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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: India

Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

Category: Blockchain, Business, Finance, News, Tech

Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

India’s second-biggest software service exporter, Infosys Limited, has developed a custom blockchain-powered trade finance network in a bid to overcome fraud in the Indian banking industry. To start, seven private lenders will test the trade finance network to increase security and transparency in the finance sector. Blockchain to Combat Banking Frauds The seven Indian private lenders that have enlisted to…

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Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

Category: Altcoins, Bitcoin, Business, Finance, News

Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

Indian authorities have joined forces together to stifle the growth of its local cryptospace. In the latest development, the Supreme Court has refused to grant an interim injunction against the Reserve Bank of India (RBI) directive prohibiting domestic financial institutions from rendering banking services to firms in the blockchain-based virtual currency world. No Room for Bitcoin According to a tweet…

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Largest India Conglomerate Victim of Monero Cryptojacking

Category: Altcoins, Bitcoin, Business, Crime, Mining, News

Largest India Conglomerate Victim of Monero Cryptojacking

Aditya Birla Group, one of India’s top business conglomerates is the first victim of a “cryptojacking” attack that occurred In April 2018. The attack was first detected in some of the conglomerates overseas subsidiary’s, but it quickly spread to manufacturing and other companies closer to home within days. First in India, but Illicit Mining Is a Long-Standing Problem Over 2,000…

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India’s Cryptocurrency and Blockchain Businesses Moving Abroad Amidst RBI Harsh Policies

Category: Altcoins, Bitcoin, Business, News, Regulation

India’s Cryptocurrency and Blockchain Businesses Moving Abroad Amidst RBI Harsh Policies

The Reserve Bank of India (RBI) is bent on stifling the growth of the nation’s digital currency ecosystem with its draconian policies. Now, crypto-powered businesses are leaving the country en masse to more digital currency-friendly regions. Forbidden Fruits On April 7, 2018, reports emerged that India’s Apex bank had given financial institutions in the nation an ultimatum to stop facilitating…

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Coinsecure Cryptocurrency Exchange Heist Victims to Wait Indefinitely for Refunds

Category: Altcoins, Bitcoin, Business, Finance, News

Coinsecure Cryptocurrency Exchange Heist Victims to Wait Indefinitely for Refunds

April 13, 2018, was undoubtedly a sad day for one of India’s leading bitcoin exchanges; Coinsecure. Over $3.6 million worth of the world’s leading digital currency was stolen from the firm’s crypto wallet, due to alleged negligence on the part of the exchange’s chief security officer. Now, the company has announced that victims of the theft would have to wait…

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Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

Category: Altcoins, Finance, News

Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

India can gain a 30 percent discount on crude oil purchases from Venezuela only if the payments are made using the state-endorsed digital currency, the Petro, which is backed by the country’s oil and mineral reserves. Coinsecure Thinking of Listing the Petro The Petro is a cryptocurrency which was developed by the government of Venezuela and was launched sometime in…

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Roger Ver of Bitcoin.com Calls Bitxoxo Exchange the “Largest Indian Exchange”

Category: Altcoins, Commentary, Finance, News

Roger Ver of Bitcoin.com Calls Bitxoxo Exchange the “Largest Indian Exchange”

Bitcoin Cash promoters are hitting new lows everyday in their efforts to dethrone Bitcoin and replace Bitcoin by miner-backed Bitcoin Cash. Roger Ver recently tweeted promoting Bitxoxo, an unknown online bitcoin exchange while plauding their efforts to plan the launch of BCH marketplace, BCH e-university and BCH-POS terminal while promoting their ICO by calling them ‘Largest Indian Exchange.’ Source: Twitter…

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Indian Central Bank Challenged in High Court over “Unconstitutional” Crypto Regulation

Category: Altcoins, Bitcoin, Finance, News, Regulation

Indian Central Bank Challenged in High Court over “Unconstitutional” Crypto Regulation

The High Court of Delhi has sought a response from the Central Government of India over a statement issued by the Reserve Bank Of India on April 6, 2018. Amidst other restrictions, it barred banks and other financial institutions across the country from providing any banking services to companies involved in dealing with cryptocurrencies. The High Court also directed the…

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“Dear RBI, Allow Us To Launch An Exchange,” Appeals Indian Crypto Startup

Category: Altcoins, Bitcoin, Business, News

“Dear RBI, Allow Us To Launch An Exchange,” Appeals Indian Crypto Startup

The Reserve Bank of India’s decision which forbids banks from offering crypto services has received criticism. A complaint has been filed against the RBI regarding this decision by an Indian start-up that aims at launching a crypto exchange. Ban Against ‘Constitutional Rights’ A ‘writ petition’ has been filed by Kali Digital Ecosystems against India’s Ministry of Finance, Goods and Services…

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India’s Niti Aayog to Combat Fake Drug Problem with Blockchain Technology

Category: Blockchain, Business, News, Tech

India’s Niti Aayog to Combat Fake Drug Problem with Blockchain Technology

The National Institute for Transforming India, popularly known as the Niti Aayog, is in the process of creating a blockchain-based tool for tracking the inventory of drugs within the country. According to a Factor Daily report dated April 9, 2018, the Indian policy think tank wants to use blockchain technology to weed out illegal medicines that are manufactured every year…

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