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Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
5.9.2022
The trial may lead up to the introduction of a CBDC in India before the end of this fiscal year, most likely in three steps; U.S.-based FIS is reportedly participating
Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt
4.9.2022
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008...
India Surpasses UK as World’s 5th Largest Economy Based on IMF Data
4.9.2022
India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30. India Becomes...
Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering
27.8.2022
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of...
Indian Crypto Market Is Growing: Report Shows the Country Has 115 Million Crypto Investors
27.8.2022
A new report shows that India has roughly 115 million crypto investors, and the country’s crypto economy is growing despite the recent market downturn, with more than half of the crypto investors surveyed planning to increase their crypto investments in the coming six months. Indian Crypto...
Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires to Crypto Firms + More News
26.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Zipmex Engages Financial Advisors, 16 Afghan Exchanges Shut Down, CoinSwitch Kuber Raided, Singapore Sends Questionnaires...
India’s Central Bank Governor Warns Crypto Market May Crash and Small Investors Will Lose Money
26.8.2022
RBI Governor Shaktikanta Das has warned that the crypto market may crash and small investors will lose money. He added that the central bank believes that its warnings have deterred many people from investing in cryptocurrencies. RBI Governor’s Crypto Warnings The governor of the Indian...
US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News
25.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes...
First Mover Asia: Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K
25.8.2022
A study by crypto exchange’s KuCoin found that 15% of the country’s population aged 18-60 held or had traded crypto in the past six months; ether trades sideways
54% of Indian Crypto Investors Surveyed in Q2 Aimed to Invest More in 6 Months - KuCoin
23.8.2022
Despite the latest market downturn, more than 50% of India’s survey respondents intend to expand their investments in crypto in the coming six months – indicating an optimistic approach to the market, according to a report by crypto exchange KuCoin....
Read More: 54% of Indian Crypto Investors...
One-third of estimated 115M Indian crypto users concerned about regulations
23.8.2022
A KuCoin survey estimates that some 115 million Indian citizens are invested in cryptocurrencies, while many are still concerned about the government's stance towards the sector
Correlation growing between crypto and equity markets in Asia, says IMF
22.8.2022
New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions
First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year
22.8.2022
High German inflation and ongoing macroeconomic uncertainty raised market anxieties. Investors will be eyeing comments by Fed Chair Jerome Powell at a central bank symposium in Wyoming
Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors
20.8.2022
The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authorities, the scheme reached a market capitalization of $3.4 billion at its peak....
Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges
18.8.2022
The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others....
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Indian police launch probe into BitConnect founder wanted by US SEC
17.8.2022
The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India
Fugitive BitConnect Founder Kumbhani Indicted in US Is Now Wanted in India Too
17.8.2022
An unidentified lawyer filed a complaint naming Kumbhani and six others saying he was defrauded of his original investment of 54 bitcoins and the returns of 166 bitcoins that he was made to reinvest into platforms between 2016 and 2021, according to Indian Express
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges
16.8.2022
India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala...
Binance distances from WazirX as Indian regulators keep chasing crypto
15.8.2022
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity
India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million
13.8.2022
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency...