Search
India's Web3 alliance tightens cybersecurity after Wazirx attack
31.7.2024
The BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
30.7.2024
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers
30.7.2024
The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover...
Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan
29.7.2024
Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon...
WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming
29.7.2024
Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month
RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
27.7.2024
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of...
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
27.7.2024
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted...
Wazirx Details Plan to Resume Withdrawals and Trading — Insists Signers’ Machines Show ‘No Evidence of Compromise’
25.7.2024
Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals no evidence of compromise on our signers’...
India Gears Up for Crypto Policy Overhaul by September
25.7.2024
The Indian government is preparing to release a discussion paper on its crypto policy stance before September. This development was announced by Economic Affairs Secretary Ajay Seth in an interview with Moneycontrol. India’s crypto stance from scrutiny to strategy The planned discussion paper...
Indian City of Raipur Puts Real Estate Records on Blockchain With AirChains
25.7.2024
Raipur, the capital city of the Indian state of Chhattisgarh, has started bringing building records on blockchain with the help of AirChains, an India based Zero-Knowledge (ZK) roll up
India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
25.7.2024
India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation's junior Home Minister Nityanand Rai said to parliament on Wednesday
India cracks down on darknet drug deals using crypto tracking
25.7.2024
India’s NCB forms a special task force and initiates digital forensics training to tackle the growing misuse of cryptocurrencies in drug trafficking
India to Release its Crypto Policy Stance By September After Stakeholder Consultations: Report
25.7.2024
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth
Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading
24.7.2024
Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re...
US Government Could Hold Bitcoin as Reserve Asset, Diam CEO Explains
24.7.2024
Bryan Courchesne, CEO and founder of crypto investing firm Daim, has shared insights regarding how the U.S. government could start holding bitcoin as strategic reserve asset. “The Justice Department holds about 200,000 units of bitcoin so the United States is the largest holder of bitcoin...
Asian Markets Cashed out During Recent Gold Rally
23.7.2024
Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with local dealers preparing for regulatory changes, while...
India Maintains Crypto Tax Regulations in 2024/25 Budget
23.7.2024
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India....
Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure
23.7.2024
Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian...
Indian finance minister ignores crypto industry’s budget tax plea
23.7.2024
Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
23.7.2024
The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%