#India

Indian Women Invest More in Cryptocurrencies Than Men

June 29, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

According to a survey conducted by Indian cryptocurrency exchange BuyUCoin, Indian female cryptocurrency investors on average, are investing twice as much as their male counterparts. Women Leading the Pack Although the cryptocurrency industry is heavily dominated by men, the BuyUCoin survey found that Indian women typically invest over $2,000 on...

Indian Government set to Launch National Blockchain Project

June 23, 2018 by Kieran Smith at Blockchain, Business, News, Regulation, Tech

Nine months after inception, the Indian government is set to launch a blockchain project to be known as IndiaChain. India’s Blockchain Push This will operate as a platform primarily aimed at reducing fraud, speeding up the enforcement of contracts, increasing the transparency of transactions, and boosting the agricultural economy of...

Indian Educational Institute Partners with IBM to Launch 12-week Course on Blockchain Technology

June 21, 2018 by Cindy Huynh at Bitcoin, Blockchain, Business, News, Regulation, Tech

The National Programme on Technology Enhanced Learning (NPTEL) has partnered with IBM to create an online course on blockchain technology. The course is considered the first-of-its-kind and will cover blockchain architecture, design, and uses. India’s Pushes Blockchain Education The course will be available from July 2018, on the NPTEL website....

India Admits to not Conducting Due Research before Placing Cryptocurrency Ban

June 16, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

A reply by the Reserve Bank of India (RBI) to a New Delhi-based advocate’s Right To Information (RTI) application revealed the bank did not research before placing a blanket ban on dealing with digital currency businesses in the country. RBI’s Epistemic Crisis The Economic Times reported the development on June...

Exploring a Fedcoin and Other State-Backed Cryptocurrencies

June 15, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Blockchain, Finance, News, Tech

While bitcoin and other cryptocurrencies were built to rival fiat currencies issued by centralized institutions, they have now become more popular as an investment tool rather than a payment method. Recognizing this emerging market, legacy financial institutions are now contemplating taking their first step in the world of cryptocurrencies. Several...

The Writings On The Wall For Alleged Cryptocurrency Ponzi Scheme

Indian Bitconnect Promoters Attacked by Angry Investors

June 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, News, Regulation

While the Bitconnect Ponzi scheme has been dead and buried in the U.S., its ghost is still causing mayhem in India. In the latest development, the Ahmedabad Criminal Investigation Department (CID) has arrested a Bitconnect investor, Shailesh Bhatt for forcefully extorting more than 2,000 bitcoin from promoters of the cryptocurrency-powered...

Indian Telecoms Authority Turns to the Blockchain to Protect Mobile Phone Users’ Privacy

June 1, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, News, Regulation, Tech

While India has crippled its cryptocurrency markets with draconian regulations, the South Asian nation is however not willing to let the blockchain revolution pass it by. In the latest development, the Telecom Regulatory Authority of India (Trai), has turned to Distributed Ledger Technology (DLT) to curb the menace of sending...

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

May 31, 2018 by contributor at Altcoins, Business, Finance, News

Despite the criticisms that the controversial Petro cryptocurrency has faced both locally and internationally since its launch in February 2018, the coin’s backers have unsuccessfully tried their best to gain relevance and seek a robust use-case. However, most countries have thwarted the idea of using a cryptocurrency for official deals....

Indian Think Tank looks to Launch Blockchain-based Pilot Projects

Indian Software Exporter Infosys Develops Blockchain-Powered Trade Finance Network

May 20, 2018 by Pratik Makadiya at Blockchain, Business, Finance, News, Tech

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...

Longfin CEO Finally Reaches Settlement with U.S. SEC

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

May 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

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...

Cryptojacking on the Rise: Employees are Hijacking Company Servers

Largest India Conglomerate Victim of Monero Cryptojacking

May 14, 2018 by Nigel Dollentas at Altcoins, Bitcoin, Business, Crime, Mining, News

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

May 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, News, Regulation

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...

Coinsecure Cryptocurrency Exchange Heist Victims to Wait Indefinitely for Refunds

May 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

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...

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

April 30, 2018 by Pratik Makadiya at Altcoins, Finance, News

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...

Roger Ver of Bitcoin.com Calls An Unknown Exchange (Bitxoxo) the “Largest Indian Exchange”

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

April 27, 2018 by Priyeshu Garg at Altcoins, Commentary, Finance, News

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...

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