Cryptocurrency Analysis and News Portal
Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token.Chingari has completed a $19 million funding to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced on Oct. 8.Chingari co-founder and CEO Sumit Ghosh said
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Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round.According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to the “very top” of Indian unicorns as the firm became “India’s most valued crypto
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To celebrate the holiday season in India, cryptocurrency exchanges are looking to lure retail traders by launching aggressive marketing campaigns and giving away crypto.For this year’s Hindu holiday season, which kicked off on Sept. 10, crypto exchanges are encouraging citizens to choose Bitcoin as a gift instead of their traditional
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The Securities and Exchange Board of India, a markets watchdog, has asked depositories to employ blockchain to record and monitor the creation of securities and covenants involving non-convertible securities, according to a report by Livemint. Fast facts SEBI formed a group in November to suggest ways to strengthen the process of
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Mumbai-based crypto exchange CoinDCX has raised $90 million in a Series C funding, becoming the first crypto business in India to reach unicorn status. According to the announcement, the funding round was led by B Capital Group and saw participation from returning investors including Block.one, Coinbase Ventures, Polychain and Jump Capital.Following
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Indian government agencies are contemplating leveraging blockchain technology to mitigate compliance burdens on startups, a report by Inc42 claims. Using Blockchain to Ease Startup Compliance In a bid to make it easier for startups to deal with compliance and regulatory hurdles, some Indian government agencies are mulling a move to distributed ledger
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Fifteen of India’s largest banks have invested in a fintech firm that aims to use blockchain to speed up domestic letters of credit, a first in domestic trade finance, regulatory filings to the National Stock Exchange of India show. Fast facts Named the Indian Banks’ Blockchain Infrastructure Co., the firm uses blockchain
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The state of Maharashtra in India has adopted blockchain technology to issue educational certificates in order to combat issues of certificate forgery. Maharashtra Utilizes Blockchain for Educational Document Registration The Maharashtra State Board of Skill Development (MSBSD) is utilizing LegitDoc, an Ethereum blockchain-powered system developed by Bangalore-based tech company Crossforge Solutions Pvt
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The crypto fever seems to be steadily making its presence felt in India. Indian Startup Begins Accepting Crypto Payments The Rug Republic, a New Delhi-based startup recently announced it would begin accepting top 20 cryptocurrencies for payments but only from Indian customers. An Indian decor brand, the Rug Republic has become the first
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