Bitcoin and Cryptocurrency trading - NCFM Academy Hyderabad

Bitcoin in january 2019

I read that dividing seed to few parts is safe because owning only part would not allow to guess rest of the seed. Hyderabad! Is it possible for Bitcoin to go back to its 2008 price or even lower? He also predicted the crash after that... ​? I'm especially interested in trading.
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Blockchain Online Training

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Block Chain Course Content
Decentralized Money

· Exploring Blockchain
· Bitcoin & Blockchain
o Bitcoin and its History
o Why use Bitcoins?
o Where and how to buy bitcoins




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· What is Ethereum?
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Client-side signing and remotes nodes for Dapps
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Running the DApp on the Ethereum node using Metamask
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Weekly Blockchain Finance News

AB Int’l acquired iCrowdU, Blank check Megalith files for USD 150m IPO, Boldface header, Deepbrain airdrops USD 3m, GSR upsizes tZero investment to USD 400m, Petroteq arranges debt for equity swap, World Bank mandates CBA for first blockchain bond, CoinBase poached Amazon’s Tim Wagner and Q2 VC investment report
The Blockchain finance newsletter gets readers up to date on the latest funding news and related issues.
• Mergers and acquisitions
AB International, the Hong Kong, China-based tech focused investment firm, said it acquired blockchain-backed crowdfunding startup iCrowdU. The company raised its stake to a controlling 51% from the original 11%. AB International filed its most recent 10-Q late in the US after sacking senior executives in May.
• Filings
Megalith Financial Acquisition, the New York City-based blank-check company seeking to buy financial technology companies, said it is raising USD 150m from the initial public offering of 15m shares at USD 10.00 each. The company identified blockchain as one area of management expertise.
• Funding
Libra, the New York City-based cryptoasset services company, said it raised USD 15m in a Series B led by an unidentified family office in Europe. The company provides back-office services.
Audius, the San Francisco, California-based blockchain company focused on the music industry, said it raised USD 5.5m in a Series A led by General Catalyst and Lightspeed. The company sees itself as a rival to SoundCloud.
Lambda, the Singapore-based blockchain data storage company, said it is raising up to USD 5m in a token crowdsale.
tribeOS, the Hamilton, Bermuda-based blockchain company focused on advertising, said Bitmain invested USD 3m. Bitmain, the Beijing, China-based cryptocurrency mining equipment maker, is likely to soon file for an initial public offering, according to a Fortune report last week. The company raised USD 400m in a pre-IPO financing led by Sequoia Capital, according to a China Money report in June citing local media.
Deepbrain Chain, the Singapore-based blockchain company focused on AI research, is airdropping USD 3m, according to a Bitsonline report.
Sagewise, the Long Beach, California-based blockchain contractual dispute services firm, said it raised USD 1.25m in a seed round led by Wavemaker Genesis.
True Nature, the Atlanta, Georgia-based developing healthcare related software applications, said it filed a shelf for a USD 6m equity financing with GHS Investments. The products the company develops may carry blockchain encryption.
Overstock.com, the Salt Lake City, Utah-based online retailer, said its blockchain subsidiary tZERO raised the amount of financing it was receiving from Hong Kong-based GSR Capital to USD 404m. Overstock said in June tZERO was raising USD 160m.
Vemanti, the Newport Beach, California-based investment holding company, said it invested an unspecified amount in Chopp, the grocery delivery company operating in Vietnam. Blockchain, AI and machine learning are sectors Vemanti says it focuses on.
Petroteq Energy, the Sherman Oaks California-based company developing blockchain technology for use in the oil and gas industry, said it arranged two debt for equity swaps worth about USD 400,000.
Late last month, the company said it was raising USD 1.8m from the sale of shares and warrants, and applied to uplist to the Nasdaq. Earlier in July Petroteq said it was raising USD 202,000 from 11 investors.
The World Bank, the Washington DC-based multilateral lender, said it mandated Commonwealth Bank of Australia to arrange what it says is the world’s first blockchain-based bond.
Initial coin offerings going more towards accredited investors, according to a Bloomberg report.
Other deals included Universal Protocol Platform, Genetic Technologies, and OMAAT
• Legal & Regulatory
South Korea’s recently established Blockchain Enterprise Promotion Association is pushing the government to establish the island of Jeju as a cryptocurrency hub, according to a Cryptovest report. Crypto Currency News’ take is here. The Indian government and Tech Mahindra plan to develop a blockchain district in the city of Hyderabad, according to an Asia Times report.
• People
Coinbase, the San Francisco, California-based cryptocurrency trading platform, said it hired Amazon’s Tim Wagner as vice-president of engineering unit. Last week it hired Jeff Horowitz as chief compliance officer. Horowitz was head of compliance at Pershing, a unit of custody, clearing and settlement firm BNY Mellon.
Also this week, Facebook’s head of blockchain David Marcus resigned from the Coinbase board of directors as the social media giant deepens its engagement with the distributed ledger space, according to a Business Insider report. Coindesk’s take on the story is here.
KeyoCoin, the Los Angeles, California-based blockchain company focused on the travel industry, brought Shrei Kaiserman in as a bitcoin advisor as it moves closer to the launch a travel rewards token, according to a BlockTribune report. Kaiserman started an investment and advisory firm, Maco.la, that has focused on the blockchain industry.
SharesPost, the San Francisco, California-based trading platform, said it hired Nick Grabowsk as chief technology officer. Grabowski joins from Charles Schwab, where he was a vice-president of application architecture and R&D. He will work on integrating cryptocurrency and blockchain securities into the SharesPost platform, which started as a secondary trading venue for private technology firms.
SharePost raised USD 15 million in a Series C in June led by LUN Partners and Kenetic Capital.
Sidley Austin, the New York City-based law firm, said it hired Lilya Tessler to head its blockchain and fintech in the securities & derivatives enforcement and regulatory group. She was previously co-head of the blockchain and fintech group at McDermott, Will & Emery.
AlphaPoint, the New York City-based blockchain services firm, said it hired Srikant Manda as chief information security officer. He previously led security architecture and engineering teams at Juniper Networks and Fortinet.
The hire marks the fourth executive AlphaPoint has brought in since May. Last week it appointed Fisher Cataliotti partner Katya Fisher to the board of directors. The law firm is focused on blockchain, cybersecurity, cryptocurrency and artificial intelligence.
AlphaPoint, which is developing corporate auditing software, hired Kristin Boggiano as chief legal officer in July. She was most recently senior regulatory counsel at Guggenheim Asset Management.
In June, the company hired former Nasdaq executive Michael Schmidt as chief human resources officer and raised USD 15m in a Series A from Galaxy Digital Ventures. Ether Capital, the Toronto, Canada-based blockchain investment firm, said it’s forming an advisory board with Ethan Buchman, chief technology officer and co-founder at Cosmos Network, and Panashe Mahachi, co-founder of L4 and Scanate. Other hires included Grant Thornton, CENTRI, Blockchain Power Trust, DigitalTown, Hut 8 Mining, Data443 Risk Mitigation,
• Data
Cryptofinance Conference data shows traditional VCs edging more deeply into blockchain investing, according to a The Next Web report.
Trading, financial services and infrastructure accounted for the most venture capital investment in blockchain companies, at roughly 17% each, in the second quarter of this year, according to a report from Outlier Ventures.
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Press note : ETHEXIndia

 Hyderabad, India, March 5, 2016 
S Capital Solutions Private Limited, the company behind BTCXIndia, is set to launch an Ether exchange under the brand www.ethexindia.com. ETHEXIndia will offer Ether trading starting from Wednesday March 9, 2016.
ETHEXIndia will offer an ETH / INR order book, on which traders will be able to buy and sell Ether against Indian rupees.
Also known as ‘the World Computer’ or ‘web 3.0’, Ethereum offers a secure way to run smart contracts without downtime, censorship, fraud, or other third party interference. Ether, or ETH, is the token required to pay for transactions on the Ethereum network. Every time a contract is executed, Ether is consumed to pay for 'gas’, the internal fuel that runs the virtual machine on Ethereum. Ether can be used for executing contracts or manage transactions over Ethereum.
S Capital Solutions offers a reputation of safety, security and reliability in addition to its easy-to-use online exchange platform. It provides Indian users with a comprehensive wallet management, while users’ fiat deposits are kept in segregated bank accounts. Digital currencies are also safely stored with an offline wallet solution, and the tech stack is maintained by IIT alumnus.
CEO and founder Kamesh Mupparaju said: “We are proud to now offer Indian nationals access to Ether and Ethereum. The Ethereum project has gained a lot of attention not least for their smart contract functionality or enabler or Internet of Things, and we have seen a lot of interest from the Indian tech community for the technology. We believe that blockchain technology is one our time’s largest innovation, and we hope that our services will help India to stay atop as an IT nation and that the country will gain from access to Ethereum”.
About S Capital Solutions Private Limited
Founded in November 2013, S Capital Solutions launched its first product, BTCXIndia, in May 2014. The service provides a market place for trading Bitcoin and Indian rupees, and operates at the highest levels of security and reliability. The company is also part of launching the block-explorer and crypto-venture Blockonomics.co. The third project to go live, ETHEXIndia will be India's first Ether exchange, allowing users to buy and sell Ether for Indian rupees.
More info at: ETHEXIndia: www.ethexindia.com
S Capital Solutions: www.scapital.co.in
BTCXIndia: www.btcxindia.com
Blockonomics: www.blockonomics.co
Press contacts: Kamesh Mupparaju, CEO.
Email: [email protected]
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Last Week In Indian Economy - For the Week Ending 6th August, 2016

Last Week in Indian Economy

“I am silent because there is conflict between my scholarly commitment to economics and my loyalty to the party's decided issues.” - Subramanian Swamy, member of parliament tweeting about why he is silent on the Goods and Services Tax (GST) Bill that his political party supports so much. Just going to leave this here for you to draw your own conclusions.

Headline Stories

Going Gaga Over GST
Last week, the Rajya Sabha passed the Goods and Services Tax (GST) - the tax reform that has been heralded as the most important piece of legislation in over a decade. While the common market of Europe is walking backwards due to Brexit, the common market within India is stepping ahead due to GST. The bill has been the subject of political bickering for a long time now. However, it was passed with 203 votes for and none against. With 0 votes against. They didn’t even blink twice, so you know there families weren’t being held hostage and all votes were entirely voluntary. But this has only been the tip of the iceberg. Even though both houses of the parliament have passed the bill, there is a laundry list of things that need to happen before we can all go home and forget about this whole GST business. The Lok Sabha needs to approve the bill once again. Then, a minimum of 15 state governments need to pass the bill. Then, the president needs to sign the bill. Then, a GST Council needs to be formed and the GST tax rate needs to be negotiated. Then, the central government needs to pass two supporting laws, and each state needs to pass a separate supporting law. And only then, we’ll be able to pocket all that cash from the GST-led economic growth that is being predicted. The deadline set for all of this is April 1st, 2017. Till then, government officials around the country are set to debate on extremely sensitive issues like whether cream biscuits should be taxed at the same rate as ordinary biscuits. #TeamBourbon.
Uber-Didi
Uber joined the long list of American MNCs that came to do business in China but inevitably fell on their faces. In a deal announced last week, the popular ride-hailing service will sell its China operations to rival Didi Chuxing in exchange for a 20% stake in Didi, who will invest $1 billion in Uber. The two giants have been battling for the Chinese market for years and despite spending billions of dollars, no one has managed to turn a profit. In fact, Uber was facing a loss of $1 billion annually due to heavy competition in China. Once upon a time, Uber’s future in China seemed to hold promise. And now, the company is throwing in the towel. The company’s mistake? It tried to fight a land war in Asia. Although Didi was the bigger company in China in terms of market share, Uber did have its moments. Such as when a Chinese hip-hop artist posted a gangster rap song about how much he prefers Uber. Don’t Baidu it - China being China censored the whole thing just days later.
Loans For Pani Puri walas
Banks use all sorts of fancy algorithms to determine if a borrower will repay a loan. Despite all of that, with the banking crisis, a huge amount of loans are at a risk of being Vijay Mallya-ed. So the fancy algorithms haven’t exactly worked out. Another one of those fancy things that banks use is a credit score. A good credit score will have banks lining outside your door shouting for your attention. A bad credit score will have you lining outside the door of the banks with a ton of paperwork. You need a good credit score to get loans. But to get a good credit score, you need to repay loans. So you see the chicken-and-egg problem here. This means a lot of people don’t even have credit scores. But those people still need loans. And banks won’t touch them with a ten-foot pole. Now, microfinance companies like Edelweiss, Bharat Financial, DHFL and many more are going places feared by the big boys of finance. A big push in the industry is to loan money to pavement hawkers, scrap dealers and other self-employed individuals. For example - the makers of the extremely healthy chinese food at the hand-kart that parks near the local sewer every evening. Basically, giving loans to low-income borrowers without a credit score or any kind of formal financial history. If that sounds like a recipe for trouble, that’s because it is and we’ve already had that dish in the run-up of the financial crisis of 2008. And if history isn’t repeating itself here, it’s definitely rhyming.
Too Many Branches Spoil The Bank
The State Bank Of India has almost 17,000 branches which is very impressive. Especially since they get to brag about it in tables that rank banks by number of branches. But the bank isn’t doing itself any favours by putting 5 branches within a 1 km radius of each other, as is the case a lot of times with SBI. Because sometimes, it’s not the size that matters, it’s what you do with it that matters. And SBI is considering a proposal to do away with such extra branches by consolidating them. It might make common sense to shut down branches when put like that, but then they won’t get to brag about how many branches they have. And investors love those kind of things. SBI is currently in the process of merging with its associate banks from Hyderabad, Mysore, Travancore and so on. It expects to have that completed by March 2017. At which point, that 17,000 number will balloon up to 24,000 branches, compounding that problem. A global consulting firm, McKinsey which was hired by SBI has recommended shutting down upto of 7,200 of those branches. Moreover, bank branches are so 2000s. Online is where it’s at.

Sidebar Stories

  • India is a nation of chronic procrastinators. Just look at how much you procrastinate yourself, for example. For more proof, realize that half the people reading that last sentence just strongly agreed with it. And so the government extended the deadline to file Income Tax returns by 5 days till August 5th to accommodate all the last-minute submissions.
  • 23 million income tax returns were filed online this year, more than thrice the 7 million that were filed last year. Like I said, online is where it’s at. Moreover, who would want to stand in line to file tax returns when you can be a responsible and mature citizen of India while wearing your pajamas at the same time?
  • Corruption watchdog Central Vigilance Commission (CVC) has asked the IIM-A and other premier business schools in India to develop an ‘integrity index’ to measure the levels of corruptions in 25 government agencies and state-run companies. The CVC is hoping that the rankings will help focus anti-corruption resources to where they are needed the most. Meanwhile, Buzzfeed “writers” are already salivating at the thought of headlines like Here are the top 10 most corrupt government offices. #6 will literally empty your wallet.
  • A new survey published last week found that Indians are losing more money to online fraud than other Asians. While 36% of Indian respondents reported to being cheated by internet scams, the most popular form of internet scams turned out to be lottery scams and Work-from-home scams. In other news, find out how this housewife is earning 50,000 a month sitting at home.

Market Movements

Let’s do the numbers. Since last week:
  • BSE Sensex: ↓ 0.02%
    Week Open: 28,083.08
    Week End: 28,078.35
  • Nifty: ↑ 0.33%
    Week Open: 8,654.30
    Week End: 8,683.15
  • Gold prices: ↓ 1.58%
    Week Open: 31,549
    Week End: 31,050
  • USD / INR: ↑ 0.15%
    Week Open: 66.764
    Week End: 66.842
Stocks that moved heaven and earth:
  • HCL Technologies (HCLTECH) was up 8.98% on the back of positive quarterly results and a single large trade of about 14 lakh shares that pushed the stock price up.
  • Grasim Industries (GRASIM) was up 7.28% as the Birla-family owned cement maker was identified as one of the companies set to benefit from GST.
  • Tata Steel (TATASTEEL) was up 6.92% since the government extended a price floor on cheap imports of steel from China.
The yield on 10-year government bonds is up from 7.138 to 7.168.

Up Next

Important Numbers being released this week:
Tuesday, August 9th: RBI Interest Rate Decision, Quarterly Results for - Adani Ports & SEZ, Lupin
Wednesday, August 10th: Quarterly Results for - Mahindra & Mahindra
Friday, August 12th: Consumer Inflation (Jul), Quarterly Results for - Hindalco Industries, State Bank Of India

Footnote Stories

Leading bitcoin exchange, Bitfinex, was hacked last week and cryptocurrency worth $70 million was stolen. The exchange has announced a plan to compensate all customers. In other words, business as usual for bitcoin.
Moon Express, a US-based company co-founded by Indian-origin entrepreneur Naveen Jain, became the first ever private company to receive permission from the US government for a commercial space mission to the moon. The company’s business plan involves accepting sponsorships and carrying private payloads to the moon in order to make a profit. In future space missions, the company expects to make money by mining for natural resources on moon, specifically mining for Helium-3. This would’ve happened a lot sooner if only the moon had some oil. Helium-3 is all fine... But it’s no oil.
< For the Week Ending 30th July, 2016
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Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange

A shorter version (reduced by 82.0%) can be found on hyderabad.
This is an extended summary, original article can be found here

Extended Summary:

Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange.
New Delhi: Ripple Labs Inc., a Google-backed firm and the worlds fourth most-funded blockchain start-up , has partnered with crypto-currency exchange BTCXIndia to start a buying and selling facility for XRP (ripple), the crypto-token used by Ripple.
Before it temporarily suspended trades in April, BTCXIndia enabled trading for bitcoin and ethereum, the worlds largest and third-largest crypto-currency, respectively, by market capitalisation.
The platform, with only the XRP trading facility, went live last week offering XRP at Rs24.
We are pleased that customers in India now have a way of accessing XRP.
The company claims it settles cross border payments (between Ripple technology-enabled banks) within minutes.
Earlier this year, Yes Bank and Axis Bank, two private sectors banks in India, joined this list.
As it brings banks into its fold, Ripple is laying a network of liquidity providers (in the form of XRP exchanges) across the globe, with an idea to allow retail users to trade in and hold XRP.
As a result one of our primary goals this year has been to partner with digital asset exchanges in key countries in order to get XRP listed against their respective fiat crosses, Vias, who sits out of New York, said in an emailed response to Mints queries.
9 billion XRP (total number of token created; will not exceed this number) held a market value of $29.
To put into perspective, 16,346,425 bitcoins mined across the world till date held value equivalent to $35.
8 million ethereum coins were worth $15.
To be sure, only a fraction of these are with Indians and are mostly traded on wallet-cum-exchange platforms Zebpay (Ahmadabad-based Zeb IT Services Pvt.
He said retail users typically use crypto-tokens as assets to store value, and move the value to other tokens based on price trends.

Stats For Nerds:

Original Length 4433
Summary Length 1893
Summary Ratio: 57.3
If I am not working properly, please contact Blackbird-007 or send a message to moderators of /IndiaSpeaks.
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Dogelending - Use doge for organised, sustainable microlending

Hello, shibes.
We are at a stage when doge is not just a commodity being traded. People use it to buy pizzas, donuts, cars, games, stuffed dogs and creepy letters from Japan. We’ve used it to dig wells, sponsor circular-driving experts, build houses, send tropical countries to winter sports and even plan on using it to put robots on the moon.
There is, however, an area which we haven’t focused enough on: grassroots entrepreneurship. I’m talking about entrepreneurship that most of us will never see face-to-face. I’m talking about supporting people for whom financial inclusion beings at a mere $25.
Dogecoin (and every other crypto, really) is perfectly suited for microfinance. We don’t have transaction fees. We don’t have to worry about payment processors or minimum pledge limits. We’ve been pretty generous with our money, even if the amount isn’t very high. If we shibes sitting in the comfort of our basements got together, we can raise enough to get started.
My proposal is that we organise a drive together, and contribute to sustainable implementations of microlending. Three key words. Organised – because we can’t just throw doge at somebody individually and pray for the best (smaller amounts are inefficient); Sustainable – because we don’t want to lend to institutions that have shady practices or absent repayment rates; Microlending – while larger entrepreneurial projects can benefit from this, smaller ones are more manageable and have greater impact.
We do this in two phases.
Phase 1:
Pool doge together and send it to an established organisation. My research in orgs is ongoing and I currently have only two reliable candidates – Kiva (worldwide) and Milaap (India). These have good repayment history and proper processes in place for lending, repayment and verification. But, they may not accept dogecoin. BTC and Doge have contacted Kiva in the past but they didn’t want to accept cryptos due to AML concerns and the fact that Paypal already waives all transaction fees. Milaap has the problem of the Indian government not being clear on their policy on cryptos.
So, we pool doge together, convert (hold with VC, convert through Moolah, perhaps?) and send it to an established organisation in fiat. I’m proposing a target of $5000. Back in January, this same amount was raised overnight. With the recent negativity, it's not going to be easy but it can bloody well be done. For perspective, $5000 could seed up to 200 separate projects.
Phase 2:
Apart from making the above recurring, we could work on getting these organisations to accept doge directly. Harder, yes, but much better in the long run. We could also look into doing the microlending ourselves but this is a huge and challenging task, and best discussed after and if Phase 1 goes off without a hitch.
FAQs
Microfinance? Reddit has taught me it’s an absolute failure!
No, it’s not. There are many concerns with microcredit, and these are usually because the blown up claims about gender empowerment fail to come true. Some organisations have opaque lending/collection practices which have led to endless debt cycles, and many loans are given without proper verification. To avoid all this, we go through trusted organisations (like the ones mentioned) who have eyes on the field and have an understanding of the risks involved. Microfinance isn't a magical solution but there is evidence of it being a useful intervention in many settings 1 2 3 4 .
Let’s bombard these organisations with mails and tell them to accept doge!
Let’s not. We’ve received clear communication in the past. Don’t blame them for playing it safe. If we do want to convince them, let’s show them that there are hundreds of shibes currently excluded by their system who have still made an effort with contributions below their minimum pledge limit. Actions speak louder than barks. You can also join the dogecoin community on Kiva to show your support.
Microlending? Does that mean I get my money back?
Once repaid, your money can be reinvested into another project. Not withdrawing the money might seem like a downer, but you get to help many times more people than whom the initial amount was intended for. Besides, keeping track of cash in a pool isn’t practical.
So, we give somebody money. How is this different from a sponsorship?
Because we’re not doing it for TV spots. We’re doing what people do with real money – using it. It just happens to be through a method that encourages entrepreneurship around the world. Dogecoin is a currency and we're showing it being utilised as one.
I’ve actually got more than just a few dollars/pounds/schmeckles. What else can I do to help?
I’d tell you to read through this article and carry out similar initiatives. This is a great way to raise awareness about microlending and about the cryptocurrency.
I’ve not really got any doge to spare. What can I do to help?
Tell people about it and send them here. Talk to your friends and family about how a bunch of people on the internet are getting together to help somebody buy goats in Ecuador. Even if you can’t convince people to join, just raise awareness, or vote for the proposal (see next part). At the very least, leave a silly comment below.
What happens if the community doesn’t rally behind this?
I’ve been working on this for a while and I’m going to continue to do so. There have been people interested in doing this in the past and I’m fairly sure there will be support. There are shibes from /Dogecoin_PR who might be helping.
Bonus:
A version of this proposal just got accepted at a UNESCO-backed youth entrepreneurship competition: link here. We need about 4,000 votes to be chosen as finalists in the top 10, and need about 30,000 votes to win the People's Choice Prize. So, even if you can't contribute financially to the project yourself, vote for the proposal.
I started this project because I want to see dogecoin recognised for the currency it is. We aren't just a community speculating on profits. However things go, I'm seeing this project to the end. I hope you'll stand with me on this journey to the moon.
-Your friendly neighbourhood /Dogecoin_PR sub :)
submitted by cryptosforacause to dogecoin [link] [comments]

Coinbase spontaneously closed my very active account. Cannot get BTC for foreign workers, not living in US, only US bank accounts. Help??

OK, I was a very active coinbase user.
I run a multinational corporation with offices in Nevada, Bogota, Colombia; San Jose, Costa Rica; London, UK; Manila, Philippines, and here in Hyderabad, India, where I've been living for the last 11 months.
I pay 36 people across these 7 countries via bitcoin. When I was actually living in the United States, I could utilize localbitcoin for big transactions, which I'd just handle cash with or otherwise go into a bank branch and do a wire transfer. Cash deposits are now impossible and wire transfers are substantially difficult, even with standing wire xfer orders ("You're sending to Colombia|Philippines?!") and are delayed for days and weeks in most countries, particularly Colombia (2-3 weeks plus proof needed of source of all income (via invoices, mostly. tons of paperwork).
I realize, OK, that I have relied 90% on coinbase and 10% on Indian-based miners for the funding of my enterprise for the last 11 months. I routinely pass thousands of dollars through them.
I just hired my first Philippine employee and less than 2 days after I transferred her payment to her Coins.PH wallet, I received a letter from Coinbase stating that my account had been closed. That was over 10 days ago. Besides what I consider a valid transaction (sending to a personal wallet), coinbase's support has not answered any of my replies.
I have since applied for bitwage and bitstamp, however, after several days both are in the "Pending review" stage. and I'm very desperate. I've started paying via Western Union but it's currently costing me and my employees a lot in fees.
Is there any other way to buy bitcoin while you're living in a foreign land that DOES NOT have easy access to BTC (it trades for $3,300 here and I can't get 0.5 BTC)? I am 12 1/2 hours shifted from the U.S., so it means I also have to have very strange hours to do localbitcoins, if that's even possible.
Due to FBAR and FACTA requirements, I do not have a single bank account outside of the United States, nor will I.
I had the ability prior to last week to buy $3,000 worth of BTC instantly via credit card (which I routinely did) or $15,000 per week via banks, which I also utilized. I realize I'm unlikely to find such limits elsewhere, but I really do need at minimum 2 BTC per week at current rates.
submitted by hopeseekr to Bitcoin [link] [comments]

Press note:ETHEXIndia

 Hyderabad, India, March 5, 2016 
S Capital Solutions Private Limited, the company behind BTCXIndia, is set to launch an Ether exchange under the brand www.ethexindia.com. ETHEXIndia will offer Ether trading starting from Wednesday March 9, 2016.
ETHEXIndia will offer an ETH / INR order book, on which traders will be able to buy and sell Ether against Indian rupees.
Also known as ‘the World Computer’ or ‘web 3.0’, Ethereum offers a secure way to run smart contracts without downtime, censorship, fraud, or other third party interference. Ether, or ETH, is the token required to pay for transactions on the Ethereum network. Every time a contract is executed, Ether is consumed to pay for 'gas’, the internal fuel that runs the virtual machine on Ethereum. Ether can be used for executing contracts or manage transactions over Ethereum.
S Capital Solutions offers a reputation of safety, security and reliability in addition to its easy-to-use online exchange platform. It provides Indian users with a comprehensive wallet management, while users’ fiat deposits are kept in segregated bank accounts. Digital currencies are also safely stored with an offline wallet solution, and the tech stack is maintained by IIT alumnus.
CEO and founder Kamesh Mupparaju said: “We are proud to now offer Indian nationals access to Ether and Ethereum. The Ethereum project has gained a lot of attention not least for their smart contract functionality or enabler or Internet of Things, and we have seen a lot of interest from the Indian tech community for the technology. We believe that blockchain technology is one our time’s largest innovation, and we hope that our services will help India to stay atop as an IT nation and that the country will gain from access to Ethereum”.
About S Capital Solutions Private Limited
Founded in November 2013, S Capital Solutions launched its first product, BTCXIndia, in May 2014. The service provides a market place for trading Bitcoin and Indian rupees, and operates at the highest levels of security and reliability. The company is also part of launching the block-explorer and crypto-venture Blockonomics.co. The third project to go live, ETHEXIndia will be India's first Ether exchange, allowing users to buy and sell Ether for Indian rupees.
More info at: ETHEXIndia: www.ethexindia.com
S Capital Solutions: www.scapital.co.in
BTCXIndia: www.btcxindia.com
Blockonomics: www.blockonomics.co
Press contacts:
Kamesh Mupparaju, CEO.
Email: [email protected]
submitted by ethexindia to ethereum [link] [comments]

06-01 23:42 - 'Coinbase spontaneously closed my very active account. Cannot get BTC for foreign workers, not living in US, only US bank accounts. Help??' (self.Bitcoin) by /u/hopeseekr removed from /r/Bitcoin within 3-13min

'''
OK, I was a very active coinbase user.
I run a multinational corporation with offices in Nevada, Bogota, Colombia; San Jose, Costa Rica; London, UK; Manila, Philippines, and here in Hyderabad, India, where I've been living for the last 11 months.
I pay 36 people across these 7 countries via bitcoin. When I was actually living in the United States, I could utilize localbitcoin for big transactions, which I'd just handle cash with or otherwise go into a bank branch and do a wire transfer. Cash deposits are now impossible and wire transfers are substantially difficult, even with standing wire xfer orders ("You're sending to Colombia|Philippines?!") and are delayed for days and weeks in most countries, particularly Colombia (2-3 weeks plus proof needed of source of all income (via invoices, mostly. tons of paperwork).
I realize, OK, that I have relied 90% on coinbase and 10% on Indian-based miners for the funding of my enterprise for the last 11 months. I routinely pass thousands of dollars through them.
I just hired my first Philippine employee and less than 2 days after I transferred her payment to her Coins.PH wallet, I received a letter from Coinbase stating that my account had been closed. That was over 10 days ago. Besides what I consider a valid transaction (sending to a personal wallet), coinbase's support has not answered any of my replies.
I have since applied for bitwage and bitstamp, however, after several days both are in the "Pending review" stage. and I'm very desperate. I've started paying via Western Union but it's currently costing me and my employees a lot in fees.
Is there any other way to buy bitcoin while you're living in a foreign land that DOES NOT have easy access to BTC (it trades for $3,300 here and I can't get 0.5 BTC)? I am 12 1/2 hours shifted from the U.S., so it means I also have to have very strange hours to do localbitcoins, if that's even possible.
Due to FBAR and FACTA requirements, I do not have a single bank account outside of the United States, nor will I.
'''
Coinbase spontaneously closed my very active account. Cannot get BTC for foreign workers, not living in US, only US bank accounts. Help??
Go1dfish undelete link
unreddit undelete link
Author: hopeseekr
submitted by removalbot to removalbot [link] [comments]

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