Blockchain & crypto news from India
On Wednesday, crypto tax compliance and portfolio tracking platform CoinTracker announced its entry into India. The firm’s stance also comes against the backdrop of the government ordering 30% taxation on such transactions with effect from April 1. While announcing the launch of its product in the nation, the company said that beginning today, the cryptocurrency…
On Wednesday, California, which would have the fifth-largest economy in the world if it was a nation, became the first US state to formally start monitoring how to broadly adapt to crypto and associated innovations, following a path established by President Joe Biden in March. Gov. Gavin Newsom signed an executive order for state agencies…
Super app CyrptoWire has introduced IC15, the first crypto index of India. On Monday, the firm said that IC15 will track the liquidity and market capitalization of the top 15 global digital currencies. It added that the IC15 is a rule-based broad market index by market capitalization that computes the performance of 15 extensively traded…
Blockchain technology and its dapps have far and wide implications. In December 2021, Vodafone became a Santa to the United Nations refugees agency, UNHCR. Vodafone has sold the world’s first text message, “Merry Christmas” (which was sent on December 3, 1992), in a an auction on Tuesday for 107,000 Euros ($121,000) as a Non-Fungible Token…
Cryptocurrencies are becoming popular each day for investing & trading in India. Some sources speculate there could be ten crore crypto investors in India, which is a lot more than India’s stock market investors. Recently, Google Trends have shared their data which reveals that, for the first time, global searches for the term “NFT” appear…
Over the recent years, hacks targeting crypto-linked platforms have risen drastically. Lately, a cryptocurrency-gaming ecosystem named Vulcan Forged fell prey to a hack attack, losing around Rs. 1,062 crore ($140 million) worth of cryptocurrency assets. Reportedly, hackers got access to the keys of 96 wallets. This enabled them to steal 23.7% of the circulating supply…
India’s new crypto law is set to red-flag many investment schemes introduced by crypto exchanges and individuals that are akin to multi-level marketing (MLM), chit funds and systematic investment plans (SIP), as it looks forward to creating a robust regulatory system to safeguard vulnerable rural populations purchasing risky cryptocurrency assets. Regulators including the Securities and…