India
Nischal Shetty’s Blockchain Startup Shardeum Raises $5.4M in Latest Funding Round
Shardeum recently raised $5.4 million in strategic funding. The layer 1 blockchain was co-created by Nischal Shetty, who is also the co-founder of WazirX, India's largest crypto exchange by trading volume. Shardeum Chief Growth Officer Kelsey McGuire discusses the raise, how Shardeum stands out from the competition, and the state of U.S. crypto regulation.
Bitcoin ETFS, Azuki NFTs Take Off; India Presses for Crypto Rules
Host Angie Lau breaks down the recent wave of spot bitcoin ETF applications from TradFi giants and the drop in the floor prices of Chiru Labs' popular Azuki NFT collection. Plus, the state of crypto regulation in India. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape"
Crypto Exchange Gemini to Expand Asia-Pacific Operations to Capture 'Next Wave' of Growth
The company plans to open an engineering center in India and increase headcount in Singapore to over 100.
Stablecoin Regulation Is a Sticking Point Between the G7 and G20
Emerging economies in the G20 are concerned widespread stablecoin use may threaten their monetary policy, and are seeking stricter measures, two high-level officials privy to discussions at the forums told CoinDesk.
JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week
India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks
The move is seen as a step to attract attention towards how crypto can hurt or change the global economy rather than just nations and customers individually, government sources have told CoinDesk previously.
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
CoinDCX, CoinSwitch, WazirX and other Indian firms CoinDesk spoke to think they'll survive the ongoing bear market – here’s how.
WazirX's Battle With Binance Reignited After WRX Token Moved to "Innovation Zone"
They are 17 other tokens besides WRX that Binance has shifted to its innovation zone.
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
An Indian crypto exchange and a policy firm have separately asked the government to let crypto firms access the national Unified Payments Interface (UPI) after it was ostensibly suspended in 2022.
