Category: Crypto News

EtherDelta is under new ownership and the new owners are doing their best to raise funds to improve EtherDelta’s (damaged) reputation in many ways. The decentralized exchange was recently hacked where funds of many people were lost. The hacker was able to claim millions in Ether and so far, EtherDelta team has been mum about refunds which has further angered its users. With the new EtherDelta ICO, the team is offering EDT token. You can purchase the EDT token with Ethereum and with one ETH, you get 8500 EDT tokens.

(more…)

Decentrex, a fork of EtherDelta will be closing its doors forever on 30^th December 2017. For many, Decentrex was EtherDelta clone with better user interface but due to low volume, low traffic and high Ethereum network fees, Decentrex has decided to shutdown. So if you have tokens and Ethereum stored on Decentrex, withdraw them as soon as possible. It is possible to withdraw the tokens after 30^th December as well by using Decentrex’s smart contract ABI on MyEtherWallet.

(more…)

The following cryptocurrency exchanges have announced their support for the upcoming snapshot of the NXT blockchain for the IGNIS airdrop happening at the ARDR platform launch. Another alternate is to just keep the NXT in the official wallet at the time of IGNIS snapshot.

(more…)

EtherDelta has just made it official on their twitter and reddit accounts that there was a hack that involved forwarding users to a fake website. The motive of the hack is to let users log-in using their ethereum account and steal their funds. So we urge the Etherdelta traders not to visit the website until the issue is resolved. You can follow EtherDelta’s twitter account for staying updated or this article that will be updated once the site is safe again.

(more…)

Kin Foundation has churned out their first Kin wallet which will allow users to send and receive cryptocurrency with other users. This experience has been temporarily limited to 10,000 Kik power users. This has been done because of scalability issues with Ethereum as Crypto Kitties, a Dapp that runs on Ethereum blockchain has slowed down entire network and negatively affected the user experience. The wallet runs on Ethereum blockchain and all transactions are logged as well.

(more…)

Popular cryptocurrency exchange, Bitfinex has issued a warning to all their users via email that individual residents of USA are not allowed to use their services and access to exchange services will be terminated soon. Bitfinex has prohibited access to US residents and are not allowed to do any kind of trading on the exchange. So if you are a US resident, we urge you to move your funds to other exchanges. If you are a non-US unverified user, get your account verified before the exchange bans you and confiscates your funds. Binance is a good alternative.

(more…)

Income Tax department is trying its best to tax the bitcoin owners in India. The department has already visited the premises of top cryptocurrency exchanges in Delhi, Gurugram, Bengaluru, Hyderabad and Kochi and asked them to share the identities of investors / traders, transactions done by them and their bank accounts. This survey was done under 133A of Income tax act to gather evidence for establishing the identity of investors and traders, transaction undertaken by them, identity of counterparties, related bank accounts used, among others.

(more…)

RCN has undergone partnership with Kyber Network. RCN promises to improve world’s access to digital payment alternatives. RCN is a peer-to-peer global credit protocol that uses cosigned smart contracts to connect lenders and borrowers anywhere on the globe on any currency. This has the potential to democratize and grow the digital economy by increasing credit access for borrowers, neutralizing default risk for lenders, and reducing asymmetric information between network agents. This will help improve livelihood of children.

(more…)

There are two ways to make money – one is honest way and another is by cheating. Unfortunately, scammy Indian ICOs are on the rise. Meet Hirebits, which was pointed by a reddit user bacontoralpha. He says that their whitepaper is full of red flags and indeed it is. There is no legit company behind the ICO and looks like they are just raising money to pull another Confido-like scam.

(more…)

NiceHash has announced on their official reddit page that the NiceHash payment system was compromised and all the bitcoin stored in their wallet has been stolen. They are still working to know the precise number of bitcoin but sources have told that around 67 million dollars worth has been stolen. The company has already reported this matter to the relevant authorities and working to restore the NiceHash service with highest security measure at earliest opportunity.

(more…)