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 →
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 →
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 →
The Indian cryptocurrency community is eagerly awaiting for a response from the government’s inter-ministerial committee regarding the legality of Bitcoin and other virtual currencies in the country. The government, press and legal experts have been discussing the possible outcomes and what it could mean to the country’s cryptocurrency ecosystem. Some have mentioned that the committee … Read More →
The path forward for bitcoin prices isn’t clear, market analysts say. While some described the market to CoinDesk as bearish overall, other observers offered a more optimistic stance about the prospects for future price developments. Their input comes as bitcoin prices have largely traded rangebound in the last few days, fluctuating between $1,010 and $1,060, … Read More →
Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique … Read More →
1.Introduction to Cryptocurrency: Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies which uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a bank. It is a digital asset that works as a medium of exchange by using cryptography to secure … Read More →