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Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...
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Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...
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CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
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Delhi, Bengaluru Led Crypto Adoption in India in 2024, Memecoins Garnered Attention: CoinSwitch
CoinSwitch’s report reveals that Shiba Inu, Dogecoin, and Pepecoin gained significant popularity in India. Additionally, it highlights that 75 percent of India’s crypto investors are under 35 years old.
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CoinSwitch SmartInvest Service With Investment Strategies for New Crypto Investors Launched
CoinSwitch has rolled out a new service called SmartInvest. Through this feature, the exchange has released a selection of smart investment strategies that early investors can follow in order to take their first steps into crypto investing.
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Bitcoin Surges Past $56,000, But Continues to See Losses Alongside Ether, Solana, Dogecoin
Bitcoin and Ether both recorded losses on Friday alongside Solana, Tron, and Dogecoin. On Indian exchanges like CoinSwitch and CoinDCX, Bitcoin is priced $60,708 (roughly Rs. 50.9 lakh).
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CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
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CoinSwitch Sues WazirX in Attempt to Recover $9.65 Million of Its Own Funds
In a detailed post published on X, CoinSwitch disclosed that two percent of its total funds — worth Rs. 810 crore (roughly Rs. 9.65 million) — were saved with WazirX, that are now stuck.
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Crypto Stakeholders Prepared to Participate in Government's Discussion Paper on Crypto Policy Stance
Crypto stakeholders, including Bharat Web Association, are preparing to discuss a comprehensive policy framework to govern crypto. This paper is expected to be released before September.
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Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms
While WazirX’s team started to investigate its wallet breach, Gadgets360 reached out to multiple crypto exchanges to inquire about the status of users on their respective platforms. Given that the WazirX hack has stirred chaos in India’s crypto community, fears about other exchanges seeing many quick withdrawals had arisen among industry inside...
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WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach
WazirX data breach has been acknowledged by the crypto exchange, which is investigating the alleged hack. India’s crypto investors have expressed apprehensions after the WazirX breach, as funds worth $234.9 million (roughly Rs. 1,965 crore) are at stake. In their posts, leaders of Indian crypto exchanges including CoinDCX, Giottus, and CoinSwitch...
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CoinSwitch Report Says Its Reserves Exceed Customer Holdings, Can Cover All User Redemptions
The total customer holdings with CoinSwitch as on March 31, 2024, has grown by 93 percent as compared to the previous edition of the proof-of-reserves report, that was released in July last year.
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FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.
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Indian Blockchain Esports Firm Stan Raises Over $2 Million in Funding: Details
Stan has managed to raise an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. The company disclosed this information in an official announcement shared on January 23. Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, General Catalyst, Climber Capital, and TDV Partners are...
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India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays
WazirX, as of November 2023, managed to generate around $1 billion (roughly Rs. 8,315 crore) in terms of trading volume. This is a 90 percent decline from its previous year’s trading volume of $10 billion (roughly Rs. 83,151 crore) and 2021’s figure of $43 billion (roughly Rs. 3,57,534 crore). In terms of addressing the potential reasons why tr...
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Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...
-
Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...
-
CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
-
Delhi, Bengaluru Led Crypto Adoption in India in 2024, Memecoins Garnered Attention: CoinSwitch
CoinSwitch’s report reveals that Shiba Inu, Dogecoin, and Pepecoin gained significant popularity in India. Additionally, it highlights that 75 percent of India’s crypto investors are under 35 years old.
-
CoinSwitch SmartInvest Service With Investment Strategies for New Crypto Investors Launched
CoinSwitch has rolled out a new service called SmartInvest. Through this feature, the exchange has released a selection of smart investment strategies that early investors can follow in order to take their first steps into crypto investing.
-
Bitcoin Surges Past $56,000, But Continues to See Losses Alongside Ether, Solana, Dogecoin
Bitcoin and Ether both recorded losses on Friday alongside Solana, Tron, and Dogecoin. On Indian exchanges like CoinSwitch and CoinDCX, Bitcoin is priced $60,708 (roughly Rs. 50.9 lakh).
-
CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
-
CoinSwitch Sues WazirX in Attempt to Recover $9.65 Million of Its Own Funds
In a detailed post published on X, CoinSwitch disclosed that two percent of its total funds — worth Rs. 810 crore (roughly Rs. 9.65 million) — were saved with WazirX, that are now stuck.
-
Crypto Stakeholders Prepared to Participate in Government's Discussion Paper on Crypto Policy Stance
Crypto stakeholders, including Bharat Web Association, are preparing to discuss a comprehensive policy framework to govern crypto. This paper is expected to be released before September.
-
Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms
While WazirX’s team started to investigate its wallet breach, Gadgets360 reached out to multiple crypto exchanges to inquire about the status of users on their respective platforms. Given that the WazirX hack has stirred chaos in India’s crypto community, fears about other exchanges seeing many quick withdrawals had arisen among industry inside...
-
WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach
WazirX data breach has been acknowledged by the crypto exchange, which is investigating the alleged hack. India’s crypto investors have expressed apprehensions after the WazirX breach, as funds worth $234.9 million (roughly Rs. 1,965 crore) are at stake. In their posts, leaders of Indian crypto exchanges including CoinDCX, Giottus, and CoinSwitch...
-
CoinSwitch Report Says Its Reserves Exceed Customer Holdings, Can Cover All User Redemptions
The total customer holdings with CoinSwitch as on March 31, 2024, has grown by 93 percent as compared to the previous edition of the proof-of-reserves report, that was released in July last year.
-
FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.
-
Indian Blockchain Esports Firm Stan Raises Over $2 Million in Funding: Details
Stan has managed to raise an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. The company disclosed this information in an official announcement shared on January 23. Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, General Catalyst, Climber Capital, and TDV Partners are...
-
India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays
WazirX, as of November 2023, managed to generate around $1 billion (roughly Rs. 8,315 crore) in terms of trading volume. This is a 90 percent decline from its previous year’s trading volume of $10 billion (roughly Rs. 83,151 crore) and 2021’s figure of $43 billion (roughly Rs. 3,57,534 crore). In terms of addressing the potential reasons why tr...
