Indian Bitcoin Exchange Unocoin Secures $1.5M in Funding

Indian bitcoin exchange Unocoin has raised $1.5 million in a Pre Series-A funding round, the highest amount raised for any digital currency venture in the country. Unocoin, an Indian bitcoin startup that offers a trading platform for Indian customers to buy, sell and store bitcoins has raised a record $1.5 million in a round of funding, the company announced on Thursday. Founded in December 2013, Unocoin is headquartered in Bangalore, a city that is commonly deemed the “Silicon Valley of India.” Over the past near-three years, the company has grown to house 30 employees while clocking over....

Unocoin, an Indian bitcoin exchange that facilitates the country’s users to buy, sell and store bitcoins has blocked access to user accounts. The drastic move is a “temporary” measure, the bitcoin startup adds, noting that it is facing a “DNS resolution issue” since the early hours of November 3, Indian time. An email sent out to customers read: Please note that due to a DNS resolution issue that Unocoin.com is facing since 3rd November 2016 morning, the access to Unocoin.com accounts are temporarily restricted. We shall update you shortly once we resume to normal. Due to the same reason,....

Unocoin, the Indian Bitcoin exchange platform has announced the launch of its APIs for international customers. The Indian Bitcoin sector has come of age. Unocoin, one of the country’s “Big Four” Bitcoin exchanges has today announced the launch of a robust API for businesses. According to the company’s latest press release, the new Application Programming Interface (API) will allow companies across the world to gain access to the Indian Bitcoin market. The Bitcoin sector in India has so far been a closed market, with most services confined to the domestic population. By using the Unocoin....

Unocoin, one of India’s leading Bitcoin companies, has just unveiled its first Application Programming Interface (API) release. The company is providing the API to help curate the cryptocurrency market within India. Unocoin Releases Application Programming Interface for Startups and Entrepreneurs. Unocoin has been expanding its operations following a....

Indian bitcoin exchange Unocoin has launched a new mobile wallet app. The launch comes roughly two months after Unocoin closed a $1.5m funding round backed by both domestic and international investors. Unocoin had previously raised a smaller seed round in mid-2014. Unocoin said it released the app in part to reflect India's embrace of mobile devices. The exchange has published apps for both iOS and Android users, enabling the purchase and sale of bitcoin directly as well as access to live market data. Co-founder Abhinand Kaseti said in a statement: "More than 300 million use their....