Blockchain & crypto news from India
India’s super-rich people and family offices are becoming part of the crypto bandwagon. On their part, crypto exchanges are rolling out the red carpet for them with personalized services. Crypto funds and exchanges have experienced an increase in investments – skywards of Rs. 1 crore – by rich people and family offices, amid rising global…
Trading on crypto exchanges based out of India may get more expensive as the country’s regulator pondering over a 2% equalization tax on crypto dealings. The new equalization tax – a levy that the nation charge on foreign companies – would apply to other cryptocurrencies and Bitcoin purchased off exchanges that are based out of…
Crypto exchanges in India are coming together to make a new lobby in the country as regulatory uncertainty still appears overhead. This new lobby will be under the guidance of IndiaTech – an industry body showcasing leading internet startups in India including MakeMyTrip, Ola, Dream11, Nykaa and so on. While other exchanges are yet considering…
A security official told that China has arrested 1100 people for using the gains from crime to purchase crypto as a part of an increasing crackdown in the industry. Bitcoin mines of China power about 80% of the worldwide trade in crypto, although dealing is banned in the country. Officials have begun to keep a…
On Wednesday, cryptocurrency markets witnessed a downturn, with major currencies crashing rapidly, wiping off as much as $1 trillion from their valuations, which had hit a record high of more than $2 trillion recently. Many analysts seem to believe that the crypto bubble, which grew without reason or rhyme or unsustainably for some time now,…
China has forbidden payment and financial firms from offering services related to crypto transactions. Further, the country has warned investors against speculative crypto trading. In a joint statement, three industry bodies informed on Tuesday that under the ban, institutions like online payment channels and banks must not offer clients any service involving digital currency. This…
On Tuesday, Dogecoin, the meme-based cryptocurrency fell after reaching an all-time high. This was after a wild session where fans of the token contemplated a parody use hashtag to strengthen a rally until it lost steam. Ultimately falling 15.4%, Dogecoin reached $0.33. But when it surged all to a record peak during the session, its…