Cryptojacking Attack Hits Government Sites In India

Crime, News | September 17, 2018 By:

Government websites in India are being used by hackers to mine for cryptocurrencies, according to the Economic Times (ET).

Citing new research from cybersecurity analysts, ET reported that several high-traffic websites of the Indian government, including those of the director of the municipal administration of Andhra Pradesh (AP),


Blockchain Explored By ICICI Prudential Life Insurance For Claim Settlement

News | September 17, 2018 By:

India-based life insurance firm ICICI Prudential Life is planning to use blockchain technology for faster claims settlement.

ICICI Prudential Life is an insurance company promoted by the ICICI Bank Limited and Prudential Corporation Holdings Limited. The company began its operations in 2001 and has consistently been among the top players in the Indian life insurance sector.


India Approves Blockchain Research By BRICS Member Banks

Blockchain, News | September 13, 2018 By:

India’s Union Cabinet, the supreme decision-making body in the country led Prime Minister Narendra Modi, has approved a memorandum of understanding (MoU) on a joint research on distributed ledger and blockchain technology.

Earlier this week, the decision-making body announced that it would allow the Export-Import Bank of India (Exim Bank) and banks from other BRICS member states –


TransferGo Now Offering Blockchain Remittance Services For India-Europe Corridor

Announcements, Blockchain, News | September 5, 2018 By:

London-based remittance firm TransferGo has begun processing blockchain-enabled money transfers between India and Europe.

Launched in 2012, TransferGo is a digital remittance solution for migrant workers that uses a digital account-to-account business model, which means that money transfers do not have to leave the country as funds are paid in and out locally.


India’s Securities Regulator Conducts Global Study Tours On Cryptocurrencies And ICOs

News, Regulation | September 4, 2018 By:

The Securities and Exchange Board of India (SEBI) has collaborated with regulators in Japan, the UK, and Switzerland to study cryptocurrency and initial coin offerings (ICO).

In its 2017-18 annual report, SEBI revealed that it sent officials to three countries to study how international regulators deal with cryptocurrencies and gain deeper understanding of their systems and mechanisms.


Microsoft, Tech Mahindra Partner To Fight Spam Calls In India Using Blockchain

Blockchain, Innovation, News | August 27, 2018 By:

Tech giant Microsoft and Indian IT giant Tech Mahindra have partnered to build a blockchain solution to curb pesky calls and SMS as recommended by the Telecom Regulatory Authority of India (TRAI).

In May of this year, TRAI published draft norms that proposed using blockchain technology to ensure that telemarketing messages are sent only to subscribers.