- From Warning To Now Action, SBI Bars Customers Trading Cryptocurrencies Following the order by the Reserve Bank of India barring regulated financial institutions from dealing in cryptocurrencies, the biggest public sector bank, SBI (State Bank of India), has issued a notification that it has discontinued cryptocurrency dealings through SBI Card. The notification stated, “As per RBI, there are increasing concerns of consumer protection, market integrity, […]
- Cryptocurrency This Week: Indian Bitcoin Exchange Knocks Court’s Door Against The RBI, And More Amid Indian government and authorities like the RBI trundling against Bitcoin, cryptocurrency exchanges have decided to stand up the challenge to survive the brunt. While crypto entity Kali Digital has already knocked Delhi High Court’s doors against the RBI’s recent circular, leading cryptocurrency exchange Zebpay has decided to launch crypto-to-crypto trading on its platform to […]
- Cryptocurrency This Week: AirAsia To Launch Its Own Cryptocurrency Called BigCoin And More While cryptocurrency leads the dark web space, a currency is one of the primary reasons behind all the illegal and sinister things that happen in the society, even when it is just a legal tender of getting things done. Speaking at a NASSCOM Conclave, Bengaluru, Rohas Nagpal, Cofounder of Primechain Technologies, a blockchain startup explained, […]
- HDFC Bank Bars People Trading Bitcoin And Other Cryptocurrencies With Its Cards After SBI Bank issued a warning against using SBI credit cards for trading cryptocurrencies, one of the leading private banks of India, HDFC Bank has stated that its credit, debit and prepaid cards will not be permitted for the purchase/trade of Bitcoins, cryptocurrencies, and virtual currencies. Worldwide, a number of banks including Lloyds, Capital One, […]
- 4 Things That Made Blockchain The Most Disruptive Tech In Decades Blockchain, the revolutionary technology behind Bitcoin, has been slow to receive the fame it deserves. Hailed as one of the most disruptive technologies in decades, blockchain technology is at the heart of the shift from centralised server-based internet system to a cryptographic transparent network. According to National Institute of Standards and Technology (NIST) report, “A […]
- Despite Unclear Govt Status On Cryptocurrencies, Car Rental Startup Drivezy Raises $5 Mn Via ICO Mumbai-headquartered P2P bike and car rental startup Drivezy has raised $5 Mn, as part of is first round of initial coin offering (ICO). Apart from the company’s existing investors, the round also saw the participation of high net worth individuals (HNIs) from Japan and Singapore. As per reports, Drivezy’s first ICO round was open to […]
- A Central User Database For Indian Cryptocurrency Exchanges May Be Underway With the Indian government cracking down on cryptocurrency trading, the country’s Bitcoin exchanges have reportedly come together to create a central database that will be programmed to maintain user information as well as real-time records of transactions. According to sources close to the development, through this technology, cryptocurrency exchanges will be able to trace the […]
- The Story Of Cryptocurrency, BlockChain And ICOs In India Is Still At A Preamble Level Every time you reload the web browser, there’s something new about cryptocurrency. The highly dynamic and virtual currencies of the digital era are driving volatility in wealth creation and creating billionaires out of nerdy computer programmers. Read Forbes List of Richest People in Cryptocurrency. While there’s only a handful of such billionaire ‘whales’ out there […]
- LetsVenture To Explore Trends In Angel Investing, Collaboration Between Startups And Governments At LetsIgnite New Delhi LetsVenture is all set to host the fifth iteration of its flagship event, LetsIgnite, in New Delhi on February 14. Bringing together prolific angels, VCs, government, ecosystem influencers, corporates and family offices, the event aims to initiate fresh discourse on angel investing trends in the startup ecosystem. The central theme of LetsIgnite Delhi is ‘Beyond […]
- Bitcoin Investigation: Income Tax Issued Notices To 100K Cryptocurrency Traders, Says CBDT Amid Bitcoin bubble burst, perhaps the largest since Tulipmania, in contrast to the earlier reports which said that 400-500 HNIs had been issued notices over Bitcoin trading, CBDT Chairman Sushil Chandra has now clarified that about 100K HNIs who had invested in cryptocurrencies like Bitcoin without declaring the same in ITR were issued notices (by […]
- Indian Government To Come Out With A Framework To Regulate Cryptocurrencies By This Fiscal Year End Amidst news over the Indian government mulling to ban cryptocurrencies, it appears that the government is, in fact, considering to roll out a framework to regulate cryptocurrencies by the end of this financial year. Subhash Chandra Garg, Secretary, Department of Economic Affairs, said at a CNBC TV18–Mint event on Budget 2018, “We hope that within this year, […]
- Crowdfire Founders To Launch Bitcoin And Cryptocurrency Exchange WazirX Nischal Shetty, co-founder of Crowdfire, a social media management app for Twitter and Instagram, has announced plans to launch a new Bitcoin and cryptocurrency exchange WazirX. The platform will be launched in March. As per a Medium post by Nischal, WazirX will be built as India’s most trusted bitcoin and cryptocurrency exchange. On how he […]