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CATEGORY: indian cryptocurrency market


May 12, 2022 12:15

Coinbase Bogged Down By Indian Authorities’ Pressure Tactics, Heads Out

In a major development, leading US-based cryptocurrency exchange Coinbase has decided to leave the Indian market within three days of its launch. Brian Armstrong, the co-founder, and chief executive said because of “informal pressure from the government and the Reserve Bank of India”. On April 7, Coinbase launched its crypto trading service in India which allowed its clients […]

Jan 05, 2022 07:15

Everything about India’s first Crypto Index, IC15

India’s first crypto Index called IC15 debuts on the super-app CryptoWire which will evaluate the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization. For the uninitiated, an index such as these, captures over 80 percent of market movement is essentially a market tracking and assessing tool. Through such […]

Nov 24, 2021 07:15

Crypto market crashes on Indian exchanges amidst ban FUD

Amidst the huge regulators’ involvement and FUD, Indian crypto exchanges witnessed a sudden panic selling which resulted in a midnight crash dumping the dollar-linked stable coin tether (USDT) by 25% to nearly 60 Indian Rupees ($0.8061). This happened just after the news on the cryptocurrency bill went viral on Wednesday. The global crypto market has […]

Nov 14, 2021 07:10

How India plans to craft the new Cryptocurrency law

India’s Prime minister Narendra Modi presided over a high-level meeting, discussing ways to manage the burgeoning cryptocurrency sector. The meeting, as per the government sources, was the result of detailed consultation held with the Reserve Bank of India, the Finance Ministry, as well as domestic and international experts. Sources revealed that an agreement was reached […]

Nov 08, 2021 07:15

India working towards a “balanced” crypto law: Source

India’s leadership is contemplating how to take a balanced stance on cryptocurrencies. The government is in the process of finalizing legislation on the crypto-asset industry which may be presented this year in the coming winter session of Parliament. A source close to the administration revealed that an absolute ban on cryptocurrency would be extreme and […]

Sep 26, 2021 07:25

China FUD sends Indian crypto investors into a frenzy

The latest announcement by Chinese central bank, People’s Bank of China [PBoC] with regards to making all crypto transactions illegal has sent Indian investors into massive sell-offs. Cardano [ADA], Polygon [Matic], and Solana [SOL] have been investor favorites for quite some time but the latest news witnessed many market players cashing out. As many resorted […]

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