Luno Implemented SegWit Support

Level of SegWit support in Bitcoin network is still love
15 February 2018   319

Luno, provider of exchange and wallet, added support for the Segregated Witness (SegWit) bitcoting solution. This is reported in the company's blog.

We already implemented SegWit on Bitcoin send transactions in December 2017. This has significantly decreased the Bitcoin network fees that you pay when you send Bitcoin. By implementing SegWit internally, Luno has managed to reduce the send fees paid by customers by over 25% already. As customers start switching over to new SegWit addresses, this will translate into a further reduction in sending fees in the coming weeks and months.

Luno Team

Also representatives of Luno note that SegWit-addresses begin with the number '3', while 'old' legacy-addresses start with 1.

Note that the level of decision-making Segregated Witness in the crypto community is still low. So, according to the service, the share of SegWit transactions in the bitcoin network currently does not exceed 14%.

The company was founded in 2013 as BitX and rebranded in January 2017. Then it joined the regulatory sandbox of the UK Financial Supervision Authority. In addition to continental Europe, Luno also operates in Indonesia, Malaysia, Nigeria and South Africa.

Crypto-to-Crypto Trading to be launched at Zebpay

Leading Indian cryptocurrency exchange, Zebpay, has presented crypto-to-crypto trading on its platform
25 April 2018   82

Indian exchange Zebpay has started its first crypto-to-crypto trading pair. Instituted in 2015 and headquartered in Mumbai, Zebpay states to be India’s largest cryptocurrency exchange. In March, the firm declared that its app had more than 3  million downloads, “making it the most downloaded cryptocurrency app on both iOS and Android in India.”

Zebpay is excited to announce the launch of crypto-to-crypto trading. Now, you can easily exchange one cryptocurrency for another…The first pair we’re introducing is ETH/BTC. More crypto pairs coming soon. Crypto-to-crypto trading feature will be available in the new app update: Android version 2.0.14 and iOS version 2.0.24. 
Zebpay, Cryptocurrency Exchange, India

Crypto-to-crypto trading startup at Zebpay ensues the statements by the Reserve Bank of India (RBI), according to which banks and financial institutions under its regulation are prohibited from providing services to cryptocurrency exchanges.

The exchange representatives also declare they stay committed to keeping customer funds and assets secure, and are researching different options:

However, a sudden disruption in banking services could affect our ability to service deposits and withdrawals, until banking services are restored. Please keep this risk factor in mind while making your investment decisions. 
Zebpay, Cryptocurrency Exchange, India

The crypto community has been increasing in India. According to Zebpay, while it is estimated that 10 million Indians are investing in financial markets, 5 million Indians are claimed to be trading cryptocurrencies.

Looking at the Indian milieu, people have started looking at cryptocurrencies not only as an investment option but as a technology that is about to change the future of money. 
Mahin Gupta, CTO, Zebpay

Last month the exchange also collaborated with one of India’s largest tax filing platforms in order to help taxpayers with crypto-related taxes.