Blockchain & crypto news from India
On Thursday, the Delhi High Court asked for the reply of the State Bank of India and the Reserve Bank of India on a plea seeking to guide authorities to reverse the ban on the use of UPI platform in dealing and settling funds in the crypto exchange WazirX. A bench of Justice Jyoti Singh…
Indian crypto investors now prefer peer-to-peer transfers, Telegram or WhatsApp groups and spot trading to trade currencies because of volatile banking services being offered by the banks to exchanges. Currently, SBI blocked receiving of funds by the crypto exchange on its UPI platform. Though most top-notch exchanges witnessed a rise in buying activity in the…
Loved worldwide, Bitcoin was first introduced in January 2009. From there only cryptocurrency came into the picture and is slowly and steadily gaining popularity all over the world. Fast forward to 2021, crypto trading has become a rewarding investment alternative for individuals and also promotes the growth of the economy. But unfortunately, cryptocurrencies have failed…
On August 4, crypto exchange Bitbns declared that Bitcoin SIP awards for the Indian medalists at the Tokyo 2020 Olympic. The Indian Olympic winners will be authorized to open crypto SIPs worth lakhs on the exchange. The SIP will begin from Rs. 2,00,000 for gold winners Rs. 1,00,000 for silver and Rs. 50,000 for bronze…
In a reply to a query asked by former Bihar deputy CM and Rajya Sabha MP Sushil Kumar Modi, Nirmala Sitharaman, the Finance Minister, on July 27 informed the Rajya Sabha that the Indian Government isn’t gathering any information on the cryptocurrency market and has no clue about the count of active crypto exchange platform…
Just three months ago, the Nasdaq-listed crypto exchange, Coinbase went public and now it’s looking to expand its footprint in India, one of the most populous countries worldwide. It has big plans to hire, acquire and make the South Asian nation one of its primary hubs. Brian Armstrong, the chief executive (CEO) of the company,…
There is hype around the world regarding cryptocurrency. The virtual currency is enjoying a love-hate relationship with some nations. Having said that, there are many crypto-friendly countries where virtual currency has been a center of attraction. It’s been used as a mode of payment, long-term investment option and trading. Besides this, crypto coins like Ethereum…
A decision from the Reserve Bank of India (RBI) to remove a 2018 rule that prohibits banks from encouraging crypto dealings comes as a welcome relief for a community encountering opposition from traditional lenders required to help settle these trades. Late on Monday, the regulator informed banks not to quote a 2018 central bank circular…
A tweet from Sandeep Nailwal on Saturday started all this. “Can’t take this sitting down anymore, I am going to run a Covid relief campaign… Need help from the global crypto community. I will take full responsibility for transparency, funds’ usage, and regulatory compliance”. COO and co-founder of Polygon Sandeep Nailwal has asked to donate…