Category: India

Russia, India Seek Common Ground in Blockchain, AI Development

India and Russia have issued a joint statement indicating that both countries are to cooperate in areas such as fintech, tourism, and AI.

Indian Institute of Technology (IIT) Bombay Professor Declares Bitcoin Safe From 51% Attack

Cryptocurrency service provider Zebpay and Professor Saravanan Vijayakumaran, an Associate professor at Indian Institute of Technology (IIT) Bombay, recently conducted a survey on Bitcoin’s security, concluding that the world’s premier cryptocurrency is safe from a 51% attack.

State In India Is Helping Facilitate The Growth Of Cryptocurrency-Related Businesses

A minister serving in India recently stated that a local state was working on plans that would help make it possible for local firms to operate without having to rely on the policy frameworks put in place by the National government.

Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

India’s supreme court has set a new date to hear the petitions against the cryptocurrency banking ban by the country’s central bank.

Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam.

India: ‘Big Four’ Auditor EY to Hire 2K Employees to Develop in Blockchain, AI

“Big Four” auditor Ernst & Young (EY) will hire 2,000 employees in India to expand its digital solution services across blockchain, artificial intelligence (AI), automation and tax technologies.

India: Further Charges Levelled at Suspects in Alleged Cryptocurrency Investment Scam

Police in the northern Indian city of Chandigarh have filed a chargesheet against four suspects accused of scamming a victim out of â‚č6-10 crore ($0.8 - 1.4 million) in a cryptocurrency investment fraud.

SWIFT India Partners With Fintech Firm for Blockchain Pilot

SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20.

India Ready To Unveil Cryptocurrency Law Next Month

The government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works.

Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises

An Indian cryptocurrency Ponzi scheme masquerading as an investment company has crumbled in the aftermath of the Reserve Bank of India’s declaration of cryptocurrency as “illegal tender”.

Innovation Behind Bars: the Arrest of India’s First Bitcoin ‘ATM’ Operators

Earlier in October, the developers of India’s first Bitcoin (BTC) “ATM” were arrested in the city of Bangalore under criminal charges, in a case that has shaken the local startup community and cast a spotlight on the lack of clarity surrounding “the law of the land” in regard to crypto.

India’s National Disaster Authority Hacked To Promote Bitcoin Scams On Twitter

Hackers took over the official Twitter account of India’s National Disaster Management Authority (NDMA) to promote blatant Bitcoin $BTCâ–Œ0.01% giveaway scams – a trend that’s been plaguing social media for months now.