While Misleading Information on China Stalls Price, Bitcoin Hits $1080 in India
Misleading information on the status of the Chinese Bitcoin exchange market led to a significant decline in the price of Bitcoin. Yet, some markets remain unaffected, including India, which demonstrated an all-time high value of Bitcoin at $1,080. Inaccurate media reports on the relationship between Chinese Bitcoin exchanges and local regulators created false speculations that major Bitcoin exchanges including BTCC, Huobi and OKCoin were under scrutiny. Bitcoin has already begun to recover after various reports were shut down by both the Chinese government and local Bitcoin exchanges. In....
Related News
Narendra Modi, the Prime Minister of India, on Saturday chaired a meeting on crypto in India. During the meeting, the officials present agreed that some crypto platforms are misleading the youth of the country. And that there is a need to stop non-transparent advertisements. Indian Lawmakers And Cryptocurrencies The meeting comes days after Reserve Bank […]
Unocoin, the Indian bitcoin platform based out of Bangalore participated in the Indian edition of CeBIT 2015. Originally started in Germany, CeBIT is a globally renowned electronics and information technology expo. The annual main event is held in Hanover, Germany. Apart from the original annual event, there are other CeBIT braded events held in China, Australia, Turkey, United States and India. This year, the Indian edition of CeBIT was a three-day event hosted in Bangalore. The event was held from 29 to 31 October at the Bangalore International Exhibition Center (BIEC) and as expected,....
Several new developments are pointing to India as being the next point of interest for the key digital currency Bitcoin. They are building on the untapped opportunities available to the country’s billion people. Surge in Internet use. India has overtaken the United States to become the world’s second largest Internet market, with 333 million users, behind China’s 721 million. Even though this is a positive development, the new report by the UN Broadband Commission for Sustainable Development also confirms that just six nations – including China and India – together account for 55% of the....
Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction. Bitcoin Hits Highest Price Since 2014. As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday. According to the Coindesk Bitcoin Price Index, Bitcoin reached a global average price of over $788 USD, but in many markets and currencies Bitcoin trades for much more. According to....
Bitcoin activity in India has been on the rise over the past few months, and a new partnership between bitcoin exchange, Unocoin, and payroll service, Bitwage, may help that growth continue. This new partnership is designed to allow freelancers or employees in India to receive a better rate on the payments they receive from outside the country. Freelancers in India have already been taking advantage of the better rates they get by telling their employers to pay them via Bitcoin rather than PayPal, and Bitwage has the potential to make the process of getting paid via Bitcoin much simpler....