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Some 14 Indian banks have joined a blockchain consortium that aims to tap into the blockchain to speed up internal processes. Dubbed India Trade Connect, the consortium is six months old and will facilitate the swift issue of loans over a decentralized protocol. According to Bloomberg, the member banks account for more than 50% of … Read more
Despite the growing popularity of cryptocurrency, scams remain one of the biggest problems the industry faces today. Indian police officials recently shut down a major cryptocurrency scam which may have defrauded users for nearly two full years. It is evident that such contraptions will need to be shut down sooner rather than later, as they … Read more
Indian cryptocurrency exchanges have followed the Supreme Court’s suggestion for them to present their cases to the Reserve Bank of India. They have sent letters to the central bank, offering alternatives to the RBI’s banking ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court’s Suggestion Cryptocurrency exchanges in India have reportedly sent … Read more
Indian authorities have questioned British businessman Raj Kundra, husband of Bollywood star Shilpa Shetty, in regards to his alleged connection to a $300 mln ICO scam Go to Source Powered by WPeMatico
Police in the Indian city of Thane have raided the offices of an alleged multi-million cryptocurrency scam on Monday. According to its promoters, Money Trade Coin (MTC) “provides a safer, more secure and superior alternative of storing wealth in the form of digital currency, to investors as well as commoners.” Investigators, however, accuse it of … Read more
The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded … Read more
One of India’s major cryptocurrency exchanges, Unocoin, has announced the launch of its new trading platform, “featuring the whole set of tools for hardcore traders in the industry.” Fifteen cryptocurrencies can now be traded using its platforms. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Unocoin Launches Unodax Leading Indian cryptocurrency exchange Unocoin announced … Read more
India’s telecom regulator has proposes a blockchain-based system to prevent unsolicited telemarketing communications, as well as to protect the privacy of telecom users Go to Source Powered by WPeMatico
At press time, bitcoin has incurred a small rebound, and is now trading for roughly $7,500. This marks a $100 spike from yesterday’s price, though that, in turn, marked a $100 fall from 48 hours ago, when bitcoin had previously been trading for $7,500. Thus, while bitcoin’s new position is a move in the right … Read more
India’s banking system has taken a harsh stance against cryptocurrencies as banks dig their heels in against crypto Go to Source Powered by WPeMatico