Category: India

Fintech Firm Tala Raises $145 Million to Expand its Cryptocurrency Services

Fintech Firm Tala Raises $145 Million to Expand its Cryptocurrency Services

The California-based company for financial services – Tala – has raised $145 million in a Series E funding round to provide cryptocurrency solutions to developing nations. This brings its total funding to over $350 million from investors such as PayPal Ventures, GV, and Revolution Growth. Turning Towards Crypto According to a CNBC report, the financial […]

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Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike

Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike

A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up to $100,000 in Annual Salary Indian IT companies […]

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Indian crypto exchange CoinSwitch Kuber raises $260 million in Series C funding from a16z and others

Indian crypto exchange CoinSwitch Kuber raises $260 million in Series C funding from a16z and others

Indian cryptocurrency exchange CoinSwitch Kuber has raised $260 million in a Series C funding round and is now a unicorn valued at $1.9 billion. New investors Andreessen Horowitz (a16z) and Coinbase Ventures backed the round, along with existing investors Paradigm, Ribbit Capital, Sequoia Capital India, and Tiger Global. This is a16z’s “first general investment” in […]

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Chainalysis Report: India tops the Global Crypto Index in virtual currency usage

The latest virtual currency adoption report by blockchain-based analysis firm, Chainalysis noted that India is among the top three countries with the most cryptocurrency usage according to the Global Crypto Adoption Index. The report stated that the Central and Southern Asia and Oceania (CSAO) region has risen as the dark horse of crypto adoption, with […]

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Netflix Announces Documentary About Quadrigacx’s Downfall

Netflix Announces Documentary About Quadrigacx’s Downfall

Netflix, the world’s largest video streaming company, has announced it is working on a documentary that deals with the aftermath of the Quadrigacx saga. According to brief descriptions, the documentary titled; “Trust No One: The Hunt for the Crypto King,” deals with how the users affected by the death of Quadrigacx’s CEO Gerry Cotten try […]

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Crypto investment in India surges with teenagers getting in on it using pocket money

Teenagers in India are fast taking on crypto investments, driven by high profits and pandemic boredom. Young investors are using their pocket money to purchase crypto tokens. Indian teenagers are fast venturing into the crypto market using their pocket money. By May, the nation’s total crypto investments had surged to $6.6 billion (Rs 49,189 crore) […]

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Cryptocurrency Is Picking up Steam in Small Cities in India: Report

Cryptocurrency Is Picking up Steam in Small Cities in India: Report

Cryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting, as they are highly educated, not only focused just on bitcoin, and are open […]

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State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform

State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform

State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank of India, the country’s largest bank, has reportedly “blocked the receipt of […]

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India Reportedly Considering Taxing Gains from Cryptocurrency Trading

The Indian government continues with its indecisive approach towards the crypto industry. A recent report claimed that the authorities plan to implement new taxation on gains from digital asset operations instead of the recently-discussed ban. Citing sources familiar with the matter, the Economic Times reported that India is contemplating taking a different approach to the […]

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Breaking: Indian Government Favors Taxing Cryptocurrency Over Ban

The Indian cryptocurrency ecosystem breathed a sigh of relief on Monday, as an ET report claimed that the government authorities might tax crypto transactions and exchanges in the near future. Insider sources told the publication that the tax department favors taxation instead of an outright ban. However, the taxation of crypto assets won’t make it […]

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