Cryptocurrency

Top crypto exchange Coinbase freezes hiring, revokes accepted off

Leading crypto exchange Coinbase, which halted payments via unified payments interface (UPI) mode on its app in India in April, on Friday announced to pause hiring for as long as the global macro-economic factors remain in place. The company also revoked accepted offers from some candidates who haven’t joined it yet. “After assessing our business…

CoinSwitch launches benchmark index for crypto market in Indian R

Crypto company CoinSwitch on Thursday launched what it said is India’s first benchmark index to measure the performance of Indian Rupee-based crypto market. Crypto Rupee Index (CRE8) tracks eight crypto assets representing over 85 per cent of the total market capitalisation of digital assets traded in the Indian Rupee. The index, available at coinswitch.co/crypto-index, is…

Ahead of consultation paper, RBI DG says CBDCs can kill case for

Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can “kill” whatever little case that exists for private virtual currencies like Bitcoin. Sankar also attacked ‘stable coins’ which are pegged to a particular currency. The…