India Cryptocurrency
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Bitcoin Price Slumps to $89,900 as Fear, Caution Grip Crypto Market
Bitcoin fell below $90,000 as selling pressure deepened across the crypto market, driven by ETF outflows, tightening macro conditions and aggressive deleveraging. Altcoins also slid sharply, with Ethereum, Solana and BNB losing key support levels. Analysts noted the downturn marks a late-stage correction rather than a structural breakdown, though s...
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Bitcoin Price Stabilises Around $110,000 Amidst Ongoing Trade Tensions
Bitcoin held near $110,000 (roughly Rs. 96.7 lakh) on Thursday, as the crypto market consolidated amid ongoing US-China trade tensions and the prolonged US government shutdown. Ethereum traded around $3,800 (roughly Rs. 3.3 lakh), mirroring Bitcoin’s quiet momentum. Altcoins such as BNB, XRP, and Solana also traded within tight ranges, while sent...
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Reliance Jio, Aptos to Launch Blockchain Rewards for 500 Million Users
Reliance Jio has joined hands with Aptos Foundation and Aptos Labs to launch a blockchain-based rewards platform for its 500 million subscribers. Built on Aptos’ high-speed, low-cost blockchain, the system focuses on real-world utility over speculation. It’s currently in beta with 9.4 million users, and it represents one of the largest telecom-...
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Coinbase Invests in CoinDCX at $2.45 Billion Valuation
Global crypto platform Coinbase has invested in India’s leading exchange CoinDCX, valuing it at $2.45 billion (roughly Rs. 21,600 crore). The deal strengthens Coinbase’s presence in India and the Middle East, where crypto adoption is rising rapidly. The investment supports regional growth, regulatory compliance, and secure trading, positioning ...
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India’s Blockchain and Crypto Assets Council to be Dissolved as Regulatory Uncertainty Prevails
India’s four-year-old Blockchain and Crypto Assets Council (BACC) is being dismantled by the end of this month. Founded by the Internet and Mobile Association of India (IAMAI), the BACC was a crypto advocacy group that was formed with the intension of driving crypto adoption in the country. Amid legal and regulatory uncertainty shadowing the cryp...
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Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
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Crypto Tax FAQs to be Published in Next 22 Days Before July 1: India’s Tax Board Chief
Sangeeta Singh, the chairperson of CBDT has said that FAQs around crypto taxations in India will be released around July 1. These FAQs will help the Indian crypto community get clarifications on the taxation of virtual digital assets. As per Sangeeta Singh, the chairperson of CBDT, these FAQs will be released around July 1.
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Rich Asian Investors Own Cryptos, India Surpasses Singapore in Digital Asset Holdings: Accenture
Affluent Asian investors are choosing crypto and other virtual assets to store their wealth, a report by Accenture has said. The research has noted that noted that more investors from India, Thailand, Singapore, and Indonesia among other Asian nations could add money to the crypto sector, only if their financial advisors suggest them to take this a...
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‘Remote Work Revolution’: Coinbase Pitches Flexibility, Inclusivity to Get Indian Software Talent Onboard
Coinbase has invited Indian engineers from all small and big cities and villages to join its India team and shape up the future of the crypto industry. Coinbase CEO Brian Armstrong, along with India Head Pankaj Gupta and Chief Product Officer Surojit Chatterjee are presently in India, mapping out its flexible operations and inclusive hiring strateg...
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Bitcoin Again Viewed as Safe Haven Amid Russia-Ukraine Tension
Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country's financial institutions.
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Metaverse, NFT Sectors Can Boom Exponentially in India, Industry Insiders Predict
As the sectors of cryptocurrencies, NFTs and the metaverse register growth in foreign markets, India will not lurk behind in adopting and investing in these new technologies. Speaking to Gadgets 360, industry experts shared their projections on the future of the crypto sector and its elements in India.
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Cryptocurrencies Not Legal Right Now, Says Union Minister Bhagwat Karad
Cryptocurrencies are not legal in India right now and the Reserve Bank of India has not given any kind of recognition yet, said Union Minister of State for Finance.
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Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
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Warning Indians Against Cryptocurrencies, RBI Governor Shaktikanta Das Says Tulips Have More Value
RBI chief delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even a tulip — in a reference to a speculative bubble that gripped the Netherlands in the 17th Century.
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El Salvador Government Angrily Rejects IMF Call to Drop Bitcoin Use
The government of El Salvador rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender in the Central American country.
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Bitcoin Price Slumps to $89,900 as Fear, Caution Grip Crypto Market
Bitcoin fell below $90,000 as selling pressure deepened across the crypto market, driven by ETF outflows, tightening macro conditions and aggressive deleveraging. Altcoins also slid sharply, with Ethereum, Solana and BNB losing key support levels. Analysts noted the downturn marks a late-stage correction rather than a structural breakdown, though s...
-
Bitcoin Price Stabilises Around $110,000 Amidst Ongoing Trade Tensions
Bitcoin held near $110,000 (roughly Rs. 96.7 lakh) on Thursday, as the crypto market consolidated amid ongoing US-China trade tensions and the prolonged US government shutdown. Ethereum traded around $3,800 (roughly Rs. 3.3 lakh), mirroring Bitcoin’s quiet momentum. Altcoins such as BNB, XRP, and Solana also traded within tight ranges, while sent...
-
Reliance Jio, Aptos to Launch Blockchain Rewards for 500 Million Users
Reliance Jio has joined hands with Aptos Foundation and Aptos Labs to launch a blockchain-based rewards platform for its 500 million subscribers. Built on Aptos’ high-speed, low-cost blockchain, the system focuses on real-world utility over speculation. It’s currently in beta with 9.4 million users, and it represents one of the largest telecom-...
-
Coinbase Invests in CoinDCX at $2.45 Billion Valuation
Global crypto platform Coinbase has invested in India’s leading exchange CoinDCX, valuing it at $2.45 billion (roughly Rs. 21,600 crore). The deal strengthens Coinbase’s presence in India and the Middle East, where crypto adoption is rising rapidly. The investment supports regional growth, regulatory compliance, and secure trading, positioning ...
-
India’s Blockchain and Crypto Assets Council to be Dissolved as Regulatory Uncertainty Prevails
India’s four-year-old Blockchain and Crypto Assets Council (BACC) is being dismantled by the end of this month. Founded by the Internet and Mobile Association of India (IAMAI), the BACC was a crypto advocacy group that was formed with the intension of driving crypto adoption in the country. Amid legal and regulatory uncertainty shadowing the cryp...
-
Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
-
Crypto Tax FAQs to be Published in Next 22 Days Before July 1: India’s Tax Board Chief
Sangeeta Singh, the chairperson of CBDT has said that FAQs around crypto taxations in India will be released around July 1. These FAQs will help the Indian crypto community get clarifications on the taxation of virtual digital assets. As per Sangeeta Singh, the chairperson of CBDT, these FAQs will be released around July 1.
-
Rich Asian Investors Own Cryptos, India Surpasses Singapore in Digital Asset Holdings: Accenture
Affluent Asian investors are choosing crypto and other virtual assets to store their wealth, a report by Accenture has said. The research has noted that noted that more investors from India, Thailand, Singapore, and Indonesia among other Asian nations could add money to the crypto sector, only if their financial advisors suggest them to take this a...
-
‘Remote Work Revolution’: Coinbase Pitches Flexibility, Inclusivity to Get Indian Software Talent Onboard
Coinbase has invited Indian engineers from all small and big cities and villages to join its India team and shape up the future of the crypto industry. Coinbase CEO Brian Armstrong, along with India Head Pankaj Gupta and Chief Product Officer Surojit Chatterjee are presently in India, mapping out its flexible operations and inclusive hiring strateg...
-
Bitcoin Again Viewed as Safe Haven Amid Russia-Ukraine Tension
Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country's financial institutions.
-
Metaverse, NFT Sectors Can Boom Exponentially in India, Industry Insiders Predict
As the sectors of cryptocurrencies, NFTs and the metaverse register growth in foreign markets, India will not lurk behind in adopting and investing in these new technologies. Speaking to Gadgets 360, industry experts shared their projections on the future of the crypto sector and its elements in India.
-
Cryptocurrencies Not Legal Right Now, Says Union Minister Bhagwat Karad
Cryptocurrencies are not legal in India right now and the Reserve Bank of India has not given any kind of recognition yet, said Union Minister of State for Finance.
-
Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
-
Warning Indians Against Cryptocurrencies, RBI Governor Shaktikanta Das Says Tulips Have More Value
RBI chief delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even a tulip — in a reference to a speculative bubble that gripped the Netherlands in the 17th Century.
-
El Salvador Government Angrily Rejects IMF Call to Drop Bitcoin Use
The government of El Salvador rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender in the Central American country.
