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The Himachal Pradesh High Court has rejected bail for Abhishek Sharma, an alleged suspect involved in a $228 million cryptocurrency fraud case in India. The scam victimized over 80,000 investors across Himachal Pradesh and neighboring states. In rejecting the bail…
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Karnataka’s tech capital appears to be going all-in on blockchain. Behind closed doors, Coinbase’s legal chief and Indian officials mapped out a surprising alliance: developer tools, cyberdefense, and a potential policy shift that could influence India’s onchain playbook. On August…
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Reports claiming Coinbase is planning the acquisition of India-based crypto exchange CoinDCX have been denied by the company’s leadership. In a July 29 X post, CoinDCX CEO Sumit Gupta shut down the rumors directly, saying the platform is not for…
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Coinbase is in advanced talks to acquire CoinDCX after a $44M hack, offering less than half of what CoinDCX was valued at in the last bull market. Coinbase is allegedly in advanced negotiations to acquire CoinDCX, India’s largest cryptocurrency exchange,…
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India’s largest crypto exchange is back online after a $44 million breach exposed a blind spot in its operational infrastructure.
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Bybit has begun applying an 18% GST on service and trading fees for Indian users starting July 7, further intensifying the country’s already heavy crypto tax burden. Starting today, Bybit will apply an 18% Goods and Services Tax on service…
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Bitget has joined India’s Sahyog Portal under the I4C, becoming the latest global crypto exchange to support Indian law enforcement with streamlined access to user data and transaction records. According to an official press release dated June 23, Bitget has…
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India’s Income Tax Department has launched a fresh crackdown on potential tax evasion and money laundering tied to virtual digital assets, including cryptocurrencies. According to government officials and local reporting, the department has identified individuals and entities engaging in crypto…
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Despite mounting pressure for regulatory clarity, the Reserve Bank of India remains firmly opposed to cryptocurrencies, citing risks to monetary policy.
Recap
Today’s edition of the weekly recap covers a variety of topics including Strategy and GameStop each revealing major Bitcoin acquisitions totaling over $900 million. Meanwhile, El Salvador and Pakistan expanded their sovereign crypto reserves—despite global pressure from institutions like the…
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The Reserve Bank of India wants to roll out new functionalities for the digital rupee and test its use in cross-border payments with international partners. India‘s central bank said it will introduce new features and use cases for the digital…
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The U.S. Justice Department has reportedly launched a criminal investigation into a recent breach at Coinbase involving bribed overseas staff and a $20 million ransom demand. U.S. authorities have launched a criminal investigation into how hackers managed to steal sensitive…
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India’s Supreme Court has raised concerns over unregulated Bitcoin trading, comparing it to a refined form of Hawala during a recent bail hearing in a crypto-related case. According to local media, the observation came as the court questioned the absence…
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Crypto exchange Bitget and Avalanche are teaming up to boost the adoption of digital asset trading and blockchain technology in India. Bitget announced on April 28 that it had entered a strategic collaboration with Avalanche (AVAX), that will leverage their…
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Over 90% of WazirX creditors have voted in favor of proposed restructuring plan, clearing a key hurdle ahead of court review in Singapore. Creditors had nearly 10 days to cast their votes on Zettai’s restructuring plan — and by the…
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As India signals a recalibration of its crypto policies, crypto service providers are targeting the Indian market. As national jurisdictions are changing their stance on crypto, led by Donald Trump’s pro-crypto agenda, India is starting to recalibrate as well. Although…
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