#indian crypto

Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI.

The eight-bank digital rupee pilot programme has processed 770,000 transactions. (Read More)

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.

On the 1 February, Nirmala Sitharaman, the Finance Minister of India, gave the Modi government’s last budget before the Lok Sabha elections in 2024. In the speech, the minister announced a surge of 76% in terms of digital transactions across the country. However, despite the growing number of digital transactions across India, the speech failed […]

WazirX releases proof of reserves with majority of funds in Binance wallets

The cryptocurrency exchange released its proof of reserves and proclaimed to be India’s largest exchange both in volume and reserve funds.

Indian authorities unfreeze millions in locked WazirX bank accounts

The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.

The cryptocurrency market has experienced nothing but development and expansion throughout the years since the introduction of the first bitcoin. Even those who were first hesitant to participate in it are now drawn to the enormous riches this sector has to offer.

At the moment of its debut, the value of Bitcoin was $0; as of right now, it is worth $41,858. This indicates that someone who acquired one bitcoin at that time effectively for nothing today holds a valuable asset valued at over $40,000.

The survey conducted by CNBC also indicates that cryptocurrencies are becoming more and more popular. One in ten respondents to the study said they are presently cryptocurrency investors. Additionally, multibillionaires like Elon Musk have poured billions of dollars into cryptocurrencies.

Bitcoin vs. the Stock Market

Numerous people frequently contend that the stock market is a safer alternative while cryptocurrencies are really risky. What they overlook is the fact that cryptocurrency prices always increase after a decline. You won't actually be losing money if you don't sell your coins while they are at a loss; rather, this might be a fantastic chance for you to acquire assets at a loss, much like a sale.

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Bollywood A-lister-backed GARI token plunge sparks rug pull rumors

GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari.