Category: India

Ribbit Capital, Paradigm lead $15 million Series A for Indian crypto exchange CoinSwitch Kuber

Ribbit Capital, Paradigm lead $15 million Series A for Indian crypto exchange CoinSwitch Kuber

Indian crypto exchange CoinSwitch Kuber has raised $15 million in Series A funding led by Ribbit Capital and Paradigm. Announcing the news on Tuesday, CoinSwitch said this is the first crypto-related investment of Ribbit Capital in India and Paradigm’s first in the country in general. The Series A also saw participation from CoinSwitch’s existing investor […]

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Indian Cryptocurrency Fraudster Arrested For Duping $350K From 45 Victims

Indian authorities have arrested a 60-year-old greetings maker for duping about 45 people in investing over $350,000 in a fraudulent cryptocurrency scheme. The accused ran the operation through a designated application and promised double-digit monthly returns. Indian Crypto Fraudster Arrested As reported by the Times of India, the local police apprehended Umesh Verma at the […]

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Police Arrests Another Suspect on the 100 BTC Ransom Kidnapping in India

The 100 BTC kidnapping case in the Indian state of Karnataka continues to develop as the local police have arrested another suspect on the case. Reports say he was the one who abducted the kid in front of his home after being recruited by the mastermind of the entire operation. Progress On A 100 BTC […]

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India Reportedly Considers 18% Tax On All Bitcoin Transactions

Although India still displays uncertainty in its approach towards cryptocurrencies, the local government is reportedly considering implementing an 18% goods and services tax on BTC transactions. With such transactions exceeding $5 billion annually, the newly proposed tax could generate additional revenue of about $1 billion. 18% Tax On BTC Transactions In India? According to the […]

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Vauld Raises $2 Million to Establish Stronghold in India

Vauld Raises $2 Million to Establish Stronghold in India

Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable asset class. It combines the functionality of an exchange with all the essential offerings of a bank, except it’s for cryptocurrencies. Vauld Raises $2 Million The Vauld team just raised USD 2 million from Pantera, Coinbase Ventures, and […]

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Kidnappers Demand 100 BTC Ransom for The Son of an Indian Crypto Investor

In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family. 100 BTC for The Son of A Crypto Investor An eight-year-old boy […]

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Indian crypto exchange CoinDCX raises $13.9 million in Series B funding

Indian crypto exchange CoinDCX raises $13.9 million in Series B funding

Indian cryptocurrency exchange CoinDCX has raised $13.9 million in Series B funding. The round was led by Block.one, with participation from Temasek, Coinbase Ventures, Jump Capital, Uncorrelated Ventures, Polychain Capital, Mehta Ventures, and Alex Pack. (Pack is a former managing partner of Dragonfly Capital who joined Huobi’s investment unit last month). With fresh capital at […]

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Antier Solutions Expands Its Offerings With Crypto Friendly Banking Solutions Development

Antier Solutions Expands Its Offerings With Crypto Friendly Banking Solutions Development

PRESS RELEASE. Antier Solutions, a blockchain development company headquartered in Mohali, India – with two global units in North America and the UK – has expanded its services to offer crypto-friendly bank development solutions targeting start-ups, banks, and financial institutions seeking opportunities to launch their crypto-friendly banks. “The finance industry is evolving; financial institutions and […]

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CryptoBiz Exchange Launches in India

CryptoBiz Exchange Launches in India

Recently, cryptocurrency trading in India has spiked and grown at an unprecedented level. As the Bitcoin rallies and grows strength by strength, the Indian crypto community has multiplied and with this, a fair and regulated market has been on the top of their demands. Amidst the ever-growing market, there are some existing players that have […]

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India Reportedly Plans to Tax Crypto Investors As Bitcoin Price and Trading Activities Soar

Barely ten months after the Indian Supreme Court lifted the RBI’s ban on cryptocurrency transactions, fresh reports from yesterday revealed that the country’s tax authority is now keeping a close watch on crypto traders as Bitcoin’s price continues its bullish trend. Taxing Crypto Gains According to local media, the Indian Tax Department is already in […]

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