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  • Market Cap: $2,399,169,394,324.12
  • 24h Vol: $53,361,005,239.12
  • BTC Dominance: 56.62%

India

india-and-russia-to-enhance-trade-with-rupee-ruble-payments

India and Russia to Enhance Trade With Rupee-Ruble Payments

Leave a Comment / bilateral trade, Bitcoin, Crypto Hacked, Cryptocurrency, Currency, economic, Economics, Ethereum, Exports, imports, India, Maxim Reshetnikov, non-tariff barriers, OIL, petroleum, ruble, rupee, Russia, Sunil Barthwal, trade deficit / / / , , , , , , , , , , , , , , ,

India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […]

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wazirx-moves-funds-to-new-wallets-after-$230m-crypto-theft

Wazirx Moves Funds to New Wallets After $230M Crypto Theft

Leave a Comment / Assets, Bitcoin, Breach, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Exchange, Exchanges, India, liminal, multisig, Security, Theft, Wallets, Wazirx / / / , , , , , , , , , , , ,

Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack

Wazirx Moves Funds to New Wallets After $230M Crypto Theft Read More »

wazirx-update:-trade-reversals-near-completion,-344-bounty-entries-received

Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received

Leave a Comment / Bitcoin, bounty, Crypto, Crypto Hacked, Cryptocurrency, cyberattack, Ethereum, Exchange, Exchanges, Hackers, India, multisig, Nischal Shetty, Wazirx, withdrawal / / / , , , , , , , , , , ,

Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds.

Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received Read More »

binance-hit-with-$87-million-tax-bill-in-india

Binance Hit With $87 Million Tax Bill in India

Leave a Comment / anti-money laundering, Binance, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, DGGI, Ethereum, Financial Intelligence Unit, fiu, goods and services tax, GST, India, Nest Services Limited, Taxes / / / , , , , , , , , , , ,

Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from transaction fees

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indian-court-reaffirms-legality-of-cryptocurrency,-grants-bail-to-yes-world-ceo

Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, India, legal, Orissa High Court, Ponzi Scheme, RBI, Regulation, Sandeep Chowdhury, Virtual Currency, Virtual Digital Assets, YES World / / / , , , , , , , , , ,

The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court

Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO Read More »

india’s-digital-rupee-surpasses-5-million-users,-rbi-discloses

India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses

Leave a Comment / Bitcoin, CBDC, central bank digital currency, Crypto Hacked, Cryptocurrency, digital rupee, Ethereum, Featured, India, indian central bank, RBI / / / , , , , , ,

India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and

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wazirx-prepares-poll-for-user-input-on-resuming-withdrawals-and-trading

Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading

Leave a Comment / Bitcoin, bounty program, Crypto, Crypto Hacked, Cryptocurrency, Cryptocurrency Exchange, cyberattack, Ethereum, Exchanges, India, Nischal Shetty, security breach, Wazirx / / / , , , , , , , , ,

Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re actively contacting projects linked to the stolen tokens to seek their support in the recovery

Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading Read More »

wazirx-claims-inr-funds-unaffected-by-cyberattack,-platform-secure

Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure

Leave a Comment / Bitcoin, Breach, Crypto, Crypto Hacked, Cryptocurrency, cryptocurrency exchanges, Ethereum, Exchanges, Hack, India, indian crypto, indian crypto exchanges, Indian Rupee, INR, security breach, Wazirx / / / , , , , , , , , , , , ,

Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian rupee (INR) funds are secure and that efforts to recover the

Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure Read More »

indian-crypto-exchange-wazirx-suspends-withdrawals-amid-$230m-security-breach

Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach

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Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After

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india’s-digital-rupee-usage-drops-drastically-after-initial-surge

India’s Digital Rupee Usage Drops Drastically After Initial Surge

Leave a Comment / Bitcoin, CBDC, central bank digital currency, Crypto Hacked, Cryptocurrency, digital rupee, e-rupee, Ethereum, India, Indian digital currency, News Bytes, News Bytes - 2, RBI / / / , , , , , , , ,

India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and

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