The Indian government will be introducing a new set of regulations for the cryptocurrency industry next month.

In a recent interview with Indian news outlet ET Now, Subhash Chandra Garg, the head of the newly-formed Indian government crypto panel, said he and his team are close to announcing a regulatory framework for the use and trading of cryptocurrencies in the country.

Regulatory uncertainties have surrounded the Indian cryptocurrency for quite a long period, significantly hindering a widespread adoption of blockchain in the country. Representatives of the tax department have called for an outright ban on cryptocurrencies, while other government officials seem to be open to the idea of a crypto future in India.

Earlier last month, the Reserve Bank of India issued an order barring registered entities from facilitating cryptocurrency transactions. Even though there has been no official ban on cryptocurrencies in India, the central bank’s blockade will impede crypto startups and trading platforms from treating fiat payments. The matter has now reached the Supreme Court in a class action lawsuit by numerous exchanges and interested parties with a historic hearing and potential judgment to be held on July 20th, 2018.

Read More: https://news.bitzamp.com/india-to-introduce-legal-framework-on-cryptocurrency-in-july/

Out of the thousand cryptocurrencies existing today, only six coins account for 70% of the total market volume, according to an analysis conducted by diar.

The report revealed that more than half of the trading volume of over 1,600 cryptocurrency markets was produced by the pairings of just five virtual currencies – BTC, XRP, ETH, BCH, and LTC, citing data from Coinmarketcap recorded on the 18th of June, 2018.

diar asserted that “liquidity [is] near non-existent on [the] majority of traded tokens,” as the entire market “remain pinned to the peaks and valleys of Bitcoin.”

Read More: https://news.bitzamp.com/only-6-cryptocurrencies-comprise-70-of-total-market-volume-how-does-the-remaining-30-fair/

                                                                          

Cryptocurrency and blockchain are disruptive technologies, revolutionizing the financial industry and the internet at a very fast rate.

Over the last couple years, the cryptocurrency industry has advanced at an unprecedented rate, gaining mass adoption among the financial experts. However, these assets have not been developed to serve financial pundits, but as a payment solution that can be utilized by any individual even with no financial skill.

With the beclouded nature of cryptocurrency industry though, many users finds themselves completely lost even before they begin. Finding a typical source of knowledge could be particularly overwhelming especially for an industry recording over $300 billion in market capitalization.

With the so-called cryptocurrency experts dominating the market, it becomes difficult for average traders to find a balance. In order to lower a user’s perception of risk and increase their interactions in the crypto ecosystem, it is paramount we boost their confidence – for this reason Bitsense was created.

Bitsense – An Interactive Crypto Hub

Bitsense is a one-stop cryptocurrency hub that merges the most popular cryptocurrency services into a shared virtual space where investors and enthusiasts can meet and interact.

The platform encompasses all the features of a digital economical ecosystem based on cryptocurrency into a singular platform, delivering to enthusiast the essential information that will help them achieve their individual goal in the crypto space.

It is a network where everyone benefits because all earnings are shared. Launched less than a year ago, Bitsense already boasts a large community with over 40,000 active users and still growing.

One Platform, Numerous Service.

Bitsense unifies all popular cryptocurrency services, and offers multiple cryptocurrency-related services (Ads Network, News Portal, Crypto Exchange, Event Portal, Token Marketplace, eLearning etc.) into one platform. The list of potential features of the platform can be infinitely extended, and will continue growing as the ecosystem evolves.

The cryptocurrency services currently offered by the platform include;

Ads Network:  The Bitsense Ads Network is designed to make advertising simple and productive. It enables publishers to monetize there website and promote their products on crypto and non-crypto related website for a near zero fee.

Bitzamp School: The Bitzamp School is an e-learning platform developed by Bitsense to give users and cryptocurrency newbies first-hand knowledge about the burgeoning industry. The platform offers Prediction and analysis about the various crypto coins and tokens.

Token Marketplace: The Bitsense Token marketplace gives investors an exclusive insight and analysis of new ICOs. The platform maintains a list of the most promising and attractive ICO projects.

Event Platform: It’s easier to predict cryptocurrency growth, when you know about upcoming events and milestones, such as hard forks, coin listing on exchanges and huge Partnerships. The Bitsense events platform provides all these information for users.

News Platform: The Bitzamp news platform provides accurate and timely information about developments in the cryptocurrency ecosystem and also innovations in financial technology.

Fundamental analysis is one important factor utilized by most successful traders to predict the cryptocurrency market movement. This takes into consideration the news, economic data and political events which is all provided in the Bitzamp News platform.

Crypto Exchange: Bitbegin is an advanced cryptocurrency trading platform built by Bitsense to enable the mass adoption of cryptocurrency in emerging economies. The exchange which is set to launch next month will enable users all over the globe to trade multiple cryptos for a near zero fee.

The platform offers a Seamless Verification Process and high security.

One Currency for All Services

Bitsense token (BINS) is the native cryptocurrency of the Bitsense network. BINS are ERC-20 compatible tokens distributed on the Ethereum blockchain which fuels the entire Bitsense network.

The tokens have a maximum supply of 10 million; with 50% to be distributed to the public via ICO and incentives while 40% will be used for marketing and project development. The remaining 10% will be held by the Bitsense team in an escrow account for a minimum of 36 months.

BINS can be used to send and receive value in a peer-to-peer system. It can also be staked to perform certain tasks and operations in the Bitsense network. The token is currently being traded on Tidex.

Bitsense is a very interesting project as it aims to bring greater financial inclusion for the entire crypto industry. The community engages in an interactive network where everyone assists each other to gain individual goals.               
 
                                                                                     

Read More: https://news.bitzamp.com/introducing-bitsense-the-shield-of-shared-prosperity/

D. Jane Mercer, the sole developer of Zcash’s windows wallet software, had threatened to halt further development of the clients and release a Zcash competition if he is not paid for his work.

The software developer who had previously being living off developer fees and donations for his work on the clients, reported on Tuesday that he has ran out of money and has been working for pro-bono for some time. Mercer had then threatened to split the network as a way to show his frustration and possibly receive funding from the community.

It worked out for Mercer who ended up receiving 80 ZEC, which is worth around $13,000. In a statement to CoinDesk, Mercer said that “People have thrown enough in the kitty for a few months living expenses, so that’s all well and good.”

Read More: https://news.bitzamp.com/zcash-pays-off-developer-to-prevent-blockchain-split/

It shouldnt be so easy to lunch a cryptocurrency. Launching operation takes less than 30 minutes in Ethereum and Waves platforms. Damn its so simple and easy. For this reason there are lots of scam projects, even a highschool student can launch his own cryptocurrency

Are you saying Akoin will turn to be a scam??

The Chinese government has just released its second monthly Global Public Blockchain Assessment Index, ranking EOS as the best among the rated projects.

The index, created by the Chinese Electronic Information Industry Development (CCID) , considers 3 factors in its assessment: technological capability, usefulness of application, and innovativeness. Out of the 30 evaluated projects, EOS topped the list with an overall score of 161.5.

Ethereum, which came first in the previous ratings, dropped to the second position with a total index of 138.4. NEO, Stellar, and Lisk respectively took the spots following Ethereum. Nebulas, the only new project in the index other than EOS, ranked 6th on the list.

Bitcoin, the father of all cryptocurrencies and by far the biggest project in terms of market cap, came in at 17th, a drop from its previous position as 15th. The CCID evidently found Bitcoin lacking in its technological capability and usefulness despite its innovativeness.

See the full rating here: https://news.bitzamp.com/bitcoin-drops-to-17-as-eos-ranks-first-in-chinese-govt-blockchain-index/

American R&B singer Akon, popularly known for hit song “Lonely”, has announced his own cryptocurrency “Akoin” at the international creativity festival Cannes Lions.

According to ICO Impact Group, Akoin has been “created to empower youth entrepreneurship and economic inclusion through an exclusive suite of sustainability and growth building crypto-based apps that offer immediate and ongoing new revenue-generating opportunities to stimulate micro-exchanges and financial stability in Africa and beyond.”

The "Don't Matter" singer has been spearheading Lighting Africa project aimed at harnessing solar power. With this cryptocurrency, he hopes to further help the continent..

Read More: https://news.bitzamp.com/akoin-rb-singer-akon-launches-own-cryptocurrency-to-bolster-financial-inclusion-in-africa/