Bitcoin India News: It has been a great end to the year 2017 with last 2 months having a great success for Bitcoin cryptocurrency lovers. Bitcoin progressed itself from around 50000-60000 Indian Rupees initially in January 2017 to the all-time high of 13 Lakh Rupees by end of the year. This attracted a huge amount of users towards cryptocurrency and trading in India and thus boosted all Indian exchange’s user base.
India’s biggest exchanges like Zebpay, Koinex, Unocoin, etc is filled with huge amount of registrations and KYC activation. These lead to great delays in activation procedure and recent news came up that Indian exchanges have temporarily discontinued registrations for such an overwhelming response.
To share such news on Bitcoin we are creating this news article for short and simple updates on Bitcoin with respect to Indian exchange and what Government of India is taking action against the defaulters and for the growth of cryptocurrency in India.
Each news will be the summary of actual news and we will be providing the best source for complete news. Every Bitcoin news in India shared below and their respective time stamps to make it easy for you to relate to the rise and fall of prices and what are the steps you need to take before any event occurs with respect to either Government of India or Indian exchanges or International news which may soon and immediately reflect effect on prices of cryptocurrency.
Bitcoin India News 2018
Date 15th Jan 2018: India could be the next Bitcoin Mining hub for most of the Chinese miners. After the restriction of mining in China, many miners are either going to Canada or thinking for India since according to DNA India report, India’s top cryptocurrency players have been approached by government officials to set up mining centers in the country. Source
Date 15th Jan 2018: According to Google Trends, Indian city Surat became the most curious about bitcoin globally in 2017. That is people from Surat city searched highest about Bitcoin all over the world. Source
Date 13th Jan 2018: UnoCoin enabled Segwit Addresses for Indian Customers.This is provided to all verified accounts on 12th Jan. Source
Date 12th Jan 2018: Hackers demand ransom in bitcoin after illegally accessing systems of Old Delhi traders. Traders were offered with decryption of five files free for initial and later demanded with the ransom in Bitcoin for the remaining files. Source
Date 11th Jan 2018: As per Livemint wesbite, Reliance Jio planning its own cryptocurrency called JioCoin. They build a team of 50-members professionals to work on blockchain technology for JioCoin, cryptocurrency. Source
We will be focusing more news on Bitcoin rather than other altcoins since ultimately they will be affected too with Bitcoin and also Bitcoin is known as the most trusted amongst all other cryptocurrencies as it is technically the father of all other coins.
The main motto of most of the Indian exchanges is to understand and solve the hurdle of understanding bitcoin and other cryptocurrencies. They are trying to make buy and selling of Bitcoin and other Altcoins as easy as chatting on WhatsApp or Facebook. The big giant like Zebpay played smartly by creating App only version since India have gained millions of smartphone customers last year and the maximum of them prefer mobile as a medium to connect with the Internet