Singapore Court Grants WazirX 4-Month Moratorium on Strict Conditions: Report

Nischal Shetty defended the company's filing for the moratorium, describing it as a step toward a fair and binding resolution for creditors.

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Binance leads the pack with $100 trillion in all-time trade volume

Binance has surpassed a major milestone, processing over $100 trillion in crypto trades since its 2017 launch. The achievement was shared by CEO Richard Teng in a post on the X platform on Sept. 24, saying: “Earlier this month, the all-time trade volume on Binance surpassed $100 trillion.” The figure is double the total market […]

The post Binance leads the pack with $100 trillion in all-time trade volume appeared first on CryptoSlate.

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Indian Supreme Court recovers YouTube account from XRP scammers

XRP scammers hacked the Supreme Court of Indias YouTube account, and although it was recovered, it lost its subscriber base.

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Indian Supreme Courts YouTube Channel Hijacked To Promote Ripples XRP

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Indian crypto exchange WazirX struggles to recover funds 60 days after hack

WazirXs $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. 

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Report: India Tops Global Crypto Adoption; Surge in Asia-Pacific

The cryptocurrency landscape in Central & Southern Asia and Oceania (CSAO) is changing, with each country carving out…

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India tops global crypto use despite offshore exchange ban

India ranked first in Chainalysis 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received.

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CoinDCX Launches $6M Safety Net for Indian Crypto Investors

CoinDCX, India’s top crypto exchange, has embarked on a transformative step towards investor protection by launching a groundbreaking Crypto Investors Protection Fund [CIPF] valued at INR 50 crores, or approximately $6.1 million. This move underscores the platform’s commitment to safeguarding user assets and fostering trust within the Indian crypto ecosystem. With a primary focus on […]

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Indian law enforcement agency DGGI wants $86M unpaid GST from Binance

India demands $86 million in unpaid GST from crypto exchange Binance. Indian law requires 1% TDS on crypto transactions and 30% tax on profits. Binance plans to resume operations in India after being banned in January 2024 for noncompliance. In a significant move, Indian authorities have demanded nearly $86 million in unpaid Goods and Services […]

The post Indian law enforcement agency DGGI wants $86M unpaid GST from Binance appeared first on CoinJournal.

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Binance thrives during market downturn with record $2 billion inflows despite India tax probe

Binance CEO Richard Teng revealed that the exchange saw record inflows and one of its highest trading volumes this year as investors panicked in the jittery market on Aug.5 Teng wrote: “Amid the macroeconomic climate and yesterday’s market downturn, Binance recorded a net inflow of $1.2 billion in the past 24 hours, according to DefiLlama’s […]

The post Binance thrives during market downturn with record $2 billion inflows despite India tax probe appeared first on CryptoSlate.

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Binance Challenges $86M Tax Demand From Indias DGGI

Binance, the world’s largest crypto exchange, is challenging a substantial tax notice issued by Indian authorities. The Directorate…

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Mudrex Secures Court Order to Shutdown Scam Websites 

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WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds

Embattled crypto platform WazirX has entered an initial 30-day moratorium following a $234 million hack in July, pending a decision by Singapore’s High Court on whether to grant an extension, according to an Aug. 28 statement. This development arose as rival platform CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million […]

The post WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds appeared first on CryptoSlate.

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CoinSwitch takes legal action against WazirX

CoinSwitch sues WazirX over $9.7M in stuck assets after a $230M cyberattack. WazirX seeks a 30-day moratorium to restructure and address frozen withdrawals. WazirX has allowed partial INR withdrawals, but crypto withdrawals remain paused. CoinSwitch, a leading cryptocurrency exchange in India, has initiated legal proceedings against its competitor, WazirX, following a cyberattack in July that […]

The post CoinSwitch takes legal action against WazirX appeared first on CoinJournal.

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India amasses 5M central bank digital currency users

India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.

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Stakeholders urge Nigeria to adopt compliance-focused crypto regulation

While the governments concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes.

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WazirX announces INR withdrawals will resume on Aug. 26

The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues.

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WazirX to resume phased INR withdrawals, fees reduced by 60%

WazirX will resume INR withdrawals in phases starting August 26, 2024. Users can withdraw up to 66% of INR balances, with fees reduced by 60%. Crypto withdrawals remain suspended as WazirX implements a Singapore Scheme. Indian cryptocurrency exchange WazirX has announced a phased resumption of Indian Rupee (INR) withdrawals starting August 26, 2024, following a […]

The post WazirX to resume phased INR withdrawals, fees reduced by 60% appeared first on CoinJournal.

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Indias crypto future hinges on govt consultation paper

Indias Department of Economic Affairs consultation paper is expected to be a watershed moment for crypto regulation in the country, potentially setting the stage for future legislation.

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India Leverages NVIDIA AI to Automate Tollbooth Operations, Reducing Traffic Congestion

India implements NVIDIA AI to automate tollbooths, aiming to reduce traffic congestion and improve efficiency across the country's extensive road network. (Read More)

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