As part of the series of Road to GES events, in the run up to the Global Entrepreneurship Summit, NITI Aayog along with Proffer, a blockchain startup founded by graduates of MIT and Harvard, are organising a Blockchain summit and hackathon at IIT Delhi from Nov 10-13, 2017. The objective of the event is to […]
Tag: Bitcoin
India still has conservative stand on Bitcoin and other virtual currencies
Reserve Bank of India, in its Press Release dated February 01, 2017 has advised that it has not given any license/authorization to any entity /company to operate schemes or to deal with Bitcoin or any other virtual currency. As such, any user, holder, investor, trader, etc. dealing with Virtual Currencies will be doing so at […]
Lack Of Regulatory Clarity Holding Back Blockchain: WFE
According to a latest Reuters report, the World Federation of Exchanges (WFE) has cited a lack of regulatory clarity as the main reason limiting the utilization of the blockchain technology for cost reduction purposes in share trading. WFE is the leading governing body for exchanges and has the CME Group, Deutsche Boerse, China Financial Futures Exchange, LCH.Clearnet, Japan […]
Bitcoin Declines; Bitfinex Makes Important Announcements
Four days after we suggested that Bitcoin would add on more gains following the Bitfinex hack, the price rose more than 8 percent to $598. However, a couple of disappointing announcements from Bitfinex is again putting pressure on bitcoin as the bulls are steadily reducing their exposure. Since yesterday, the price has plummeted from $598 […]
Bitcoin Rises Sharply After Bitfinex Hack
Bitcoin markets have shrugged off the Bitfinex hack in which hackers reportedly stole 119,756 bitcoins worth about $70 million at current prices. The exchange has halted all trading activities, as well as temporarily suspended all digital tokens deposits and withdrawals. The market has steadied now, and bitcoin is trading with a bullish bias at $553. Source: TradingView […]
Coinbase: Good News Keeps Flowing In!
California-based Coinbase has announced a couple of positive news in the last two days. One is the company’s expansion to Australia while the other is an update on the Ethereum debate. On July 26, the digital currency wallet provider announced that customers in Australia will now be to buy bitcoin and ether using their credit […]
Coinbase Now Supports Ethereum
California-based digital currency wallet Coinbase has added support for Ethereum to enable users to easily buy, sell, send and receive Ether in their wallets. Ethereum is a decentralized platform for applications, similar to the bitcoin blockchain. Ether is a cryptocurrency, similar to bitcoin. Users interested in trading or exchanging Ether can do so by visiting […]
India Gets First Centre Of Excellence For Blockchain
That India has been left behind in the fintech race cannot be questioned by anyone. However, the nation seems ready to embrace the fintech revolution which involves the blockchain technology and the cryptocurrencies such as bitcoin, litecoin, dogecoin, and others. Bangalore-based leading IT services company Mphasis has unveiled India’s first Centre of Excellence (CoE) for […]
Bitcoin Startup Bitnet To Sell Assets To Rakuten
Japan’s internet giant Rakuten is in talks to buy IP assets of bitcoin payments-processing company Bitnet Technologies Ltd., according to latest report from The Wall Street Journal. Both the companies have refused to give any official word on the development. Bitnet has operations in Payments, Digital Asset Management, Blockchain Consulting, and Cross Border Remittance. Rakuten […]
Bitcoin: The Only Support You Need To Watch!
Many are comparing the action in bitcoin to the action in gold. Often touted as the next safe-haven, bitcoin is now bearing the brunt of the ‘Bremain’ – a fancy term for Britain staying in the European Union. Bitcoin, resultantly, is losing its sheen. We believe that instead of the outcome of the EU referendum, […]