Blockchain & crypto news from India
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…
The Orissa High Court recently declared that Cryptocurrency dealings are not illegal under the Indian law. The decision was taken by the High Court after a case accusing individuals of committing fraud by conducting a Ponzi scheme came to light. Justice Sasikanta Mishra clarified that cryptocurrency is not considered as money under the Prize Chits…
Founded in 2017, CoinSwitch was founded as a global cryptocurrency exchange aggregator. This platform allowed users to compare rates across various exchanges and facilitated seamless trading across multiple cryptocurrencies. The company was launched as CoinSwitch Kuber in 2017, to specifically cater to the Indian cryptocurrency market only. The company was founded by Ashish Singhal, Govind…
WazirX is one of the biggest crypto exchanges in India. It was founded in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. Nischal Shetty has been a prominent figure in the Indian tech scene. Before WazirX, he founded Crowdfire, a popular social media management tool. The motivation of the founders behind establishing WazirX was…
CoinDCX, a cryptocurrency exchange platform launched in 2018, has grown to be one of the biggest cryptocurrency exchanges in India. The company was founded by Sumit Gupta and Neeraj Khandelwal. The platform aims to provide a secure, user-friendly and compliant environment for people to trade digital assets. The rapidly growing demand of digital assets in…