Cryptocurrency exchange Cryptopia halts trading and announces it is in the process of liquidation – The Block Crypto

Cryptopia, a cryptocurrency exchange headquartered in New Zealand, has halted trading and announced that it is now in liquidation. In January, the exchange suffered a security breach in which millions of dollars were stolen. Despite the loss, management believed it could reduce costs and return the business to profitability. Before the announcement, the exchange was…

View More Cryptocurrency exchange Cryptopia halts trading and announces it is in the process of liquidation – The Block Crypto

Cryptocurrency exchange loses $145 million after CEO takes passwords to the grave – TechSpot

In brief: Cryptocurrency exchange QuadrigaCX’s 115,000 customers have lost a combined total of $145 million, after CEO and founder Gerald Cotton unfortunately passed away from complications caused by Crohn’s Disease last year. The company has less than half a million left in cash. A common practice among cryptocurrency exchanges is to store customers’ coins in…

View More Cryptocurrency exchange loses $145 million after CEO takes passwords to the grave – TechSpot

Foreign exchange reserves see highest fall of $5.1 billion in 7 years

The country’s foreign exchange reserves fell $5.1 billion in the week ended October 12. This is the highest dip in seven years, according to data released by the Reserve Bank of India (RBI). Total forex reserves declined from $399.6 billion in the previous week to $394.46 billion on October 12. This is also the lowest…

View More Foreign exchange reserves see highest fall of $5.1 billion in 7 years

Cryptocurrency Exchange Unocoin to Launch India’s First Cryptocurrency ATM

The crypto fever has grabbed curious Indian investors who have flocked to several homegrown and foreign exchanges to buy digital coins. The Reserve Bank of India (RBI) took action on the unregulated assets and effectively dried up banking resources for cryptocurrency exchanges. However, the market has continued to flourish despite these setbacks. Now one of…

View More Cryptocurrency Exchange Unocoin to Launch India’s First Cryptocurrency ATM

Bitcoin exchange app Zebpay pulls the plug following policy restrictions

Bitcoin and cryptocurrency exchange app Zebpay has announced that it will be stopping its exchange business effective from 4 pm today, that is, September 28 2018. This follows prohibition of all regulated financial institutions – including banks – from providing any service in relation to virtual currencies. ‘We are stopping our exchange. At 4 PM…

View More Bitcoin exchange app Zebpay pulls the plug following policy restrictions

Crypto-currency exchange Zebpay shuts shop

Zebpay, one of India’s biggest crypto-currency exchanges, on Friday announced shutdown of its business. The crpto market in India faced trouble after the Reserve Bank of India barred banks and financial institutions from dealing with virtual currencies, including Bitcoins. “Despite regulatory and banking problems along our journey, we continued to look for solutions as we…

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London Stock Exchange strikes pact with National Stock Exchange of India

The London Stock Exchange Group on Friday announced a new memorandum of understanding with the National Stock Exchange of India to cooperate on dual listings and the launch of the group’s offerings in India. London Stock Exchange (LSE) said the MoU is aimed at working together with the National Stock Exchange (NSE) on creating a…

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Rs 500 or Rs 2000 note torn? Here are new RBI guidelines to exchange post-demonetizatation notes

The RBI has issued new guidelines through a gazetted notification for all notes which were issued post note ban. There was a lack of clarity of how to exchange Rs 2000 and Rs 200 notes introduced after demonetization. While there are clear rules to replace notes worth Rs 5, 10, 20, 50, 100 and 500,…

View More Rs 500 or Rs 2000 note torn? Here are new RBI guidelines to exchange post-demonetizatation notes
India-Korea Tech exchange centre inaugurated to boost MSME segment

India-Korea Tech exchange centre inaugurated to boost MSME segment

By Express News Service NEW DELHI: The National Small Industries Corporation (NSIC) and South Korean Small and Medium Business Corporation (SMC) on Tuesday inaugurated the India-Korea Technology Exchange Centre in an effort to boost bilateral cooperation between the two countries in the Micro, Medium and Small Enterprises (MSME) segment. The inauguration comes in the backdrop…

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