Unocoin Launched Cryptocurrency Exchange

"India's leading cryptocurrency and blockchain company" launched multicoin cryptocurrency exchange
01 February 2018   493

Unocoin has announced the launch of a multi-currency cryptoexchange based on its bitcoin applications for iOS and Android. Now, Bitcoin Cash, Ripple, Ethereum and Litecoin are also available on the site.

Users can buy and sell crypto-currencies, as well as make deposits and withdraw funds using an account on the exchange. The platform works according to the market-making model and uses stop-limit orders. In addition, the commission is 0.4% of the transaction amount. The message also notes that in the future on-site support for new coins will appear.

Mobile applications Unocoin for iOS and Android were launched in October 2016. In September of 2017, the bitcoin-wallet team Blockchain. info also announced a strategic partnership with Unocoin. In addition, on Friday, January 12, bitcoin-purse added support for the Segregated Witness protocol and provided users with new bitcoins-addresses.

US Congressman to Call for Crypto Ban

As reported, Brad Sherman has called for a blanket ban on cryptocurrency buying
19 July 2018   77

American authorities should ban cryptocurrencies and mining. Such a statement on was made by Congressman Brad Sherman during the hearings of the Committee on Financial Services at the US House of Representatives, CoinDesk reports.

According to Sherman, in the future, cryptocurrencies may become a form of money, but at the moment they are used either by rogue states to bypass American sanctions or by individuals to evade taxes.

We should prohibit U.S. persons from buying or mining cryptocurrencies.

Brad Sherman

Congressman, US

At the same time, Norbert Mitchel, director of the Data Analysis Center of the Heritage Foundation, noted that the possible use of crypto-currency for criminal purposes should not stain other possibilities of digital currencies.

Yes it is true that criminals have used bitcoin, but it's also true that criminals have used airplanes, computers and automobiles. We shouldn't criminalize any of those instruments simply because criminals used them. Those components I believe are the main barriers to widespread adoption in the U.S.

Norbert Mitchel

Director of the Data Analysis Center, Heritage Foundation

As Eswar Prasad, senior professor at Cornell University, said, the existence of cryptocurrencies had the potential to impact the financial services system, particularly the payments system, in positive ways.