Blockchain & crypto news from India
Shaktikanta Das, the governor of India’s central bank, has said recently that their Central Bank Digital Currency (CBDC) has amassed more than 5 million users. However, there should be no rush to implement a system-wide CBDC. The chief official of the Reserve Bank of India spoke recently at a conference in Bengaluru on Monday. India’s…
WazirX, the Indian cryptocurrency exchange, remarked that external parties that are not involved in the platform may try to delay the restructuring process of the crypto exchange for their own personal benefits. WazirX announced in a post on X, that these non-related parties will try and create more uncertainty for the cryptocurrency exchange’s future rather…
WazirX, one of the biggest cryptocurrency exchanges in India, has announced that it is ending its partnership with “Liminal Custody” and moving their funds to new Multisig wallets. Liminal Custody is a digital assets custody platform which was entrusted by the exchange with safeguarding the affected multi-sig wallet. The move came after WazirX suffered a…
CoinDCX, one of the country’s biggest cryptocurrency exchanges, has recently announced that the firm has allocated Rs 50 crores as a part of its Crypto Investors Protection Fund (CIPF) which will compensate users for the funds lost in security breaches. This announcement came in just days after WazirX, another of the country’s biggest cryptocurrency exchanges,…
India is set to take a very big and decisive step in crypto regulation. The Indian government is planning to release a discussion paper that highlights its stance on the cryptocurrencies. The paper is set to be released before the month of September. The statement was released by Senior Finance Ministry Official Ajay Seth. In…
On the 18th of July, WazirX, the country’s biggest cryptocurrency exchange was hit with a devastating hack that resulted in the theft of more than $235 Million in digital assets. The exchange confirmed the attack in a statement on X, formerly known as Twitter. After the attack, several different market crypto executives have cautioned the investors…
While Bitcoin and other cryptocurrencies have been making waves for the last few years for their high returns (as well as volatility), a quieter player has emerged from the shadows of the computer hardware world to match Bitcoin. Nvidia however is already familiar to the crypto world for providing mining hardware. This time, its huge…
Cryptocurrency wallets are digital tools that allow users to store, manage, and transact with cryptocurrencies such as Bitcoin, Ethereum, and others. There is a wide range of cryptocurrency wallets that a user can choose from to use in India. The following that are listed here are the 5 most popular cryptocurrency wallets that are available…
The Financial Unit of India (FIU) recently imposed a fine of approximately $2.2 million (18.82 crore INR) on Binance. Binance, the world’s biggest cryptocurrency exchange was fined for providing its services to its Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit said in an announcement on Thursday. Binance functions…
On Thursday, Delta Exchange, a cryptocurrency derivative trading platform, announced that it is going to commence its operations in India. With this launch, Delta Exchange also claims that it is the first and only platform in India that is offering options trading on Bitcoin (BTC), Ethereum (ETH), and other crypto assets. Delta Exchange was founded…