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Bitcoin Price In Inr

Why Is There A Difference In Bitcoin Prices In Inr Versus Usd?

Why Is There A Difference In Bitcoin Prices In Inr Versus Usd?

Every exchange has different people on it with their own set of buy and sell orders which define the demand and supply and thus leading to a price change in different exchanges. Sometimes the exchanges try to manipulate a bit by keeping a big gap between buy and sell orders making it difficult for people to sell their bitcoins since they would be in loss by not having much people using their service. It is not just the case with bitcoin but every coin. In order to follow it, use Cryptocurrency Market Capitalizations | CoinMarketCap and go under market tab. You can see which exchange has what volume and what is their current price which shows a little difference in each exchange. As you might have noticed, Indian bitcoin prices are higher than international prices. I would like to clear out a few misconceptions. There is no single international price. Prices vary significantly between exchanges in different countries. As you will see from below screenshot taken on 15th June, 2017 at 11:30am, prices range from $2,232 (~ Rs 1,43,500) to $2,546 (~ Rs 1,63,600). Thats a difference of Rs 20,000. And we have seen higher differences also. And this is just a sample. Exchanges in many countries are not listed here. USD Prices of bitcoin across different exchanges (Tradeblock) as on 15th June, 2017 at 11:30am IST Our prices are not higher because we are fleecing our users. The price on Zebpay as on 15th June, 2017 at 11:30am is Rs 1,88,000 to buy bitcoins and Rs 179,800 to sell. The sell price is also Rs 16,200 higher than the highest price on an exchange above. And it is a whopping Rs 36,300 higher than the lowest price. However, we still dont have sellers in India willing to sell at this price. So we have two options. We keep increasing the sell price till we have sellers. And Continue reading >>

Live Btc To Inr: 1,076,698.44 Inr | Live Bitcoin Price In Indian Rupee Today Bitcoin To Indian Rupees.

Live Btc To Inr: 1,076,698.44 Inr | Live Bitcoin Price In Indian Rupee Today Bitcoin To Indian Rupees.

Bitcoin and other exchange rates are updated each second. Intraday rates start at 00.00 (UTC timezone) and finish at 23.59. The detailed prices are calculated in that interval. Last Update of Bitcoin Rates (UTC): December 14, 2017 - 14:33 Bitcoin is an electronical money unit that it never can be print or visually visible. It is a digital currency money that you can buy and sell in Bitcoin Market. Bitcoin is a money unit but it is not printed, like the other moneys as dollar , euro or pound. Bitcoin is used electronically and no one take the control of it. In short, bitcoin is a digital currency. You can monitor realtime bitcoin prices at live bitcoin price . It is a payment system based on digital currency. Bitcoin Mechanism: Bitcoin works behind a new technology based on digital money. It works as a mobile app that you can send and receive data. Just like that, if you have a bitcoin wallet, you can send BTC and receive BTC both. It is a digital wallet that you may pay with your bitcoins when you get a service. It works systematically with transactions as banks. Bitcoin network shares a public method (ledger: Block Chain).The chain contains all transaction processes which happened already. This ledger provides a permition to an user's computer to verify the validity of a transaction. Each transactions are protected by digital signatures corresponding to the "Sender Adress". The system provides that an user can control btc wallet to send bitcoins from his wallet. Bitcoin Owners: No one controls the Bitcoin Network. It is a technology like cloud, emails, apps, etc. All bitcoin users control the network around the world.Bitcoin Market: Economy markets are not open for all day but bitcoin markets are open 24-hour in 7 days. Price of Bitcoin may change in each second. You Continue reading >>

Bitcoin Price Plunges Below $6,000, Loses 65% In Just A Month

Bitcoin Price Plunges Below $6,000, Loses 65% In Just A Month

Bitcoins prices fell amid fears of regulatory crackdown JPMorgan Chase Bank told customers not to buy bitcoins via credit cards In cryptocurrency exchange Coinsecure, bitcoin fell to Rs 4.5 lakh Bitcoin prices on Tuesday briefly plunged below $6,000 before recovering to 7,243.31 at 11:45 pm against $17,150 one month ago on the Luxembourg-based cryptocurrency exchange BitStamp, declining by 65% (or nearly two-third of value). The bitcoin prices of bitcoins have plunged drastically in the past one month, chiefly because of the regulatory crackdown. On February 1, India's finance minister Arun Jaitley said the currency is not a legal tender and the government is planning a crackdown. Following this, the bitcoin price tumbled in the international market. Bitcoin Prices Lost Two ThirdValue In 1 Month. 5 things to know 1. Digital currency bitcoins fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoins by British and U.S. banks. British bank Lloyds Banking Group said on Sunday it was banning customers from using credit cards to buy bitcoins It joined U.S. banking giants JPMorgan Chase & Co and Citigroup, which announced similar bans on concerns the lenders could be held liable when the volatile currencies plunge in value. 2. A few days ago, Facebook announced a ban on advertisements for binary options, initial coin offerings and cryptocurrency. 3. Union finance minister Arun Jaitley said in his annual budget speech on Thursday, "The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these cryptoassets in financing illegitimate activities or as part of the payment system." 4. On BitStamp, bitco Continue reading >>

Bitcoin Climbs To $10k But Steve Wozniak Asks, 'who Stole My Bitcoin?' | City & Business | Finance | Express.co.uk

Bitcoin Climbs To $10k But Steve Wozniak Asks, 'who Stole My Bitcoin?' | City & Business | Finance | Express.co.uk

Bitcoin lies at $10,754, after it has been jumping around the $9,000 to $10,000 most of the weekend. Major bitcoin news is the Australian man who allegedly created bitcoin is being sued for $7.2billion. Craig Wright, the man who claims to have invented bitcoin not Satoshi Nakamoto is being sued by the family of his former business partner. Mr Wright who allegedly mined bitcoin with Dave Kleiman, a programmer who passed away in 2013 apparently seized Mr Kleimans bitcoins following his death. Mr Kleimans brother, Ira does not know exactly how many bitcoin was stolen but says it is likely to be around 300,000 and 1.1million. The lawsuit said: It is unclear whether Craig, Dave, and/or both created bitcoin. It is undeniable, however, that Craig and Dave were involved in bitcoin from its inception, and that they both accumulated a vast wealth of bitcoins from 2009 through 2013. 20.48 - UPDATE - Shaky news day for bitcoin but price remains steady Bitcoin is currently priced at $10,709. Todays news regarding bitcoin has been dominated byCraig WrighttheAustralian man who allegedly created bitcoin being sued for $7.2billion. Mr Wright who allegedly mined bitcoin with Dave Kleiman, a programmer who passed away in 2013 apparently seized Mr Kleimans bitcoins following his death. Due to this MrKleiman's family is suing Mr Wright. Despite this negative news towards bitcoin, the cryptocurrency has been steady for the later part of the day, even as other major cryptocurrencies fell. 19.19 - UPDATE - Bitcoin rising but at a very slow rateAccording to CoinMarketCap, bitcoin is now valued at $10,703. This is an improvement considering it started the day on $10,267.16.29 - UPDATE - Millennials are behind the craze of bitcoinMillenials are the biggest backers of bitcoin and cryptocurrencies Continue reading >>

Budget 2018: Bitcoin Prices Slump To Lowest This Year After India Clampdown

Budget 2018: Bitcoin Prices Slump To Lowest This Year After India Clampdown

Bitcoin has lost more than $44 billion in market value during January amid mounting concerns of increased regulation and the viability of the cryptocurrency. Photo: Reuters New York/Hong Kong: Bitcoin slumped to its low for the year after seeing more than $44 billion in market value lost during January after Indias finance minister Arun Jaitley announced a clampdown on cryptocurrency in Union Budget 2018. After reaching a record high of $19,511 on 18 December, Bitcoin has lost more half its value as the digital token has been weighed down by expectations of more government oversight globally, fears of price manipulation, the susceptibility of exchanges to hacking and lingering concern that its all just an asset bubble. Facebook announced a ban on cryptocurrency ads this week. Bitcoin declined as much as 8.7% on Thursday to $9,100, the lowest since November, in part on concern India may crack down on cryptocurrencies . That follows a spate of recent negative headlines, including a $500 million heist from a Japanese cryptocurrency exchange. News about India potentially cracking down on cryptocurrencies added to an already bad week in terms of headlines, said Andrew Se, cryptocurrency trader and co-founder of research website Cryptoprofile.com. Were still correcting as the rally had gone too far. Bitcoins dizzying 1,400% ascent last year, which created $200 billion in new wealth for investors, has made its 30% fall in January all the more painful. The $44.2 billion in market value lost last month is by far a record for the digital currency, whose entire market cap hadnt come close to that amount until 2017, according to price data from Coinmarketcap.com. Indias finance minister Arun Jaitley told lawmakers in New Delhi on Thursday the country doesnt consider cryptocurrenci Continue reading >>

Bitcoin Price Drops Below $8,000: Over $60 Billion Wiped Off Cryptocurrencies

Bitcoin Price Drops Below $8,000: Over $60 Billion Wiped Off Cryptocurrencies

Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued erased from the market in 24 hours. The price of bitcoin traded as low as $7,178.65 on Monday and sat below the $8,000 mark for most of the morning's trade, according to CoinDesk. It's the lowest price for bitcoin since November 16. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. On Friday, bitcoin fell below $8,000 for the first time since November 24. It then rose above $9,000 over the weekend before falling below $8,000 on Sunday. It was not only bitcoin that fell either. Other major virtual currencies, including ethereum and ripple , fell sharply in the last 24 hours. The market capitalization or value of the entire cryptocurrency market fell to around $350 billion around 11:23 a.m., ET, Monday, according to data from CoinMarketCap.com. This was a drop of around $67.7 billion in 24 hours. The digital currency world has been plagued by a string of worrying headlines. Tougher regulation has been a key factor weighing on price. On Monday, Financial News, a publication closely affiliated with the People's Bank of China, reported that the central bank will block all platforms related to cryptocurrency trading and the issuance of so-called initial coin offerings (ICOs) . Previously it had stamped out domestic cryptocurrency exchanges but it extended its crackdown to foreign platforms too. "In the future, any related (platform) will be closed as soon as it is found. At the same time, further regulatory measures will be taken with the future development of the situation," the Financial News reported. India's Finance Minister Arun Jaitley said last week th Continue reading >>

Bitcoin (btc) To Inr: Bitcoin Price In India | Bitcoin Price Inr

Bitcoin (btc) To Inr: Bitcoin Price In India | Bitcoin Price Inr

Bitcoin is an electronic money, so there are no coins or physical notes. It is decentralized: no authority and no government rules over Bitcoin, it belongs to no one. Bitcoin is exchangeable on the internet between two individuals without going through a third authority: it is peer to peer. It has no geographic limits, caps or clauses whatsoever. After reaching 2,90,829 INR on 1st September 2017, it was a huge run for Bitcoin following news alerts that China would be shutting down their crypto exchanges which led to 2,80,628 INR on 30th September 2017. Although Bitcoin Gold was launched but due to its low acceptance globally, Bitcoin started at 2,83,894 INR on October 1st 2017, whereby following market trends it has bounced back to 6,71,327 INR on 31st October 2017. Price of Bitcoin surged down to 4,55,433 INR on 1st November 2017 and steadily scaled up to reach 6,71,327 INR on 30th November 2017 as there was a commotion on the split of the Bitcoin network. Bitcoin relapses from 7,09,339 INR on 1st December 2017 which was due to disconnection of Bitcoin cash from Coinbase and it's price plunged up towards 9,47,519 INR on 31st December 2017. Bitcoin relapses from INR 900,299.60 on 1 January 2018 and its price plunged down to INR 637,142.41 on 31 January 2018. Bitcoin relapses from INR 644,042.50 on 1 February 2018 and its price rose up to INR 688,759.27 on 28 February 2018. The Bitcoin network is secured by minors who check all the transactions made on the network. Bitcoin is based on verified and secure transactions: it is a cryptocurrency. All Bitcoin network transactions are recorded and anyone can access it at any time. The source code of Bitcoin is open, anyone can consult it. At a time when more and more alternative payment services are emerging, the Bitcoin proto Continue reading >>

Bitcoin Price Live: Btc Falls As India Plans 'to Make It Illegal As A Payment System'

Bitcoin Price Live: Btc Falls As India Plans 'to Make It Illegal As A Payment System'

Bitcoin price LIVE: BTC falls as India plans 'to make it illegal as a payment system' BITCOIN'S price sunk to a low of $7,362 as India moots plans to ensure cryptocurrencies are illegal within its payments system, while at the same time appointing a regulator to oversee unregulated exchanges that trade in crypto assets. Lloyds bank have banned crypto transactions on its credit card Bitcoin mother of all bubbles will BURST says 'Dr Doom' Bitcoin is currently down at $7,940 on the day so far after UK high-street bank Lloyds banned all cryptocurrency payments on its credit cards. The ban extends to other household names in the banking giant's credit card family including Bank of Scotland, Halifax and MBNA. Wallet holders would have been hoping for a better start to the week but news of another mainstream finance firm being spooked by price volatility and regulatory threats means that other credit cards retailers around the world will be studying the fallout from Lloyds' ban. The Lloyds group has over eight million credit card customers and the ban stems from the fear that customers began buying cryptocurrencies to make a quick profit in the run-up to Christmas. However, with the price now significantly below the mark many UK buyers paid for their cryptocurrencies, Lloyds' customers are now servicing a debt much higher than the worth of of the digital tokens in their wallets. Lloyds is concerned about its exposure to crypto-risk as it could end up footing the bill for unpaid debts should the price continue to fall. A Lloyds spokeswoman told the BBC: "We continually review our products and procedures and this is part of that." A number of US credit card firms have also banned crypto purchases on credit cards. Bank of America began blocking cryptocurrency purchases on Friday Continue reading >>

History Of Bitcoin - Wikipedia

History Of Bitcoin - Wikipedia

Number of bitcoin transactions per month (logarithmic scale) Bitcoin is a cryptocurrency , a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities . [1] The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Prior to the release of bitcoin there were a number of digital cash technologies starting with the issuer based ecash protocols of David Chaum [2] and Stefan Brands . Adam Back developed hashcash , a proof-of-work scheme for spam control. The first proposals for distributed digital scarcity based cryptocurrencies were Wei Dai 's b-money [3] and Nick Szabo 's bit gold . [4] [5] Hal Finney developed reusable proof of work (RPOW) using hashcash as its proof of work algorithm. [6] In the bit gold proposal which proposed a collectible market based mechanism for inflation control, Nick Szabo also investigated some additional enabling aspects including a Byzantine fault-tolerant asset registry to store and transfer the chained proof-of-work solutions. [5] There has been much speculation as to the identity of Satoshi Nakamoto with suspects including Wei Dai , Hal Finney and accompanying denials. [7] [8] The possibility that Satoshi Nakamoto was a computer collective in the European financial sector has also been discussed. [9] On 18 August 2008, the domain name bitcoin.org was registered. [10] Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System [11] was posted to a cryptography mailing list. [10] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic tra Continue reading >>

India: Two Crypto Exchanges Halt Trading, Blame Discouraging Government Stance

India: Two Crypto Exchanges Halt Trading, Blame Discouraging Government Stance

India: Two Crypto Exchanges Halt Trading, Blame ‘Discouraging’ Government Stance Crypto exchanges BTCXIndia and ETHEXIndia will stop their crypto trading by March 1 and 5 respectively, citing the government’s stance on crypto. Crypto exchanges BTCXIndia and ETHEXIndia have informed their customers via email that they are stopping trading activities, citing the “stress” on their business caused by governmental actions discouraging crypto, local Indian news outlet the Economic Times reported yesterday, Feb. 28. BTCXIndia and ETHEXIndia’s websites both currently display a message to customers informing them that any deposits received after Jan.1 will automatically be sent back to the investor’s bank account. According to the email, BTCXIndia was opened in 2014, and the exchange then opened ETHEXIndia opened two years later. BTCXIndia customers are told they have until March 4, 2018 to withdraw their funds in either Bitcoin (BTC), Ripple (XRP), or the rupee (INR) before an annual wallet maintenance fee is applied. The exchange’s Ripple/INR trading will be halted on March 5. There is no trading data for BTCXIndia listed on CoinMarketCap . ETHEXIndia customers are told they had until Feb. 28 to withdraw their funds in rupees or   Ethereum (ETH), and that trading will halt today, March 1, 2018. ETHEXIndia is currently ranked 163 in exchanges by 24 hour volume on CoinMarketCap , with a 24 hour volume of around $15,724 by press time. BTCXIndia’s email cites the Indian Finance Minister’s Feb. 1 budget speech that spoke negatively of crypto’s use in “illegitimate activities” as the reason behind their decision to halt their crypto trading. “As we heard in the budget speech, the Indian government is discouraging cryptocurrency trading. This has been cl Continue reading >>

Btc Touches 4000 Usd (2,60,000 Inr) In Indian Exchange Zebpay [1st Feb 2018]

Btc Touches 4000 Usd (2,60,000 Inr) In Indian Exchange Zebpay [1st Feb 2018]

Why Did Bitcoin Prices Drop to $4000 in India? Bitcoin prices in every cryptocurrency exchange are dependent upon the demand and supply in that region. It might be possible that this drop in the prices was caused by the fact that the Indian annual budget for the financial year 2018-19 was being announced where the Finance Minister stated that Bitcoin is not a legal tender in India. The curious thing here is that the Finance Minister Arun Jaitley has made these statements time and again, at least three times in the past two months itself. However, it is expected that most of these statements went unnoticed because an overwhelming majority of the nation does not watch daily proceedings of the parliament. However, on budget day, hundreds of millions of Indians follow the parliaments updates. Hence, Jaitleys statement had a major impact today. However - the panic likely arose from the fact that people who began to sell cryptocurrencies were not able to interpret the statement of the Finance Minister. The Finance Minister stated that Bitcoin is not a legal tender in India, which many people assumed that Bitcoin is not legal in India. This created fear and panic in the markets. However, there is a big difference between being not legal and not being a legal tender. If it was declared not legal, it would have meant that India is imposing a ban on cryptocurrencies (which many people actually assumed). However, what the Finance Minister actually meant was that Bitcoin is not a government backed currency and that the government of India is not responsible for any losses that traders might occur while dealing in it. It might be this misinterpretation of the Finance Ministers statement during the union budget that caused people to start selling their Bitcoins on Zebpay and other s Continue reading >>

Xe: Xbt / Inr Currency Chart. Bitcoin To Indian Rupee Rates

Xe: Xbt / Inr Currency Chart. Bitcoin To Indian Rupee Rates

Our currency rankings show that the most popular Bitcoin exchange rate is the XBT to USD rate. There is no official ISO currency code for Bitcoins, although XBT is commonly used. The currency symbol is Our currency rankings show that the most popular India Rupee exchange rate is the USD to INR rate. The currency code for Rupees is INR, and the currency symbol is . Continue reading >>

Bitcoin Price Slides Again As India Announces Ban Plan | Fortune

Bitcoin Price Slides Again As India Announces Ban Plan | Fortune

The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoins already-sliding value further down the slope. At the same time, Jaitley indicated that the government has a different attitude toward the blockchain technology that underpins cryptocurrencies and can be used for a variety of other purposes. The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system, Jaitley said Thursday in his 2018 budget speech . The Government will explore use of block chain technology proactively for ushering in digital economy. The news likely contributed to a 6.5% drop in Bitcoins value over the last 24 hours, leaving the most popular virtual coin at the $9,625 mark. Bitcoin, which briefly neared $20,000 in early December, has had a dreadful time since then, partly thanks to regulatory moves against it in South Korea . Its slide made cryptocurrency investors $44.2 billion poorer in January alone. The Indian finance minister pronouncement does at least clear up the governments intentions regarding Bitcoin. It started probing illegal exchanges in December, and also established a panel to work out new policies. The distributed-ledger technology known as blockchain, however, is becoming increasingly popular with policy makers as it promises great efficiency and security for things like land registries. Indian states started examining that potential last year. Update: At least one Indian bitcoin wallet provider, Unocoin, believes Jaitleys words have been misinterpreted: Based on the #UnionBudget2018 announcement, there is no change in government's stance Continue reading >>

Bitcoin To Inr - India Bitcoin Chart & Inr Conversion Rates For Today

Bitcoin To Inr - India Bitcoin Chart & Inr Conversion Rates For Today

We offer an easy way to compare the price of bitcoin to INR with our charts and currency exchange rate. Bitcoin aka Internet Money aka Future of Money is the talk of the town. If you havent been living under a rock for the past 6 years, you must have heard about Bitcoin by now. Bitcoin has come a long way after debuting in 2009 when the financial crisis was still underway. Back then one Bitcoin was worth less than a dollar. 2016 was a remarkable year (and it looks like 2017 will be as well) for Bitcoin. There were some scalability innovations that took place and the price per Bitcoin reached the highest in over two and a half years. Bitcoin is a great deal for small businesses. When you swipe your card every time you shop, the store has to pay a hefty card processing fee. Those fees significantly shrink when customers shop using Bitcoin. Also in developing countries where people dont have bank accounts but do have phones, Bitcoins can play a major role in how people transfer money to one another. India is a great example of this where Bitcoin is thriving, partly due to demonetization . Though, a vast majority of India is still unaware about Bitcoin. In a bid to fight corruption and terrorism, on November 8, 2016, Prime Minister of India Narendra Modi shocked the nation by demonetizing Rs. 500 and Rs. 1000 currency notes sparking a new interest in the digital currency and other cashless mechanisms such as internet banking, digital wallets, credit cards etc. The demonetized notes amounted to 86% of Indias cash in circulation . India is a country where 87% of transactions are done in cash. Chaos was inevitable. This resulted in long queues at the ATMs and banks for weeks. There was not enough cash with the banks to dispense. People holding cash could deposit their money i Continue reading >>

Bitcoin Price Chart Indian Rupee(btc/inr)

Bitcoin Price Chart Indian Rupee(btc/inr)

Read the Disclaimer : Trading is a highly risky activity. Do consult your financial advisor before making any decisions. CoinGecko will not be responsible for any trading decisions. Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at [email protected] Like what we are doing? Donations are welcome! Continue reading >>

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