Bithumb, South Korea’s largest bitcoin exchange alongside UPbit, is trying to convince the government of India to allow cryptocurrency trading. Javier Sim, co-founder and managing director of Bithumb, said that the company is planning to expand into the Indian cryptocurrency market through local partnerships, funding cryptocurrency startups in the region. In remarks reported by Indian …
Indian police arrested an Australian citizen who had operated a crypto Ponzi scheme that defrauded victims by $28 million. | Source: Shutterstock (i), PGUC (ii). Image Edited by CCN An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him – but not before he defrauded …
White House Warns Pakistan: Aggression Against India ‘Not Acceptable” as Nuclear Tensions Flare Donald Trump’s administration has warned Pakistan against escalating its nuclear conflict against neighboring India.| Source: Photo by SAUL LOEB / AFP & Pakistan F-16 fighter jet image from REUTERS/Akhtar Soomro/File Photo The Trump White House has come down hard on nuclear-armed Pakistan, …
Time is running out for the Indian government and the Reserve Bank of India to ignore/wholesale ban cryptocurrency, according to a local publication called Inc42. Last April, as CCN reported, the RBI banned all financial institutions from working with cryptos. India has gone back and forth over the issue, but the Supreme Court seems to …
News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running …
The Reserve Bank of India (RBI) joins a growing list of global counterparts in exploring a central bank digital currency (CBDC) that would constitute the digital equivalent of the Indian rupee. The RBI has established an inter-departmental group to explore the demand and plausibility of a blockchain-based digital currency to be used in domestic payments, …
The Indian government’s crackdown on cryptocurrencies has not deterred the populace from employing new ways to purchase and trade digital assets. While exchanges have launched peer-to-peer models, a small fraction is resorting to “Dabba trading.” Banning Not Enough As reported on July 30, 2018, by local outlet Business Today, Dabba trading refers to making trades …
The Indian state of Telangana looks primed as a blockchain technology forerunner in the subcontinent. On July 26, 2018, state officials signed MoUs with various blockchain startups and consultants to augment the use of the burgeoning technology in administrative services. Bringing Transparency to State Administration As reported by Business Standard, Telangana’s I.T. and Industries head …
Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The Bitcoin Podcast by CCN on iTunes or wherever you get your podcasts. Price Watch: Bitcoin fell nearly 8% this week after jumping above $6,800 early this week. The market …
Open Positions at CCN: Full Time and Part Time Journalists Wanted. Ripple is reportedly ‘unfazed’ by the Indian central bank’s mandate on restricting banks from dealing with cryptocurrencies and expects a new regulatory framework to rescind the ban altogether. India’s biggest English news daily, the Times of India (TOI), is reporting that crypto and fintech …