“It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs,” it said.
The former stock broker allegedly promised people a 10 percent monthly return on the purchase price of one bitcoin for the next 18 months. This is would mean doubling of their money in a year and a half
Virtual Currencies (VCs), also variously referred to as crypto currencies and crypto assets, "raise concerns of consumer protection, market integrity and money laundering, among others”, RBI said in a statement.
The world’s most valuable cryptocurrency opened the first quarter at $14,112 and closed it at $6,973, reaching a quarter high of $16,537 on January 8
Ethereum dropped over 11 percent and Ripple slumped by over 10 percent in last 24 hours and the digital currencies trading at USD 464 and USD 0.57 at the time of reporting
The documents talk about a data source which provide the agency with ‘MAC addresses, password hash history, provider users and user sessions’
The CRIX – a Cryptocurrency index for blockchain-based currencies - that tracks 20 cryptocurrencies has slumped over 60% since the first such ban by Facebook came into force on January 30, 2018.
The city’s two cryptocurrency mining facilities are being allegedly held responsible for this.
In its short nine years of existence, bitcoin has seen numerous instances of massive slides eroding investor's money and they coming back to an all time high
The ban will come into effect as Google revises its financial services policy to restrict the advertisement of Contracts for Difference, rolling spot forex, and financial spread betting
The former NSA expert said that North Korea was obtaining digital currencies either by mining or hacking
Don Tapscott feels blockchain is the “second era of the Internet.
The family of Dave Kleiman filed their lawsuit in federal court in Florida against Australian Craig Wright, who claimed in 2016 he was Satoshi Nakamoto. Kleiman's family alleges that the two men jointly owned roughly 1.1 million bitcoins and a company.
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