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…
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…
Prominent cryptocurrency exchanges WazirX and CoinSwitch Kuber have blocked rupee deposits for the buying of crypto using a widely-used state-fostered transfer system, provoking users to voice concern on social media. India has spent years on a law to regulate or ban cryptos, with its central bank supporting a ban over their threat to financial stability,…
India’s top cryptocurrency exchanges have spent large sums on advertising with IPL 2021 and the upcoming T-20 world cup. But this time, they have determined not to do marketing during the 2022 IPL. Blockchain and Crypto Assets Council (BACC) has taken this decision. BACC has over 24 crypto organizations as members. Top crypto trading platforms…
Very few today understand what NFTs or how they work, but this free market for digital art and collectibles has gobsmacked big celebrities and organizations in the world, including the famed auction houses. The humble, struggling artist on the streets of Kolkata or Mumbai, on the other hand, can now dream of making hundreds or…
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…
Crypto exchanges in India have begun blocking and reporting trading accounts, which handle dubious trades after government agencies raised red flags over cryptos being utilized for money laundering. Self-regulation is introduced during the time frame when the country is yet to settle on any regulations around cryptos or the method to tax them. Industry analysts…
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…
India’s super-rich people and family offices are becoming part of the crypto bandwagon. On their part, crypto exchanges are rolling out the red carpet for them with personalized services. Crypto funds and exchanges have experienced an increase in investments – skywards of Rs. 1 crore – by rich people and family offices, amid rising global…
After prime private sector banks started commanding payment gateway companies to abort services to many crypto exchanges in India over the past month, Paytm Payments Banks Ltd. (PPBL) had come to rescue the exchanges. But Paytm too has now halted servicing the exchanges via payment gateway channels. The effect was visible and one exchange, Zebpay…