Category: India

Indian Exchange Postpones Repaying Stolen Bitcoins – No Permission From Authorities

India’s cryptocurrency exchange Coinsecure has announced that it cannot repay customers their stolen bitcoins at this time. The exchange claims that while investigations are underway, permissions are needed from the authorities to start the claims process which it has not yet received. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Repayment Delayed Indian exchange

India To Get 30% Discount On Venezuelan Crude Oil If Paid For In Petro, Says Local Source

Local sources report that Venezuela has offered to give India a 30% discount on the sale of crude oil if they pay with Venezuela’s Petro coin. Venezuela will give India a 30 percent discount on crude oil, but only if India uses the state-issued Petro coin, according to an article published yesterday, April 29, from

IBM And Major Banks Blockchain Partnership Reports First Live Pilot Transactions

A Blockchain trade finance platform developed by IBM and other international banks has reported its first live pilot transactions IBM’s partnership with international banks to develop a Blockchain trade finance platform called Batavia has resulted in the platform’s first live pilot transactions, according to a press release published today, April 19. IBM, the Bank of

Indian Exchange Takes Central Bank to Court Over Bank Ban

The Indian bitcoin community keeps fighting for their rights to operate freely in the country like any other industry. The latest show of defiance is a petition to the court against the actions of the Reserve Bank of India by the operators of a local exchange. Also Read: SPI Solar to Host 5,000 Bitcoin Miners

Indian ICICI Bank Enlists 250 Corporates To Int’l Trade And Finance Blockchain Platform

ICICI Bank, India’s largest private sector bank by consolidated assets, onboarded over 250 corporates to its Blockchain platform for trade finance transactions. Indian banking giant ICICI Bank has consigned more than 250 corporates to its Blockchain platform for domestic and international trade finance transactions, according to a press release published April 17. ICICI Bank started

Banks and the Crypto Industry: Asia

What to expect for the future of banking and fintech Bitcoin captured global curiosity when its’ value skyrocketed in 2017. Yet, financial institutions have been slow to add operational value to the crypto market.   The common denominator among places where governments and banks have restrained digital markets is the lack of transparency and control they

The Demographics of Innovation Why Demographics is a Key to the Innovation Race By James Liang, reviewed

By @SimonCocking review of The Demographics of Innovation, Why Demographics is a Key to the Innovation Race, By James Liang. Published by Wiley £22.95/ US$29.95/ EUR27.60 In recent decades—as a result of increased urbanisation, industrialisation, and resulting affluence—people are having fewer children. This new demographic scenario has created a set of troubling social problems, such as labour shortages and a decline of economic dynamism. Written by James