Businessman and actor Shilpa Shetty's husband Raj Kundra has come under the scanner of the Enforcement Directorate (ED) in connection with the Rs 2,000 crore GainBitcoin case. Kundra is presently being questioned in Mumbai. The bitcoin scam came to the light...
With the arrest of Amit Bhardwaj, several new bitcoin-based ponzi scams are coming to light. Cyber cell of Delhi Police has arrested founders of bits2btc Kamal Singh and Vijay Kumar for duping 2,500 people for over Rs 100 crore....
In the fast-changing world, one has to be fast enough to walk hand in hand with changes to stay relevant in the world. It is as much applicable to men as it is to next generation children of the...
Following the RBI guidelines to stop dealing in cryptocurrencies, the traders may go one step ahead to challenge the central bank before the Supreme Court. Meanwhile, these traders have been already running a campaign against RBI to rethink over...
To identify and weed out real problems through use of frontier technology, Indian government think tank NITI Aayog is piloting artificial intelligence-based (AI) solution in the sectors such as agriculture, education and healthcare. Most of the projects that think tank...
In what could be one of the biggest cases of cryptocurrency theft in India, around 438.318 bitcoins worth over Rs 19 crore were siphoned off from bitcoin exchange Coinsecure. The bitcoin exchange has lodged an FIR with Delhi Cyber Cell....
The blockchain is hot. Everyone, including a guy who’s remotely attached to the technology world, has been discussing it voraciously. For a majority of enthusiasts, blockchain is all about cryptocurrencies like Bitcoin. However, cryptocurrency is just an example of...
While Indian government doesn't love cryptocurrencies at all, it has a significant interest in the backbone of cryptocurrencies -- blockchain. After announcing IndiaChain, a blockchain-based solution for awarding digital certification of educational degrees, the government is eyeing to leverage...
Mumbai-based entrepreneurs Varun Deshpande, Ratnesh Ray and Siddharth Verma, have launched crypto banking platform Nuo Bank. The virtual bank will help users store savings in crypto format on a blockchain, and get them virtual share in the revenue of the...
After Facebook and Google banned ads related to virtual currencies on their platforms, micro blogging site Twitter is preparing to prohibit ads for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally. According to Sky News, the new advertisement...
When regulating bodies around the world are struggling to make a regulatory framework for cryptocurrencies, Initial Coin Offerings (ICOs) is gaining ground as a viable alternative to raising investment. Startups globally including in countries such as the US, Europe and...
Peritus.ai, an artificial intelligence (AI)-based platform which assists & automates support fulfilment for engineered IT systems in enterprise data centres, has raised $2 million from Ideaspring Capital and The Hive in a seed funding round. The fresh proceeds will be used to further expand...
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, which on Tuesday gave approval to Unregulated Deposit Schemes Bill, 2018 have tightened regulations around cryptocurrencies like Bitcoin, Litecoin, and others. The statement released by the Finance...
Blockchain is hot globally. Of course, China won’t miss this new wave of the new revolution. On February 9, China’s tech giant NetEase released the testing model of its new blockchain social network app 'Planet'. Within 24 hours, there were...
Peer-to-peer car and bike sharing startup Drivezy, who has enabled cryptocurrency as a payment option on its platform raised $5 million from its first round of initial coin offering (ICO). The Y-Combinator-backed startup saw participation from existing investors and high...
After a massive confusion that followed Arun Jaitley’s statement on cryptocurrencies at the Budget 2018, regulating bodies are finally providing some clarity on the current situation. Economic Affairs Secretary Subhash Garg-led panel is expected to submit its report that will...
Goldman Sachs has once again cautioned investors against the fall in value of cryptocurrencies.   In a report, Goldman’s Steve Strongin said most digital currencies are facing a threat from a small set of future competitors, and investors should prepare...
Being bullish on the use of Blockchain, the Indian government is all set to kick off IndiaChain, a blockchain-based solution, with digital certification of educational degrees in coming months. The government will first start with pilot trials under the NITI...
Finance Minister Arun Jaitley talks on cryptocurrency in his Budget Speech on Thursday has left many confused and dazed. “The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of...
For strengthening the Digital India initiative, the government has doubled the fund allocation in 2018 budget to Rs 3,073 crore for the next financial year. The programme has raised 1,425.63 crores during the last FY-17. The funds will enable many...
In the Union Budget 2018, referring to the startup ecosystem, Finance Minister Arun Jaitley referred said that the government will take additional measure to strengthen startups and angel investment environment for their growth. "Venture capital funds and angel investors need an...
Mukesh Ambani-led Reliance Industry Limited, which is reportedly planning to launch its own cryptocurrency JioCoin under the umbrella of Reliance Jio, has clarified that there are no such apps offered by the company or its affiliates/associates. The company denied reports...
Facebook in a blog post announced that it will ban any ads related to virtual currencies as misleading or deceptive ads have no place on the social networking site. In the post, Rob Leathern, Product Management Director, Facebook said that the...
If you are an investor in cryptocurrency like bitcoin and have made earnings selling the virtual currency then you will have to pay 20 percent advance tax. This means paying tax immediately after the gains rather than waiting for...
After likening cryptocurrencies to ponzi schemes, the Indian government is tightening the noose around cryptocurrency exchanges, a platform for buying and selling cryptocurrencies. The Registrar of Companies (RoC), under the Ministry of Corporate Affairs, has stopped registering cryptocurrency exchanges under...
Indian cryptocurrency traders have spent over Rs 22,000 crore ($3.5 Bn) within a 17- month period. High net-worth individuals (HNI’s) from sectors such as real estate, jewelry, and young tech-savvy investors have been trading cryptocurrencies through several platforms including...
The technology-focused imaging company Kodak, which announced to launch cryptocurrency KODAKCoin for photographers this month, plans to launch the initial coin offering (ICO) of the currency in India in the next couple of years. “India is a big opportunity for...
Reliance Jio seems to be in a mood not to leave any exciting new age business opportunity. The Mukesh Ambani-led group is planning to enter cryptocurrency market with JioCoin. The company reportedly is hiring 50 professionals with an average age...
After Bitcoin and Litecoin, it’s time for Ripple to observe the market boom. The virtual currency, which surpassed $1 for the first time two weeks ago, reached an all-time high of $3.65 Thursday. As the price of XRP, the token...
Global IT security firm Quick Heal's Security Labs has revealed that an Android Banking Trojan is targeting more than 232 mobile banking apps globally, including those offered by Indian banks like SBI, HDFC, ICICI, IDBI, and Axis, among others. Quick...
A week later after cautioning investors from investing in virtual currencies such as Bitcoin and Litecoin, likening them to Ponzi schemes, the government has ruled out any immediate action against cryptocurrencies. Finance Minister Arun Jaitley Tuesday said the government was...
Sounding alarm on the phenomenon of cryptocurrencies, the Indian government once again asked consumers to be alert before investing in virtual currency like Bitcoin and compared it with notorious Ponzi schemes. "The Virtual Currencies (VC) don’t have any intrinsic value...
From riding high to being in focus for wrong reasons in India, Bitcoin has now mobile application dedicated to transacting virtual currencies. Cryptocurrency dealer Pluto Exchange announced the launch of the country's first app-based wallet that enables bitcoin transactions...
The cryptocurrency market received a shocker when Litecoin founder Charlie Lee announced in a Reddit thread that he has liquidated all of his Litecoins. He cited “a conflict of interest” for him to continue buying and selling the cryptocurrency. "Whenever...
After an initial investigation at major bitcoin exchanges, the Income Tax (IT) department has asked bitcoin owners to divulge the details of transactions they did. The taxman issued notices to 4-5 lakh high net worth individuals (HNIs) under the annexure...
After gripping the world's financial markets for its unprecedented surge, the cryptocurrency wave has made Bollywood superstar Amitabh Bachchan and his son Abhishek Bachchan richer by more than a hundred crore. Bachchans, who invested $250,000 (Rs 1.6 crore) as part...
Within a week of surveying nine Bitcoin exchanges, the Income Tax (IT) department is gearing up to send notices to about 5 lakh high net-worth individuals (HNI's) across the country who were engaged in trading Bitcoin. The surveys conducted last...
Blockchain, a backbone technology that allows digital currency Bitcoin to function, has announced the introduction of Bitcoin Cash to consumers in India. "We’re supporting Bitcoin Cash with full functionality through the same web wallet. Customers who had bitcoin in their...
To protect Indian investors from unlawful promises, market watchdog SEBI said it will take action against unlawful initial coin offers seeking public investment schemes with the promise of high returns from Bitcoin and other such currencies. SEBI is not keen...
Information technology service provider Tech Mahindra is putting the use of blockchain technology for a completely different purpose -- vehicle registration. Using the technology, the dealer can issue registration certificate and number for a vehicle, which will save the...
The world’s largest cryptocurrency trader South Korea has banned its financial institutions in dealing with virtual currency such as bitcoin, litecoin, IOTA and others. Post the announcement, investors will not be able to buy, possess and hold virtual currency as...
Mumbai-based Koinex, a multi-cryptocurrency exchange and trading platform, has raised an undisclosed amount in its pre-Series-A funding round from US-based Pantera Capital and Singapore-based Beenext. The startup plans to deploy the fresh proceeds towards scaling its technology infrastructure, further enhancing the...
NiceHash, a cryptocurrency mining market, has become a victim of hackers, who wiped out its Bitcoin wallet causing loss of over $60 million. The loss is about 4,736.42 Bitcoins, worth more than $60 million, said a report of Coindesk. The marketplace...
If you would have invested one lakh rupees in bitcoin seven years ago, it would have worth more than 100 crore rupees today. Its extraordinary gains in short periods are drawing people towards the digital currency. In fact, the cryptocurrency is...
Virtual currency bitcoin is soaring not only on major exchanges in the world but on celebrity conversation table. The pop music superstar Katy Perry posted a photo of her for 68 million Instagram followers of her face to face meeting...
Cryptocurrency Bitcoin has been in news lately not only for its soaring valuation, it hogged the limelight when a former intern at SpaceX made a startling claim that SpaceX and Tesla founder Elon Musk could be Bitcoin's founder Satoshi...
Mumbai-headquartered Coinome, a cryptocurrency exchange platform owned by online payments solutions company BillDesk, has been launched in India. Operated by Hatio Innovations Pvt. Ltd, Coinome operates a crypto-currency exchange and is the first crypto platform in India to allow users...
In a major push to cryptocurrency, SBI (State Bank of India) plans to roll out beta launches of blockchain-enabled smart contracts by next month. Blockchain-enabled KYC (Know Your Customer) will soon follow the suit. These applications are part of BankChain,...
  In order to boost ease of doing business and agriculture economy of the country, NITI Aayog is building IndiaChain, a blockchain network. IndiaChain will be linked to IndiaStack, a set of code developed around India's unique identity project Aadhar. Once...
"Digital currency is only fit for use by drug dealers, murderers and people living in places such as Venezuela, Ecuador and North Korea,” said Jamie Dimon, chairman, president and chief executive office of JP Morgan. He was speaking at a...

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