Category: India

30% Off! Venezuela Offers India Cheap Crude Oil on a Discount, if Paid in Petro

Venezuela has recently offered India a 30 percent discount on crude oil purchases if the country purchases it using its oil-backed cryptocurrency, the Petro. According to a report published by the Business Standard, a team of experts from Venezuela’s blockchain department went to India last month to conduct the deal. While in India, Venezuela’s experts struck…

June 11, 2018
Indian Law Protects Cryptocurrency Investors Despite Lack of Regulation

In this opinion piece, Mohammed Danish, a lawyer practising at High Court of Delhi, explains how the interest of the crypto investor in protected under Indian law despite the absence of any crypto regulatory regime. The investor can still approach the court of law against any deficiency in service by the cryptocurrency exchange. You can…

June 10, 2018
Coinsecure Delays Compensation Claims after $3 Million Bitcoin Theft

Indian cryptocurrency exchange Coinsecure is delaying the compensation process for customers impacted by the theft of 438 bitcoins earlier this month. In an announcement on its website on Sunday, Delhi-based cryptocurrency exchange Coinsecure has offered its reason for the lack of progress in reimbursing its users following the $3 million theft of customers’ bitcoins from…

June 9, 2018
Venezuela Certifies 16 Cryptocurrency Exchanges

The president of Venezuela, Nicolas Maduro, has announced the end of the pre-sale for the Petro, the country’s “cryptocurrency”. He claims it has raised the equivalent of over 3 billion dollars. Maduro has also certified 16 crypto exchanges he hopes will start listing his country’s new currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…

June 8, 2018
Indian Exchange Launches 23 Crypto-to-Crypto Trading Pairs with Zero Fees

Another Indian cryptocurrency exchange has launched crypto-to-crypto trading. Koinex is offering 23 crypto-to-crypto trading pairs with zero fees. Earlier this week, leading Indian exchange Zebpay also launched crypto-to-crypto trading but with only one trading pair. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Koinex’s Crypto-to-Crypto Trading Indian exchange Koinex announced last week, “We are…

June 7, 2018
Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed

In today’s Bitcoin in Brief we’re covering disappointing news for the crypto community: the World Satoshi Summit in Delhi has been canceled because of “regulatory issues” according to its organizers. Also, an alleged crypto pump and dump scheme has been exposed. There is more than one opinion on the case, as you’ll see below. Also…

May 22, 2018
Indian Exchange Zebpay Launches Crypto-to-Crypto Trading

A leading cryptocurrency exchange in India, Zebpay, has introduced crypto-to-crypto trading on its platform. The launch closely follows the Reserve Bank of India banning banks from servicing crypto exchanges. Meanwhile, Zebpay celebrated its 3 millionth app download. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Crypto-to-Crypto Trading Indian cryptocurrency exchange…

May 2, 2018
India: Police Superintendent Arrested In Connection With Case Of Bitcoin Extortion

Another suspect – a police superintendent – has been arrested in connection with the kidnapping and extortion of local Indian businessman. #NEWS

April 24, 2018
Indian Exchange Coinsecure Prepares Customer Claims Process Following $3.5 mln Theft

Indian BTC exchange Coinsecure says it is preparing the claims process for funds lost by 11,000 of its customers in a $3.5 mln theft early April. #NEWS

April 23, 2018
Indian Banks Select Microsoft As Exclusive Cloud Blockchain Provider

A group of India-based banks have struck a new strategic partnership with US tech giant Microsoft.

June 12, 2017