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Indian crypto exchanges WazirX, CoinDCX crash; Twitter weeps over losses

Read more about Indian crypto exchanges WazirX, CoinDCX crash; Twitter weeps over losses on Business Standard. This is the second instance of Mumbai-based WazirX s server crashing this month, and the third since April ....

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Bitcoin Price in India: Bitcoin trades in India surge four times

Synopsis
Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option.
(Representative image)
(This story originally appeared in
on Feb 10, 2021)CHENNAI: Indian cryptocurrency exchange and trading platforms have seen a 4x surge in the number of deposit requests. The rise came within 24 hours of Tesla’s announcement of buying Bitcoin worth $1.5 billion and that it may accept the cryptocurrency as a payment option.
Nischal Shetty, founder of Mumbai-based WazirX, a Bitcoin and cryptocurrency exchange and platform, said, “We saw transactions go up 300% after Tesla’s announcement.” Shetty tweeted “INR (rupee) deposit credit is delayed on WazirX. We’re getting a huge amount of deposit requests every minute. Please have patience, your deposit will be cred ....

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Indian Bitcoin Trading Rallies 4 Times After Tesla's Endorsement, Exchanges Wary About Centre's New Bill

Indian cryptocurrency exchange and trading platforms have seen a four-fold spike in the number of deposit requests. ....

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Cryptocurrency demand soars after Tesla's $1.5B investment in Bitcoin; govt warns virtual currency is like ponzi schemes | Economy News

Highlights
Bitcoin hit an all-time-high after the news.
Bitcoin rallied above $30000 for first time in January.
New Delhi: Ever since the news broke that Tech billionaire Elon Musk s electric vehicle company Tesla has invested $1.5 billion in the Bitcoin cryptocurrency, there has been a sharp increase in recent times in cryptocurrency globally and in India.
Nischal Shetty, founder of Mumbai-based WazirX, a Bitcoin and cryptocurrency exchange and platform tweeted that the exchange has been getting very good response following Tesla s bitcoin investment.
INR deposit credit is delayed on WazirX.
We’re getting a huge amount of deposit requests every minute. Please have patience, your deposit will be credited with some delays. ....

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