India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year

India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year

Despite its strict regulatory stance on the crypto sector, India has shown notable growth in crypto adoption. This week, blockchain research firm Chainalysis released its ‘2024 Global Crypto Adoption Index’, where India ranked first out of 151 nations. The country leads in overall crypto adoption, centralised service value, and retail…

Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report

Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report

Retail investors are showing a strong interest in cryptocurrencies despite the speculative and volatile nature of these virtual assets. The finding was highlighted in a report released by the Board of the International Organisation of Securities Commissions (IOSCO). The Madrid, Spain-based body said it surveyed 24 jurisdictions to compile this…

‘If Our Regulated Markets Can’t Compete With Crypto…’: SEBI Chief Addresses Investor Migration Concerns

‘If Our Regulated Markets Can’t Compete With Crypto…’: SEBI Chief Addresses Investor Migration Concerns

With the advent and now visible growth of cryptocurrencies, traditional market practices are looking at an urgent revamp around the world. Earlier this week, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), highlighted some important tweaks for traditional markets to implement on priority to retain…

Crypto Experts Weigh-In on Factors that Propelled BTC to Trade Above ,000, a First Since May 2022

Crypto Experts Weigh-In on Factors that Propelled BTC to Trade Above $40,000, a First Since May 2022

For the first time in nineteen months, the value of Bitcoin exceeded the crucial mark of $40,000 (roughly Rs. 33.7 lakh) in terms of its pricing on Monday, December 4. The oldest cryptocurrency, that created its last all-time high of over $68,000 (roughly Rs. 56.6 lakh) in November 2021, had…

Roxe Holdings Said to Go Public in .65 Billion Merger Deal With Goldenstone Acquisition

Roxe Holdings Said to Go Public in $3.65 Billion Merger Deal With Goldenstone Acquisition

Blockchain-based payments company Roxe Holdings is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Limited at a combined valuation of $3.65 billion (nearly Rs. 28,500 crore), according to people familiar with the matter. The deal bucks an unfavorable market environment with cryptocurrencies plunging…