Cryptocurrencies are a $1.4 trillion market and have recently witnessed increased attention from investors and corporates. Furthermore, with the growth of decentralised platforms and applications, they are due to become increasingly mainstream. Can one afford to ignore them now?
The financial industry is in a process of transition with new emerging solutions such as DeFi. If you wanted to make a transaction from the US to the UK, you could have done it through a financial institution, or sit on a plane, fly across the Atlantic and give the funds to the recipient yourself. Obviously, using the bank was an easier option. However, the last 11 years or so has brought significant change. As the cryptocurrency industry emerged, people [...]
The new funds will bolster CoinDCX’s efforts to push crypto adoption through dedicated campaigns. Cryptocurrency exchange CoinDCX secured a $2.5 million strategic investment led by Polychain Capital. The round also saw the participation of Coinbase Ventures, the investment arm of San Francisco based cryptocurrency giant Coinbase. The new funds will help the Mumbai based start-up drive crypto adoption in India and propel it towards pushing the number of crypto adopters in India to 50 million. The investment will reinforce the [...]
The recent apex court judgment does not say anything on its legal validity. But this order could be overtaken by a proposed law that bans all unofficial virtual currencies. The Indian Supreme Court recently set aside a circular of the Reserve Bank of India barring Indian banks and other financial intermediaries from providing banking and other services to a person or company dealing in cryptocurrencies. Most media platforms in India and abroad have interpreted this as a victory for proponents [...]
A crypto and blockchain expert dispels some of the myths around Bitcoin. During the early 1990s, India was at the same stage where it is now with cryptocurrency. When the Silicon Valley was being created, and companies like Microsoft, Google, Apple etc were being founded, India was struggling to understand what the Internet was. Due to this, many great Indian tech minds had to move to the US to find a suitable opportunity. Today, the best brains behind the tech [...]
There was considerable activity within India’s banking and finance sector in recent weeks. NASSCOM teams up with Blockchain Institute India’s National Association of Software and Services Companies (NASSCOM) is partnering with the Blockchain Research Institute (BRI) to help spur a digital economy within India. NASSCOM will work with BRI researchers backed by the Canadian government to help developers learn more about blockchain platforms in preparation for creating and launching tools within the nation. The two groups have signed a memorandum [...]