Blockchain & crypto news from India
The Financial Unit of India (FIU) recently imposed a fine of approximately $2.2 million (18.82 crore INR) on Binance. Binance, the world’s biggest cryptocurrency exchange was fined for providing its services to its Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit said in an announcement on Thursday. Binance functions…
During what has been described as one of the most tumultuous weeks for the crypto market in 2024, the transaction fees for Bitcoin and Ether have plummeted to levels not seen in months. On June 23, the average cost of a Bitcoin transaction hit a low of $1.93 per transaction, marking a significant decline since…
Bitcoin faced a significant downturn, plunging below the $67,000 mark as the markets reacted to the looming inflation report on June 11 at the beginning of the Wall Street trading session. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin hit a new local low of $66,696 on Bitstamp, signaling the lowest point for…
WazirX is one of the biggest crypto exchanges in India. It was founded in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. Nischal Shetty has been a prominent figure in the Indian tech scene. Before WazirX, he founded Crowdfire, a popular social media management tool. The motivation of the founders behind establishing WazirX was…
CoinDCX, a cryptocurrency exchange platform launched in 2018, has grown to be one of the biggest cryptocurrency exchanges in India. The company was founded by Sumit Gupta and Neeraj Khandelwal. The platform aims to provide a secure, user-friendly and compliant environment for people to trade digital assets. The rapidly growing demand of digital assets in…
Founded in 2014, ZebPay serves as a platform for cryptocurrency exchange, enabling users to engage in buying, selling, and trading a diverse range of digital currencies including Bitcoin, Ethereum, Ripple, Litecoin, and others. The company was founded by Mahin Gupta, Sandeep Goenka, and Saurabh Agrawal in India. The company was initially called BuySellBitco.in. The company…
After settling a fine of approximately $2 million, Binance, the largest cryptocurrency exchange globally, which had been prohibited from operating in India, is now prepared to make a comeback. Binance is set to be the second cryptocurrency exchange from overseas which marks a return to the country after KuCoin after India’s financial regulatory authority restricted…
Users in India who are using the cryptocurrency exchange platform “OKx” have been advised by the company to withdraw all their funds from the platform as the company is shutting down its operations in India “due to local regulations”. The users were recently told by the platform to withdraw their funds by the end of…
The prices of Bitcoin continued dropping on March 15 after days of rallying and reaching and even reaching an all-time high. The cryptocurrency market experienced its most significant decline of the year, with a 7% drop in market capitalization. Bitcoin (BTC) plummeted by 8% over the past 24 hours, erasing weekly gains and initiating a…
The implosion of FTX has not only affected investors who kept their funds on the exchange, but also the wider crypto investing circles. Genesis, described in the past as the “Goldman Sachs of crypto”, is feeling the heat and has suspended withdrawals. However, those tracking on-chain flow of cryptocurrencies point out to positive signals based…