Blockchain & crypto news from India
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…
On Tuesday, crypto exchange Binance said that it has introduced a card for users from Ukraine who have escaped their nation due to invasion by Russia, saying the blockchain-based currency is an efficient medium for meeting emergency financial requirements. The Binance Refugee Crypto Card is free and is for all existing and new Binance users…
A famous crypto wallet provider, MetaMask declared Apple Pay integration to its website and app. While Apple doesn’t support cryptocurrency payment directly, MetaMask users will be redirected to Wyre, a crypto exchange that supports the selling and buying of crypto, users will now have the alternative to make the payment via debit or credit card…
President of El Salvador Nayib Bukele received praises from the crypto world the previous year when he vowed to create a tax-free Bitcoin city on the nation’s coast, complete with geothermal energy for mining digital coins from a volcano in the near vicinity. To finance it, Bukele said a crowd of onlookers, the government would…
Manchester City is expanding on the crypto hype. On Friday, the ruling Premier League championships declared a multi-year agreement naming OKX its official crypto exchange partner. The deal, which is OKX’s first foray into the sports space, will include Manchester City’s women’s and men’s teams and its esports operations. It will cover a presence inside…
The Russian government has accepted a system for laws regulating cryptos. A said goal of the new policy is to integrate digital tokens into Russia’s financial system while guaranteeing the rights of private investors and preventing digital assets from being used to finance crime. On Tuesday, Moscow’s official press service said in a statement that…
Torus Kling Blockchain IFSC, a joint venture between financial management firm Kling Trading India and Cosmea Financial Holdings, is ready to launch Asia’s first cryptocurrency ETF, which will probably be in the crypto market of India by March 2022 in GIFT (Gujarat International Finance Tech) city. Both of these firms have linked a Memorandum of…
The Tourism Authority of Thailand (TAT) is expecting to introduce its own crypto token called TAT Coin, as part of its ‘cryptourism’ campaign. It is an initiative intended to lure some of those rich crypto investors, who can increase the GDP of the country. According to reports, the CEO and founder of the crypto exchange…
A city lawyer has filed a PIL (public interest litigation) for a legal framework and laws to be put in place to regulate the utilization of crypto in India. The PIL before Bombay HC call attention to the unregulated business of crypto and seeks direction to the Ministry of Finance, Centre, Reserve Bank of India,…
On Thursday, the Delhi High Court asked for the reply of the State Bank of India and the Reserve Bank of India on a plea seeking to guide authorities to reverse the ban on the use of UPI platform in dealing and settling funds in the crypto exchange WazirX. A bench of Justice Jyoti Singh…