- Cryptocurrency This Week: 9 More Celebrities’ Names Pop Up As The Great Bitcoin Scam Unfolds At a time when cryptocurrency exchanges that are operational in India are mending their ways, to minimise the impact of RBI circular, dated April 6, new Bitcoin scams are popping up with each passing day. In a Bitcoin scam related to Amit Bhardwaj, the Enforcement Directorate (ED) has now questioned businessman Raj Kundra who also […]
- As RBI Maintains Its Status Quo, Indian Cryptocurrency Exchange BuyUcoin Launches Decentralised Crypto-Tokens As the RBI’s grace period to banks – dealing with cryptocurrency entities – is set to end next month, the Indian cryptocurrency exchanges which include Zebpay have explored other routes such as crypto-to-crypto to bend around the rules the tech way. While Unocoin has launched a new platform UNODAX, a multi-crypto asset exchange; BuyUcoin, another […]
- IAMAI Moves Supreme Court Over RBI’s Cryptocurrency Ban In a fresh petition against the RBI’s order dated April 6, disallowing regulated entities from dealing in virtual currencies or offering services to entities dealing with them, the IAMAI (Internet and Mobile Association of India) has moved the Supreme Court (SC) to issue a stay on the order. The report stated that the IAMAI’s petition was filed […]
- Cryptocurrency: Another Company Flinstone Technologies Moves To Delhi High Court Against RBI After Kali Digital knocked the doors of Delhi High Court against the RBI’s circular barring banks from dealing with cryptocurrency-related entities, another company Flinstone Technologies has approached Delhi High Court seeking the quashing of the circular. On April 5, 2018, the RBI had issued a statement stating that it will not deal with or provide […]
- 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 Startup Kali Digital Eco Systems Files Petition Against The RBI Ahmedabad-based crypto firm Kali Digital Eco Systems, which runs multi-cryptocurrency exchange CoinRecoil, has now approached the Delhi High Court against the RBI’s recent circular banning banks from dealing with cryptocurrency-related firms. While the respondents, in this case, are RBI, the Indian government and the GST Council, the next hearing is on May 24, 2018. As […]
- Cryptocurrency This Week: Indian Cryptocurrency Exchange Coinsecure Reports Bitcoin Theft Of Worth $3.5 Mn, And More As the RBI bans Indian banks from servicing Bitcoin exchanges, Australia introduces a new law to operate such cryptocurrency exchanges legally. While Indian cryptocurrency exchange Coinsecure marks India’s largest Bitcoin theft ever, Bithumb, South Korea’s largest cryptocurrency-to-fiat exchange, has reported a 171-fold revenue growth in 2017. Analysts at the Bank of America believe Bitcoin is […]
- 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 […]
- 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 […]
- Cryptocurrency This Week: Indian Govt. May Regulate Bitcoin This Fiscal Year-End And More After having a monumental rise to $20K, Bitcoin’s honeymoon seems to be over. The dark knight is back to $9K. While some analysts term it further signs of ‘Bitcoin bubble’ getting burst some count it as the aftermath of Coincheck heist. Whatever be the reason, Bitcoin market value has gone down by $80 Bn in […]
- 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, […]