CoinSwitch Kuber recently become India's newest crypto unicorn amid the rise in popularity of cryptocurrencies even as government stance remains unclear CoinSwitch Kuber recently become India's newest, youngest and second crypto unicorn amid the rise in popularity of cryptocurrencies even as government stance remains unclear. Investors are betting on the digital tokens even as authorities scrutinize buying and selling of Bitcoin, Ethereum and other coins. Bengaluru-based CoinSwitch, founded in 2017, was launched as a global aggregator of crypto exchanges. It started its India operations in June last year. In an interaction with mint, CoinSwitch Kuber's co-founder and CEO Ashish Singhal talks about the story behind, future plans as it awaits India's clear stance on the crypto bill, advise to retail investors on what to look for when choosing to invest in cryptos, and much more. When we started trading in cryptocurrencies back in 2016, we noticed that the prices vary greatly across all exchanges due to them being determined by the demand and supply on each individual platform. Here, we found an opportunity for a platform that aggregates all the exchanges to enable users to find the right price of a cryptocurrency at any given time. Hence, CoinSwitch was founded in 2017 by the three of us. Our aim — make crypto investments as easy as ordering food online. At its peak, CoinSwitch was available as a global crypto aggregator in more than 160 countries. The company crossed 11 million registered users in a record 15 months in October with a diverse population as 55% of CoinSwitch Kuber’s users come from tier-2 and tier-3 cities. We were backed by the likes of Sequoia Capital, Paradigm and Ribbit Capital in Series A funding round in January 2021 and further raised funding from Tiger Global in Series B round in April 2021. In fact, Tiger Global approached CoinSwitch for the funding, instead of the other way around, indicative of the success in India. CoinSwitch Kuber was Tiger Global’s first investment in an Indian crypto company. Are you in talks with with the government for the crypto bill or to bring a clear stance on the same? Given the novelty of the technology, regulatory uncertainty is understandable. India’s policy landscape is shaping up in a way very similar to what we have seen in other countries that have regulated cryptocurrencies. It is important for India to lead the crypto and blockchain revolution and positive regulations from the Indian government can enable this as they will counter the existing hesitancy among many individuals and institutions, leading to greater adoption. CoinSwitch Kuber, along with other Indian crypto platforms, believe that crypto is a financial asset and not an alternative to fiat currency. What do you think of the retail ownership in cryptos which may be bringing too much volatility, especially leading to a rally in unknown coins? Since cryptocurrencies are at a nascent stage, they are volatile. Their prices will stabilise as the market matures. In the meantime, we recommend retail investors to assess the authenticity of a crypto asset by monitoring factors including the community behind the project, the problem it is solving, the market cap, historical performance to make an informed decision. We do not believe that the Indian government will ban crypto. The tone of the regulators has largely been positive and we expect encouraging regulations to be introduced. Given the government’s focus on digital India, we believe they will recognise the large-scale implications of fostering a crypto ecosystem that will contribute towards a technological and financial revolution. Is CoinSwitch trying to introduce or tap other markets apart from cryptos, and go into services across DeFi system? We currently do not have plans to tap into the DeFi ecosystem. However, we are planning to diversify our offerings to include multiple avenues of investment for the users through different products and asset classes. This is one of the key areas where the Series C funding raised will be utilised. CoinSwitch Kuber aims to introduce such traditional assets so that it becomes a one-stop platform for an investor’s entire investment journey. We plan to integrate our platform’s characteristic simplicity into these traditional assets too to become India’s preferred investment destination. While all investing carries some risk, that doesn’t mean all risk is created equal. Learn how to optimize your portfolio weighting for the best risk-adjusted returns using modern portfolio theory... 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Solana Ventures, FTX, Lightspeed Venture Partners Launch $100M Web3 Gaming Fund Solana Ventures, Lightspeed Venture Partners, and FTX have announced a joint $100 million initiative that will focus on blockchain gaming. $100M Crypto Gaming Fund Announced As crypto gaming looks set... XCOPY’s “A Coin For the Ferryman” has changed hands for $6 million worth of Ethereum. The crypto artist minted the one-of-a-kind piece in 2018. XCOPY Artwork Breaks Record Sales of... Square has released its quarterly earnings report, which includes profits and revenue from Bitcoin transactions and sales. Square’s Quarterly Bitcoin Revenue Is Down Square says that it saw $1.8 billion... Aave has published an update describing V3 of its protocol and the new features that will be included in the update. V3 Will Have Layer 2, Interoperability Features Aave’s latest...
In late 2012, WordPress became the first major merchant to accept payment in Bitcoin. Others, including online electronics retailer Newegg.com, Expedia, Microsoft, and Tesla followed. Countless merchants now view the world’s most popular cryptocurrency as a legitimate payment method.
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If there’s anything celebrities should have taken from the Musk Bitcoin saga it’s that disclaimers in these investment recommendations are crucial. Luckily, Portnoy added that he had “no idea how this works,” and joked that it could actually be a Ponzi scheme.
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This cryptocurrency network has a relatively smaller footprint, and there are several reasons why it is more appealing as an investment option. First, it requires relatively lesser energy to complete transactions using the Cardano network, unlike the much larger bitcoin network. This means the transactions are not only faster, but they’re cheaper as well. The platform also claims to be more secure and adaptable, and they are consistently improving the network’s development to remain ahead of hackers.
In the short term, situations occur where the factors lead the price and where the factors lag the price. However in most cases, the factor lags the price in the short term (seen by upward facing arrows near the top of each scalogram). This is understandable given short term changes appear likely to be the result of particular events, as discussed above. It is likely the market price will reflect the event quicker than social media; social media may experience a longer interval of discussion and activity relating to the original event and resulting price change.
Born and raised in Iran as a religious minority, she was awarded a scholarship from the Japanese government to study Electrical Engineering in Japan, where she obtained two degrees in Electrical Engineering and researched on Quantum Physics in classes conducted in the Japanese language. Being the only girl and foreigner in her classes made her decide to dedicate her life to empowering minorities, especially women in the male dominated industries. Crypto Asset Investing in the Age of Autonomy: The Complete Handbook to Building We... $27.49 Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almo... The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs an... $29.69 $26.49 Investigating Cryptocurrencies: Understanding, Extracting, and Analyzing Blockchain... $44.34 $50.48
According to the essayontime.co.uk platform, ethereum came out many years after hundreds of cryptocurrencies hit the crypto market but has surpassed them by far due to its unique technology.
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A comprehensive explanation of wavelet methodologies can be found for example in [10, 11, 21]; this section aims to provide an overview based on the presentation in these papers.
This update packs security upgrades, bug fixes and general usability improvements. Almost Non existent customer service. Update They won’t verify you so don’t even bother trying
Non-Bitcoin cryptocurrencies are collectively known as “altcoins” to distinguish them from the original.
Ethereum (ETH-USD) set a new record high for yet another consecutive day on Thursday, riding at least two macro themes entrenching themselves within the cryptocurrency sector.
Polygon is Ethereum-compatible blockchain interoperability and scaling platform. The MATIC token, which is utilized for governance, staking, and gas costs, remains central. Polygon is a framework for creating blockchain networks that are interlinked. It uses a revolutionary sidechain solution to overcome some of Ethereum's major shortcomings, such as throughput, bad user experience (high speed and delayed transactions), and lack of community control. The Ethereum layer, security layer, Polygon networks layer, and execution layer are the four layers that makeup Polygon's architecture. The Polygon project is one of the more recent attempts at blockchain interoperability and scaling, and it aims to alleviate some of the apparent constraints of projects like Polkadot and Cosmos.
Verdict: This is definitely a tie. Binance.US offers the same low trading fees that Binance does. Therefore, while Americans may not have access to as many cryptocurrencies on the U.S. platform, they will at least pay the lowest trading fees in the world.
Bitcoin was trading 3.7% higher Friday morning. The price was around $61,200 per coin.