Amid rising investments and Bitcoin futures products, the cryptocurrency market cap has crossed $250 Bn. Besides Bitcoin, Bitcoin Cash and Ethereum are two other cryptocurrencies that have shown remarkable growth this week. And, with every gain in Bitcoin Cash, the bloodbath between Bitcoin enthusiasts and Bitcoin Cash supporters gets real. Trading at $400, Bitcoin Gold is also set to jump into the ongoing war. Meanwhile, encashing the Bitcoin popularity and increasing price, one of the leading Indian payment gateway platforms Billdesk has launched cryptocurrency exchange Coinome.
Inspired by the latest success as Bitcoin soars at $8,200, the US-based online retailer Overstock’s CEO Patrick Byrne argues that Bitcoin is more powerful than physical, old-fashioned money. Patrick opines, “It’s about time the world switches to real money; either gold or bitcoin.” While Patrick may have a point there as Bitcoin is traded in almost over 60 countries legally, it is important to note that cybercrimes surrounding cryptocurrency have grown exponentially too. From the Mt. Gox fiasco to Tether, this week, the list is quite long.
Let’s take a look at the recent developments from the world of Cryptocurrency!
Billdesk Launches Coinome, A Cryptocurrency Exchange In India
One of the leading Indian payment gateways Billdesk has recently launched a cryptocurrency exchange Coinome in India. The exchange currently offers the trading of Bitcoin and Bitcoin Cash and aims to add 20 cryptocurrencies by the end of 2018.
Mumbai-based Coinome allows users to be onboarded via an instant e-KYC process. Under the process, a user needs to register his/her Aadhaar number, post which an OTP is sent for the verification and activation of the account. With Billdesk being the promoter of the exchange, Coinome will have an easy window to build trust and deal with cybersecurity threats, which are currently the key concerns of cryptocurrency exchanges across the world.