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Verizon Routing Issues Causes Cloudflare Outages Taking Down Coinbase, HitBTC, and WazirX

As a result of the issue, many internet IP routes were severely affected, thereby affecting the operational capabilities of many cryptocurrency exchanges located all around the globe. [status] Identified: We are currently investigating this issue. We think it is related to a Cloudflare outage.https://t.co/eag1kOhfWN https://t.co/LECYP6roo6 — Coinbase Support (@CoinbaseSupport) June 24, 2019 As per a […]
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Coinbase, HitBTC, WazirX report Cloudflare outage issues

The world’s leading cryptocurrency exchange, Coinbase, reported experiencing intermittent access issues which was traced to a Cloudflare outage. In a blog post, Cloudflare reported that it observed network related issues on Monday morning. The support team revealed that Cloudflare identified a potential “route leak” which affected some of its IP ranges, shortly after the news broke out on […] The post Coinbase, HitBTC, WazirX report Cloudflare outage issues appeared first on AMBCrypto.

WazirX crypto exchange adds support for Monero (XMR)

WazirX crypto exchange adds support for Monero (XMR) - CryptoNinjas WazirX, a global crypto exchange company out of India, today announced its 4th token listing of the month, with Monero (XMR) finally available. Users can now buy, sell, and trade XMR within the USDT and BTC markets on the WazirX exchange. XMR Deposits & Withdrawals Adding support for XMR is a part of the WazirX […] WazirX crypto exchange adds support for Monero (XMR) - CryptoNinjas

Crypto exchange WazirX unveils rapid token listing initiative

Crypto exchange WazirX unveils rapid token listing initiative - CryptoNinjas WazirX, an India based cryptocurrency exchange, today unveiled a new Rapid Listing Initiative to provide its users an expansion of the tokens available to trade on the exchange in a faster manner. Currently, WazirX is focused on bringing the exchange to more countries, and due to this, the token listing process has taken a backseat. […] Crypto exchange WazirX unveils rapid token listing initiative - CryptoNinjas

Bitcoin Ban In India Will Lead To An Increased Money Laundering Says WazirX CEO

“Ban crypto to promote money laundering; Regulate crypto to prevent money laundering.” Nischal Shetty, the CEO of WazirX and one of the biggest voice for the pro-crypto movement in India said. BAN Crypto to PROMOTE Money Laundering REGULATE Crypto to PREVENT Money Laundering Any subject matter expert will agree Regulation > Ban Dear @nsitharaman @narendramodi […]
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Cryptocurrency regulation necessary for money laundering, not ban in India; tweets WazirX CEO

The ‘draft bill’ in India for banning digital assets that circulated through social media stunned the entire crypto community as the regulatory bodies are yet to clarify its stance on the matter. Under the proposed Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019, mining, trading or owning cryptocurrency in India which calls for penalties of up to 10 years in jail. The Indian cryptocurrency ecosystem is on the fence due to lack of transparency in the regulatory climate. According to a report by ET, government departments in the country were aware and very much in support of the circulated draft. Nischal Shetty, the CEO of WazirX, a Mumbai-based cryptocurrency exchange, in a recent tweet, insisted that regulations in the cryptocurrency sector is important and not a blanket ban which would only stimulate money laundering. Shetty’s tweet comes at a time when cryptocurrency exchanges were geo-blocking/geo-fencing certain regions to comply with the native regulations, His tweet read, BAN Crypto to PROMOTE Money Laundering REGULATE Crypto to PREVENT Money Laundering Any subject matter expert will agree Regulation > Ban Dear @nsitharaman @narendramodi Ban is the opposite of what India wants to achieve. Hence US & EU aren’t banning it#IndiaWantsCrypto — Nischal (WazirX) (@NischalShetty) June 15, 2019 The CEO also hoped that the much-hyped Facebook cryptocurrency which, according to him, is a “game changer”, will foster mass adoption by firms globally and India would not want to be left behind. The narrative of “blockchain and not cryptocurrency” in the country is flawed, Shetty in another tweet said. The post Cryptocurrency regulation necessary for money laundering, not ban in India; tweets WazirX CEO appeared first on AMBCrypto.

India: Finance Secy claims crypto report is ready; WazirX CEO says it’s ‘too early’ for regulations

India would soon be deciding the fate of cryptocurrencies in the country; Subhash Chandra Garg, the Finance Secretary, said that the report pertaining cryptocurrency regulation was ready and would soon be submitted to the Finance Minister, cited by Business Standard. Garg said: “We will submit it to the finance minister (soon). Of course, once the approval is done, it will be made public.” Subhash Chandra Garg was heading a committee to understand cryptocurrencies and decide regulations for the same. The previous hearing with the Supreme Court on March 29 was supposed to provide the crypto community some clarity on the status of crypto in the country. However, the case was adjourned. As the newly appointed Finance Minister Nirmala Sitharam approves the said document, it will be made public, cited the report. The Chief Executive Officer of WazirX Nischal Shetty added that once the draft becomes public, the government should consider the views of people in the crypto-space. He added: “Inviting the crypto industry for comments on the new draft is very important since crypto is a relatively new field with less domain knowledge in the country.” Even though regulations would ensure the protection of investors from fraudulent activities and help businesses grow, it’s imperative that the regulations are levied over time and not right away, he said. Shetty further added: “I honestly think it’s too early to implement any regulation in this space. Every nation is working with drafts and recommendations with its industry participants. So while the draft is good for the industry, it shouldn’t be implemented without trialing it out in a sandboxed manner.” The Supreme Court of India is scheduled to listen to the ‘Crypto Vs. RBI’ case in July 2019. The post India: Finance Secy claims crypto report is ready; WazirX CEO says it’s ‘too early’ for regulations appeared first on AMBCrypto.

Coindelta Shuts Down Operations In India, As WazirX Offers Users Refunds to Their Former Users

The regulatory landscape in India has been uncertain lately. Despite scheduling a hearing on the regulations that will impact the still-nascent crypto industry, the meeting was instantly postponed, leaving many exchanges in the dark. With the ban against crypto and bank relations still in effect, many platforms are being forced out as a result of […]
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Indian crypto exchange WazirX offers refund on withdrawal fees for users moving from Coindelta

Coindelta joins the list of crypto exchanges shutting down in India, owing to the lack of regulations and the ongoing Reserve Bank of India [RBI] ban on crypto transactions. Coindelta ceased operations on 30 March at 2 pm IST, announcing the same via a blog, “It has been really difficult for us to operate Coindelta exchange for the last 6 months. The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services.” However, the shutdown comes with users having to pay hiked withdrawal fees to withdraw their crypto from Coindelta. This issue of exchanges hiking their withdrawal fees was highlighted previously when Zebpay ceased operations in India and increased withdrawal fees for users. At the time, Bitbns, another prominent exchange, took advantage of the situation and asked Zebpay users to transfer their funds to Bitbns. They were then refunded the withdrawal fees paid to Zebpay. WazirX, a cryptocurrency exchange in India, followed the footsteps of Bitbns and offered Coindelta users to move to WazirX and get a full refund of their withdrawal fees to Coindelta. Nischal Shetty, the founder and CEO of WazirX, announced this through a video and a tweet, “We heard you. Got many messages that withdrawal fees from Coindelta has been increased. Don’t worry, move all your funds to WazirX and get 100% of the withdrawal fees refunded #IndiaWantsCrypto Let’s keep the crypto fire burning in India ” This news follows the adjournment of the Crypto vs. RBI case in the Supreme Court of India which had allocated four week’s time to the Government of India to take a decision on the regulation of cryptocurrency. The matter was to be heard on March 29, but was adjourned owing to the government’s request. The new date has not been provided by the court, but the hearing is supposed to take place in the second week of July. The post Indian crypto exchange WazirX offers refund on withdrawal fees for users moving from Coindelta appeared first on AMBCrypto.

Major Indian Crypto Exchange, WazirX, Expands Operations to International Audience

Firms who deal with cryptocurrency, whether or not they are exchange firms, are always looking to expand their operations in the hope that more customers will generate more funds but ultimately also cause an increased involvement in crypto from the general public. This is exactly the case as WazirX – a major crypto exchange player […]
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Indian crypto exchange WazirX goes global; opens registration for international users

WazirX, one of the biggest crypto-trading platforms in India, announced that its platform would be open for international users from March 27. Unlike Indian traders, global users will not be required to complete the full KYC process to start trading on WazirX, reported Crypto dost. The publication also stated that new traders would need to confirm only their email address and mobile numbers to start trading on WazirX. India is yet to formulate regulations for cryptocurrencies, but the Supreme Court had given the Union government four weeks to formulate a policy or regulations for digital assets. The country’s Reserve Bank of India [RBI] has levied a ban on crypto transactions, but the growing adoption of cryptocurrencies has allowed users to trade without oversight. After the RBI ban, WazirX took the Peer-to-Peer track in July to enable Indians to participate in trading. It registered a volume of ₹125,00,00,000+ in P2P trades. The platform clocked in over ₹415,00,00,000+ in crypto trading volume over the past one year, while the total number of app installations were noted to be over 75,000. Nischal Shetty, the Co-founder and CEO of WazirX, said, “Despite the cryptocurrency sector in India enduring a whirlwind, we have been successful in scaling up the venture, clocking in ₹415,00,00,000+ volume in crypto trades. The achievements of the past year only reinstates our faith in the need and demand for crypto in the Indian markets. We are hopeful that the authorities will pay heed to what the nation wants and instead of a blanket ban, work with start-ups like us to better regulate the sector.” The cryptocurrency exchange flagged off its international expansion plan by opening registrations for users from Indonesia, Nigeria, Venezuela, Canada, Russia, UAE, Germany, Netherlands, Poland, and France, among others, reported the publication. The post Indian crypto exchange WazirX goes global; opens registration for international users appeared first on AMBCrypto.
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ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15

• The short-term and medium-term outlook is in a downtrend. • Selling opportunities at the broken demand area may be considered. ZIL/USD Medium-term Trend: Bearish Supply zone: $0.02500, $0.02600, $0.027000 Demand zone: $0.01000, $0.00500, $0.00300 ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant […]
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Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
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