Bitcoin | The Asian Age

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Investing in Bitcoin is currently a high risk-high reward proposition, which many fear could destabilise economies.

Bitcoin: Another Ponzi Scheme?

Right from Amitabh Bachchan to Paris Hilton, the crypto-currency fever has spread like wildfire.

02 Jan 2018 12:04 AM

Ukraine kidnappers free bitcoin analyst after $1 mn ransom paid

Lerner’s work at EXMO did not involve access to the financial assets of its users, the company said, adding that the platform was normal..

31 Dec 2017 11:47 AM

Bitcoin surged by more than 900 per cent in value in 2017, which has raised fears of a bubble around countries.

Bitcoins, other virtual currencies like Ponzi schemes: FinMin

It pointed out that people dealing in them must consider these facts and beware of the risks involved in dealing in virtual currencies.

30 Dec 2017 4:42 AM

It pointed out that persons dealing in them must consider these facts and beware of the risks involved in dealing in VCs.

Finance ministry likens cryptocoins to ponzi scheme

Bitcoin has surged by more than 900 per cent in value in 2017, which has raised fears of a bubble around countries.

30 Dec 2017 1:08 AM

Govt makes it clear that VCs are not legal tender and such VCs do not have any regulatory permission or protection in India.

Finance Ministry warns investors against virtual currencies

Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes.

29 Dec 2017 12:38 PM

Bitcoin exchange chief kidnapped in Ukraine

According to the local media reports, Lerner was kidnapped in a Black Mercedes-Benz by a group of men sporting balaclavas.

29 Dec 2017 10:30 AM

Critics have pointed to bitcoin’s design flaws and hacks of digital “wallets” in which bitcoins are kept as an alternative to traditional currencies.

Bitcoin recovers some losses after its worst week since 2013

The digital currency had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as $19,666.

27 Dec 2017 8:17 AM

Bitcoin world’s biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage on Friday to $11,159.93.

Bitcoin rises 10 per cent, recovers from last week's brutal selloff

Bitcoin investors and analysts believe the decline in its value was a natural correction after a heady run-up in prices.

26 Dec 2017 12:50 PM

The price of a bitcoin can unpredictably increase or decrease.

Cryptoworld: Coining a new currency bit by bit

The Bitcoin is digital cash available on the Internet with no intermediary.

25 Dec 2017 6:14 AM

Mining involves “adding value by dedicating computational resources to verify transactions in a huge public ledger called a ‘blockchain’. (Photo: Pixabay)

'Virtual gold' may glitter, but mining it can be really dirty

Bitcoin was created to not only allow secure and anonymous transactions, but for the system to be controlled by users.

24 Dec 2017 12:56 PM

40 percent of bitcoin belongs to just 1,000 people, and hedge funds and other major investors are going to start buying it soon. (Photo: File)

As bitcoin rates fall overnight, experts warn public might suffer blows

After losses over the last few days, the digital currency fell as much as 30 per cent in Asia and website Coinbase suspended trading.

23 Dec 2017 6:08 PM

Bitcoin is known to go through wild swings.

Bitcoin falls 30 percent, posts worst week since 2013

Friday’s fall bled into the US stock market, where shares of companies that have lashed their fortunes to bitcoin or blockchain.

23 Dec 2017 9:24 AM

Bitcoin had soared almost 30-fold since the start of the year.

Bitcoin suffers fresh plunge, losing a third since start of week

Bitcoin dropped to $13,048 briefly from around $16,500 in late trading on Thursday

22 Dec 2017 1:12 PM

India’s central tax authority is also surveying bitcoin exchanges to find out whether it can tax any transactions.

Indian authorities weighing how to regulate cryptocurrencies: SEBI chief

India has no regulation for cryptocurrencies and like other global policymakers, it is seeking to understand how to supervise a market.

21 Dec 2017 8:22 AM

Virtual currencies being in digital form are stored in digital/electronic media that are called electronic wallets.

Cryptocurrencies can no longer be ignored: Sebi

The Sebi chief also said that the regulator is not looking at taking up too many cases for punitive action.

21 Dec 2017 2:09 AM

Researchers said the exchanges were also attacked using fake email accounts.

Multi-stage cyber attacks net North Korea millions in virtual currencies: study

The attackers access the user’s bitcoin wallet either on the computer or on the bitcoin exchange’s server researcher says.

20 Dec 2017 9:17 AM

Some analysts believe it is going to take some time before bitcoin futures take off in a big way.

Second bitcoin futures debut could lure volume to wild market

Bitcoin has drawn attention for its eye-popping price gains, but it is also notoriously volatile.

18 Dec 2017 7:38 AM

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

ED gears up to zoom in on illegal Bitcoin dealers

The rate in India is much higher than in other countries because there is high demand but limited supply.

17 Dec 2017 12:33 AM

Bitcoin has climbed almost 80 percent so far in December alone, putting it on track for its best month in percentage terms since December 2013.

Bitcoin hits new record high as warnings grow louder

A study released on December 15 suggest that bitcoin could pose a threat to the financial stability of traditional currencies and markets.

16 Dec 2017 10:34 AM

Zoobia Shahnaz, 27, used fraudulent credit cards and loans to accumulate USD 85,000, which she attempted to transfer to the terrorist group ISIS before attempting to go to Syria to join it. (Photo: File/Representational)

US: Pakistani-origin woman tries to aid ISIS with Bitcoins, in custody

Shahnaz sent funds to recipients in Pakistan, China and Turkey, prosecutors said.

15 Dec 2017 12:19 PM

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Sanjaya Baru