Police in India arrests four accused in a $ 14 million crypto scam

olice in Mumbai, the western Indian city that’s also known as the financial capital of the country have arrested four accused in a crypto scam. The accused had cheated investors promising them unrealistic returns. India doesn’t allow cryptocurrencies.

Forth Arrest made as probe into India’s Money Trade Coin Scam, Intensifies

Indian police have reportedly arrested an associate of a group that’s accused of conducting a crypto scam involving 5 billion rupees which is equivalent to $71.6 million. This is according to an Indian English-language local publication known as the Indian…

Unocoin Co-founder Arrested for Setting up Bitcoin ATM in India

37-year-old Harish BN was apprehended this week by the cyber crime police unit in Bengaluru India, for reportedly running a Bitcoin ATM without the relevant approvals. Harish is the cofounder of Unocoin, a blockchain based company responsible for setting up…

“WordPress of Startups” : Blockchain start-up Elemential is working on making enterprise blockchain easier

Building an enterprise blockchain, developing apps using it, and deploying the apps on it need to have processes, methods, and tools that make it easier to use. Mumbai, India-based blockchain start-up Elemential is working on their Hadron and Federated Network…

Indian government functionaries continue to discourage cryptocurrencies

The Government of India (GoI) doesn’t regard cryptocurrencies as legal tenders, and senior GoI functionaries continue to discourage use of cryptocurrencies. The latest statement from Mr. Shaktikanta Das, former Secretary of Economic Affairs in GoI, a senior official who was…

Indian Information technology (IT) provider Tech Mahindra will invest in blockchain center in Canada

Pune, Maharashtra, India-based multinational IT provider Tech Mahindra has announced that they will invest nearly Canadian $100 million (US $ 79 million) in a Center of Excellence (CoE) in Canada. The CoE will focus on blockchain and Artificial Intelligence (AI)…

Government of Maharashtra (India) explores blockchain technology to improve governance

Author – Anujit The state government of Maharashtra, the western Indian state, has started to explore blockchain technology to improve governance delivery, and bring in greater transparency, and in turn, better trust, between citizens and government. With this, the state…

Blockchains LLC acquires over 60,000 acres of land in Nevada

Author – Anujit Nevada, USA-based Blockchains, LLC has purchased over 60,000 acres of land in the Tahoe-Reno Industrial Center, Nevada. With this purchase this relatively lesser known company has certainly made the headlines, more so due to lack of clarity…

India cryptocurrency Regulation: Media Misinterprets India Bitcoin Stand – But to Be Tough on the cryptocurrencies.

Author -Anujit India  will not ban cryptocurrencies or crypto exchanges and trading! In the past few days, India has been the main focus as reports of an imminent ‘ban’ on bitcoin and other cryptocurrencies looming in the country. However, India…

Government of India (GoI) discourages cryptocurrencies but welcomes blockchain

Author – Anujit, India On February 1st 2018, the Government of India (GoI), as part of its annual budget exercise, formally discouraged use of cryptocurrencies. However, GoI has also welcomed the blockchain technology, and vowed to explore it further. Reserve…