigaCX exchange claims that her husband used to mix his own money with the exchange’s funds in order to fulfill customer withdrawals. According to Gerry’s wife, she does not know exactly how Gerry used to operate his business/exchange, however, he used to tell her that he had to keep transferring his own personal money into Quadriga CX exchange to fund the user withdrawals last year.

 

The statement of the widowed wife came into the picture soon after Ernst & Young revealed that the cold storage wallets of the exchange were nearly empty. A report also claimed that the exchange’s funds (around 600,000 ETH) were stored on different exchanges namely Kraken, Bitfinex, and Poloniex, after being transferred from the cold wallets.

 

The situation got worse long before the death of Gerry Cotton:

The situation had got worse long before the death of the CEO of QuadrigaCX, Gerry Cotton. The company was already in huge trouble and also is facing a legal battle with a bank. The CEO had to fund the exchange withdrawals using his own personal savings which may be because the holdings of people were being spent on personal expenses previously or had been lost on gambling or other activities. This is not confirmed and yet to be known. However, the people drew attention to the QuadrigaCX case only after the death of the CEO this year.

 

Is there a Change of Recovery?

If the CEO of QuadrigaCX, Gerry Cotton had really transferred the cold wallet funds onto other cryptocurrency exchanges as being reported earlier, and the auditors are able to track these fund’s transactions, there might be a chance for the victims to get their funds recovered, either fully or partially.

Continue Reading

#Exchange

Alert: Binance 8 hour Maintenance tomorrow: How will it affect Bitcoin Price?

Published

on

Binance cryptocurrency exchange according to trading volume has scheduled an 8-hour maintenance tomorrow i.e. 8th March 2019 at around 2 AM UTC.

Binance, the world’s biggest cryptocurrency exchange according to trading volume has scheduled an 8-hour maintenance tomorrow i.e. 8th March 2019 at around 2 AM UTC. Binance announced the maintenance through an official article published on the website.

According to the article, trading, as well as the deposits and withdrawals, will be frozen on the exchange through the maintenance time. If the user makes a deposit just before the scheduled maintenance, it will probably reflect in his account after the maintenance is over. The scheduled maintenance is approximately an eight-hour process.

 

How will Binance Maintenance affect the price of bitcoin?

It has been noted earlier that whenever a large cryptocurrency exchange such as Binance, goes through scheduled maintenance, it gives the big bitcoin whales a chance to start manipulating the price. Many times, small traders find out that their positions have been forced liquidated once the maintenance gets completed.


Binance has not announced the reason or the changes that will happen in the upcoming maintenance. However, the CEO of the exchange posted a tweet stating that the upgrade is going to be big and the user funds are SAFU.

 

What is SAFU?

SAFU refers to Secure Asset Fund for Users which is a dedicated fund that receives 10% of the trading fee on Binance and was made to offer better security in extreme situations. It was made live when Binance went through a drastic situation when one Syscoin that was worth $0.25 was sold for $96 BTC ($615,000). When this happened, binance was quick to stop the trading and withdrawal. They had to remove the API too till the situation was solved.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.