India is on the verge of imposing a Chinese-style crypto currency ban for bitcoins and altcoins. Bitcoin, which is around 0.49 million rupees in India is growing in popularity at an amazing rate and being used for terrorist activities and black money, as said in this article by economic times. This ban will directly affect bitcoin dealers like unocoin, bitxoxo, zebpay and so on. It is not clear whether the ban will affect crypto currency exchanges or not but it looks like it will.
Claim your free bitcoin gold. Everybody knows about the free BTG but there is scarce information on how to claim bitcoin gold. This new cryptocurrency was forked out of bitcoin’s blockchain on 24th October 2017 from block height of 491407 and to be eligible, you must know the private keys of your bitcoin wallet or use a wallet that automatically credits it for you. In this article, we will be making use of an android wallet to claim bitcoin gold.
Coinbase, the most popular bitcoin exchange in USA has issued a statement about the upcoming bitcoin forks, Segwit2x (Bitcoin2x) and Bitcoin Gold (BTG). Segwit2x fork date is November 16th 2017 while the Bitcoin Gold fork occurred on October 23rd 2017. Due to lack of information about Bitcoin Gold, Coinbase has decided not to support it so you won’t get free BTG for your bitcoins. However, you will get free Bitcoin2x coins for the upcoming Segwit2x fork.
Japan is responsible for 63 percent of total bitcoin trading. It is also home to lot of companies that do ICO but rumors are brewing that Japan could be next big country to ban ICO (initial coin offering). Company launches an ICO to raise funds from the public and it is touted as the best method to raise funds from the potential investors. Japan was the first country to support bitcoin as legal tender but the country is signaling to follow a different approach for ICOs.
Anyone interested in buying Bitcoin or any other cryptocurrency might have stumbled upon dozens of similar guides. In practice, buying bitcoins can be a confusing process. There are so many questions before you can even get started: Where can you buy bitcoins? Is it legal? Is it safe? Where can you get a good price? And many more. Sounds familiar, doesn’t it?
Chinese government has released a list of whopping 60 ICOs that will be put up for investigation and monitoring. The letter issued by the government was sent to Chinese province of Fujian on September 2nd 2017 and it mentions issuing guidance to local government of Fujian. It demands report on ICOs, trading and exchange websites by September 4th 2017 which has already passed.
Purse.io has announced on their website that they will be offering its Purse.io users a way to get hold of the free bitcoin cash that created after the hard fork of bitcoin network on August 1st 2017. Since the private keys were not available for download from the purse’s wallet, users were forced to forward their funds elsewhere where they could squeeze out bitcoin cash. However, if you did not pull out your funds prior to the bitcoin’s hard fork, you will not get the bitcoin cash.
Poloniex has been in the news for all the wrong reasons – disabling litecoin wallets, Zcash wallets, Bytecoin wallets; not participating in free Stellar Lumens campaign and even updating their terms on the hard fork day. Today, they have announced that they will be crediting all users who had their bitcoin in their account balance at the time of the fork with matching BCH. This will be done on August 14th 2017 or before.
Coinbase has announced that they will be adding support for Bitcoin Cash next year. At the time of hard fork, Coinbase initially said no to the bitcoin cash since they thought that would not be safely supported on the day it was launched and that is why they released a statement where it asked users to withdraw their bitcoin from coinbase and add it to the exchange where they would get the free bitcoin cash. Now, Coinbase has sent emails to its customers telling them they have examined the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase users.
Indian Finance Ministry has been informed by their internal panel to stop and discourage the use of bitcoins and other crypto currencies in India. The panel justifies this step in order to prevent people from potential frauds, drugs and stop money laundering. This very panel was formed by the Indian Finance Ministry back in April to suggest how to deal with digital currencies in India.