Bitcoin is a virtual currency created from computer code that allows anonymous transactions and its value has soared since it came into being in 2009.
Analysts cited South Korean news agency Yonhap, which reported Choe Heung-sik, governor of the Financial Supervisory Service, as saying that the government will support cryptocurrency trading if “normal transactions” are made.
Buterin is not the first person to give such advice. A similar bugle was sounded by Berkshire Hathaway’s chairman Warren Buffet earlier this year
The US derivatives regulator warned investors on Thursday about cryptocurrency "pump-and-dump" scams that aim to rip off investors by inflating the price of volatile virtual tokens through spreading bogus information.
The firm recorded a record high of 226 global hedge funds with such a strategy, up from 110 global hedge funds as of Oct. 18. That itself was up from 55 funds at Aug. 29 and just 37 at the start of 2017
Citi India in a message to its customers said it has banned usage of its debit and credit cards for purchase or trading of virtual currencies.
The ten traders will file a lawsuit at the Tokyo District Court over Coincheck freezing withdrawals of cryptocurrencies, Hiromu Mochizuki, a lawyer representing the plaintiffs, told Reuters.
“Around USD 72 billion of illegal activity per year involves Bitcoin, which is close to the scale of the US and European markets for illegal drugs,” the paper says
There are organizations and consortiums focused on developing blockchain solutions and the solutions have astounding ramifications for the industry.
According to the complaint, the lack of adequate security on T-Mobile paved way for hackers to transfer his number to another carrier without his consent and steal virtual currency worth thousands of dollars
The largest cryptocurrency in the world opened at around USD 7,054 and had hit an intra-day high of USD 7,850.70 according to coinmarketcap.com.
In December, the income tax department issued few lakh notices to those who had invested in virtual currencies and had also conducted pan-India survey at their exchanges
The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year.
On the Luxembourg-based Bitstamp exchange, bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked a fall of more than half from a peak of almost $20,000 hit in December.
On December 18, Bitcoin had reached a record high of $19,511 and experts predicted that it would cross $20,000. However, it lost more than half of its value since then.
In last seven days, the currency has dropped by 26 percent. On January 29, Bitcoin was trading at USD 11,300 level which is now at USD 8,200 level
Subhash Chandra Garg, secretary, department of economic affairs tells Moneycontrol in an interview that the group on crypto assets under his chairmanship will submit its report in the next two months covering the entire spectrum. Excerpts:
Digital currencies like bitcoin, which are created and maintained by their users, have taken the investment world by storm
The most famous among all, bitcoin has been seeing a huge traction lately even as its prices have been extremely volatile, surging to close to USD 20,000 per unit a few weeks ago but only to fall below USD 10,000 soon after.
The robbery happened on January 22 at the couple's home in the village of Moulsford in southeast England, according to the Daily Mail, which said the cryptocurrency crime was the first of its kind.
As an ex-banker, Sahoo said he is questioning nationalisation of banks that took place in the early 1990s as the "purpose of nationalisation of banks is not to finance big borrowers at he cost of smaller ones".
McAfee expressed his confidence in Bitcoin and said that it will be back in a month from whatever low it gets
The company added that the people who already own cryptocurrencies will not be forced to sell them though they are recommended to do so
The exchanges which are facing the action are the top ten such platforms in the country and include Zebpay, Unocoin, CoinSecure and BtcxIndia
The twins invested reportedly about $11 million in purchasing Bitcoins way back in 2012