Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike. In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now hovers near US$2,400, a massive … Read More →
India has one of the largest remittance markets in the world with a total value of close to $70 billion. On every transaction, an average user pays up to 15% in bank charges and conversion fees. Bitcoin provides a solution to India’s underlying problems. The digital currency can be used to move money inexpensively across … Read More →
India’s government is reportedly moving closer to developing regulations around cryptocurrencies. Local news outlet MoneyControl reports that officials with the country’s central bank, as well as its top finance regulators, are finalizing a report which lays out possible approaches for overseeing the tech. Agencies involved in the development reportedly include the Reserve Bank of India … Read More →
A Major Spike: On April 1, 2017, the total market cap for all cryptocurrencies was slightly higher than $25 billion. Roughly two months later, the cap exceeded $100 billion. In just over 60 days, the value of cryptocurrencies surged by 300 percent. So what was the real reason behind this major spike?? The leading cryptocurrency, … Read More →
Earlier in March this year, India’s Ministry of Finance established an interdisciplinary committee that includes a number of authorities including representatives from the central bank – which has issued warnings against the use of bitcoin in the past – to study the legal framework surrounding virtual currencies. Chaired by the Special Secretary of Economic Affairs … Read More →
The legal position of bitcoins is in ‘Grey Zone’ right now. Though under any existing law, Bitcoin is declared as illegal technically which means people can freely trade in bitcoins. However, time and again the Reserve bank of India has issued notifications warning about dealing in various virtual currencies cautiously and at their individual risk … Read More →
Bitcoin is a type of digital or virtual currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoin is totally based on the blockchain technology. So, bitcoin in itself as a technology is not a scam. Â Bitcoin … Read More →
Yesterday the value of Bitcoin Wildly surged to all time high $3,000, continuing the trend of massive demand in the Asian market. The digital currency has had a stellar year, rising by more than 200 percent and easily outperforming stock market benchmarks like the S&P 500 Index and the Nasdaq composite in 2017. The cryptocurrency has now more than … Read More →
Overshadowed by the more illustrious bitcoin, altcoins — alternative cryptocurrencies launched after the success of Bitcoin — traded in a narrow range for a long time. But that changed in 2017 when investors decided that they needed to have a diversified portfolio of digital currencies, sparking a rush for altcoins. The most noticeable rally has … Read More →
Previously, bitcoin had peaked at USD 1,325.81, hours before the US SEC verdict, but later fell below USD 1,000 in March after the rejection, as per the CoinDesk Bitcoin Price Index (BPI). Fueled by increasing global acceptance, the price of bitcoin skyrocketed above USD 1,400 and touched an all-time high of USD 1,463, as per … Read More →