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…
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…
As per a report from The Economic Times, Binance, a leading cryptocurrency exchange, is poised to re-enter the Indian market after a four-month hiatus. The exchange had been banned from offering its services in the country due to non-compliance with local laws. However, Binance is now set to return to India by paying a $2-million…
Binance, one of the leading cryptocurrency exchanges, has recently made an announcement that is sure to catch the attention of many in the crypto world. In an effort to maintain a fair and transparent trading environment, Binance has pledged to offer a substantial reward ranging from $100,000 to $5 million to anyone who can provide…
The Bitcoin marathon is becoming unstoppable as it reaches the mark of $60,000 after a wait of 2 years! It increased significantly over a value of 6% merely in 24 hours as reported by Binance. As per CoinMarketCap data, the world’s first cryptocurrency has witnessed a significant surge of over 13% on the weekly chart…
The cryptocurrency market is shambling due to legal notices sent to some leading crypto exchange platforms by FIU (Financial Intelligence Unit India). According to CoinDCX, within a week of the notice being issued, they have observed an increase of 2,000% in cryptocurrency deposits. On the other hand, Mudrex has recorded deposits worth over $1 million…
The year 2022 has been a roller-coaster ride for crypto investors and holders in India. The beginning of the new financial year in April brought into place two slabs of taxation that have reportedly brought down trading transactions. Binance’s CZ recently described the overall crypto environment as not a “very crypto-friendly environment” at a conference…
The fallout of FTX debacle has sent out red alerts in the crypto trading world, and the stress now is on holding one’s own digital assets in wallets rather than keeping them on exchanges. Trading exchanges have gone a knee-jerk reaction, revealing their owned assets in what are called proof of reserves. Holding one’s crypto…
Blockchains will create the next generation of financial instruments with its decentralized and P2P based model. While traditional banks are gearing up to embrace blockchains, the Swiss bank UBS AG has launched what it says is the world’s first digital bond. The issued bond has a tenure of three years, and carries a 2.33% return….
The year 2022 is turning out to be a good harvest for hackers in the crypto world. The spirits are down with Bitcoin staying below the $20K mark, and the Ethereum Merge failing to have an impact on adoption. Chainalysis has reported 125 hacks till date this year, and says this rate will make 2022…