Sat, September 28

Search Results for: india

Polygon (MATIC) Unveils Disruptive Solution for India’s Caste Certificates

The government of Maharashtra, the second most populous state in India, has adopted the use of the Polygon (MATIC) blockchain to issue verifiable caste certificates to its citizens. The technical infrastructure of the project relies on Zupple’s LegitDoc Web3 solution. Employers in the state of Karnataka have already begun utilizing

July 31, 2023 1 min read

TheNewsCrypto Joins as a Media Partner for Web3Conf India

Web3Conf is India’s first Chain-Agnostic conference, organized by the GirlScript Foundation. The Web3Conf is a four-day program that will occur from August 11 to 14, 2023. The conference will take place in Goa, India, and the venue will be the Novotel Goa Dona Silvia Resort.  TheNewsCrypto, the Dubai-based online news

July 29, 2023 2 mins read

Indian Supreme Court Slams Lack of Crypto Legislation by Government

According to a local media source, the Indian Supreme Court criticized the Union government on July 27 for the country’s lack of crypto legislation.  As the Supreme Court pointed out, it is “unfortunate” that the government has not issued any concrete regulations regarding cryptocurrencies. The court’s remark was made in

July 28, 2023 1 min read

Top Indian Crypto Exchange KoinBX Lists Worldcoin (WLD)

KoinBX, India’s leading crypto exchange has announced the listing of one of the most trending tokens in the crypto realm, Worldcoin (WLD). The listing of Worldcoin (WLD) on the KoinBX exchange is a major event for the crypto market as a whole. Beginning at 11.30 a.m. (UTC) on July 28,

July 28, 2023 2 mins read

Jio Financial Services Brings BlackRock Back to India after 5 Years for a $300M JV

Reliance Industries’ financial services arm, Jio Financial Services (JFS), has announced its partnership with the US-based firm BlackRock to launch asset management services in India. The joint venture will run on 50:50 ownership to offer investment solutions. Moreover, both firms will make an initial investment of $150 million each in

July 27, 2023 2 mins read

Indian Home Minister Amit Shah Points Terrorists’ Usage of Crypto Assets and Metaverse

Though crypto and virtual assets are gaining popularity, there exists certain criticism including terrorists’ usage of cryptocurrencies in an anonymous way. Amit Shah, an Indian Minister of Home Affairs has highlighted the consequences of terrorists utilizing the crypto assets and metaverse. However, the growing crypto exploitation points the terrorism as

July 13, 2023 2 mins read

Taxation Policies in India Raise Concerns for Crypto and Gaming Industries

In recent discussions on Twitter, industry experts and observers have raised concerns over the taxation policies implemented in India, particularly those affecting the crypto and gaming sectors. Sumit Gupta, CEO of CoinDCX, and Twitter user Ravisutanjani have voiced their apprehensions regarding the potential negative impact of taxes on these industries.

July 12, 2023 2 mins read

2 Engineers in India Lose 43 Lakh INR ($52,054) to Crypto Fraud

Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a

July 10, 2023 2 mins read

P2P Scams Put Indian Crypto Investors at Risk; Urgent Action Is Needed

The “seizure of multiple Binance P2P-linked bank accounts” sent a shockwave through the Indian crypto community as the country stepped forward to secure the people from scams and fraudulent activities using P2P UPI transactions, following the Rs. 2 lakh (around $2420) fund scam, which is circulated in the chain.  The

July 10, 2023 2 mins read