At the WEF’s 2022 Davos agenda, Narendra Modi, Indian Prime Minister, called for a united global stand to tackle the issues emerging from the cryptocurrencies’ increasing adoption. The key takeaway of the Indian PM’s talk was, “A single country cannot tackle the challenges from crypto well enough.” Call For A Standard Global Approach Talking for…
It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency”…
Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase. WazirX’s 2021 trading volume to date has been around $38 billion, CoinDesk reported, with a month-over-month increase of 44%. They…
The soaring interest surrounding crypto assets like Bitcoin, Ethereum, and other altcoins, is highly centralized in the United States compared to the rest of the world. However, a new study shows that India ranks second, behind only the US in terms of overall interest in digital currencies. What’s notable about this new finding, is that…
Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV).The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market.“At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize Chit Fund Companies, Regulators, Subscribers,…
Another week, another round of Crypto Tidbits. The past seven days have been rather positive for Bitcoin and the rest of the cryptocurrency market, which was battered the week prior to the one that just transpired.BTC rallied from $8,400 to $8,888 (as of the time of this article’s writing), tapping $9,200 on Saturday morning. Altcoins largely…
Earlier today, India’s Supreme Court reversed a ban against Bitcoin, Ripple’s XRP, and other cryptocurrencies. While this is a huge development for all digital assets — from the market leaders to the small altcoins that few know of — some are saying this ruling could have an outsized effect on XRP, which has been struggling…
Almost one million customers of an Indian bank are currently without access to the money they deposited with the institution. The incident serves as yet another reminder of the shortcomings of the current banking system and the potential improvements offered by crypto. The bank in question has been under investigation for fraud and Mumbai police…
Escalating political tensions in Hong Kong and a potential economic and banking crisis in India has highlighted how fragile cash savings can be. Naturally Bitcoin would be the answer if adoption was greater and volatility was lower but the pluses for decentralized money are growing. Hong Kong ATMs Empty As violence continues to grip the…
Bitcoin is plunging in part because of a report that India could ban trading in cryptocurrencies entirely. The report appears to have been misleading. The Indian government appeared to have been only announcing that it could add extra regulation to bitcoin – but in an ambiguous statement that hasn't stopped it dragging the value of cryptocurrencies down.…