Indian Business Times - Latest Business News from India

What are NFTs? Why has it created a lot of buzz in the financial markets?

As of this month, cryptocurrency exchange Coinbase and the auction house Sotheby’s, which has been around since 1744, have both announced they are launching NFTs marketplaces.

India is set to become one of the biggest players in the cryptocurrency world!

According to some reports, approximately 15 Crore Indians trade cryptocurrency. This number is rising rapidly at the moment.

CoinDCX becomes India’s first crypto Unicorn

CoinDCX became the country's first crypto unicorn after raising 6.7 billion rs. from investors led by Facebook Inc. co-founder Eduardo Saverin's B Capital Group

Amazon to accept Bitcoin and other popular crypto currencies: Jeff Bezos

According to reports, Amazon plans to accept bitcoin as a form of payment after which the company will add support for other major cryptocurrencies. “Jeff Bezos himself is giving the directive.”

Square to build a Bitcoin’s hardware wallet. How it Works

Apparently, Square has confirmed that it will be creating a new Bitcoin tool. On June 9, Square's hardware lead Jesse Dorogusker announced the company would build a Bitcoin hardware wallet and accompanying services. The aim is to bring the crypto coin into the mainstream. "We are building a hardware wallet and service to make bitcoin

Philippines and Vietnam are considering crypto-friendly legislation, unlike India

Indian Business Times February 25 2025 03

The fate of cryptocurrencies in Asian countries is not solely determined by China and India. As the popularity of digital tokens continues to increase, smaller players such as the Philippines and Vietnam are getting involved. According to the Philippines Stock Exchange (PSE), cryptocurrencies are an asset class they can no longer ignore. The crypto framework would make the existing exchange safer than foreign exchanges, they believe. Meanwhile, Vietnam’s Prime Minister – Pham Minh Chinh – has reportedly asked the country’s central bank to conduct a study of cryptocurrency in order for the government to run a pilot program in 2021 to 2023. During the last year, both of these countries have seen a massive increase in their citizens’ use of cryptocurrencies. According to the results of the Statista Global Consumer Survey they have the highest rate of cryptocurrency use after Nigeria.