ZEBPAY INDIA
Bitcoin drops below $75,000 as strong US jobs data and ETF outflows weigh on crypto markets
The price of Bitcoin has recently fallen under $75,000, as strong US job data signals potential tightening of monetary policies. Trading at $74,796, Bitcoin is dealing with considerable strain from ETF outflows and liquidations. Analysts predict that regaining the $76,000 threshold could enhance its prospects. Additionally, Ethereum is under pressure, requiring a rise above $2,230 to gain any positive traction in the current volatile cryptocurrency market.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest daily gains, major cryptocurrencies remained under weekly pressure, with ETF outflows, macroeconomic data and market volatility influencing investor appetite.
Bitcoin SIP: Rethinking crypto investing through systematic plans
Indian investors are increasingly embracing systematic investment plans (SIPs) for market-linked assets, a trend now extending to digital currencies. Platforms like ZebPay are facilitating Bitcoin SIPs, allowing for disciplined, long-term wealth creation rather than speculative trading. This shift prioritizes consistent investing and financial discipline, mirroring a broader evolution in investor behavior towards strategic, gradual exposure in the digital asset space.
What is 1% TDS on crypto trade and how will it impact you?
While the industry players see this move as one of the most controversial provisions over the crypto taxations, the government believes that the new TDS mechanism is used to trace transactions and prevent tax evasion.
ZebPay launches electronic OTC desk for HNIs and institutional investors
The Electronic OTC desk also offers sophisticated APIs for automated trading which suits the needs of trading firms, quant funds, institutions, brokers, corporates, and algorithmic traders.
Crypto trading turnover more than halves since May as quick buck hunters vanish
Since June, the average volume at WazirX stood at $2.4 billion, which was similar to the levels at the beginning of the year. Data showed average volume at WazirX had spiked to an all time high of $6.2 billion in May from about $3.5 billion monthly volumes in January-April period. The recent correction in the digital token market has wiped out the speculators and quick buck hunters, said Siddharth Menon, COO, WazirX.
Now earn interest like bank savings account on your Bitcoin wallet
ZebPay Earn will support earnings on Bitcoin (BTC), Ether (ETH), Tether (USDT), Polygon (MATIC), Binance Coin (BNB), and Dai (DAI).
ZebPay sets up crypto-lending feature on its app
On Zebpay’s crypto-lending platform, depending on the term of deposit, users can generate returns of up to 3% on their Bitcoin, up to 7% on Ethereum and Dai, and up to 12% on Tether.
Now, deposit Bitcoins, other cryptos like bank FD & earn interest on them
ZebPay, one of the largest cryptocurrency exchanges in India, on Thursday said it would be launching a lending platform on which crypto investors would be able to lend their coins to the company to earn fixed passive returns. This will be on top of any capital appreciation.
India’s oldest crypto exchange seeks to double volume to $2 billion a month
ZebPay, a platform with about 4 million customers, expects to churn $2 billion worth of trades per month, said chief executive officer, Rahul Pagidipati.
Women investors’ interest in cryptocurrencies rising
On India’s cryptocurrency exchange ZebPay, the average ticket size of women investors increased to Rs 5.7 lakh in the September-February period, compared to Rs 3 lakh in the March-August timeframe last year.
Crypto-currency exchange Zebpay shuts shop
Zebpay said the exchange was unable to find a reasonable way to conduct the crypto-currency exchange business.
Bitcoin exchange app Zebpay pulls the plug following policy restrictions
'We are stopping our exchange. At 4 PM today, we will cancel unexecuted orders & credit your coins to your Zebpay wallet. No new orders will be accepted,' the company said in a statement.
Note ban: Zebpay, Unocoin & Coinsecure see surge in new users willing to experiment with bitcoin
Coinsecure founder Benson Samuel said the company registered a 300% increase in sign-ups in November and now has 90,000 users.
Demonetisation effect: Why cryptocurrency is gaining currency in cashless times
Post note ban, bitcoin exchanges have raised prices slightly to limit demand and push selling. Desi exchanges are now seeing 350-600 coins traded daily.
Bitcoin wallet Zebpay crosses Rs 100 crore turnover
Zebpay today said it has crossed Rs 100 crore turnover within 10 months of operations as more Indians are going for the digital currency.
Zebpay gets $1 million funding from angel investors
Zebpay, India's first mobile bitcoin company, has received about USD one million in series A funding.
Zebpay raises $ 1 million to develop bitcoin technology
A part of the funding will be used to develop the blockchain technology, which is used to record bitcoin transactions in a secured manner.
Bitcoin wallets go looking for funding at times of uncertainty with the regulators
Although RBI has not endorsed cryptocurrency as an official mode of exchange, Ahmedabad based bitcoin wallet company Zebpay has drawn a long term plan to expand ops globally.
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