Cryptocurrencies are having a bad time in India. The proposal for outright bans, criminal charges are leading the local crypto exchanges to cease their operations overnight. Recently, the firm Koinex has decided to call it quits in the crypto domain. The announcement regarding the closure of Koinex comes from the official blog post of the founder…
India and cryptocurrencies can never go together. Again this statement is going to prove as true. According to hearsays, Facebook crypto Libra has no plans to arrive in India. The country has no permit to allow the use of cryptocurrencies. Libra crypto wallet Calibra will not be available in the regions that don’t permit crypto. […]
India is going to witness a humongous gathering of Blockchain enthusiasts as Dapp Fest 2019 is all set to kick off. The event will take place in India’s silicon valley Bengaluru from June 11th to 15th. This mega meetup is being organized by the firm Blockchained India, Blockchain geeks from both India and abroad will […]
The scene of cryptocurrencies is quite bleak in India. Adding to the woe every other day some crypto scam is popping up in the region which further tarnishes the notion of crypto in the public. The Criminal Investigation Department (CID) in Gujarat has unearthed a multi-million dollar cryptocurrency scam. A certain Diveysh Darji has duped […]
Telangana is soon going to be India’s first blockchain capital. It is all set to break into the scene with new possibilities. The state government has drafted a blockchain policy to offer regulations and policy support for blockchain startups in the city. This will majorly help in reflecting India’s position in the global scenario. As […]
Succumbing to government regulations, Indian crypto exchange Coinome suspends operation, effective immediately from 15th of May, 2019. The firm has requested the traders on its platform to withdraw their funds at the earliest. The exchange has tweeted its decision over its official handle. After Coinome’s notice, people are trying to withdraw their assets but some […]
Very soon India will ban cryptocurrencies to put an end to incidents of money laundering and illegal fundings. The draft of a bill “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019” has been put forward to various departments of the Indian government. Apparently, the new government post mid-2019 elections will receive the […]
Accenture has announced its collaboration with Mastercard, Amazon Web Services, Everledger and Mercy Corps to introduce a ‘circular supply chain’ focusing on creation of a blockchain-based transparent supply chain platform. The platform will use digital identity management and blockchain technology to enable consumers know the complete supply chain journey of products, from start to finish.
In the race of blockchain technology adoption, India has been performing quite well so far. What’s been even more interesting is the fact that, in spite of the country’s stern stand against Bitcoins and other cryptocurrencies, it has embraced the technology with open arms. Moreover, to boost the prospects of decentralized systems in India, Prime […]
The Mumbai Crime branch, in India, has uncovered a gang behind a $13 million (INR 100 crore) cryptocurrency scam, which was spread over the states of Maharashtra, Gujarat, and Uttar Pradesh. The scammers had launched a scam coin, dubbed Cashcoin, which was claimed to be similar to Bitcoins. The gang cheated people by promising them double returns within two months.