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8 selected articles

Bitcoin: What is bitcoin? A look at the digital currency ...

Bitcoin has a fuzzy history, having been used by hackers to demand ransom and for the purchase of illegal drugs online. But recently it's become more popular with a different crowd: speculative investors.

AP | Nov 29, 2017, 20:28 IST

Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously.

LONDON: One of them is worth over $10,000 and...

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Date: 2017-11-29 14:59:54

These startups are banking on bitcoins - Times of India

Today, there are almost 750 cryptocurrencies with a capitalisation of more than $104 billion. And a small but determined number of startups in India are making early moves in a market that is yet to be recognised by the government.

| Updated: Jun 13, 2017, 14:57 IST

What could have led to the increasing acceptance of bitcoins is the surge in its value.

Founders have come together to draft...

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Date: 2017-09-05 03:22:59

Bitcoin in India: Bitcoin trading in India? Why it's still ...

NEW DELHI: Though it has hit surprising levels this year and few also predicted that the momentum may continue further, trading in bitcoins (which is currently illegal in the country) or any other cryptocurrency is a potential threat.

Despite the fact that Bitcoin started the year at $1,000 per unit in January and by mid-December it rose to $20,000, the government has clarified that it currently...

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Date: 2017-12-22 05:10:17

Related topics : virtual currency exchange bitcoin / digital virtual currency and bitcoins / virtual currency like bitcoin / virtual currency bitcoin / trade bitcoins in india

Bitcoin: RBI reiterates warnings about trading in Bitcoins ...

MUMBAI: Even as Bitcoin + touches new highs fuelling investor interest, the Reserve Bank of India on Tuesday warned the public of the risks of virtual currencies (VCs).

Citing its earlier warnings on the subject, the central bank said, "in the wake of significant spurt in the valuation of many VCs and rapid growth in Initial Coin Offerings (ICOs), RBI reiterates the concerns".

It can be noted...

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Date: 2017-12-05 17:04:32

Related topics : bitcoin digital currency price / bitcoin trading price / bitcoin currency of the future / bitcoin price exchange / bitcoin digital currency exchange

I-T notices to 4-5 lakh individuals trading in bitcoins ...

I-T notices to 4-5 lakh individuals trading in bitcoins across the country

The taxman had conducted surveys at nine such exchanges last week to check instances of tax evasion.

PTI | Dec 19, 2017, 10:34 IST

Highlights

I-T department is set to issue notices to 4 to 5 lakh high networth individuals across the country who were trading in bitcoins on exchanges

Last week, the department had conducted...

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Date: 2017-12-19 06:43:00

Related topics : virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency trading india / virtual currency laws in india / virtual currency in india

Bitcoin: Made a fortune in bitcoins? You may soon be taxed ...

NEW DELHI: The Income Tax (I-T) department is trying to find a way to tax bitcoin transactions, news agency Reuters reported on Wednesday quoting officials. The I-T department's intent may be seen in the light of the surveys it conducted at nine bitcoin exchanges across the country.

Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the Income Tax...

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Date: 2017-12-14 09:27:27

Related topics : virtual currency trading india / bitcoin live news india / virtual global currency / virtual currency in india / virtual currency exchange bitcoin

Your digital money may hold no currency | Delhi News ...

NEW DELHI: Next time you fall for lucrative deals on a digital currency, think twice. This gang of crooks floated a fictitious cryptocurrency, put up a website and duped several people in Delhi and other parts of the country before crime branch got on their trail and arrested a key player. The accused, Narendra Dahiya, hails from Sonipat. Eight other members of the gang have been identified and...

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Date: 2017-12-15 03:13:29

Related topics : bitcoin maximum number of coins / bitcoin live news india / digital currency bitcoin rate / bitcoin digital currency price

Raghuram Rajan: Rise of digital transactions a blip: Rajan ...

CHENNAI: Rise of digital transactions during the demonetization exercise was a blip on the radar, said former RBI governor Raghuram Rajan .

When asked about costs of demonetisation, Rajan said, "Post-demonetisation, electronic transaction volumes reverted back to earlier pre-demonetisation trends. I didn't see any permanent upliftment arising as a result of the exercise," he said, while launching...

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Date: 2017-09-06 04:52:16

Related topics : bitcoin live news india