Category: Indian
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Indian exchange WazirX loses $234m in recent exploit
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WazirX, one of India’s largest cryptocurrency exchanges by trading volume, is the latest victim of a high-profile exploit, losing over $234 million in multiple crypto assets. Cyvers, a leading Web3 security firm, highlighted the hack earlier today, confirming that it involved the Ethereum-based WazirX multi-signature wallet. Notably, on-chain data confirms…
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Crypto Exchange Seeks Indian Approval As Users Hit Roadblock
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Once a land of opportunity, India’s cryptocurrency market is in a regulatory slump. As authorities tighten their grip, major crypto exchanges are struggling to survive, facing restricted services, hefty fines and even exit. Failure to pass KYC test Global giant Binance, a household name in the cryptocurrency world, has learned…
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Bitget eyes Indian FIU registration following Binance
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Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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Bitget eyes Indian FIU registration following Binance
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Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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Modi’s govt calls on Indian state to look into Reuters report on Foxconn hiring By Reuters
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Written by Praveen Paramasivam, Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) – Indian Prime Minister Narendra Modi’s government said on Wednesday it had asked Tamil Nadu state to submit a “detailed report” after a Reuters story revealed that Apple supplier Foxconn had refused to hire married women for iPhone assembly…
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Amazon to buy some assets of Indian video streaming service MX Player (NASDAQ:AMZN)
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Amazon (Nasdaq: AMZN) has entered into an agreement to acquire certain assets of the Indian video streaming service MX Player. The e-commerce giant is acquiring some of MX Player’s assets, but not the entire company. The deal is not completed yet. “we We’re always looking for ways to offer new…
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Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows By Investing.com
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Investing.com — Most Asian currencies fell slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after 2024 general election results showed the ruling Bharatiya Janata Party did not sweep as expected. Broader risk appetite improved somewhat, as weak US data fueled bets…
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Asian stocks muted before more rate cues; Indian elections in focus By Investing.com
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Investing.com — Most Asian stocks fell on Tuesday, easing recent gains as investors awaited more signals on interest rates this week, while Indian stocks hovered around record levels on bets that the Bharatiya Janata Party would win a third consecutive election term. General year 2024. Regional stocks received moderate signals…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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Goldman sees Indian Rupee as defensive in EM FX carry strategy By Investing.com
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Goldman Sachs has highlighted the Indian Rupee (INR) as one of the standout currencies in the Emerging Markets Forex (EM FX) pool, due to its high carry to volatility ratio. The firm noted that the attractiveness of the Indian rupee is further enhanced when combined with short trades in Euro…
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Binance And Indian Law Enforement Agencies Join Hands To Track And Seize $10.5 Million In Crypto Assets
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Binance Indian law enforcement agencies collaborated to crack the scam app called E-Nuggets and tracked the flow of funds to various cryptocurrency exchanges and seized more than $10.5 million in cryptocurrency assets. In a significant move to combat cryptocurrency fraud, the Indian enforcement agency recently collaborated with leading global cryptocurrency…