India’s relationship with blockchain and cryptocurrency hasn’t been clear, but the country has the potential to become a global leader in the upcoming fintech revolution. India’s cryptocurrency ecosystem has been in limbo since the country’s central bank barred banks from dealing with cryptocurrency exchanges in 2018. As of March 4, the Supreme Court of India […]
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The $3 million investment in India’s largest crypto exchange comes from firms like Bain Capital, Polychain, and HDR Group. A recent funding round has just added quite a bit to an Indian crypto exchange’s coffers. Mumbai-based exchange CoinCDX announced on March 24 it had received $3 million in new funding. The Series A round was […]
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Billionaire venture capitalist Tim Draper has revealed plans to invest in Indian cryptocurrency startups. Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme […]
Continue ReadingThe co-founder of Bitcipher Labs has been arrested for stealing $480,000 in BTC from the exchange weeks after quitting. A woman was arrested in Bengaluru, India on March 17 for allegedly stealing 63.5 Bitcoins (BTC) from Bitcipher Labs — a cryptocurrency exchange that she had previously co-founded. The thefts took place on January 11 and […]
Continue ReadingDecentralized by its nature, blockchain technology could help to build a democratic society, at least by transparent elections and trusted voitings. As fears of disinformation and election tampering take hold of citizens across the globe, many are left to wonder if there’s a solution that can quell voter concerns. A recent study by global communications […]
Continue ReadingCryptocurrencies are like beer in more ways than meet the eye. Whether crypto markets are up or down, people will still buy beer. The American beer industry has seen a 600% increase in the number of breweries between 2008 and 2016, according to data from The Atlantic. And the crypto industry really boomed from nothing […]
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India’s Minister of Corporate Affairs has revealed that only two cryptocurrency companies have apparently registered with the ministry. A filing submitted in the lower house of India’s parliament — the Lok Sabha — has revealed an investigation into fraudulent practices by so-called “bit coin companies” operating in the country. An official question was submitted by […]
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KuCoin exchange establishes KuGroup, a core division of the company that will manage all three of the company’s businesses. Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, […]
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Major crypto exchange Binance and its Indian trading platform WazirX announced a fund aimed at sustaining blockchain development in India. Major crypto exchange Binance and WazirX — the Indian competitor it acquired in November 2019 — have announced a fund aimed at sustaining blockchain development in India. The “Blockchain for India” initiative was announced on […]
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India crypto exchange CoinDCX to provide funding to education projects that aim to strengthen crypto adoption across the country. Crypto exchange CoinDCX has announced on March 12 a $1.3 million funding towards increasing awareness and adoption of cryptocurrencies in India. According to the company, the funds will go towards a long-term project called TryCrypto, which […]
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