Blockchain & crypto news from India
Going operational just last year, CoinSwitch Kuber has won the trust of Tiger Global to merit a $25 million Series B funding. India holds a small share of the cryptocurrency market, with a reported crypto investor base of around 80 lakh (8 million). The investment market in India is currently dominated by a few large…
The recent move by Binance to list two “stock tokens”, of Tesla and Coinbase, brings the crypto and stock worlds together. Now a global investor can “own” a Tesla share using BUSD (the Binance stable coin version of USD) and even earn dividends. The stock token is pegged to the underlying share price, which means…
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…
On Tuesday, Dogecoin, the meme-based cryptocurrency fell after reaching an all-time high. This was after a wild session where fans of the token contemplated a parody use hashtag to strengthen a rally until it lost steam. Ultimately falling 15.4%, Dogecoin reached $0.33. But when it surged all to a record peak during the session, its…
A co-founder of Argo Blockchain a Bitcoin mining company is about to launch the IPO of a new crypto company. This newly introduced company will focus on decentralized finance. Dispersion Holdings will put money into the decentralized finance sector which uses blockchain technology and cryptocurrencies to remove intermediaries from financial transactions. Through joint braker together…
In March, Elon Musk made a joke about Elongate, and surprisingly it is now a cryptocurrency. No wonder his tweets can start new projects or hike or fall the stocks. One of the best examples is Elongate which is the new entrant in the market. It may be highlighted that Elon Musk has no connection…
Digital currencies have been viewed differently by individuals and institutions, countries banning and restricting citizens from participating in the crypto space. Cryptocurrency trading and exchanges were shut down in China while banning also initial coin offerings (ICOs) in 2017. Change is important for growth and the People’s Bank of China (PBOC) has changed its view…
Attention drawn to cryptocurrencies shouldn’t be a surprise how regulatory bodies set to get involved in controlling the activities in the crypto market. Regulatory bodies (government) are under heavy pressure to see how to regulate the market, seeing the boom and how coins are reaching a new all-time high, creating new millionaires and billionaires in…
The British hedge fund, Brevan Howard Asset Management, is set to invest in cryptocurrencies. According to a source familiar with the matter told Bloomberg, Brevan Howard Asset Management will start its investment in Cryptos with 1.5% of its $5.6 billion main hedge fund in digital assets and the initial allocation will be overseen by Johhny…
It is a season of adoption for crypto’s. The E11EVEN MIAMI nightclub is set to return fully for operation after a year-long shut down due to the COVID-19 pandemic. The big news, it is set to accept Bitcoin (BTC) as a medium of payment. As announced on Tuesday, E11EVEN MIAMI will be the first major…