India Expands Payment Ties With Regional Partners to Strengthen Cross-Border Financial Networks

November 21, 2024 Bitcoin.com

bitcoin.com

India’s expanding payment ties with nations like UAE and Sri Lanka highlight a push for seamless transactions, paired with cautious central bank digital currency (CBDC) advancements. India’s Growing Regional Payment Ties Signal a New Financial Era India is broadening its payment linkages with several nations, including Sri Lanka and the United Arab Emirates (UAE), as […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

India Urged to Embrace Bitcoin as Strategic Reserve Asset Amid Global Unrest

November 15, 2024 Bitcoin.com

bitcoin.com

Investment firm Bernstein has urged India to recognize bitcoin as a strategic reserve asset, highlighting its potential as “digital gold” amid global financial risks like inflation, U.S. debt, and geopolitical instability. Bernstein argues that India’s current focus on central bank digital currencies (CBDCs) and its classification of bitcoin as a “private currency” overlook BTC’s key […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

Bitcoin scammers impersonate police, Sunray Finance $2.7M drain: Crypto-Sec

November 4, 2024 Coin Telegraph

Bitcoin

Scammers pretended to be police and demanded BTC for missing court dates, while an attacker minted a huge number of SUN tokens and dumped them.

Some residents of the state of Colorado in the United States have fallen victim to a new police impersonation scam.

According to an Oct. 31 report from local news site Summit Daily, a scammer called residents and claimed to be a representative of the local government. They told the victim that they had to pay a $10,000 fine for missing jury duty, which must be paid in Bitcoin.

In response, the victim transferred $6,000 of Bitcoin (BTC), but the real authorities stopped the victim from transferring the remaining $4,000, saving it from the attacker’s hands.

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

India Reclaims 102 Tonnes of Gold From Bank of England as Global Risks Rise

November 1, 2024 Bitcoin.com

bitcoin.com

The Reserve Bank of India has repatriated 102 tonnes of gold from the UK, bolstering domestic reserves as global instability fuels demand for secure assets. 102 Tonnes of Gold Returned: RBI Shifts Assets From Bank of England India’s central bank, the Reserve Bank of India (RBI), has returned 102 tonnes of gold from the Bank […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

CBDCs and crypto should coexist, not compete — CoinDCX co-founder

October 27, 2024 Coin Telegraph

Blockchain

Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.

India’s regulatory position on cryptocurrencies and central bank digital currencies continues to fuel debate, with recent discussions suggesting CBDCs could have an edge over “private cryptocurrencies.”

In an Oct. 23 X post, Sumit Gupta, the co-founder and CEO of CoinDCX, argued that CBDCs and cryptocurrencies like Bitcoin (BTC) serve different purposes and “shouldn’t be viewed as competitors.”

His post prompted responses from the crypto community, with some warning that CBDCs could resemble “digital fiat,” potentially carrying the same inflationary risks as traditional currencies.

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

October 17, 2024 Bitcoin.com

bitcoin.com

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure

October 16, 2024 Bitcoin.com

Binance

Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made, and cryptocurrency assets were seized as part of the operation to shut […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential

October 15, 2024 Bitcoin.com

Bitcoin

Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade

October 8, 2024 Bitcoin.com

alternative settlements India

India’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s trade adjustments are driven by practical concerns related to partners with dollar shortages, not a strategic effort to undermine the […]

Avalanche Explained: Inside the Blockchain’s Three-Chain Architecture

Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public

September 26, 2024 Bitcoin.com

addresses

Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]

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