Cryptocurrency

Crypto exchange CoinDCX raises $135 mn in funding as valuation to

Indian crypto exchange CoinDCX has raised $135 million in its Series D funding round, with a valuation of over $2 billion. The round was led by Pantera and Steadview and saw participation from prominent investors like Kingsway, DraperDragon, Republic, and Kindred. The latest funding round also saw existing investors such as B Capital Group, Coinbase,…

Major risks of crypto – money laundering and terror financ

Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Minister of Finance Nirmala Sitharaman on Monday (local time). In her address at a seminar during the ongoing spring meet of the International Monetary Fund (IMF), Sitharaman said: “I think the biggest risk…

Cryptocurrency payments are frozen across India, hitting trading

When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the assembled audience that crypto investors would now be able to use the country’s online retail payments system…