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Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
31.7.2020
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...
‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk
30.7.2020
Indian cryptocurrency exchange Zebpay is launching an OTC bitcoin trading desk. The exchange has shared the details with news.Bitcoin.com, stating that “There is huge demand” among bitcoin traders and arbitrageurs in India for OTC desk services. Zebpay Sees Huge Demand for OTC Crypto...
Bitcoin Tops $11,000 Reigniting Interest in India
30.7.2020
A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing...
Indian Users Almost 5 Times More Likely to Encounter Crypto Hacking: Microsoft Report
29.7.2020
According to a cybersecurity report by Microsoft, among countries in Asia-Pacific, Sri Lanka faces the highest rate of encounter with such attacks with neighboring India in second place
Cryptojacking Almost 5 Times More Prevalent in India Than Global Average
29.7.2020
A new Microsoft report states that India encounters the second-highest number of cryptojacking incidents in the APAC region
Is Bitcoin Mining Legal in India? Miners Still Don’t Know
28.7.2020
Following a recent Supreme Court decision, India's crypto industry is optimistic about the future. But miners still don't know if what they do is illegal
Uncertain Regulations Block Indian Banks’ Entry Into Crypto, Says Expert
24.7.2020
Blockchain.com’s head of research Garrick Hileman discusses the interest of Indian banks in the crypto space
Indian PM Backs Blockchain as 'Frontier Technology'
24.7.2020
Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity
India Leads P2P Volume Records Among Emerging Markets
22.7.2020
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020
The Cashaa Hack: Investigators Stay Silent as Inside Job Rumors Emerge
19.7.2020
As 336 BTC get stolen from crypto-friendly bank Cashaa, there is still no clear explanation for what happened
Former Finance Secretary Subhash Chandra Garg Proposes Regulating Crypto as Commodity in India
18.7.2020
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities. However, he stands by his draft crypto bill that bitcoin and other cryptocurrencies should be outlawed. Garg Proposes Indian...
Law Decoded: Pushing the Legal Limits, July 10–17
17.7.2020
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media
Bitbns collaborates with Sylo to boost crypto adoption in India
17.7.2020
The fledgling Indian crypto market has got a new boost as the Global software company Sylo has joined hands with Bitbns, India’s premier cryptocurrency exchange. With this new collaboration, Sylo is looking to tap on the early opportunities available in the Indian market. There is immense potential...
India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban
17.7.2020
For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders
Crypto Wallet Provider Sylo Targets Growing India Market Through Exchange Partnership
17.7.2020
Digital wallet provider Sylo has teamed up with India-based exchange Bitbns aiming to serve the nation's revitalized cryptocurrency market
‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages
15.7.2020
Indian cryptocurrency exchange Wazirx is offering rewards for videos about how to buy bitcoin or other cryptocurrencies in India in all Indian languages, including Hindi, Tamil, Gujarati, Marathi, Kannada, Bengali, and Telugu. News.Bitcoin.com caught up with Wazirx CEO Nischal Shetty to find...
Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion
14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...
Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation
13.7.2020
The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India....
Crypto Exchange Cashaa Loses 336 Bitcoin Worth $3 Million to Hackers
13.7.2020
Cryptocurrency exchange Cashaa says it has lost 336 bitcoin (worth around $3.1 million) to hackers. The London-based platform has now ceased all crypto-related transactions, including withdrawals and deposits, as investigations into the breach get underway. In a tweet on July 11, Cashaa claimed...
Hacker stole 336 BTC from Crypto exchange Cashaa
11.7.2020
Cryptocurrency exchange Cashaa said hackers took 336 bitcoin from one of its wallets. The company has stopped all crypto-related transactions