Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,564,798,216.85
  • 24h Vol: $55,554,871,374.03
  • BTC Dominance: 56.53%

India

brics-to-discuss-alternative-payment-platforms-at-upcoming-summit

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

Leave a Comment / Bitcoin, brics, China, Crypto Hacked, Cryptocurrency, dedollarization, Egypt, Ethereum, Ethiopia, Featured, financial platforms, India, Kazan, lula da silva, payment systems, Russia, Saudi Arabia, sergey lavrov, trade, U.S. dollar, UAE / / / , , , , , , , , , , , , , , , ,

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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brics-beats-dollar-dependence:-national-currency-settlements-exceed-usd-payments

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

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The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and

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wazirx-users-may-face-delays-amid-binance-dispute-and-moratorium-uncertainty

Wazirx Users May Face Delays Amid Binance Dispute and Moratorium Uncertainty

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Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner, it becomes liable for users’ account balances. If Zettai is

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india’s-hdfc-bank-launches-new-upi-and-cbdc-features

India’s HDFC Bank Launches New UPI and CBDC Features

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HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim

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payments-in-national-currencies-surge-to-92%-among-sco-members

Payments in National Currencies Surge to 92% Among SCO Members

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Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen

Payments in National Currencies Surge to 92% Among SCO Members Read More »

wazirx-begins-inr-withdrawal-phase-1:-users-can-withdraw-up-to-33%

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

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Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33% Read More »

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India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report

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The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international

India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report Read More »

wazirx-to-resume-inr-withdrawals-up-to-66%-—-crypto-withdrawals-remain-suspended

Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended

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Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets. INR withdrawals will occur in two stages, allowing users to access up

Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended Read More »

binance-goes-live-in-india:-full-access-for-indian-users

Binance Goes Live in India: Full Access for Indian Users

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Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange

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Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

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Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx acknowledged users’ frustration but cautioned that drastic actions could cause further delays. Wazirx’s Update on Top Priority Post

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