Tag: India

Crypto exchange CoinDCX raises $135M funding to support Indian Web3

sysadmin

Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country.  The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which was led by Pantera and Steadview and saw participation from prominent investors including Kingsway, DraperDragon and Republic. Existing investors such as B Capital Group — a VC firm from Facebook co-founder Eduardo Saverin — Coinbase, Polychain and Cadenza also joined in on the oversubscribed funding round to…

Read More

Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC

coinmaker

A fast-moving Bitcoiner has run through 7 of 40 countries on his Bitcoin-powered marathon around the world. Paco the Runner, also known as Paco de la India, set off on Sept. 17, 2021, paying for his entire running trip thanks to all the Bitcoiners around the world. He’s showing that “Bitcoin gives everyone freedom in the way they desire it.” Buying an icicle for Sats early on his journey. Source: Twitter Paco went from “living a lie on the fiat standard,” to traveling the world living off Bitcoin (BTC) only…

Read More

Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation – Regulation Bitcoin News

sysadmin

[ad_1] Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling for an outright ban on crypto. Meanwhile, the Indian government is reworking the crypto bill before resubmitting it to parliament. Legal Experts Explain It’s Too Late to Ban Crypto The Indian government is under pressure from the country’s central bank and…

Read More

GoSats launches Bitcoin cashback rewards card in India

sysadmin

[ad_1] Bitcoin (BTC) rewards company GoSats has launched a new cashback rewards card for customers in India, potentially setting the stage for wider mainstream adoption of digital assets in the world’s second-most populous country.  The new product is being introduced in partnership with the National Payments Corporation of India, also known as NPCI, which is a not-for-profit organisation dedicated to promoting digital payments and settlement systems across the country. The organization was founded in December 2008 and is under the direct ownership of the Reserve Bank of India. The GoSats…

Read More

India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case – Exchanges Bitcoin News

sysadmin

[ad_1] India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into Chinese owned illegal online betting applications,” the ED detailed. ED’s FEMA Investigation of Wazirx India’s Directorate of Enforcement (ED) reportedly said Friday that it has issued a Show Cause Notice (SCN) to Wazirx, CEO Nischal Shetty, and co-founder Sameer Hanuman Mhatre. Wazirx is one of the largest crypto…

Read More

Athlete Gives BTC To India COVID-19 Relief

sysadmin

[ad_1] Brett Lee, a professional cricketer for the Indian Premier League, has donated one bitcoin (worth about $55,000 at the time of this writing) to aid India’s ongoing battle against the COVID-19 pandemic. He was inspired by fellow Australian cricket player Pat Cummins, who donated $50,000 toward a fund for oxygen supplies in India’s hospitals, according to a Twitter announcement about his own donation. “India has been like a second home to me,” per the announcement. “I feel privileged to be in a position of making a difference and with…

Read More