Blockchain & crypto news from India
At a time when the Reserve Bank of India (RBI) glares at private digital currencies, the suggestion of crypto bank Cashaa to introduce banking operations in India for customers of digital currencies like Bitcoin from next month, through the credit co-operative society route, is interesting to note. Cashaa said that it has introduced the world’s…
On June 22, Visa and PayPal led a $300 million fundraising in Blockchain Capital, a crypto venture capital (VC) firm. Additionally, a few other investors and the 2 payments giants will participate in the firm’s strategic partnership program. The organization’s 5th funding round, called ‘Fund V’, was oversubscribed at its $300 million hard limits. According…
After EI Salvador’s remarkable stand to adopt Bitcoin as a legal tender, things are appearing brighter back home in India for crypto-lovers. Top sources monitoring the industry informed that the government has a change of mind from its previous hostile attitude towards digital currencies. It will most probably consider Bitcoin as an asset class in…
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…
The Chinese smartphone manufacturer, OnePlus may be planning to venture into crypto. The company was lately found to be surveying its users about blockchain tech and by extension, the need for a crypto wallet. The research aims at receiving users’ comments on crypto. The company is asking users if they’ve used trading platforms like Gemini,…
According to mails sent by prime Indian lenders State Bank of India and HDFC Bank, they have warned their clients against dealing in crypto such as bitcoin. HDFC Bank, in its letter to its customers, told that cryptocurrency dealings aren’t permitted as per Reserve Bank of India’s regulation. The banks have sent mails to specific…
On Wednesday, Tesla Inc.’s CEO Elon Musk announced that the company won’t accept Bitcoin for the car purchase. In addition to jokes and memes galore, the value of Bitcoin plunged as much as 15% to just above $46,000 the moment the tweet was posted. This was done due to environmental concerns. As soon as the…
Dogecoin two folds from mid-April value. The cryptocurrency has grown by 45% in the previous few days. The coin’s value decreased to almost Rs 16 by April end. But it saw a whopping surge of 45% on Monday night when its value grew up to Rs 51. In terms of market capitalization, DOGE has surpassed…
Visa has announced that it will start accepting payments in the crypto USD coin directly at end of the March. USD coin is a stablecoin linked to the U.S. dollar with 1 USD Coin pegged to $1. The company’s crypto.com debit cards once required conversion to a conventional currency from digital currencies that Visa accepts….
The suggested cryptocurrency legislation which is feared by some to ban digital currencies will likely provide an exit window to the existing crypto holders in India owning private entities in case such as move is taken. An official source revealed to the media that the suggested law will be prospective, even though declarations of the…