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Coinswitch is an Indian cryptocurrency exchange and trading platform headquartered in Bangalore, Karnataka. [1] Founded in 2017, the platform enables users to trade Virtual Digital Assets (VDAs) with Indian Rupees. In October 2021, Coinswitch secured $260 million in Series C funding, valuing the company at $1.9 billion. [2] [3] [4]
After the 2022 crash in the cryptocurrency market, Bloomberg reported that Tribe Capital remained "bullish" on cryptocurrency companies. [9] In October 2022, leaked documents showed Tribe Capital's first fund had seen a "nearly fivefold return on investment." [6] In April 2023, Tribe was said to be considering a $250 million bid to restart FTX.
news [citation needed] Crypto.com: 2013 Singapore Singapore: cryptocurrency exchange [citation needed] Cryptopia: 2014 New Zealand: Christchurch: cryptocurrency exchange Liquidated in 2019, ongoing investigation [5] Digital Asset Holdings: 2014 United States: New York City: blockchain financial services [citation needed] Gemini: 2015 United ...
In this article, we discuss the 10 best cryptocurrency startups to watch. If you want to skip our detailed analysis of these startups, go directly to the 5 Best Cryptocurrency Startups to Watch.
In May, the crypto startup Auradine announced it had raised $81 million, an attention-grabbing sum for a firm’s first fundraise, especially in a crypto bear market and especially for a company ...
On 29 January 2021, Government of India proposed a bill to ban trading and investments in cryptocurrencies while giving legal power to the RBI for developing CBDC. [39] [40] During the announcement of the 2022 Union budget of India, Nirmala Sitharaman from Ministry of Finance announced the roll out of the Digital Rupee from 2023. [41]
Tribe invests in early-stage startups [22] and uses quantitative data to inform investment decisions. [23] [24] Tribe raised $335 million for its second fund and $394 million for its third fund. [25] As of December 2023, Tribe has approximately $1.6 billion in assets under management, [2] [26] about 20% of which is invested in India. [27]
It is estimated that India could save approximately ₹ 40,000,000,000 (equivalent to ₹ 42 billion or US$490 million in 2023) by reducing the need for physical currency production. [78] The Digital Rupee also aims to lower transaction costs, making both domestic and international money transfers more efficient and accessible.