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Tag Archives: india

Coin DCX Has Made a Lot of Money Since the Beginning of the Year

Cryptocurrency exchange Coin DCX has managed to put away roughly $20 million since the start of the pandemic. The company recently completed a Series B funding round in which it garnered as much as $13.9 million, though this was the third funding round it engaged in during 2020. Companies such as Block.one, Coinbase, DG and Jump Capital were all happy to take part.Coin DCX Is Growing Like MadInitially, the company sought to raise roughly $3 million back in March when the coronavirus pandemic...

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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 InvestorAn eight-year-old boy from India has been kidnapped with a ransom note demanding 100 bitcoins, worth about $2.3 million. The incident happened in the southwest Indian state of Karnataka while the child...

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India Seeks to Establish Crypto-Based Banking Institutions

India is looking to potentially set up cryptocurrency-based banks within its borders. This creates a rather interesting scenario in that the country cannot seem to decide if it wants to ban crypto transactions for the future, though until that decision is made, it’s going to cash in on everything crypto has to offer.Will India Have a Ban or Won’t It?Recently, the ban that was in place in India – one that prevented banks from working with crypto-based businesses and applications – was deemed...

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BRD Wallet Users Have Hit a New All-Time High

Mobile crypto wallet BRD has announced that it’s garnered roughly six million customers over the past five years, reaching a new record.BRD Users Have Exploded In Two Big RegionsExecutives claim that the companies biggest client bases are now in Latin American countries and in India, which presents two contrasting issues facing the crypto world. On the one hand, Latin America has been a growing base for cryptocurrency representation and usage. Cryptocurrencies such as Dash and bitcoin have...

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India-Based Crypto Exchange Unocoin Completes Large Funding Round

Unocoin – the first cryptocurrency exchange established in India – has just completed a Series A funding round that has garnered the company as much as $5 million from the likes of Tim Draper and other top-notch crypto investors.Unocoin Heads Into Uncharted TerritoryIndia is facing a massive crisis in that regulators are now looking to potentially ban digital trading, rather than simply business and banking relationships between crypto firms and traditional financial institutions. Many...

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Bitcoin Gains $300, Is Now Trading at $10,700

At the time of writing, the price of bitcoin has managed to pull itself out of the dark hole it was trapped in and climb further up the financial ladder. While the spike it’s recently incurred isn’t really anything to break champagne out over, it is a reminder that bitcoin can never be brought down permanently, and that the coin is far more resilient that we could have ever thought.Bitcoin Is Again On the RiseThe currency is now trading for just over $10,700, which is about $300 more than...

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DeFi Tokens Are Becoming Quite Popular in India

Over the past few days, Live Bitcoin News has discussed the fact that India may be entering its second crypto lockdown. This time, however, regulators are looking to do more than just ban regular banks and financial firms from doing business with crypto enterprises. They’re looking to ensure nobody – and we mean nobody – can ever trade, buy or sell digital currency units again.India Is Turning to DeFi for Its Crypto NeedsThey’re talking about an entire bitcoin ban. At the time of writing,...

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Buy U Coin Introduces Crypto Legislation to India

Stakeholders in the company Buy U Coin have come together for a single purpose – to introduce solid legislation that would regulate the bitcoin industry of India.Will India Have a Change of Heart?As it turns out, India is once again considering a bitcoin ban. While the asset has never been officially banned in the past, the country has come close once or twice to initiating such a plan, and the nation was quick to ensure all its financial institutions were not permitted to do business with...

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India Is Looking to End Crypto Trading… Again

It looks like India and cryptocurrency are back in the news. This time, India is resorting back to its old tricks of potentially banning crypto trading.India Seeks Full Ban on Crypto TradingThe big question is this… Didn’t the country already tread this path? While crypto trading itself was never banned within its borders, India did pass a law that prevented all standard banks and financial institutions from doing business with firms and enterprises that dabbled in crypto. If a company...

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Would Regulating Bitcoin Like Stocks Be a Bad Idea?

One of the big problems that everyone seems to have with bitcoin and crypto is that they are not as regulated as other financial markets. For the most part, they are designed to be decentralized and give more monetary power to users, but without any regulation at all, things are bound to get out of hand.Bitcoin Regulation May Take On a Different FormNow, some are promoting the idea of bitcoin being regulated the way India regulates its stock market. The idea comes from Deepak Kapoor, a...

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