#india

Indian Startup Smart Sight Innovation Develops Blockchain-Based App For Vehicle Inspection

Crypto News Point

Apr 28, 2020
1 min

Indian Startup Smart Sight Innovation Develops Blockchain-Based App For Vehicle Inspection

Indian tech startup Smart Sight Innovation (SSI) develops an app designed to improve maintenance and inspection of vehicles. According to an April 27. announcement SSI built the mobile app for an unnamed American client specializing in the development of AI, IoT and other blockchain-based platforms. The app is currently available on Android devices. The app creates a summary of issues such as repair work and compliance with inspection criteria. SSI says that the app sends ale

A Survey Reveals Growing Positive Sentiment In Terms Of Crypto Adoption In India

Crypto News Point

Apr 3, 2020
2 min

A Survey Reveals Growing Positive Sentiment In Terms Of Crypto Adoption In India

A survey released and conducted by peer-to-peer bitcoin (BTC) marketplace Paxful revealed growing positive sentiment in terms of cryptocurrency adoption in India. Survey Reflects India's Strong Sentiment Towards Crypto Before and After Ban https://t.co/yAkN4x5Ayw via @CoinTelegraph #cryptocurrency #bitcoin pic.twitter.com/W2B35DnwBL — Coinboard (@Coinboard) April 2, 2020 On April 2, it has been reported that Paxful’s survey of investors between the ages of 18–55 revealed tha

MobiKwik Partners With BuyUCoin, Offers 100 Million Indian Users Direct Crypto Trading Through BuyUC

Crypto News Point

Apr 2, 2020
2 min

MobiKwik Partners With BuyUCoin, Offers 100 Million Indian Users Direct Crypto Trading Through BuyUC

MobiKwik, a leading digital financial services platform in India, has partnered with BuyUCoin, the Delhi-based cryptocurrency exchange. New post: "Mobikwik to Offer 100 Million Indian Users Direct Cryptocurrency Trading Via Buyucoin Integration" https://t.co/JasSEe1Iog — Bitcoin Nerd (@bitcoin_nerd) April 2, 2020 It has been reported that MobiKwik claims to have a network of over 3 million direct merchants, over 140 billers, and over 107 million users, with over 1 million tr

Tech Mahindra Becomes The First Indian Business To Use R3’s Blockchain-Based Marco Polo Network

Crypto News Point

Mar 27, 2020
2 min

Tech Mahindra Becomes The First Indian Business To Use R3’s Blockchain-Based Marco Polo Network

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. 🎉Future1Exchange provides end to end Blockchain Advisory services to help companies tokenize their business🎉https://t.co/wo7Vj7bDO1 — Future1Exchange (@Future1Exchange) March 27, 2020 It has been reported that the platform had resulted in faster reconciliation and ambiguity res

Crypto Exchange CoinDCX Secures $3 Million in Series A Round

Crypto News Point

Mar 24, 2020
2 min

Crypto Exchange CoinDCX Secures $3 Million in Series A Round

Mumbai-based exchange CoinCDX announced on March 24 it had received $3 million in new funding. The Series A round was led by: Bain Capital Ventures Polychain HDR Group BIG NEWS: CoinDCX secures $3 Million Series A funding led by Polychain Capital (@polychaincap), Bain Capital Ventures (@BainCapVC) and HDR Group, operator of Bitmex (@BitMEXdotcom) with participation from other VCs.#TryCrypto Read in detail here – https://t.co/bJk8Zmoyxi — CoinDCX: India's Largest Cryptocur

Tim Draper Keen To Invest On India’s Crypto Industry

Crypto News Point

Mar 23, 2020
2 min

Tim Draper Keen To Invest On India’s Crypto Industry

Billionaire investor Tim Draper is keen to invest on India’s cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a “renaissance” for the country’s cryptocurrency sector. A renaissance for India. Now crypto is legal. #bitcoin #india https://t.co/6KuEel2tQK — Tim Draper (@TimDraper) March 21, 2020 In a March 21

Lok Sabha Filing Reveals Investigation On Bitcoin Companies Operating In India

Crypto News Point

Mar 18, 2020
2 min

Lok Sabha Filing Reveals Investigation On Bitcoin Companies Operating In India

A filing submitted in the lower house of India’s parliament the Lok Sabha has revealed an investigation into fraudulent practices by so-called “bitcoin companies” operating in the country. An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and Corporate Affairs Anurag Thakur on March 16. Faizal asked the Minister of Corporate Affairs three questions relating to cryptocurrency companies in India.

Binance and WazirX Launches A $50M ‘Blockchain For India’ Fund

Crypto News Point

Mar 17, 2020
2 min

Binance and WazirX Launches A $50M ‘Blockchain For India’ Fund

Binance and WazirX are launching a $50 Million Blockchain for India fund to invest in projects and startups focusing on solving problems through blockchain. The fund is backed by BNB, BUSD, and WRX, and WazirX’s investments will include fiat-to-digital assets gateway solutions, trading platforms, payment and remittance solutions, digital asset wallets, stablecoins, DeFi platforms, DApps, etc. #BlockchainForIndia 🇮🇳@WazirXIndia and @Binance announce $50 Million USD ‘Blockcha

Some Of The Indian Banks Are Not Complying With Supreme Court’s Ruling

Crypto News Point

Mar 16, 2020
2 min

Some Of The Indian Banks Are Not Complying With Supreme Court’s Ruling

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to overturn a circular from the Reserve Bank of India (RBI) issued back in April 2018 which had banned banks’ services to all crypto-related firms. Not all banks, however, appear to be complying with the ruling. On March 12, fintech lawyer Mohammed Danish filed a representation with the central bank again

Kraken Announces Plan To Expand Its Operations In India

Crypto News Point

Mar 11, 2020
2 min

Kraken Announces Plan To Expand Its Operations In India

The U.S. based crypto exchange Kraken will start to increase its operations in the Indian market following the recent ruling of the country’s Supreme Court to lift banks’ banning to do business with crypto companies, according to a March 9th announcement. According to Kraken, its growth in India was hampered by the ban on the Reserve Bank of India (RBI). However, they did not give further details regarding the plans for this large market. 🇮🇳*NEW* Kraken is recommitting to t

Pending Bill Still Inhibit Cryptocurrencies From Flourishing In India

Crypto News Point

Mar 8, 2020
2 min

Pending Bill Still Inhibit Cryptocurrencies From Flourishing In India

A pending bill may still inhibit cryptocurrencies from flourishing in India, with India’s parliament yet to rule on the “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill” from 2019. India's Crypto Industry Still Threatened by Ban as Pending Bill Looms: Despite the Supreme Court repealing the RBI crypto ban, India’s crypto industry still faces significant challenges https://t.co/W7fLEvwVmw pic.twitter.com/ZgTLSidxiD — Future Bitcoin (@Future_Bitcoin)

Reserve Bank of India Plans To Return To The Supreme Court To Fight Crypto Ruling

Crypto News Point

Mar 7, 2020
2 min

Reserve Bank of India Plans To Return To The Supreme Court To Fight Crypto Ruling

The Reserve Bank of India (RBI), which issued an order to cut off crypto firms from the country’s financial system in April 2018, now says that it plans to return to the Supreme Court to fight the Wednesday ruling that overturned its ban. The #RBI seems really determined to block #crypto in #India. Pretty sure #IndiaWantsCrypto. https://t.co/pzxPxZcjh3 via @coindesk #CryptoNews #cryptocurrencies — David G Zeiler ⚡️ (@DavidGZeiler) March 6, 2020 On March 6, it has been repo

Best Cryptocurrency Exchanges In India

Crypto News Point

Mar 6, 2020
4 min

Best Cryptocurrency Exchanges In India

When buying cryptocurrencies there is no one size fits for cryptocurrency exchanges. Some exchanges are better suited for less-experienced traders and retail investors, while some are geared towards institutions or full-time traders. Each user has its own unique needs when buying cryptocurrency. Though the space is hyper-competitive, each has a different fee structure, trading features, coins on offer, and security and insurance measures in place. Now with the removal of the

INR Deposits Are Back On WazirX

Crypto News Point

Mar 6, 2020
2 min

INR Deposits Are Back On WazirX

WazirX, India’s largest cryptocurrency exchange, has announced that INR deposits are back on WazirX after a long wait of 19 months, as crypto has won in India on March 4, 2020. Nischal Shetty, the Founder, and CEO of WazirX said: “It was on April 6, 2018 — within a month of WazirX launch — that RBI released it’s circular putting a banking ban on crypto in India. I vividly remember the amount of FUD it created in the already existing bear markets. Soon, one by one, banks stopp

India’s Supreme Court’s Decision Could Soon Translate Into Notable Growth In Trading Volumes

Crypto News Point

Mar 5, 2020
4 min

India’s Supreme Court’s Decision Could Soon Translate Into Notable Growth In Trading Volumes

The decision by India’s Supreme Court to lift the central bank’s ban on cryptocurrency trading could soon translate into notable growth in trading volumes, according to cryptocurrency exchanges in the country. India's Supreme Court Ruling on lifting the Central Banks Ban on Crypto. Congrats ! After Court Victory, Indian Exchanges Gear Up for Crypto Trading Surge https://t.co/58q4eQRJB4 via @CoinDeskMarkets #Bitcoin #Blockchain #CryptoCurrency #Satoshi #StoryBeats — MrMoe (@I

CoinDCX Becomes First Indian Crypto Exchange To Integrate Bank Account Transfers

Crypto News Point

Mar 5, 2020
2 min

CoinDCX Becomes First Indian Crypto Exchange To Integrate Bank Account Transfers

CoinDCX, India’s largest cryptocurrency trading platform, has become the first cryptocurrency platform in India to integrate bank account transfers, as less than 6 hours after a three-judge bench of the Supreme Court ruled in favor of petitions by the crypto exchanges and startups opposing the RBI ban CoinDCX integrates with a Bank! CoinDCX becomes the first cryptocurrency exchange in India to integrate Bank Account transfers. Make a deposit now! Click here: https://t.co/4

Giottus Announces Free INR Deposits And Withdrawals With Guarantee Of Withdrawals In 10 Minutes

Crypto News Point

Mar 5, 2020
2 min

Giottus Announces Free INR Deposits And Withdrawals With Guarantee Of Withdrawals In 10 Minutes

Giottus, a Tamil Nadu based Indian cryptocurrency, announced free INR deposits and withdrawals with a guarantee of withdrawal in 10 minutes. As the Banking Ban from RBI has been quashed by the Supreme Court, it has been reported by Giottus in an announcement that crypto exchanges will be free to open bank accounts and provide INR deposits and withdrawal services to their users. However, the exchange is offering Zero Fee INR deposits and withdrawals. For the next two days, unt

Indian Exchange Unocoin Plans To Launch Derivatives Option On Its Platform: Sources

Crypto News Point

Mar 4, 2020
2 min

Indian Exchange Unocoin Plans To Launch Derivatives Option On Its Platform: Sources

According to sources the Indian exchange Unocoin is planning to launch derivatives options on its platform within a few months. However, with the future of crypto in the country still uncertain, Unocoin co-founder Sathvik Vishwanath commented that the restrictions currently in place were making matters difficult: “…while we believe it is pretty much the time to launch a derivatives market, the restrictions from Reserve Bank of India on banks is making the on-ramp and off-ramp

India’s Supreme Court Strikes Down Ban On Banks’ Dealing With Crypto Firms

Crypto News Point

Mar 4, 2020
2 min

India’s Supreme Court Strikes Down Ban On Banks’ Dealing With Crypto Firms

India’s Supreme Court strikes down Reserve Bank of India’s (RBI) controversial ban on banks’ dealing with crypto-related firms. Back in April 2018, RBI, India’s central bank had imposed a ban on banks’ dealings with crypto businesses which came into effect in July of that year. The ban went into effect three months later and banks subsequently closed the accounts of crypto exchanges, forcing some of them to shut down, including Zebpay, Coindelta, and Koinex. Even with a banki

Avalon Meta Raises $420,000 Led By Peerplays In A Strategic Capacity

Crypto News Point

Feb 20, 2020
2 min

Avalon Meta Raises $420,000 Led By Peerplays In A Strategic Capacity

Avalon Meta, an Indian-based startup that combines higher education and competitive gaming, has raised $420,000 led by Peerplays, a blockchain-based gaming company, in a strategic capacity along with Purvi Capital, a Chicago-based VC firm, and Abhinav Chhikara, the former Head of Design of edtech giant Unacademy. Another one for 🇮🇳 💯👌#Blockchain #IndiaWantsCrypto [Funding alert] B2B startup Avalon Meta raises $420,000 led by Blockchain company Peerplays https://t.co/29mE