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Bitcoin Struggles to Maintain $4,000 Mark and Closes Year’s Last Trading Week in the Red: BTCManager’s Week in Review

January 1, 2019 by Alex Lielacher at Altcoins, Blockchain, Business, Ethereum, News, Platform, Tech

It has been a hell of a year for bitcoin investors. Twelve months ago, we were coming off bitcoin’s all-time high of over $20,000. Today, the price of bitcoin is struggling to maintain the $4,000 mark after dropped by over 70 percent year-to-date. As expected, news flow has been muted...

Sports Betting Legalization May See Resurgence of Cryptocurrencies in India

Bitcoin Could Soon Become Legal in India

December 27, 2018 by Priyeshu Garg at Adoption, Bitcoin, Commentary, Finance, News, Regulation

Owning and using Bitcoin could soon become allowed in India, as the second interdisciplinary committee appointed to vote on the legality of cryptocurrencies is in favor of legalizing it, the New Indian Express reported on December 26, 2018. India's Harsh Stance on Crypto Despite the number of crypto and blockchain...

Person Wearing Facebook Sweater Working with a WhatsApp Token

Facebook May Launch a Stablecoin to Target India’s $69 Billion Remittance Market

December 22, 2018 by contributor at Adoption, Altcoins, Blockchain, Business, Finance, News

Cryptocurrency’s first killer application may be well on its way from the rosters of Facebook, a company ironically known for practices contrary to the ethos of decentralized currencies and blockchains, reported South China Morning Post on December 21, 2018. Facebook’s Crypto Deal The San Francisco-headquartered social media giant is leveraging...

Another Indian Bitcoin Scam Mastermind Arrested after Swindling Investors

India: Police Seize 452 Bitcoins Worth $1.8 Million from Crypto Ponzi Scheme

December 20, 2018 by Aisshwarya Tiwari at Bitcoin, Blockchain, Crime, Investment, News

The Times of India reported on December 20, 2018, that the cyber crime branch of Pune police had seized 452 bitcoins worth $1.8 million from one of the ten suspects involved in a cryptocurrency related Ponzi scheme case. Fraudulent Bitcoin Scheme Tricked Almost 8000 Investors As reported by BTCManager on November...

IBM Phone Charging with a Blockchain Cable

IBM Developing Blockchain-Based Solutions to Transform India’s Telecoms Sector

December 14, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Development, News, Regulation

Distributed ledger technology (DLT) heavyweights IBM is reportedly working with Indian telecommunications firms to help them create blockchain solutions aimed at enhancing “mobile number portability” and “Do Not Call” registries, according to an Economic Times report on December 12, 2018. IBM Creating DLT Solution for India’s Telecoms Per sources close...

Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

Ministry of Finance Files Counter Affidavit on Cryptocurrencies in Supreme Court

December 5, 2018 by Pratik Makadiya at Bitcoin, Blockchain, Business, News, Platform, Tech

In what will come as a temporary respite, the Indian Ministry of Finance has filed a long overdue counter affidavit to the petition filed by concerned citizens. On October 25, 2018, the Supreme Court of India had directed the counsel of the Union of India to file a counter affidavit...

Man in Koinex Shirt Investigating a Blockchain on a Computer

Koinex Wants to Venture into Blockchain, Opens Development Center

December 5, 2018 by Priyeshu Garg at Adoption, Blockchain, Business, Exchange, News, Regulation

Koinex, one of the leading cryptocurrency exchanges in India, could be venturing into the blockchain scene as soon as 2019, and is in the process of opening a new development center in Bengaluru, the company announced in a press release on December 4, 2018. Koinex Mulls over Introducing Blockchain Services...

SWIFT India Partners with MonetaGo to Trial Distributed Ledger Technology

November 22, 2018 by Cindy Huynh at Blockchain, Business, News

SWIFT India, a joint venture between the Society for Worldwide Interbank Financial Telecommunication (SWIFT SCRL) and international and Indian Banks, recently partnered with MonetaGo, a fintech company, to trial distributed ledger technology (DLT). According to the press release published on November 20, 2018, the DLT network will help improve the...

Regulatory Clampdown in India Leads to Mass Exodus of Blockchain Talent

Study Reveals Number of Blockchain Developers in India Second only to the USA

November 20, 2018 by Guest Post at Altcoins, Blockchain, Business, Finance, News, Platform, Tech

A market analysis revealing the number blockchain developers worldwide has placed India in second place to the United States, beating the UK, Canada, and France. According to the results published and procured by UK-based blockchain consulting firm Dappros, it is estimated that there are a total of 12,509 developers in...

Nasscom Urges Indian Startups to Shy away from Cryptocurrency

October 27, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), a nonprofit body focused on handling India's information technology sector, has said that bitcoin and other digital assets are illegal in India. As such, businesses are required to desist from engaging in crypto-related activities, reported the...

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