Indian banks remain anti-crypto despite the Supreme Court’s ban lift
The Reserve Bank of India (RBI) has placed no prohibition on banks to provide accounts to cryptocurrency traders; however, many banks remain anti-crypto and deny services to cryptocurrency users. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country’s currency and credit systems. In a recent […]
Crypto mining in Kazakhstan legalized soon after bill passage
The House of Representatives is set to deliberate on the passage of a bill that will make crypto mining in Kazakhstan become a legal business. This is amidst the country being seen in the spotlight as a new hub for crypto mining. An emerging hub for crypto mining in Kazakhstan Kazakhstan is seen as an […]
Matic network validator: $40 billion Infosys to enable a secure platform for DApps
The $40 billion NYSE-listed technology company, Infosys, will become the latest Matic Network validator. The Layer 2 scaling solution, Matic, says the collaboration will facilitate in providing a robust and more secure environment for its increasing Decentralized Applications (DApps) ecosystem. Infosys joins DApp ecosystem as Matic network validator Matic, which is among the first Binance […]
IBM TradeLens set to transform India’s supply chain
India’s supply chain is all set to receive a massive digitization push as IBM TradeLens partners with the country’s most extensive multi-port operator, Adani Ports and Special Economic Zone Limited (APSEZ), The Hindu Business Line reported on May 27. In pandemic ridden times, global supply chains are in dire need of automation. And what better […]
Indian crypto exchange CoinDCX raises additional $2.5 million
India’s most popular crypto exchange CoinDCX has made it official today that an additional capital injection of $2.5 million has been received from blockchain investment firm, Polychain Capital and investment entity of the US-based digital assets exchange, Coinbase Ventures. Leading crypto exchange CoinDCX is riding the wave of crypto popularity in India. It was just […]
Indian blockchain firm partners with GOI to boost farmers income
An Indian Blockchain firm and agritech startup, Agri10x has partnered with the Government of India (GOI) to help Indian farmers sell their produce to buyers directly. Reportedly, the Indian blockchain firm, Agri10x, will be able to access five hundred thousand government-affiliated common service centers that would enable farmers in rural areas to register with the […]
India’s coronavirus rescue package is among the biggest in the world
Modi’s India announced a mega coronavirus rescue package on Tuesday, hailed as one of the most substantial economic bailouts after the US and Japan. It works out to be roughly 10 percent of the country’s GDP. Countries around the world are unleashing trillions of dollars of cash in frantic attempts to mitigate the financial fallout […]
India crypto sector welcomes more exchanges as trading volume surges
Recent reports are showing that the India crypto sector appears to be growing, in spite of the national lockdown measure to curb the spread of COVID-19. Amid the report of this surging sector comes the announcement of cryptocurrency exchange being rolled out in the country. Bitpolo and CoinSwitch Kuber launches in India Bitpolo posted on […]
Indian crypto exchanges see record-breaking trading volume amid nation lockdown
Cryptocurrency activities in India have been increasing after the Supreme Court revoked RBI circular ban on digital currencies. This is spurring sentiments that the country might arguably become the next big market in the entire crypto Industry. Indian crypto exchanges record high stats While the nationwide lockdown brought intense stress to different global financial markets, […]
Silver Lake and Facebook Scramble for thriving Indian Market
Silver Lake and Facebook appear to be taking advantage of the current vibrancy in the Indian market. Barely a month after RBI lifted the ban on crypto in the country, high profile companies are developing interest on the sub-continent and the current target is the Jio Platforms owned by one of Indias richest businessman. Silver […]
Hiredd.com launches free India job search platform amid COVID-19 pandemic
It’s no news that the recent coronavirus pandemic has resulted in large-scale unemployment worldwide. Hiredd.com has come up with a free job search platform in India for companies to hire these job seekers. The COVID-19 pandemic has really caused a lot of hardship worldwide as individuals and corporate organizations can not carry out their daily […]
Binance global visibility grows after Rupee and Rupiah trades launch
Binance global visibility appears unstoppable after its entry into two key emerging markets. The high profile exchange has entered the India and Indonesia markets after launching Rupee and Rupiah peer-to-peer trades. In its announcement dated April 14, the platform has enabled users to trade Rupees (INR) and Rupiah (IDR) with other cryptocurrencies. The two countries […]
Crypto adoption in India surges amid coronavirus and banking crisis
Crypto adoption in India is on the rise despite the coronavirus pandemic and domestic crisis in the banking industry. The crypto uptake surge is as a result of the Reserve Bank of India (RBI) lifting the ban banking institutions from doing business with firms dealing in crypto. The ban which was lifted on March 4 […]
Tim Draper keen on plowing money into Indian crypto startups
Billionaire Tim Draper, who has built his multi-billion dollar fortune through successful venture capital investments, said in an interview with Inc42 on Saturday that the Indian crypto scene has fascinated him ever since the Supreme Court of India delivered a landmark verdict by abolishing RBI-imposed restrictions on cryptocurrencies in India. When the Reserve Bank of […]
Crypto firms legal status exposed by Indian minister Faizal
Due to the illicit activities going on within crypto firms in India, an Indian minister is taking bold steps to conduct investigations to expose these firms. According to a filing received by Lok Sabha, Mohammed Faizal of the government’s lower house provided three different questions to Anurag Thakur, Finance and Corporate Affairs State Minister in […]
