Tag: India

Indian Railways to Launch NFT Tickets for MahaKumbh Pilgrimage

The Indian Railways will implement blockchain for NFT tickets in collaboration with Chaincode Consulting, on the upcoming MahaKumbh Mela to be held in Prayagraj, Uttar Pradesh. This is one of the sacred Hindu events which happens every 12 years, and in the year 2025, it will attract over 450 million devotees.

Announced on January 13 via X, the collaboration with IRCTC will utilize the Polygon blockchain in developing NFTs-an affordable and ecologically viable blockchain for scaling. These NFTs would be available on the NFTtrace platform, which improves traceability in tickets and thus ensures safety in travel.

YOU MIGHT ALSO LIKE: MicroStrategy Adds 2,530 BTC, Reaches 450,000 Bitcoin Milestone

It stitches real-world assets with blockchain technology, taking the experience for over 1.2 million daily passengers using IRCTC to a whole new level. The NFT tickets would be not just special souvenirs for the passengers but can also be publicly verified on blockchain by authorities or the general public.

YOU MIGHT ALSO LIKE: Ripple and MoonPay Donate $50K RLUSD to Support LA Firefighters

The 2025 MahaKumbh promises to be an international spectacle, with celebrity appearances by Richard Gere, David Lynch, and the Dalai Lama. Indeed, a very progressive initiative that will raise the stakes for India in mingling its rich tradition with cutting-edge technology-a promising future for NFT and crypto adoption.

Hyderabad Women Are Taking Over India’s Crypto Game

Summary: Who says crypto is only for men? Hyderabad’s women are straight-up slaying in the crypto world, making up 45% of the city’s investors. According to CoinSwitch’s “How India Invests in Crypto 2024” report, they’re leading the charge in a space that’s been mostly dominated by men and it’s a total vibe shift for India’s investment scene.

Crypto Queens of Hyderabad

While the rest of India still has women at just 11% of crypto investors, Hyderabad’s got a whole different energy. Women here are owning nearly half of the crypto game, showing the rest of the country how it’s done. Out of all Indian cities, Hyderabad ranks fourth for total crypto investments, with a solid 5.1% share. It’s trailing only Delhi NCR (20.1%), Bengaluru (9.1%), and Mumbai (6.5%)but clearly making its mark.

READ MORE : Bitget & TRON Lock in $10M Deal to Level Up Blockchain

Smart Moves, Smarter Investors

Hyderabad’s investors know what’s up. Around 42% are all-in on large-cap cryptos, 26% are vibing with mid-caps, and 4% are rolling the dice on small-cap coins. The rest? They’re playing it cool with 28% in blue-chip assets. Women aren’t just dipping their toes in they’re making big moves, showing the world they’re just as savvy (if not more) than their male counterparts.

YOU MIGHT ALSO LIKE: Bitcoin Falls Below $100K After Powell Dismisses BTC Reserve Proposal


Tradition Meets Tech

Hyderabad, with its rich history and modern tech vibes, is the perfect mix of old-school charm and new-age hustle. The city’s pro-crypto stance shows that you can honor your roots while embracing the future and women here are leading that charge like total bosses.

ITAT Rules Crypto as Capital Assets – What It Means for Indian Investors

Summary: India’s Income Tax Appellate Tribunal (ITAT) just dropped a bombshell ruling, clarifying how crypto gains will be taxed especially for transactions that happened before April 2022.

Capital Gains, Not Extra Income

The ITAT has officially labeled cryptocurrencies like Bitcoin and Ethereum as capital assets. Translation? Profits made from selling crypto before April 2022 will be taxed as capital gains, not as income from other sources.

YOU MIGHT ALSO LIKE: Fake Uber Driver Busted for Swiping $300K in Crypto

For long-term HODLers who’ve held their crypto for over three years, profits will fall under long-term capital gains (LTCG), meaning a lower tax burden. For instance, if you bought Bitcoin for Rs 5.05 lakh in 2015 and sold it for Rs 6.69 crore in 2020 yep, that massive profit is LTCG and taxed at favorable rates.

Post-April 2022 – The Game Changed

Here’s where it gets spicy: after April 2022, profits from crypto are taxed at a brutal flat 30% rate, regardless of how long you’ve held. So, those big gains? Uncle Sam (or, in this case, India’s taxman) will take his cut.

YOU MIGHT ALSO LIKE: Nigeria cracks down on crypto romance scams, arrests nearly 800 scammers

This ruling gives much-needed clarity to Indian crypto investors navigating the tax maze. Pro tip: Keep those transaction records spotless tax season just got real.

Jetking Stock Skyrockets 30% After Betting Big on Bitcoin

Summary: Jetking Infotrain which is one of the oldest and OG Indian IT training company has now made headlines by adding and integrating Bitcoin as a treasury asset. This has made the company the first Indian company to adopt Bitcoin. This bold and progressive move has send its stock through the roof and it surged by 30% hitting a five year high.

Jetking Goes All In on Bitcoin

Jetking Infotrain, founded way back in 1947, just flipped the script on Indian tech by scooping up 12 Bitcoins worth $1.2 million. While that’s a small buy compared to big players, it’s still a major flex, making up 26% of their $4.5 million market cap. After the announcement, Jetking’s stock popped off, shooting up 30%.

YOU MIGHT ALSO LIKE: Polygon Unveils $1B Push to Supercharge DeFi Ecosystem


Known for training over 700,000 tech pros in everything from networking to cloud computing, Jetking is now hopping on the crypto bandwagon, joining global tech giants like Tesla and MicroStrategy. For a company with annual sales of just $2 million, this Bitcoin bet is getting people to sit up and take notice.



What’s the Catch?

While Jetking’s move is a vibe, replicating it might be tricky for other Indian companies. Crypto policies in India are still strict, with a hefty 30% tax on gains and plenty of regulatory red tape. Compare that to the U.S., where Bitcoin adoption among companies is practically trending, and you’ll see why Jetking’s decision is both bold and risky.

YOU MIGHT ALSO LIKE: VIRTUAL Soars 28% in a Day Amid Rising AI Agent Hype


For now, Jetking’s gamble is paying off, showing the power of mixing old-school legacy with new-age innovation.

ED Seizes ₹12.5 Crore in HPZ Crypto Token Scam Crackdown in India

India’s ED seized ₹12.5 crore in the HPZ Token crypto scam, where investors were duped with fake promises of high returns through a shady app. The scam, now totaling ₹615.90 crore, lured people with small gains before trapping them for bigger investments. Raids hit four cities under the PMLA crackdown.

India’s Enforcement Directorate (ED) just pulled off a major move in the HPZ Token crypto scam, seizing ₹12.5 crore in assets after raiding four cities—Delhi, Gurugram, Thane, and Navi Mumbai. This brings the total amount recovered in this scam to a whopping ₹615.90 crore.

So, what’s the deal with this HPZ Token? Well, it’s a classic case of “too good to be true.” It was easily one of those shady group launching a crypto app and luring hundreds of investors with promises of insane returns—like ₹4,000 a day on a ₹57,000 investment for three months. Initially they even paid out small amounts to build trust, but it was all a setup to trap people into pouring in more money.

The ED stepped in after an FIR was filed in Nagaland, and the Dimapur sub-zonal office took charge of the investigation under the Prevention of Money Laundering Act (PMLA). On December 5, the agency raided 11 locations, freezing bank accounts, fixed deposits, and mutual funds linked to the accused group.

This is one of the biggest crackdowns in India’s fight against crypto fraud. The ED is on a mission to track down every penny of the stolen money and make sure the scammers face justice.

The takeaway? Always double-check any investment that promises sky-high returns—it’s probably a trap. The crypto world is exciting, but scams like this are a reminder to stay alert and informed.

Also Read: Pi Network Urges Users to Take Charge as KYC Validators

Exit mobile version