This week witness a lot of funding rounds, 14 to be precise for a total amount of around $130 Million. HDM Global was the company which received most funding with $100 Mn, while Bonphul Air Product and Rocketium raised the least funds with $300K funding. Below is a recap of all the funding news that […]
Bonphul Air Products Pvt. Ltd, the company behind oxygen optimizer ‘OxyMax’, recently raised Rs 2 crore (Approx $293,000) in an angel funding round from Atul Gupta, director at computer spare parts firm Rx Infotech, and Saurabh Rastogi, director at packaging and food processing machines manufacturer Karmesh Global Technologies. In a previous round of funding that […]
The Internet and Mobile Association of India( IAMAI) has filed a written petition in the Supreme Court requesting a stay against the RBI’s order to not allow banks to provide services to cryptocurrency trading platforms. IAMAI ‘s president Subho Ray has confirmed the filing of petition though he was not available to comment on the […]
The Goldman Sachs Backed startup Circle has announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain on Tuesday. The company is rolling out a digital version of the U.S dollar with a cryptocurrency pegged to it. Interestingly, Circle is one of the most well-funded […]
Prominent cryptocurrency exchange, Coinbase, in a deal worth more than USD 120 million, announced its significant plan to buy the United States startup that uses blockchain for its paid-email service, Earn.com. Coinbase also appointed Indian-American, Balaji Srinivasan, co-founder and CEO, Earn.com as its first CTO, TechCrunch reported. The rest of the team from Earn.com will also transition over. “With Coinbase’s user base and distribution […]
A woman living in Delhi has apparently lost around Rs 41 lakh from an unidentified hacker. The resident from Mayur Vihar has lodged a theft complaint to the economic offences wing of the Delhi Police. According to reports, the woman first lost bitcoins worth Rs 6.5 lakh to hackers who accessed her bitcoin account. The […]
Reports emerged that twitter will put a ban on ads promoting blockchain tokens and initial coin offerings (ICOs). The news is not yet confirmed but speculations reported that a source close to twitter shared the information anonymously. According to the report, the source did not give additional details as to when the ban will be […]
LOS ANGELES- The Playboy Enterprises Inc, popular as a Playboy magazine announced that the company added an additional service Vice Industry Token (VIT) for online payment. The service will support a number of cryptocurrencies payment across the company’s online media, digital and casual gaming businesses. Playboy.TV will be the first of the company’s media platforms to feature the new […]
Medi360, a cloud-based telehealth solution raises $500000 (3.5 Crore) funding from HITLAB & Unitus seed fund. The startup won the competition held at the Indian Institute of Technology, Delhi. Medi360 integrates electronic medical records with diagnostic devices and prescription capabilities. CEO of Medi360, Kumar Amar Jamdhiar said,“It was a great experience participating in the HITLAB World Cup […]
As per the latest filing by Telegram CEO Pavel Durov with SEC, Telegram’s billion dollar ICO (Initial Coin Offering) has raised its initial $850 million, reaching its first milestone. According to the report, that was submitted on Tuesday, the money is raised for the “development” of TON (Telegram Open Network) Blockchain, “the development and maintenance […]
In a recent interview, the World Bank Group President Jim Yong Kim compared Bitcoins to a “Ponzi Scheme” that once again triggered questions on the legitimacy of the world’s most popular cryptocurrency. “In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of […]
Government has considered regulation of cryptocurrency in budget 2018. In order to regulate cryptocurrencies like Bitcoin, Finance Minister of India, Arun Jaitley said that cryptocurrency is not a legal tender and Indian government will discourage its use. However, the government is open to the ‘blockchain technology’ on which these cryptocurrencies work. The government will also […]