Floki, a leading dog-themed meme cryptocurrency, has launched an extensive marketing campaign in Delhi NCR, India, to promote its Play-to-Earn MMORPG game, Valhalla. The campaign, which began on November 18, aims to generate significant awareness among the region’s bustling population, targeting professionals, tourists, and daily commuters across major commercial and
The arrest of SK Masud Alam, a resident of West Bengal, by the Delhi Police in relation to the ₹2,000 crore hack on cryptocurrency exchange WazirX is a significant development. Allegedly, Alam used a phony account to launch the assault, which sought to compromise both the hot and cold wallets
With the Indian community showing a strong interest in these exciting, high-risk, high-reward digital assets, India’s fast expanding crypto industry has become a hub of meme coin aficionados. Let’s explore why one specific meme coin appeals to Indian crypto buffs and investors. The Rise of Meme Coins in India: A
Top international Web3 players are coming to India Blockchain Week (IBW) from 30th November to 8th December 2024 in Bangalore, to foster purposeful collaboration with the Indian innovation ecosystem. Returning this year with over 100 exciting events, IBW is the country’s first-ever multi-chain platform catalyzing mass adoption of blockchain innovation
The cryptocurrency sector faces regulatory discrimination on a daily basis and combating them isn’t a novelty. However, certain huge shifts may take us by surprise at first sight. For instance, in July, the US SEC’s approval of the spot ETH ETFs was entirely unexpected until a week before the approval.
Limocoin, the pride of African innovators, has embarked on a bold exploration of the Asian market, illustrating once again the growing attraction of digital currencies in this region. Building on its resounding success in Singapore three weeks ago, the Limocoin team has set its sights on India, the focal point
Chirag Tomar, a 31-year-old Indian Citizen, was sentenced today to 60 months in prison for his role in a cryptocurrency spoofing scheme that defrauded victims of more than $20 million. U.S. District Judge Kenneth D. Bell issued the sentence in Charlotte, North Carolina. Tomar’s scheme involved hundreds of victims worldwide,
Shaktikanta Das, governor of India’s Reserve Bank (RBI), has emphasized the potential usefulness of the country’s digital rupee and restated his support for Central Bank Digital Currency (CBDC). Further, he reiterated his prior position on digital assets by praising the innovation and suggesting it may be used to circumvent certain
The Indian Enforcement Directorate (ED) has arrested four individuals in connection with a massive $47.6 million scam involving the Fiewin app. It lured users into online gambling and gaming with deceptive promises. Binance’s Financial Intelligence Unit (FIU) played a crucial role in tracing the funds associated with this fraudulent network.
A joint assessment by regional bodies, including the Financial Action Task Force (FATF), has urged India to enhance its regulation of virtual assets. The FATF’s recent report on India’s efforts to combat money laundering and terrorist financing reveals significant risks associated with domestic illegal activities, primarily fraud, cyber fraud, corruption,
