India

The Decentralized Finance (DeFi) portal, InstaDApp, has generated $2.4 million in a seed round that attracted a batch of high-profile strategic investors. Notable investors that participated in the round included IDEO CoLab, Pantera Capital, and Robot Ventures. Compound Finance’s Robert Leshner led the investors. In addition, the seed round also attracted some thought leaders in [...]

The legal status of cryptocurrencies within India has become questionable of late. With so many speculations flying around as regards the legal status of crypto-related businesses operating in India. The country’s Supreme Court has called on the Government Authorities to clarify once and for all its official position on the matter. Supreme Court of India [...]

According to a report by The Economic Times that cites two people involved in the matter, India’s Central Bank is set to research cryptocurrencies and their potential use cases despite various freshly instated bans. This is very interesting, as RBI’s plans to research cryptocurrencies and the tech behind them come right after it has repeatedly [...]

Divyesh Darji, the person behind BitConnect India's scam, was arrested by the police in Delhi airport after landing from Dubai. He is accused of inappropriate promotion of the Indian company. On 18 August, Divyesh Darji, the promoter of BitConnect, was detained by immigration authorities when he landed in Delhi Airport, as reported by local media. [...]

Huobi, China’s biggest crypto exchange, aims to take advantage of India’s growing interest in cryptocurrencies by expanding its service in the said country via a new peer-to-peer (P2P) portal. The main highlight of the platform is the fact that it will support trading in India’s national currency, the rupee. The announcement was made by Huobi [...]