Earlier this year we saw how Bitcoin approval affected the crypto market. A short bull run began and Bitcoin created a new ATH. Since then everyone within the community were speculating whether Ethereum ETF will get approved by the SEC. Good news is that a few hour back 8 Ethereum spot ETFs got approved. Resulting the Ethereum dominance in crypto market increasing to 17%. Currently Ethereum is in the green zone as that was expected while Bitcoin staying in red. My question to everyone out here, can Bitcoin and Ethereum together bring in a big bull run, bigger than the one we saw in 2021? What are your expectations and what do you guys think with be the ATH for ETH? After the approval for spot Bitcoin ETFs on January 10, 2024, the Securities and Exchange Commission (SEC) has approved a rule change that allows exchanges to list spot Ethereum ETFs in the U.S. on May 23, 2024. No Ethereum ETF is approved yet.What now? Wait for the day when big corporations sucks up all supply from the market and starts controlling it as per their own whim! Having ETF approved, is moving us away from the actual goals of cryptocurrency. It should remain as people's money which any corporate intervention. But with ETF, millions of dollars worth of corporate money is flowing into the market which will eventually take out the control from people's hand to their own. Institutional money will create a different type of market condition for sure. But, they can not take the control from retail by design, unless retail willingly give up the once in a lifetime opportunity for sovereignty of finance. |
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🔔 Service Update: VISA International Prepaid Our VISA International card provider notified us about that we are unable to issue new cards without KYC due to new local regulations. This does not affect already issued cards.👉🏻 For U.S. customers, we have VISA gift card: https://stealths.net/product/visa-giftcard-auto👉🏻 For international customers, we have MPC Mastercard (please note that they don't support 3D): https://stealths.net/product/mpc-mastercard-autoWe understand that it was most our most preferred product and we are continuously working on finding alternative solutions. Also, we would like to sincerely thank all our customers who have supported us for the last 6 months. Which product of yours can be used to pay for Credit Card bill in India? To be precise, the card must be able to spend INR. |
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Almost 10 years later, 117 Paisa = 30 Satoshi. I was just checking the INR to BTC conversion on Google. Suddenly an interesting thing struck me. Have u ever thought 1 Paisa = 30+ Satoshi at current market rate ?  That is, a coin collector can represent 30 Satoshi in physical form.  As per today's price 10 satoshi is equal to Rs 0.016 means approximately one and a half paise. Calculate yourself and correct your answer please As per today's price 10 satoshi is equal to Rs 0.39. So, almost 25x increase since 2017. It always feels great to look back to the journey of Bitcoin...  |
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Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs). FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India. On December 28, 2023, following press release has been issued: https://pib.gov.in/PressReleseDetail.aspx?PRID=1991372List of exchanges mentioned in the press release... - Binance
- Kucoin
- Huobi
- Kraken
- Gate.io
- Bittrex
- Bitstamp
- MEXC Global
- Bitfinex
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What about Bisq? I think they are having a Decentralized network and they dont ask for KYC. Check it out here - https://bisq.network/The problem I see is that you need to keep your software on when a trade is opened, which seems like a bummer to me. I havent used it myself, does anyone else use it on a regular basis? Regular basis? Situation of BTC/INR pair is funny over there. https://bisq.markets/market/btc_inrLast trade was on 2023-01-16. |
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Hey Fellas,
I was wondering. I'm the founder of PNNV.com and im always looking for ways to expend my business.
Which crypto exchange is the most popular in India or Nigeria?
What's the preferred exchange method?
What are the FEEs they are taking there?
Agent.
Sorry for being almost a year late to respond to your query. Current Crypto scenario for on & off ramping in India is a bit dicey. Volume at WazirX, UnoCoin or other KYC exchanges registered in India are mostly dried up. This has happened because of 1% TDS and 30% income tax implementation since April 2023. Direct deposit or withdrawal does not work on most as most Indian exchanges got their bank accounts frozen. People, being forced to use P2P, have mostly shifted to foreign KYC exchanges like Binance/KuCoin/MEXC etc. Many have shifted to non-KYC P2P exchanges like HodlHodl/LocalCoinSwap/AgoraDesk/LocalMonero etc. Lately, P2P on Telegram through their Crypto Wallet service is also on the rise. You'll need to check these services for their respective fees structure. |
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My reason for saying it, is not because I was not given an opportunity.
I think your contribution to the board in the past few days have been remarkable and the posts were really interesting for generating a discussion too. But, since your second post was in the raffle I am unable to include you this time. Going by the contribution of Bureau so far, I guess, he/she can be allowed to participate in this raffle. Rest is your call. OP i was curious what was the wining BTC amount for the first raffle held?
1BTC?
No. The very first game was price prediction. Winner got BTC 0.002211 for this - https://bitcointalk.org/index.php?topic=5198960.0. For the first raffle, winner received BTC 0.001 - https://bitcointalk.org/index.php?topic=5214068.0. |
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This thread itself belongs to Meta.
And yes. The thread you want to create belongs to Altcoin Discussion.
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2. This raffle winner cannot participate in the upcoming games for 6 months. Let us give others a chance to win some bitcoins. You can consider this 6 months as a cooling period like if some X has won the game in April, they can participate only in the November raffle. Our local community is so small such that I have reduced the period to 6 months. If in future, we rise up to one of the most populated local boards I might change the rule such that the game winners cannot participate in the upcoming lotteries for over a year.
Last Raffle started on January 03, 2021 and ended on February 03, 2021. So, 6 month is over for all the previous winners. Hence, I guess, the raffle is now open to all the previous winners again. Right? |
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When I heard that this platform Betrifill BitRefill provides an option to buy gift cards using their platform for major e-commerce sites in India. Consider correcting the typo in OP. I am surprised to see such a company exist. I think these are online cards and do have not practical usage as you cannot withdraw funds from an ATM.
Virtual cards can not be used in ATM. But, you may use Credit Cards in ATM and pay the bill with virtual cards. I have never used these cards though. Please advise if you have used Coinsbee services or not.
I have. CoinsBee is real. They have lately stopped Tor access though. BitRefill still does allow it. |
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Legal explanation by tech lawyer Jaideep Reddy... Crypto & NFT businesses are now 'reporting entities' under India’s Prevention of Money-Laundering Act (PMLA). Contrary to some Whatsapp chatter, this does not mean that they are charged under the PMLA for any offence! The implication is that such businesses need to follow similar reporting standards and KYC/AML norms to other reporting entities like banks, securities intermediaries, payment system operators, etc. In other words, KYC norms are no longer a best practice but a legal obligation.
Also, such businesses now have the legal status to report suspicious transactions to the Financial Intelligence Unit (FIU).
Happy to say we had made this recommendation as far back as Dec 2018, and the notification has come exactly under the suggested provision.
An AML regime is the first step towards effective regulation of intermediaries.
It would have been ideal though to have an explicit transitory provision so that covered entities had more time and certainly while getting their compliance processes in place.
Source: https://twitter.com/jrtechlaw/status/1633338812242731009 |
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Consider checking LocalCoinSwap.com and HodlHodl.com as well.
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Firstly our board left stranded, and our fellow community members should revive and start the discussions again as in the past and I hope I can engage into the discussions as well regularly.
Whatever appeared good was suggested 3 years back - https://bitcointalk.org/index.php?topic=5188136.0. No one seemed to care.  I do remember that raffle and it was a great initiative taken by Heisenberg_Hunter to boost the traffic of our board and it worked only for a while, so as a community we need to engage into discussions so whenever a new Indian member joins it will be helpful for him to understand. Thanks for tagging me in this post which made me to offer my contribution to this thread. Recently, a few weeks back I was notified by @DarkStar_ that we still do have a remaining balance of 0.00427499BTC in our escrow address. Initially, I had an idea of discussing about this with the members of our board on the Christmas Day but owing to my personal commitments I never had the time to revisit the idea. But now, I'm planning to conduct a final raffle on Republic Day and offer the winning member a prize of 0.00307499 BTC so that the remaining 0.0012 BTC can be given to DarkStar_ as a goodwill since he has been holding our funds for 3+ years. What are everyone's thoughts towards my approach of conducting a final raffle? Nice idea. Would be great to move forward with it. |
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Sunak has a rich wife, there are rumors that he has supported Sunak all this time. I don't know how politics in England is going, hopefully, with Sunak's rise to the chair of the British Prime Minister, he will be able to solve the crisis that the UK is currently facing.
Indeed. His wife will play a pivotal role in strengthening bilateral relationship between UK & India. I hope, Britons allow him to complete full term to see how he becomes instrumental in rebuilding UK. |
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I think, the first and foremost goal is to make India a $5T economy. This will happen through stock market movement. With the current pace of growth of Indian stock market indices, i.e. SENSEX and NIFTY, I think, this is achievable.
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Q1) What could be the future of Indian Crypto Traders and Investors
Don't worry bro. Everything will be fine. Q6) Is it the time for people to switch to peer to peer
OGs are all on P2P and DEX. Only noobs waste their time on shitty centralized exchanges. |
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I will cover the taxation on other incomes in the future threads.
Is this thread posted yet? |
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Fantastic CA sahib. Happy to see your contribution to the community. |
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and my son's name: Muhammad Alvan Khaleed (male) and born on June 2, 2022 at 02:45.
Congratulations! You may have a nickname for him, which is related to Crypto. May be Nakamoto. |
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