CoinDCX is India’s largest and safest cryptocurrency exchange

CoinDCX

**GLOBAL, Global, July 4th, 2024/Chainwire/--**Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM. "We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world's most dynamic crypto markets." - Louis Tsu, CEO of Venom FoundationRajagopal Menon, VP of Marketing at WazirX, said, "VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.” India: A Key Market for Venom As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption. Listings on WazirX and CoinDCX WazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs. CoinDCX: CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs. Key Highlights Vast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India. Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets. Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement. Conclusion The listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it's presence in the global crypto landscape. About Venom Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/ Contact Venom Foundation media@venom.network This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **GLOBAL, Global, July 4th, 2024/Chainwire/--**Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM. "We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world's most dynamic crypto markets." - "We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world's most dynamic crypto markets." - Louis Tsu, CEO of Venom FoundationRajagopal Menon, VP of Marketing at WazirX, said, "VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.” Louis Tsu, CEO of Venom FoundationRajagopal Menon, VP of Marketing at WazirX, said, "VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.” India: A Key Market for Venom As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption. Listings on WazirX and CoinDCX WazirX : As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs. WazirX WazirX CoinDCX : CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs. CoinDCX CoinDCX Key Highlights Vast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India. Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets. Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement. Conclusion The listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it's presence in the global crypto landscape. About Venom Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Venom Venom Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/ https://venom.foundation/ https://venom.foundation/ Contact Venom Foundation media@venom.network This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Venom Expands Into India With Dual Listings On WazirX And CoinDCX

Ethereum Dencun Upgrade: Everything You Need to Know

The Pandemic Push and the Rise of the Indian Gaming Industry According to TMT predictions of , India is among the top five mobile gaming markets worldwide, accounting for 13% of the worldwide game market. About 65 percent of India's population (1.3 billion) is under the age of 35. India's median age is only 29, which is fairly young compared to China (37) and Japan (48) and provides a substantial market base for gaming companies in India. The pandemic accelerated the onboarding into gaming platforms and increasingly, people from rural areas and women were also entering the gaming market, turning the core demographics of the gaming industry. Deloitte The gaming industry in India is to grow much faster (at a CAGR of 40%) than the gaming industry around the world (at a CAGR of 9%). India had the most mobile game apps downloaded in 2019, with 5.6 billion. This is the most of any country in the world. is that more and more people want games like poker and rummy to be legalised as games of skill. Also, games with an Indian theme are more fun to play and would be more popular in rural areas if they had an Indian theme. expected One key trend Gaming Platforms are Bringing Millions of Gamers to Web3 , an India-based venture with a global web3 game discovery and wallet application, raised $2.5 million in a fundraising round spearheaded by Hashed Emergent with participation from Beenext and current investor Prime Venture Partners, intending to bring millions of gamers to web3. Glip According to Tak Lee, Managing Partner of Hashed Emergent, the gaming industry will be instrumental in bringing the next billion users to Web3. There are currently two primary obstacles in Web3 gaming: the absence of distribution channels and the complexity of user onboarding. The team at Glip has made a platform that works well for both, which is why Hashed Emergent is excited to work with them. In addition, continues to sign web3 games such as Axie Infinity, League of Kingdoms, and KOF Arena by Netmarble to increase user registration and engagement. Glip : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking. The author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program Why India is a Demographically Important Region for DeFi and GameFi India is a significant region for the development of blockchain and cryptocurrencies. Over the years, several local exchanges such as CoinDCX, Zebpay etc have achieved great success in India. Over 2 million users actively use the Glip platform today. Despite having an Indian base, the team serves a worldwide clientele. Glip has raised $6 million in various fundraising rounds. Prime Venture Partners, Better Capital, iSeed, and a number of angel investors took part in its Seed A round. By onboarding 1 million players within the project's first three months, it experienced good success right away. Over 7 million people have downloaded its smartphone app in Brazil, India, and Southeast Asia. Ishan Shrivastava, Glip's chief operating officer and founder, stated that the company has a pipeline of more than 100 games from leading publishers worldwide and will soon have a self-service dashboard to run campaigns, obtain user feedback, and do analytics. What Is Glip? , the most popular web3 gaming app in India, is expanding quickly. High school gaming buddies and second-time founders Parth and Ishan founded it amid the first Covid lockdown in 2020. Since then, the company has undergone a series of quick transitions. Players can find new web3 games in one app, follow tutorials, and participate in competitions and quests. When they log into the app, they receive a social login, non-custodial, multi-chain, gasless wallet. Glip According to Parth Choudhary, CEO and founder of Glip, their objective is to become the largest web3 gaming platform in the world. With a gaming community expanding organically and collaborations with web3 games, Glip is set to become a dominant player. Don’t forget to share and like the story! Image credits: and . Florian Olivo Onur Binay

Glip Records 7 Million Downloads Bringing Web3 Gaming to the Masses

Blockchain, the technology behind cryptocurrencies, is creating a plethora of opportunities for job seekers. Both students and seasoned tech professionals have opportunities to carve a career in this consistently growing technology. For tech professionals who lost their job during this pandemic, the technology offers a respite from a large number of job vacancies around the world. In India, Naukri.com, a web-based Job portal, currently reveals 20,500 blockchain-related jobs, upon looking up the keyword blockchain. Similarly, LinkedIn India shows 900 blockchain jobs upon search. A LinkedIn report, reveals blockchain as a hard skill in high demand, beating cloud computing skills, artificial intelligence, and cybersecurity, which were the most in-demand skills in 2019. What’s more, job opportunities are expected to grow further after the Supreme Court lifted the ban on cryptocurrencies in India this year. Several prominent blockchain start-ups have come up and many more are flourishing in the space. What is blockchain technology? ** **is a distributed ledger technology (DLT) that allows businesses to create a tamper-proof decentralized data network. Supply chain, fin-tech, banking, retail, and many other industries are using technology to create more transparency in business operations Perr increases the efficiency of the business processes. The adoption of technology across financial institutions has grown significantly, accelerating the pace of banking operations. Cross-border payments are cheaper and faster due to the elimination of middle services. Food all which earlier would take a week now can take place in less than a  minute giving supply chain companies more control. Blockchain Growth of the blockchain industry Both blockchain-based applications (Dapps) and cryptocurrencies are growing around the world. According to Statista, spending on blockchain technology solutions may reach up to $15.9 billion by 2023. Cryptocurrency exchanges are growing phenomenally. WazirX, CoinDCX, and CoinSwitch are a few exchanges that are leading the growth of the cryptocurrency market. As the cryptocurrency market matures, demand for new roles like blockchain engineers, crypto community managers, etc. is increasing as well. This is a good time for students or anyone who wants to start a tech career. The supply of blockchain talent is short in the Indian market. Demand for blockchain professionals After the Supreme Court lifted the ban on cryptocurrencies, cryptocurrency exchanges have grown in the industry. Hiring across blockchain-based products and cryptocurrencies is witnessing a spurt. Blockchain technology is relatively new in the industry, which is making it challenging for employers to find skilled talent. Companies are struggling to find talent that meets their needs. Nischal Shetty, Founder of WazirX, a Mumbai-based cryptocurrency exchange, says “We’re actively hiring in India to fuel our growth. Though the demand is high, skills in blockchain and cryptocurrencies don’t exist in India.” The lifting of the ban on cryptocurrency will accelerate the growth of the industry and will give rise to new job roles. Blockchain engineers, community managers, and crypto economists are a few roles that will see a spurt of demand, adds Sumit Gupta, Cofounder, and CEO, of CoinDCX, a Mumbai-based cryptocurrency exchange. Start-ups are collaborating with ed-tech start-ups to impart requisite skills and develop the talent required by the company. Blockchain Certifications, training, and courses have grown to meet the demand for upskilling. Wazir X, for instance, has partnered with five ed-tech companies including Indian Blockchain Institute, Corum8, Zubi, Qualki Academy, and Inbox Academy to offer training to meet its demand for blockchain professionals. Many start-ups are educating students at universities and colleges to propagate knowledge of blockchain technology via webinars and workshops, to spread awareness and pique interest among the students. Worldwide, CBCA (Central Blockchain Council of America), Blockchain Council, and other blockchain professional certification institutes have emerged to offer skill development programs to excel in a blockchain career.

Blockchain Creates New Career Opportunities

“ .” - My father points out every time we drive by there. That shopping mall you’re seeing was built on the land I refused to buy for a thousand bucks a few years ago There is nothing any of us could do to turn the tables of time. I think many of you can resonate with this situation in your own lives. Sorry for taking you to the past, but let’s learn the lesson of what life has taught us. Never wait for years to invest in something meaningful to regret it later. The right time is today. By no means, this statement means that you should make decisions in haste and put all your money at risk. Research opportunities, research again and . This article will help you begin your journey with cryptocurrency exchanges. invest wisely Opportunities With Cryptocurrency It’s painstaking to thoroughly understand the dynamics of crypto for young adults. No one is 100% certain about the future of crypto, but one thing is for sure, and that is that the future is online. With conventional investments not providing scalable returns, it makes sense for one to explore and identify investment opportunities online. With a plethora of crypto investment options emerging online, it requires research and understanding of the market to invest better and reap returns. Image source: knoema The above image is enough proof that the future of Cryptocurrency is on the up and so are the fortunes of cryptocurrency traders. Keep reading and explore places where you can shop and check : bitcoin price Top Cryptocurrency Exchanges of 2021 WazirX Started in 2017, WazirX has crossed the landmark of 6.5 million investors in India. Global Cryptocurrency Giant Binance Holdings recently acquired the cryptocurrency platform. Users can buy and sell cryptocurrencies from the comfort of their homes using their Mac, Windows, iOS and Android devices. The company has a solid user base, which is essential when you are based in the second most populated country on earth. CoinDCX Founded in 2018, CoinDCX has a strong user base of close to 4 million investors registered on its platform. The Mumbai-based crypto exchange deals in 200 plus cryptocurrencies with zero fees on amount deposit and withdrawal. Investors love CoinDCX for its user-friendly approach to crypto trading with Minimal trading fee charges. UPI & IMPS payments are also accepted here. Moreover, the company offers a wide variety of products and services that helps traders with financial advisory. CoinSwitch Kuber CoinSwitch is another trading option for cryptocurrency geeks in India. This platform is ideal for beginners; it is a haven for traders who want a clean user interface to keep them motivated. Since its inception in 2017, it has carved a small niche for itself with its user-friendly trading mechanism. CoinSwitch allows its 3 million registered users to sell and buy stakes in more than 100 cryptocurrencies. They are very aggressive in marketing and onboarded many high ticket advertisers like the Indian Premier League (IPL) to boost their visibility. How to Open an Account The process of opening a Crypto account is the same on almost all exchanges. For reference, let’s take the example of WazirX: Download the WazirX app or visit the official website of WazirX. Go to the sign-up option and click it. Enter your email id and choose a strong password. Check your email account and click on the activation link. Go through the terms and conditions and press the checkbox. Click on the Sign-up button to finish. Secure Your Account Image source: pinterest Make sure you enable 2-factor authorization for your account. Download the Google Authenticator app and connect your account to add an extra layer of security. KYC Verification Last but not least is KYC verification. KYC is compulsory for everyone who wants to trade crypto online. Here are the steps: Go to the profile tab and click on profile verification. Fill in all the details and upload scan copies of your identification proof. Provide your bank details for adding and withdrawing money. Upload other documents like PAN card, Aadhar and your recent photograph. The crypto exchange will verify your details before approving your account. Once your account is approved, you can start transacting. Image source: Pinterest Make sure you have a thorough understanding of processes and g cryptocurrency investments. hidden costs for acquirin The Advent of NFTs NFT is a short-form for non-fungible tokens that represent real-world objects. These are digital assets that are coded in the same manner as cryptocurrency. The only but stark difference between crypto and NFT lies in their consistently inconsistent value. NFTs To put it in simple words, bitcoins and dogecoins can be exchanged for one another but not NFTs. The disparity happens because 1 Bitcoin will be equivalent to 1 Bitcoin in every place in this world but not NFTs. NFTs represent unique real-world objects and hence can’t be replaced by one another. Launch of Secondary Market for NFTs Not all cryptocurrency exchanges deal in NFTs, but some do; WazirX is the one leading. Since the inception of NFTs a few years back, it has been on the radar of many trading platforms. WazirX has taken an early lead at the top as one of India's most prominent NFT markets. The company claims to have already sold over 1200 digital collectables from an extensive array of fields. NFT marketplaces provide the creators with a great way to capitalize on unique assets, engage with their fans, and potentially generate revenue while staying ahead of the curve and keeping pace with innovations in commerce and technology." Introducing a secondary market increases NFT availability and the introduction of royalties for indie or independent local creators that won't obtain the exposure they deserve any other way. The Future of NFTs It remains to be seen how users will respond to NFTs. Furthermore, it's also unknown how much growth the NFT Marketplaces will enjoy in the long run. However, this move marks a significant shift in attitude by the Indian population and the country. The successful introduction of an NFT market by a developing economy like India shows the importance of crypto in modern times. To sum up: To invest or not to invest was never the question. Those who are passionate about crypto are keener in research and understanding the risks involved before making an informed decision. before starting out dumping money. Do your research before investing. Get hold of basics of crypto investing

Top Cryptocurrency Exchanges in India to Spoil Rotten With Your Hard Earned Paper 

The very nature of blockchains or distributed ledger systems entails a public ledger of transactions. By this logic, blockchains offer the simplest means of keeping self-audited immutable records without having to use any third party service. To check the records, just go to an available blockchain explorer (for example, for Ethereum), type in your wallet address and get the list of transactions to and from that wallet. etherscan But what happens when you have multiple places holding your crypto – some on self-hosted wallets (like Ledger, Metamask etc.), some on centralised exchanges (like Binance, CoinDCX etc.), some pooled/staked on DEXes (like Uniswap, Sushiswap etc.) and some held on custodial platforms (like ParJar, Dharma etc.)? How do you reconcile transactions from different places? This becomes even more complicated when you have wallets for multiple chains – Bitcoin, Ethereum, Stellar, Binance Chain, IOTA (IOTA is not a blockchain but a DAG; but that is not relevant here), EOS, and so on. There’s no explorer that traverses across chains. On top of this, there are no explorers that indicate the nature of transactions – airdrops, mining rewards, staking returns, swaps, or sends. Hence, it is necessary for us to keep separate records of our cryptocurrency transactions to be able to have an audit trail. The more detailed the better. Keeping this record helps in accounting reconciliations, tax filing and is a good practice for handling personal finances. This has become all the more necessary now in the backdrop of a possible FinCEN (Financial Crimes Enforcement Network) push to tighten KYC/AML rules with regard to exchanges dealing with self-custody wallets. Moreover, the institutional inroads into crypto this year (MicroStrategy, PayPal, MassMutual, etc.) means that there will be increasing regulatory glare into cryptocurrency transactions and more tax notices going out than ever before. There are also talks of SEC suing Ripple for allegedly issuing unregulated securities, which means authorities are not blinking before going after crypto giants. Hence, as an individual, you will stand to gain if your accounts are in order when tax filing day comes. There are various platforms outside of blockchain explorers available for doing exactly this – starting from portfolio trackers to tax reporting tools to DeFi managers. Here are a few services that I tried recently to start organising my personal record keeping process. Accointing.com aims to be a one-stop solution to track, manage, and report transactions over different crypto exchange and decentralized platforms. What sets Accointing apart from other such crypto tracking/management platforms is that it also allows users to easily generate their crypto tax report, customized according to their country of residence. Accointing.com You can connect your wallets and exchange accounts to Accointing’s platform through API keys or CSV, and seamlessly track your transactions. Accointing supports over 300 wallets and exchanges, as well as direct connection to Uphold and Coinbase. The list of supported wallets includes Atomic, Bread, Exodus, Ledger, MetaMask, Mycelium and Trezor, while the crypto exchanges include Binance (both CEX and DEX), Kraken, KuCoin, Poloniex, FTX, Idex, BitMex, Bithumb and Bittrex. Accointing.com’s dashboard provides an overview of portfolio over multiple wallets and exchanges You can also enter your wallet addresses to track and import transactions over various blockchains. Once imported, transactions can be classified to properly calculate gains and losses. Investors can get insights on their investments and trades, see the average buy price, profit/loss, and much more. A unique ‘24h-Performance vs Others’ feature lets you compare the performance of your portfolio with more than 40,000 crypto traders. Accointing provides an insightful feature-rich dashboard to help track transactions and portfolio performance in real-time. You can review the performance of the overall crypto market, analyze your trade performance, research trending tokens, add them to your personalized watchlist, and set up price alerts to utilize market trading opportunities. Apart from the website, mobile apps are also available on both and platforms. Android iOS Accointing.com provides unrealized gain/loss data for every coin As for the crypto tax feature, Accointing not only helps users create country-specific tax reports, but it also provides various suggestions related to the filing of taxes. For example, investors can check whether they benefit from tax-loss harvesting, and whether they are in a long term or short term gain for every coin. A comprehensive guide is also provided which explains the basics of crypto taxes. Crypkit is a full-fledged crypto asset and transaction tracking/management platform, specially designed for advanced portfolio management and crypto accounting. Most crypto tracking and record keeping solutions are aimed at retail investors, but Crypkit’s platform can also be used by crypto fund managers, miners, DeFi users and professional investors. Crypkit Crypkit lets users track transactions from crypto exchanges, wallets, blockchain addresses, DEXes, smart contracts and DeFi platforms, and amalgamate all of them into a single accounting suite. Users can classify and tag their crypto transactions, create journal entries, and publish accounting reports, which helps in a more streamlined record keeping. Crypkit lets users add transactions from CEXes, DEXes, blockchain addresses and DeFi platforms Crypkit currently supports most major exchanges (including Binance, Bitfinex, Bithumb, BitMEX, Bittrex, HuobiPro, Kraken, KuCoin, OKEX, and Poloniex), DeFi protocols (like Aave, Bancor, Compound, dYdX, Synthetix, and Uniswap), and DEXes (such as Gnosis Protocol, Kyber, and 0x). More DeFi platforms and DEXes are planned to be supported in the future. Exchange transactions can be tracked by providing read-only API keys. For wallets and DEXes, you just have to insert your blockchain address and Crypkit automatically starts recording transactions. You can also track your staking (only XTZ, DCR, ATOM and SNX currently), farming and mining records through Crypkit. The Crypkit dashboard provides a comprehensive summary of portfolio One of the most important benchmarks investors consider when choosing a fund manager is the Net Asset Value (NAV). Crypkit lets fund managers automatically calculate and view their NAV, fees and shares of each investor. They can also generate performance charts benchmarked against crypto or fiat currencies, and share them with investors, allowing them to easily compare different fund managers’ performance. Maintaining data on the price and date of purchase is always a headache. Crypkit solves this by saving a snapshot of the portfolio every day. Professional investors and fund managers can use this feature to view their historical portfolio data and assess their performance over time, while retail investors can find this useful for accounting and tax filing purposes. Zerion provides an extremely convenient way for users to not only track and record DeFi transactions, but also build and manage their DeFi portfolio. Zerion aims to be a complete solution for the entire DeFi journey – exploring new assets, placing a trade, investing in complex primitives, recording transactions and tracking portfolio, all from one place. Zerion Zerion has integrated major DeFi protocols, DEX aggregators and liquidity pools, including Uniswap, Balancer, Curve, 1inch and 0x. By sourcing prices from these platforms, Zerion offers the best rates to investors, and lets them buy and sell DeFi tokens in a single transaction. These trades with optimized routing are made possible through , a library of smart contracts that acts as a universal adapter for every DeFi protocol. DeFi SDK Connect your MetaMask wallet or input your Ethereum wallet address to track all your ERC20 assets on Zerion’s platform DeFi investors can use Zerion to explore the entire DeFi marketplace, search, filter and evaluate DeFi assets, track trending projects and tokens, and compare historical returns. Individual asset pages are provided for every DeFi token, which host historical performance, key metrics and relevant project information. Zerion also provides a dynamic overview of trending assets and protocols, including reward tokens from yield farming and liquidity pools. Zerion directly works with Web3 wallets like MetaMask and hardware wallets like Ledger. You can also enter your Ethereum address to track wallet transactions, and use the History page to see your previous transactions directly on asset pages. Push notifications are also available to keep investors constantly updated with their portfolio. Zerion integrates a range of DeFi liquidity pools and lets users instantly swap their tokens Zerion’s platform lets users check their net worth with an aggregated view for multiple wallets, see full wallet history, and dive deeper with advanced ROI metrics. Apart from the desktop website, Zerion also provides mobile apps for both and users, letting them seamlessly track and manage their portfolio, and view the entire DeFi market on the go. Android iOS Crypkit, Accointing and Zerion are just some among many crypto accounting platforms out there. I found these three to be rather comprehensive and easy to use. What’s important is to start the habit of noting down any and all transactions. Set up notifications for your addresses/wallets. Check balances and transactions every one or two months. Categorise transactions into suitable headers. Make sure to use cost-basis accounting. By inculcating good financial habits, you will be spared shocks from sudden discoveries of unrealised crypto losses/gains. An unexpected tax claim notice won’t show up at your doorstep if you have been keeping audit trails. The advantages of having detailed records far outweigh the efforts involved in maintaining them. Disclosure: The author has no vested interest in the projects mentioned in the article. These are all utility portals and have no financial incentive attached to them in any way.

Crypto Record Keeping – The Unsaid Pet Peeve of Crypto Natives

The historic judgement by the Supreme Court of India in March this year imposed by the Indian Central Bank RBI. The decision brought a lease of new life into the Indian crypto ecosystem where many were living in uncertainty for almost two years. The Supreme Court hearing not only helped the very few existing crypto startups and exchanges but also paved the path for many other entrepreneurs who were looking to start a crypto business outside India. overturned the banking ban The overruling of banking ban helped exchanges to make it easier for customers to invest in cryptocurrencies by adding direct bank transfers and INR support. And the effect of the decision is visible today during the pandemic and countrywide lockdown where Indian exchanges have reported a 400% surge in trading volume. The timely intervention by the supreme court surely helped the Indian ecosystem to come to the mainstream with several big firms like Binance, OKEx, Ripple and many more investing in Indian crypto startups. However, despite this boost, the Indian government still seems a bit passive towards the digital assets as rumours of a "parliamentary note" issued by the Finance Ministry asking for a blanket ban was the talk of the town only a couple of weeks ago. Indian IT and Remittance Industry Could Further The Adoption India is known as the IT outsourcing capital of the world and contributes 7.7% of India's GDP and as per NASSCOM, the IT sector generated revenue of $180 billion in 2019. Given the rising demand for blockchain developers, smart contract developers and many similar IT needs of the decentralized space, India can not only add to the adoption cause but also help in building better solutions of tomorrow. Even today, Indian crypto ecosystem has been representing the country's potential in the decentralized space despite the uncertainty over its regulations. Some of the prime examples of Indian crypto startups which have had quite an impact in the decentralized space include a blockchain scalability solution provider focused on Ethereum blockchain. Indian crypto exchange which was recently acquired by Binance. Indian crypto exchange offering derivatives trading and also recently launched a blockchain learning platform. Matic: WazirX: CoinDCX: Apart from these well-established exchanges and firms, there are numerous developers, content creators who work freelance for other firms due to the absence of awareness and well-regulated market. Regulations would not only help develop the crypto ecosystem but also lure more people to the ecosystem and offer a chance to these freelancers to working on native projects full time. Apart from the IT sector, cryptocurrencies could also find a huge adoption through remittance services in the form of a medium of transfer and has a great potential given India is the world’s largest population outflow country, with more than 17 million immigrants in 2019. This means a large population of the country make use of remmitance services which comes at a cost at the moment. As per a recent conducted by OKEx and Coinpeprika, the global market share for crypto transactions would increase significantly from India in 2020-2022. The amount of remittance by Indians is the highest in the world. study Ripple, one of the biggest names in the remittance sector which utilizes XRP ledger to facilitate cheap cross-border transactions sees India as a crucial market and has already partnered with several Indian banks and enterprise. The use of crypto for remittance is growing in trend across the globe and India with one of the largest migrant population with the highest remittances value could be the next big crypto remittance market. got in touch with Siddharth Sogani, CEO of Crebaco, a blockchain analytics firm to get his views on what India needs to possibly capture the growing crypto remittance. Sogani explained, Cryptoknowmics "India has evolved on its digital payment sector since the demonetization happened. We saw the emergence of several payment gateways and many got funded as well. We Indians have learnt to transact using digital payments and QR Codes now. Crypto is nothing else but a digital payment method for the user, yes on the backend, it uses several technologies. Total transaction value using Digital Payments is currently around US$69m so far. And is growing at a growth rate of approx. 20% hence looking at this, we should reach US$141m+ by 2024 in this segment. Currently crypto has 5.5 Million users in India, doubling almost every 6 months, so I am sure that many will now think of entering the Indian market having crypto also as one of the payment options. The only problem of getting Crypto for micropayments is when NPCI approves crypto for settling transactions through various payment gateways. If India regulates crypto, NPCI will have to work on the payment side of it." The Indian government needs to look at the big picture and how other countries despite their initial reservations have realized that futures lie in fintech. While the government's concern to protect its citizen is understandable, it should not come at a cost of missing out in a global race despite having potential and resources.

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coindcx.com

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Since n.d.

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COINDCX

EVERGREEN INDEX #3371

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