Tag: India

The rapid rise in crypto adoption across the globe is something to admire. The country with the biggest number of crypto investors, India, just crossed the 100 million mark. With so many investors, the regulatory uncertainty regarding blockchain-based tokens is not doing any good. As mentioned in a previous report by TheCoinRise, Indian authorities are […]

Instead of outright banning Bitcoin, the Indian government has a more permissive attitude towards cryptocurrencies. India appears to be going in the regulation approach, unlike China which is hostile towards digital currencies. In a first, the Indian government has announced that it will hold a “first-ever” meeting with the country’s major cryptocurrency companies. Members of […]

The Indian massive Bitcoin scandal now brings more shocking revelation as the prime accused claims that he had hacked Hong Kong-based crypto exchange Bitfinex two times. Srikrishna Ramesh, aka Sriki, the prime accused hacker of the scandal in the Karnataka state of India, said in his confession that he is the first individual to hack […]

One of the biggest cryptocurrency exchanges, Coinbase, is aiming to improve its customer support sector while expanding in India. It has recently acquired a startup company, Agara, to handle the task.  Today, Coinbase officially revealed the acquisition of the startup company Agara, an Indian artificial intelligence technology-enabled support platform. Agara, along with its work in India, also […]

The popularity of non-fungible tokens has absolutely taken over the entire world. The second most populous nation, India, also had its fair share of crypto enthusiasts. According to recent reports, as many as 15 million Indians have invested in cryptocurrencies. While the government’s stance on digital assets remains unclear, NFT adoption continues to surge in […]

CoinSwitch Kuber has become the biggest crypto company in India as its valuation reaches a whopping $1.9 billion. But according to an October 6 official announcement, its dominance is coming from raising $260 million in a Series C funding round. The funding round was led by Andreessen Horowitz and the venture capital arm of Coinbase, […]

Ethereum cofounder Vitalik Buterin has made what may be the biggest donation yet to alleviate India’s COVID-19 crisis, eclipsing even aid from foreign governments. He said on Wednesday that he had transferred over 50 trillion Shiba Inu coins and other so-called cryptocurrency meme tokens, worth an estimated $1.2 billion, to the India Covid Crypto Relief […]

Last week the world saw the ugly part of traditional banking, with Turkey suddenly freezing millions of accounts and Hong Kong ATMs being out of cash. Incidents like these encourage people from all social strata to consider safer stores of value (SOVs), with Bitcoin being the first reasonable option. Turkey Freezes More Than 3M Bank […]

Time for Bitcoin in India and Hong Kong? As anti-government protests continue to break out around the globe – with ATMs in Hong Kong reportedly running out of cash while thousands of bank accounts are being frozen in India due to a scandal involving the country’s PMC Bank, the notion of a deflationary and censorship-resistant […]

The authorities in Indian crypto ban appear to have fallen victim to their own anti-crypto regulations. Money seized from a convicted Bitcoin scammer is currently sitting trapped in a frozen State Bank of India of bank account. The authorities had originally hired a local trading venue to take care of exchanging the $1.1 million in […]