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Topics - CryptoboyRamesh

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1
Crypto Discussion / Binance released its BAB token
« on: September 12, 2022, 06:57:06 AM »
Binance released its own version of Soulbound token, The concept was discussed first by Vitalik Buterin but CZ made the first move to deploy the idea, lets see how far will this go.

What is BAB token?
used as proof of identity for Binance users who have completed KYC verification, on 2022-09-08 at 09:00 (UTC). Users will be able to mint BAB tokens on BNB Chain as identity credentials, and participate in building multiple projects and earn rewards.

Features of the BAB Tokens:
Non-transferable: Users cannot transfer BAB tokens to other users.
Revocable: Users can revoke their BAB tokens.
Unique: One verified Binance user ID allows the user to mint one BAB token only on a certain chain.

additional info here: https://www.binance.com/en/support/announcement/0fe1e7c8781844e29f56cb674231dfd7

How to mint the BAB token:
https://www.binance.com/en/support/faq/bacaf9595b52440ea2b023195ba4a09c


take note: 1 BUSD is required to mint the token

2
I have noticed that almost all popular crypto exchanges have an option from a grid bot, which also includes copy trading from other successful grid bots. Daily and weekly rankings show grid bots that have been performing so well and from which traders can copy from, but I have personally never created any.

Which begs the question, Can someone actually gain some meaningful profits using the grid bots?
What are the disadvantages?

3
After a long time of confusion around crypto in India, yesterday the Finance Minister, Nirmala Sitaraman, has announced that all the crypto gains would be taxed at 30% and only the cost of acquisition would allowed as deduction from sale consideration. However, losses will not be allowed to be set of with other incomes. We would need to wait until the Finance Bill is released to analyze further on how this would work in practice.

However, the above cannot be construed to be completely legalizing crypto space in India, but rather just a move towards the same.

Further, from FY 2022-23 the RBI would be introducing the Digital Rupee which would be a centralized cryptocurrency controlled by the RBI. We would need to read through the Budget memorandum to understand the specifics of this introduction.

I will be reading through the Finance Bill and Budget memorandum and provide more details as the same is released. Stay tuned.

4
After a long time of confusion around crypto in India, today the Finance Minister, Nirmala Sitaraman, has announced that all the crypto gains would be taxed at 30% and only the cost of acquisition would allowed as deduction from sale consideration. However, losses will not be allowed to be set of with other incomes. We would need to wait until the Finance Bill is released to analyze further on how this would work in practice.

However, the above cannot be construed to be completely legalizing crypto space in India, but rather just a move towards the same.

Further, from FY 2022-23 the RBI would be introducing the Digital Rupee which would be a centralized cryptocurrency controlled by the RBI. We would need to read through the Budget memorandum to understand the specifics of this introduction.

I will be reading through the Finance Bill and Budget memorandum and provide more details as the same is released. Stay tuned.

5

https://www.ndtv.com/india-news/dggi-cracks-down-on-cryptocurrency-exchanges-across-country-rs-70-cr-tax-evasion-detected-2682998

Quote
New Delhi: After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.
"Around half dozen offices of Cryptocurrency Service providers have been searched and massive Goods and Service Tax (GST) evasion has been detected by DGGI," sources told ANI.

Crypto wallet and exchange are platforms where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc.

According to sources, around ₹ 70 crore worth of tax evasion has been detected during the crackdown on Cryptocurrency trade by Mumbai CGST and DGGI.

"The DGGI is investigating Coinswitch Kuber by M/s Bitcipher Labs LLP, CoinDCX by M/s Neblio Technologies PVT. LTD., BuyUCoin by M/S I Block Technologies Pvt. LTD. and Unocoin by M/s Unocoin Technologies Pvt. LTD," sources said.

Official sources further said, "They are providing facilitation intermediary services for buying and selling of crypto coins. These services attract GST rate of duty of 18 per cent which all of them have been evading."

Another official source, who was part of this search, told ANI, "These service providers were charging a commission for their facilitation to indulge in exchange of bitcoins but were not paying GST tax. These transactions were intercepted by DGGI and they were confronted with evidence that proved non-payment of GST."

A top source told ANI that they paid ₹ 30 crore and ₹ 40 crore as GST, interest and penalty for non-compliance to the statutory provisions of GST law. For violating GST laws the CBIC has recovered ₹ 70 crore from Cryptocurrency Service providers including WazirX.

On Friday, GST Mumbai East Commissionerate of Mumbai Zone detected GST evasion of ₹ 40.5 crore from cryptocurrency exchange WazirX and recovered ₹ 49.20 Crores in cash pertaining to GST evaded, interest and penalty.

As per the claim made CoinDCX their crypto app allows buying of bitcoin and other cryptocurrencies instantly in India and has more than 7.5 million users and more than one crore downloads with ₹ 7 billion cryptos purchased.

As per the website which CoinSwitch Kuber trading platform has processed over USD 5 billion, BuyUcoin based out of Delhi-NCR in India has more than one million users and traded more than USD 800 million.

Unocoin is also a platform to trade Bitcoin, Ether, Tether, among other such platforms of crypto assets has offices in Bangalore which have processed more than 10 million as per their website.

apart from collecting all the money from these exchanges.

they will also gather all the information of the traders.

and then they will hunt them next for tax evasion and what not.

so, the people who have traded on centralized exchanges with their kyc and hasn't paid their tax.

better get on it right away!

6
Giveaways & Airdrops / Atlantiscex Exchange Airdrop
« on: December 12, 2021, 08:33:33 AM »
New

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Atlantiscex  Exchange
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Coin type    BSC Blockchain


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1.Registered  Atlantiscex  Exchange  Site


2. Receive 3000 American Coin  * ~ $3000





7
मेरे लैपटॉप पर एक सॉफ्टवेयर वॉलेट में सिक्के जमा हैं। बात यह है कि मेरे पास मेरे पासवर्ड मैनेजर में बीज जमा है। हां, मैं जानता हूं कि लोग मुझसे कहते हैं कि अगर आपके कंप्यूटर में खराबी आ जाए तो आपको ऐसा कभी नहीं करना चाहिए।



मेरी चिंता अब यह है कि मैंने पहले अपने लैपटॉप का उपयोग करते समय एक रीडायरेक्ट लिंक पर क्लिक किया था। बात यह है कि जिस साइट पर मैं गया... मैंने उस पर गूगल के माध्यम से क्लिक किया, और फिर उसने मुझे एक नकली साइट पर रीडायरेक्ट कर दिया। मैंने फिर इसे बंद कर दिया लेकिन फिर देखा कि यह एक फ़िशिंग साइट थी। मैंने उस साइट पर कुछ भी दर्ज नहीं किया।



मेरी चिंता यह है कि मैंने इस मैलवेयर को पढ़ा है मैं कुछ ब्राउज़र हाईजैक और कीलॉगर आदि हो सकता हूं। तो इसका मतलब है कि अगर मैं अपने समझौता किए गए लैपटॉप पर अपने पासवर्ड मैनेजर में लॉग इन करता हूं, तो वे मेरे द्वारा टाइप की गई हर चीज को ट्रैक कर सकते हैं? क्या होगा यदि आपका पासवर्ड मैनेजर उस समय खुला था? मेरे पास अपना बीज कागज पर भी लिखा हुआ है। मेरी चिंता यह है कि अगर मैं अब अपने कंप्यूटर पर अपने पासवर्ड मैनेजर में लॉग इन करता हूं, तो इसका मतलब है कि हैकर सचमुच मेरे सभी पासवर्ड और मेरे द्वारा लिखी गई हर चीज को देख सकता है? मुझे फ़िशिंग लिंक हैकर्स पोस्ट के बारे में पता है जहाँ आप एक नकली वॉलेट डाउनलोड करते हैं और बीज दर्ज करते हैं। लेकिन अगर आप अपने बीज में प्रवेश नहीं करते हैं, तो मैं इसकी तिजोरी पढ़ता हूं। लेकिन क्या बिना कुछ डाउनलोड किए वेबसाइट के लिंक पर क्लिक करना भी ऐसा कर सकता है? मैंने कोई प्रोग्राम डाउनलोड नहीं देखा। लेकिन मुझे पूरा यकीन है कि यह एक खतरनाक साइट थी।



जिस चीज पर मैंने विचार किया, वह थी मेरे पासवर्ड मैनेजर में लॉग इन नहीं करना। लेकिन फिर किसी अन्य डिवाइस का उपयोग करें और वॉलेट तक पहुंचने के लिए उसमें मेरा बीज डालें। फिर मान लें कि मेरे सिक्के अभी भी हैं, एक नया बटुआ बनाएं और उन सभी को वहां भेजें और एक नया बीज प्राप्त करें। क्या यह अनुशंसित है?



मैं अपने लैपटॉप को पोंछना नहीं चाहता क्योंकि मेरे पास वर्षों से बहुत सी चीजें हैं आदि। मैंने इसका बैकअप भी नहीं लिया। बात यह है कि मेरे पास यूएसबी ड्राइव पर मेरे पासवर्ड मैनेजर की एक प्रति है। लेकिन क्या कोई वायरस प्रोग्राम है जिसका मैं उपयोग कर सकता हूं या खरीद सकता हूं जहां उसे किसी भी प्रकार का मैलवेयर, कीलॉगर या ब्राउज़र हाईजैक आदि मिलेगा? तो इस तरह मैं अपने लैपटॉप को बिना पोंछे साफ करना जारी रख सकता हूं?



मैंने उस ब्राउजर हाईजैक के बारे में सुना है जहां जब लोग सिक्के भेजते हैं तो उनका ब्राउजर दूसरे एड्रेस को कॉपी/पेस्ट करता है आदि। लेकिन इस स्थिति में आप क्या करेंगे? मुझे लगता है कि यह वैसा ही है जैसे यदि आपके कंप्यूटर से छेड़छाड़ की जाती है और आप सॉफ्टवेयर वॉलेट और साइटों का उपयोग करते हैं क्योंकि आप बिनेंस या कॉइनबेस आदि में कुछ भी टाइप करते हैं ... ठीक है कि वह व्यक्ति आपके कीस्ट्रोक्स को रिकॉर्ड कर सकता है?

8
Hindi Language / Possible Compromised Laptop With Seed in Password Manager?
« on: December 08, 2021, 04:52:44 PM »
I have coins stored in a software wallet on my laptop.  The thing is I do have the seed stored in my password manager.  Yes I know people tell me you should never do this in case your computer gets compromised.



My concern now is I clicked on a redirect link when using my laptop earlier.  The thing is that site that I went to... I clicked on it through google, and then it redirected me to a fake site.  I then just closed it but then noticed this was a phishing site.  I didn't enter anything on that site.



My concern is i read this malware I have could be some browser hijack and keylogger etc.  So that means if i log into my password manager on my compromised laptop, they could track everything I typed?  What if your password manager was open at the time?  I do also have my seed written on paper as well.  My concern is if i log into my password manager now on my computer, that means the hacker could literally see all my passwords and everything i wrote on it?  I know about the phishing links hackers post where you download a fake wallet and enter the seed.  But if you don't enter your seed, I read its safe.   But could clicking on a link to a website without downloading anything also do this?  I did not see any program download.  But I'm pretty sure it was a dangerous site.



The thing that I considered was to not log into my password manager.  But then use another device and enter my seed into it to access the wallet.  Then assuming my coins are still there, create a new wallet and send all of them there and get a new seed.  Is that recommended?



I don't want to wipe my laptop as I have so many things on it for years etc.  I also didn't do a backup of it as well.  The thing is I do have a copy of my password manager on a usb drive.  But is there any virus program I could use or buy where it would find any type of malware, keylogger or browser hijack etc on it?  So that way I could continue to use my laptop without wiping it clean?



I have heard of that browser hijack where when people send coins, their browser would copy/paste another address etc.  But in this situation, what would you do?  I guess this is the same like if your computer is compromised and you use software wallets and sites since anything you type into binance or coinbase etc... well that person could record your keystrokes?

9
Hindi Language / cryptocurrency in india
« on: November 24, 2021, 05:25:55 PM »
aap ko kya logta hai bharat mai cryptocurrency  ben hoga ya nehi

aap sabhi patahai kal jo cryptocurrency news ayatha uske liye aaj bitcoin ka price Rs 4600000 se ghat kar Rs 3800000 tak aa geyatha

10
Hindi Language / How many in this community are into NFT
« on: November 18, 2021, 01:21:44 PM »
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?

11
Hindi Language / kebol hindi mai bat kare
« on: November 17, 2021, 02:10:51 PM »
kya app ko lagta hai 2022 mai bitcoin ka price Rs 10000000 ho jayega  :-* :-* :-*


12
Hindi Language / India is considering middle path for crypto regulation
« on: November 10, 2021, 06:41:15 PM »
News ref: https://m.economictimes.com/tech/tech-bytes/policymakers-considering-middle-path-on-cryptocurrencies/articleshow/87572085.cms

It's unlikely to become a legal tender but possibly a blanket ban will not happen.

Any guesses? What could be the "Middle path"?

13
Crypto Discussion / Bitcoin circulation increases
« on: November 10, 2021, 06:19:38 PM »
At least in the last almost 8 months I have been monitoring the increase in bitcoin circulation, which is currently almost 19 million bitcoin out of a total supply of 21 million. As of March 19, 2021, there were 18,658,093 bitcoin in circulation, but today I see that it continues to increase to 18,869,337 bitcoin. There are a total of 211,244 bitcoin in circulation as of March 19, 2021.

https://blockchain.info/q/totalbc
Code: [Select]
Circulating Supply BTC= 18.658.093

I think this increase tells us that many holders have either issued their old bitcoin for sale or that there is an increase in the number of old wallet being recovered. In your opinion, does this increase in circulation have a positive impact on bitcoin or is this a sign that many holders will sell their bitcoin?

https://blockchain.info/q/totalbc at 10-11-2021
Code: [Select]
18.869.337 btc

14
I have heard rumours that certain people, including a president, were treated with monoclonal antibodies, a therapy that is not widely accessible and is extremely expensive. Anyone knows about this?

15
Hindi Language / Has anyone noticed this on Binance?
« on: November 04, 2021, 01:46:44 PM »
I was going through my Binance account and found that Solana USDT has been also listed under USDT deposit and withdrawal there. As we all know USDT is a stable coin and Tron USDT is one of the cheapest. I found out that you can deposit - 0.00000001 USDT into that wallet and the withdrawal fee is 1 USD.



Most Indian exchanges are still using the Ethereum network for USDT transactions. They need to upgrade to a faster and cheaper blockchain as soon as possible.

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