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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: India

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

Category: Blockchain, Business, Finance, News

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

India’s third largest private bank Kotak Mahindra announced on May 17 that it had enabled trade financing for one of its clients by applying blockchain technology to reduce the time it takes for the letter of credit (LC) to be completed from 20 to 30 days down to a few hours. The Mumbai-headquartered lender has collaborated with global consultancy firm…

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Indian Tech Giant Hopes to Partner With US to Develop Blockchain Technology

Category: Blockchain, Business, Commentary, News, Tech

Indian Tech Giant Hopes to Partner With US to Develop Blockchain Technology

Tech Mahindra, the $6.3 billion tech giant of India, which generates $4.1 billion in annual revenue and employs around 120,000 people, has called for a partnership with the US to develop blockchain technology and implement it in the technology, telecommunications, and finance industries. An interview with local publication Khaleej Times focused on the US government’s foreign worker policies and President…

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India is Potentially a Massive Market For Bitcoin If Legalized

Category: Bitcoin, News, Regulation

India is Potentially a Massive Market For Bitcoin If Legalized

After years of operating without clear regulatory frameworks, self-regulated bitcoin exchanges and businesses will most likely be introduced to a new set of regulations and policies by the Indian government in the next few months. Ever since the launch of Bitcoin in 2009, analysts and experts have stated that largely unbanked countries such as India present a potentially massive market…

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Has Bitcoin Become Illegal in India?

Category: Bitcoin, News, Regulation

Has Bitcoin Become Illegal in India?

Is India on the brink of becoming the next China? Did the central bank make bitcoin illegal? Or legal? Or both? A newspaper reports that bitcoin has become illegal in India, but an Indian exchange denies this. A committee shall decide who is right. According to the Economic Times of India the Indian central bank, the Reserve Bank of India…

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Indian Bitcoin Startups Set Up Cryptocurrency Self-Regulatory Body

Category: Altcoins, Bitcoin, News, Regulation

Indian Bitcoin Startups Set Up Cryptocurrency Self-Regulatory Body

Indian Bitcoin startups Zebpay, Unocoin, Coinsecure and Searchtrade, launched a self-regulatory body on February 24. The body, named Digital Asset and Blockchain Foundation of India (DABFI), is charged with laying down rules and regulations that will govern the cryptocurrency market in India. Regulations for the bitcoin industry are to be developed by a committee spearheaded by Saurabh Agrawal (Zebpay) and…

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India’s Central Bank Warns Against Bitcoin Amidst Move Toward Cashless Society

Category: Bitcoin, News, Regulation

India’s Central Bank Warns Against Bitcoin Amidst Move Toward Cashless Society

On November 9, 2016, India’s Prime Minister Narendra Modi surprised the nation by taking the two highest denomination notes, 500 and 1000 rupees, out of circulation in a daring move towards becoming a cashless society. The demonetization aims to reduce corruption, counterfeiting, black money and terrorism financing, which all rely on cash transactions. To recuperate GDP lost in India’s $460…

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Rising Star In The Bitcoin World: Interview With Elizabeth McCauley of Coinsecure

Category: Bitcoin, Interviews, News

Rising Star In The Bitcoin World: Interview With Elizabeth McCauley of Coinsecure

Those who know Elizabeth (Ploshay) McCauley might say that she is on a career trajectory akin to the explosive rise of Bitcoin. As the Head of Global Business Development at Coinsecure she is involved in a high-stakes movement to fuel bitcoin access in India, one of the world’s fastest growing countries. She is also a Board Member of the Bitcoin…

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Global War on Cash Intensifies, Demand For Gold, Silver & Bitcoin Surges

Category: Bitcoin, Finance, News

Global War on Cash Intensifies, Demand For Gold, Silver & Bitcoin Surges

A global war on cash has begun, as many countries have imposed heavy capital controls and have placed restrictions on fiat money. The increasing control of the authorities over traditional forms of money is pressuring investors, traders, households, and businesses to look for alternative safe haven assets like gold and bitcoin. Over the past few months, an increasing number of…

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Buterin and Microsoft Introduce Ethereum at the First Indian Blockchain Summit

Category: Ethereum, News, Tech

Buterin and Microsoft Introduce Ethereum at the First Indian Blockchain Summit

Blockchain technology reaches India. During the first Blockchain summit in the country, Vitalik Buterin explained non-financial blockchain applications, while Microsoft presented its Blockchain-as-a-Service Azure platform. During November, India has witnessed the growing attention of the cryptocurrency industry after the government decided to take a large portion of cash out of circulation. While many have sought to substitute cash with Bitcoin,…

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Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

Category: Bitcoin, Commentary, News

Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over 90 percent of India’s consumer…

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