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“#Amazon reportedly ripped off sellers, rigged search results” Amazon ripped off its third-party sellers’ products and rigged search results to favor its own products — even as Jeff Bezos told Congress under oath that the company didn’t engage in such practices, according to a new investigation. The knockoff and manipulation campaign occurred in Amazon’s India…
“# Indian TikTok challenger raises $19M to launch social token on Solana ” Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token. Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced…
“# Indian crypto exchange CoinSwitch Kuber raises $260M ” Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to the “very top” of Indian unicorns as the firm…
“# Crypto transactions surge 706% in Asia as institutional adoption grows — Chainalysis ” Emerging markets across Central and Southern Asia have registered a dramatic uptick in cryptocurrency transactions, highlighting a diverse range of motivations among locals for gaining exposure to digital assets such as Bitcoin (BTC) and Ether (ETH). New research from blockchain analytics…
“#Angry elephant smashes bus windshield in shocking video” They apparently didn’t have their E-Z Pass. Commuters in Nilgiris, Southern India, got a closer wildlife encounter than perhaps desired after an enraged elephant smashed their bus’ windshield with its tusks, as seen in this wild video. The frightening attack reportedly occurred on Sept. 25 while a…
“# JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it ” In an online interview with Times of India, Jamie Dimon, CEO of investment banking behemoth JPMorgan Chase, slandered Bitcoin’s popular appeal, despite stating that the leading digital asset could increase 10x in a matter of five years. A historically staunch…
“# Indians opt for state-run blockchain platform amid bulk SMS regulations ” The Telecom Regulatory Authority of India (TRAI) established messaging regulations that require scrubbing consumer communication messages to ensure that the receiver of the message has opted in for such interactions. The drive is supported by BSNL DLT, a content verification platform built on…
“# Indian university joins Hedera decentralized governance council ” The Indian Institute of Technology Madras (IITM) has become a member of the Hedera Hashgraph’s council for decentralized governance. IIT Madras is one of the top institutes for technical education in India, which falls under the direct jurisdiction of India’s Ministry of Education. As a member…
“# India’s Income Tax Department may soon target crypto trades and ecosystem ” As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured. According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax…
“# Indian crypto exchanges prepare ad blitz for festive season ” To celebrate the holiday season in India, cryptocurrency exchanges are looking to lure retail traders by launching aggressive marketing campaigns and giving away crypto. For this year’s Hindu holiday season, which kicked off on Sept. 10, crypto exchanges are encouraging citizens to choose Bitcoin…