In a surprising twist, CoinDCX CEO Sumit Gupta has firmly denied rumors of a $900 million acquisition by Coinbase, even as speculation swirls around a recent $44 million security breach. What does this mean for India’s booming crypto market? Let’s dive in. CoinDCX Denies Acquisition by Coinbase CoinDCX CEO Sumit Gupta took to X (formerly […]
In a groundbreaking move that could reshape India’s cryptocurrency landscape, BJP national spokesperson Pradeep Bhandari has publicly endorsed Bitcoin as a strategic reserve asset. This bold stance from a key political figure signals potential seismic shifts in India’s approach to digital currencies. Why Bitcoin as a Reserve Asset Matters for India The proposal to treat […]
A significant victory against digital fraud has unfolded in India. Authorities recently announced a major **crypto asset freeze**, targeting a prolific scammer. This decisive action highlights the ongoing global fight against illicit activities in the cryptocurrency space. Investors must remain vigilant. Enforcement Directorate Targets Massive Coinbase Scam India’s Enforcement Directorate (ED) has taken a significant […]
In a shocking turn of events, Indian cryptocurrency exchange CoinDCX is investigating a massive $44 million theft linked to an employee’s compromised credentials. This security breach has sent ripples through the crypto community, raising serious questions about exchange security protocols. How Did the CoinDCX Crypto Theft Happen? The breach occurred on July 19, 2025, when […]
In a shocking turn of events, India’s leading cryptocurrency exchange CoinDCX fell victim to a sophisticated social engineering attack, resulting in a staggering $44 million loss. This cybersecurity breach highlights the growing threats facing the crypto industry and raises critical questions about internal security protocols. How Did the CoinDCX Social Engineering Attack Unfold? The attack […]
India’s cryptocurrency market faces a major setback as the government reaffirms its 30% tax on crypto profits and rejects Bitcoin ETFs. This decision could stifle innovation and push investors to offshore platforms. Here’s what you need to know. India’s 30% Crypto Tax: A Barrier to Growth The Indian Ministry of Finance has confirmed no changes […]
In a move signaling a growing trend of traditional companies embracing digital assets, Indian IT firm Jetking Infotrain has made a significant announcement. The company has approved a preferential equity issue of 115 million rupees, equivalent to approximately $1.33 million, specifically earmarked to bolster its pioneering Bitcoin strategy. This decision, shared by Jetking’s CFO Siddarth […]
India, a nation known for its technological prowess and burgeoning digital economy, has long grappled with the complexities of cryptocurrency regulation. For years, the crypto community in India has navigated a landscape fraught with uncertainty, high taxes, and a lack of clear legal frameworks. This challenging environment has often stifled innovation and pushed talent overseas. […]
Attention, cryptocurrency enthusiasts and investors in India! A significant development has emerged regarding tax compliance in the digital asset space. Recent reports confirm that Indian authorities are actively investigating cases of **crypto tax evasion**. This news, initially reported by JinSe Finance and now confirmed by Indian officials, signals a clear intent by the tax department […]
In a significant development within the global cryptocurrency market, WazirX, a prominent crypto exchange widely used by investors in India, is undergoing a major operational shift. The platform, previously based in Singapore, is now relocating its core activities to Panama. This move follows a recent decision by a Singapore court regarding its restructuring plans, marking […]
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