India | ForkLog

ForkLog 5 03.02.2025

India Reconsiders Bitcoin Stance Amid Global Shifts

India is reassessing its stance on digital assets as perceptions shift globally. This was reported by Reuters, citing Ajay Seth, the country’s Secretary of Economic Affairs. According to him, the timeline for publishing the draft document on cryptocurrencies, initially planned for September 2024, has been postponed once again. The reason is the changing positioning of […]

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ForkLog 13 24.01.2025

WazirX to Discuss Compensation with Hack Victims

A Singaporean court has granted the Indian cryptocurrency exchange WazirX the right to organize a meeting with clients affected by the hack in July 2024. This was reported on the platform’s blog. During the online meeting, representatives of Zettai, the Singaporean company operating the exchange, plan to discuss with users a debt restructuring scheme and […]

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ForkLog 22 13.01.2025

Indian crypto exchange Mudrex temporarily suspends crypto withdrawals

Indian crypto exchange Mudrex warned users of a temporary suspension of crypto withdrawals, the company said in a blog post. “To enhance the security of our platform and protect it from bad actors, we have decided to temporarily suspend cryptocurrency withdrawals until 28 January 2025,” Mudrex said. The exchange attributed the move to upgrades needed […]

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ForkLog 7 10.01.2025

Bybit suspends services in India

The cryptocurrency exchange Bybit warned of temporary restrictions for users in India. They take effect on 12 January. According to the notice, clients will be unable to open accounts, trade cryptocurrencies or use other products. The firm said the move reflects its desire to operate “in full compliance with all applicable rules and regulations”. “In […]

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ForkLog 15 11.12.2024

India’s Central Bank Plans Transition to a CBDC-Based Economy

India is set to restructure its economy with a central bank digital currency (CBDC) as its foundation, according to Shaktikanta Das, the outgoing head of the Reserve Bank of India (RBI). The official reviewed the efforts to implement new technologies over the past six years. Initiatives included the establishment of an innovation hub in Bangalore […]

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ForkLog 1 26.11.2024

Orange to Develop Custom AI Models for Africa

French telecommunications giant Orange has partnered with OpenAI and Meta to create custom AI models designed to better understand regional African languages, which are challenging for most conversational systems. This was reported by CNBC. Currently, major startups train algorithms with information from the United States, which can cause models to lose important context from other […]

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ForkLog 11 19.10.2024

Indian National Sentenced to Five Years for $20 Million Coinbase Fraud

Indian citizen Chirag Tomar has been sentenced to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase. Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of […]

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ForkLog 8 03.09.2024

WazirX Hacker Transfers $6.5 Million in ETH to Tornado Cash

The perpetrator behind the breach of the Indian cryptocurrency exchange WazirX has transferred 2600 ETH ($6.5 million) to the mixer Tornado Cash to launder the funds. This was noted by analysts at PeckShield. #PeckShieldAlert #WazirX Exploiter -labeled address has transferred 2600.1 $ETH (worth ~$6.5M) to #Tornadocash within the last 9 hoursOn July 18, India’s #CEX […]

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ForkLog 37 20.08.2024

India Utilises AI to Detect Tuberculosis

A team of researchers in India has begun employing a Google AI model to detect tuberculosis by analysing coughs. This is detailed in a report by Google Research. In March, Google launched Health Acoustic Representations (HeAR) — a bioacoustic model for analysing sounds and detecting early signs of diseases. It is trained on 300 million […]

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ForkLog 30 19.08.2024

Kidnapping Linked to BitConnect Scandal in India

Indian law enforcement arrested a man suspected of kidnapping two employees of the defunct financial pyramid BitConnect and extorting $125 million in cryptocurrencies. According to the investigation, Ahmedabad resident Shailesh Babulal Bhatt fell victim to the fraudulent scheme by purchasing the native coin of the BitConnect project. In an attempt to “recover his investment,” he, […]

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ForkLog 12 15.08.2024

Binance Resumes Operations in India After Paying $2.2 Million Fine

Cryptocurrency exchange Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit (FIU) and has resumed operations in the country. #Binance goes live in India ?? Binance is now registered as a reporting entity with India’s Financial Intelligence Unit, marking our 19th global regulatory milestone! Our website and app are now fully available […]

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ForkLog 8 09.08.2024

WazirX to Reverse Transactions Following $230 Million Breach

The Indian cryptocurrency exchange WazirX will reverse all transactions conducted on its platform following a $230 million hack and the suspension of withdrawals on July 18. ? Important Update: We are actively listening to your feedback and taking decisive action to address your concerns! After careful consideration of the situation and the feedback received from […]

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