Blockchain & crypto news from India
Getting inclined towards the ongoing crypto trend, The Rug Republic, a homegrown décor brand, has started accepting major crypto as payment for its orders. Although the Delhi-based décor brand delivers all across the globe but the payment option is as of now available in India only. The brand will take the top 20 cryptos according…
Crypto bank Cashaa plans to begin operations in India from next month. This is expected to aid exchanges and investors over the latest banking problems that they are encountering. Crypto exchanges said that they require a major bank to process large-scale dealings. Founder and CEO of Cashaa, Kumar Gaurav said that they will be coming…
Indian crypto space has been confronting a revolution for the past couple of years. In spite of the uncertainty in the regulations and extreme volatility, several Indians prefer investing in crypto rather than gold. Around 15 million people in India have invested in crypto. In India, households have more than 25,000 tonnes of gold. Interestingly,…
India is getting closer to regulating crypto within its borders. Nirmala Sitharaman, the country’s Finance Minister said that India’s crypto bill is ready. She further added that the government has taken details from industry stakeholders to get the document ready. She continued that they have done a lot of work on it. They have taken…
This Friday, on July 9th, 2021, International auction house Sotheby’s will accept payment in Ether or Bitcoin at the sale of a 101.38-carat diamond. This event will mark another milestone in the adoption of crypto. The name of the colorless diamond – Key 10138 – is predetermined to represent the important roles that keys occupy…
India and China aren’t the only Asian nations struggling with the fate of crypto. Small players like the Vietnam and Philippines are stepping into the arena as well as the fame of virtual currency continues to increase. As per the Philippines Stock Exchange (PSE), crypto is an asset class that they can’t afford to ignore…
Just three months ago, the Nasdaq-listed crypto exchange, Coinbase went public and now it’s looking to expand its footprint in India, one of the most populous countries worldwide. It has big plans to hire, acquire and make the South Asian nation one of its primary hubs. Brian Armstrong, the chief executive (CEO) of the company,…
According to a report, the Enforcement Directorate (ED) has sent many notices in the previous month related to cross border crypto transactions and trades of NRIs (Non-Resident Indians) who extended their stayed longer in the nation due to the novel Coronavirus pandemic in the previous year, betting on Euro 2020 matches. The report, mentioning an…
The meme cryptocurrency that Elon Musk can’t stop talking about has earned a huge fan following; credit goes to billionaire and Tesla Inc.’s CEO. In order to honor Musk on his 50th birthday, a YouTuber decided to send a physical replica of the Dogecoin crypto to space or at least till the stratosphere. Reid Williamson,…
Money laundering and terror financing have flourished in the previous one year as governments and nations across the world directed their concentration only on combating the novel Coronavirus pandemic. The new era of the digital asset in the form of crypto has surged terror financing. Crypto is encountering a rise in the market value in…