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Coindelta’s ‘Exit Strategy’ Attracts Severe Criticism from the Industry ! other crypto news

This is a daily round up of important blockchain and crypto news between April 3, 2019 and April 4, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us

1. Breaking! Amit Bhardwaj Gets Bail on Medical Grounds

A person who’s in the loop told , “Amit Bhardwaj has gotten bail on medical grounds. However, he has been ordered to pay, Rs 10 crore as penalty in the next six months and his brother Vivek Bhardwaj has also been directed to pay Rs 1 crore. Every Monday he has to go to Shalimar Baug police station in New Delhi and sign his presence. He has to remain in Delhi for the time being. This fight will go on for a long time now.”  Read more

2. Coindelta’s ‘Exit Strategy’ Attracts Severe Criticism from the Industry

Coindelta announced its closure on 31st of March, right after the Supreme Court adjourned the hearing of RBI vs. Crypto case till July. It was the second exchange to do so after Zebpay, so initially, all ire of the community was around the delay that the government is doing in announcing crypto regulations. The company halted operations same day but gave 30 days to the users for withdrawal of their funds. Read more

3. Over 40 Central Banks Are Considering Blockchain Currencies: Davos Report

More than 40 central banks worldwide are experimenting with blockchain technology, says a new report by the World Economic Forum. “It’s very much the case that several central banks are looking at this,” said Ashley Lannquist, a project lead in blockchain and distributed ledger technology at the World Economic Forum and the primary author of the report. Read more

4. Smart Dubai Endorses Blockchain Platform From Major Local Telecoms Operator

The blockchain platform built by one of the United Arab Emirates’ (UAE) two telecoms operators has received an official endorsement from the government as part of the country’s blockchain integration. Du, formerly known officially as Emirates Integrated Telecommunications Company, created its Blockchain-Platform-as-a-Service (BPaas) to offer cloud-based private blockchain hosting compatible with both Ethereum (ETH) and the Hyperledger Fabric. Read more

5. US Blockchain Firm Partners with Sustainable Construction Firm to Design Data Centers

United States-based Blockchain Holdings Capital Ventures (BHCV) has partnered with SG Blocks, which uses cargo shipping containers in construction to develop its multi-container data centers. The blockchain company, which focuses on real estate, energy and technology companies, will be SG Blocks’ sole partner in designing decentralized data centers. The first prototype is expected to appear in Q4 2019. Read more

Bite-sized News

Only the headlines are enough for these news

  • A16z, Polychain Invest $25 Million in Crypto Payments Startup Celo Read Story.
  • Jamaica Stock Exchange to Launch Live Trading Pilot for Bitcoin and Ethereum Read Story.
  • Elon Musk Tweets “Dogecoin” His Favourite Cryptocurrency Read Story.
  • Former Obama Tech Officer Raises $3.7 Million for Blockchain SaaS Startup  Read Story.

Disclaimer: The news articles cited or sourced are from platforms other than Coin Crunch India. does not endorse nor support views, opinions or conclusions drawn in these articles. is not responsible for or liable for any content, accuracy or quality within these articles. Readers should do their own due diligence before taking any actions related to the content. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information from the articles below.

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