Lens
NFT Marketplaces
Editor’s Note: A previous version of this report stated the NFT proceeds will be donated to NGO Atam Pargas. The NGO has reached out to Forkast to clarify it is not associated with the NFT project. Lekh-Haq, the organizer of the NFT has confirmed this correction to Forkast. Indian journalists and filmmakers launched farmers’ protest […]
Pradipta Mukherjee
Regulation
India’s leading banks have asked the National Payments Corporation of India (NPCI) to issue a formal directive that explains the curbs on money transfers using the Unified Payments Interface (UPI) for trading in virtual digital assets. See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Indian banks had […]
Monika Ghosh
Regulation
CoinDCX cofounder Sumit Gupta tells Forkast in an exclusive interview the crypto exchange that recently raised US$135 million will look to triple its headcount by the end of the year.
Pradipta Mukherjee
Regulation
Cofounders of the Binance-backed Indian crypto exchange WazirX have reportedly moved to Dubai amid regulatory uncertainty and taxation, local media report. See related article: India’s crypto tax will incur losses for government, says WazirX CEO Fast facts Nischal Shetty and Siddharth Menon have reportedly moved to Dubai along with their families. “Crypto has no boundaries,” […]
Pradipta Mukherjee
Altcoins
Indian cryptocurrency exchange CoinDCX’s latest funding comes as investors double down on the country’s potential to emerge as the world’s top market despite government apathy. See related story: CoinDCX’s Sumit Gupta on CBDCs, regulation and India’s potential for crypto in 2021 Fast facts Series D funding was led by Pantera and Steadview Capital, the company […]
Pradipta Mukherjee
Advanced Blockchain Technologies
Non-fungible tokens (NFTs) are going to be increasingly important with the rise in time spent on metaverses, Jayant Sinha, a member of parliament and Chairman of India’s Standing Committee on Finance, told The Economic Times on Monday. See related article: India to make life hell for crypto investors: MP Fast facts Sinha’s comments come at […]
Monika Ghosh
Regulation
Crypto exchanges in India are switching to facilitating user-to-user bank transfers and inward remittances to work around a withdrawal of support from the developer of the country’s ubiquitous UPI payments system, local media report. See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Indian cryptocurrency exchanges are trying […]
Pradipta Mukherjee
Regulation
Coinbase’s showcasing of support by government-backed National Payments Corporation of India (NPCI) set the ball rolling on the cryptocurrency exchange being yanked from the ubiquitous Unified Payments Interface (UPI).
Pradipta Mukherjee
Regulation
Trading volumes at India’s major cryptocurrency exchanges slumped to their lowest in years after new taxes kicked in on April 1, according to research by Crebaco. See related article: Coinbase’s India launch hits road bump Fast facts U.S. dollar trading volume dropped by 72% on WazirX, 59% on ZebPay, 52% on CoinDCX and 41% on […]
Pradipta Mukherjee
Blockchain Security
India’s Ministry of Education was one of the latest victims in a series of hacks against verified Twitter accounts promoting fake Azuki non-fungible token (NFT) airdrops. See related article: Azuki spikes past Bored Apes in daily sales Fast facts India’s University Grant Commission (UGC), which has more than 295,000 followers on Twitter, was hacked on […]
Monika Ghosh
