India
First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices
Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.
Bitcoin’s Role in a Recession; Virtual NFT Vacations
South Korea’s KakaoBank considers crypto exchange partnerships. What is Bitcoin’s relevance as a safe haven as the threat of recession looms? India’s MakeMyTrip launches NFT collection of top travel spots. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
A16z Invests $500M in Indian Startups
According to a TechCrunch report, venture capital firm Andreessen Horowitz (a16z) plans to invest $500 million in India’s rapidly growing startup ecosystem. “The Hash” group discusses India’s budding crypto community, being the home of noteworthy projects like Polygon, and how VC interest could curb heavy regulation in the country.
Andreessen Horowitz Commits $500M for Indian Startups: Report
The move comes as more VCs target India’s growing startup ecosystem.
India Includes Crypto Businesses in New Rules for Cyber Security
The move is seen as a positive step that gives clarity to the crypto industry on several fronts.
India to Give Clarity on Tax Provision Within Two Months: Sources
The 1% tax deducted at source has been the biggest pain point in the new tax rules for India's crypto industry.
India Needs a Single Crypto Regulator, Says Polygon Co-Founder
A collective authority could encourage projects like Polygon to set up shop in India, co-founder Sandeep Nailwal told CoinDesk.
NFT Cricket Platform Rario Raises $120M Round Led by Dream Capital
With the investment, Rario can access Mumbai-based fantasy sports platform Dream Sports and its users to further propel both companies into Web 3.
Australia to List Crypto Spot ETFs; WazirX Founders Leave India
Bitcoin and Ethereum spot ETFs landing in Australia next week. India’s WazirX founders move to Dubai. Memecoin fans hope to head to the moon on “Dogecoin Day.” Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
