Tag Archive: india

  • Bitcoin, News, News teaser

    Police in New Delhi Arrest Gang Robbing Bitcoin Buyers

    A group of six individuals in New Delhi, India, have been arrested by the police for robbing people that they had convinced were buying Bitcoin with actual cash. Just when you think it’s safe to buy Bitcoin and other digital currencies, you hear horror stories about being robbed in some sort of online scam or Ponzi scheme. The decentralized nature of cryptocurrency means that those looking to get involved in it must do their due

    · October 1, 2017 · 10:00 pm
  • EY to Host 3 Day Blockchain Hackathon in India Blockchain Technology, News, News teaser

    EY to Host 3 Day Blockchain Hackathon in India

    EY is hosting its first Hackathon in Mumbai on July 28, 2017. The three-day event will focus on creating prototypes and finding solutions using the blockchain ecosystem. Following in the footsteps of tech giants such as Microsoft and IBM, EY now plans to hold such blockchain centric events in various offices across the world. Meanwhile, India is seeing a rising number of blockchain Hackathon events which further validates the veracity of the ‘blockchain revolution’. What

    · July 28, 2017 · 11:30 am
  • India's Bitcoin Industry Makes The Case For Self Regulation Blockchain Technology, Emerging Markets, News, News teaser

    Indian Insurance Company Deploys Blockchain Tech to Speed Up Claims Process

    The Indian insurance company, Bajaj Allianz General has announced that it will use blockchain technology to speed up the process of claims in the travel and motor divisions. Blockchain for Insurance Bajaj Allianz General Insurance officially announced on July 7th that it will be integrating blockchain technology with some of its insurance products. The implementation of this technology into its operations will effectively help speed up the process of claims. This new measure will also help save man hours, reduce claim times,

    · July 9, 2017 · 8:30 pm
  • India to Tax Bitcoin the Same as Gold Bitcoin, News, News teaser

    India: ‘Relaxed’ Gold Rules Could Have ‘War On Cash’ Effect

    Gold is the latest store of value to come under scrutiny in India as authorities move to increase “transparency” in imports and trading. Gold Tax Cut But Tracking Stepped Up As multiple resources reported last week, Indian authorities are in the process of bringing in a raft of measures aimed at facilitating better monitoring of the precious metal with the country’s borders. A previous 10% import tax has been duly cut to 3%, while plans are

    · June 26, 2017 · 4:00 pm
  • Improving Public Services Through Blockchain Technology Blockchain Technology, FinTech, News, Services

    Improving Public Services Through Blockchain Technology

    Idealists have labored on and on about the thousands of potential uses for blockchain services since its inception. As a host of blockchain-based projects and services continue to emerge, we are finally beginning to see the fruits of that labor. Speeding up Administrative Congestion The technology under the hood, known as a blockchain, is being tested more and more to see how it can change different services around the world. From currencies to record keeping,

    · June 25, 2017 · 9:30 pm
  • Bitcoin, Bitcoin Regulation, News, News teaser

    India Could ‘Legalize’ Bitcoin Next As Public Calls for Regulation

    India could legalize Bitcoin in the near future as feedback from citizens and businesses appears to be in support of regulating virtual currencies. India’s Gov’t Asks Public About Virtual Currencies The online comments section, which is to run for 10 days, has already received nearly 4,000 submissions since it was launched on May 21st. The areas polled are: whether Virtual Currencies (VCs) should be banned, regulated or observed? In case VCs are suggested to be regulated, then what

    · May 31, 2017 · 10:00 am
  • Poloniex Bitcoin, Bitcoin Businesses, Bitcoin Exchange, Emerging Markets, News, News teaser

    Bitcoin Boom: Poloniex, Bitstamp Stretched Thin Amid 600% User Surge

    Bitstamp and Poloniex have reported a surge in new users as cryptocurrency prices and press coverage pique mainstream interest. Poloniex: Users Up 600%, Transactions 640% in 4 Months Poloniex, commonly considered the go-to resource for crypto-to-crypto trading, released data showing a 600% increase in user numbers, while first-time traders caused Bitstamp to warn about delays to support response times. “As digital currencies continue to gain in popularity, the increase in the number of new traders

    · May 17, 2017 · 4:00 pm
  • India Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Regulation, News, News teaser

    Bitcoin is Booming in India as ‘Digital Gold’ Among Other Underlying Benefits

    Bitcoin is gaining a lot traction in India. Bitcoinist spoke with Sunny Ray, co-founder of India’s Bitcoin exchange UnoCoin, to better understand what is fueling this growing trend in the country. Bitcoin Goes Mainstream in India Bitcoin is going places. After conquering China and catapulting it to the front line of Bitcoin’s trading and mining sector, it is now starting to get traction in other countries like Japan and South Korea. Now, Bitcoin is also showing signs of a

    · April 17, 2017 · 8:30 am
  • Bitcoin, Bitcoin Regulation, News, News teaser, Start-Ups

    India: Zebpay Refutes Reports Minister Said Bitcoin is Illegal

    India is the scene of conflicting reports over Bitcoin’s legality following suspicious statements from the government. Minister: Virtual Currencies Lack ‘Regulatory Approval’ On Tuesday, Minister of State for Finance Arjun Ram Meghwal said that use of virtual currencies “could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism laws.” On the creation of virtual currencies, the bank spokesman added that “No regulatory approval, registration or authorization is stated to

    · March 29, 2017 · 2:30 pm
  • Buy Bitcoin Investment, Bitcoin Price, News, News teaser, Op-Ed

    Three Reasons Why Bitcoin is an Epic Buy Right Now

    Looks like the global Bitcoin community needs a pep talk. Are you down in the dumps, following a drop in Bitcoin value over the last week? Cheer up, buttercup! Here are three reasons why Bitcoin is an epic buy right now. [Note: This article is an op-ed] Why The Doubt? Call me a Bitcoin optimist, or even a fanboi. Maybe my glass is always half full when it comes to “The Future of Money,” but this

    · January 12, 2017 · 12:00 pm
  • SIMS Bitcoin, Bitcoin Acceptance, Bitcoin Investment, Bitcoin Price, News, News teaser

    Bitcoin is Soaring to $1,000: Why This Time, It’s Different

    Bitcoin’s amazing rise continues to break records, setting an all-time high market cap and reaching for the highest price since 2013. However, this familiar bull-run is different from the one experienced 3 years ago. Here’s why… ‘This Time, It’s Different’ One of the most basic and well-known premises of technical analysis trading is that history tends to repeat itself or as Sir John Templeton said: “The four most dangerous words in investing are: ‘this time,

    · December 30, 2016 · 11:00 am
  • rupee Bitcoin, Emerging Markets, News, News teaser

    India Will Now Jail Junked Rupee Holders for 4 Years

    As the deadline for handing in India’s decommissioned 500 and 1,000 rupee notes arrives, the government has signed a law jailing those who continue holding them. 4 Years’ Jail for Possessing Worthless Rupee Notes The Indian Cabinet has cleared a so-called ordinance, transferring liability to consumers and away from banks and authorities after a final cut-off point of March 31. Consumers could thereafter land themselves in jail for four years. Regular consumers only have until tomorrow

    · December 29, 2016 · 8:30 am
  • Demand Bitcoin, Bitcoin Businesses, Bitcoin Investment, Bitcoin Price, News, News teaser

    3 Reasons Bitcoin Demand Reached All-Time High in November

    A special set of very unique circumstances has moved the global mainstream closer to Bitcoin than ever before. So let’s recap what has been driving Bitcoin demand, making it the hottest investment of 2016. 3 Reasons Bitcoin Demand Hit All-Time High 2016 has been a very strong year for Bitcoin, from the halving going off without a hitch to the introduction of Segregated Witness, to the almost doubling of Bitcoin’s value in the marketplace. In fact, its trading volume

    · December 20, 2016 · 2:30 am
  • Global Bitcoin, Bitcoin Exchange, Bitcoin Investment, Bitcoin Price

    Bitcoin Global Price Spikes as China Market Hits $800 Per BTC

    Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction. Bitcoin Hits Highest Price Since 2014 As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday. According to the Coindesk Bitcoin Price Index, Bitcoin reached a global

    · December 13, 2016 · 8:00 am
  • Volume Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Technology, News, News teaser

    BitPay: Volume Up 1800% as Affiliate Networks Embraced Bitcoin in 2016

    BitPay has revealed that its Bitcoin payouts volume has skyrocketed 1800% between 2015 and 2016 as the cryptocurrency makes inroads with third world businesses and the financially oppressed. [Editor’s note: The 1800% volume increase actually refers to bitcoin payouts, which the original article didn’t specify. It has been updated accordingly.] ‘An Exciting Alternative’ The unbanked and underbanked around the globe are quickly embracing Bitcoin, according to Sonny Singh, CCO at BitPay, an Atlanta-based Bitcoin payment processor. Bitcoin

    · December 13, 2016 · 5:30 am
  • Record Bitcoin, Companies, News, News teaser

    India: ‘Record’ Bitcoin Trading, Users in Surging Market

    India’s Bitcoin surge continues with exchanges reporting record trading and new user numbers for November and December. ‘Another Record Month’ for Indian Exchanges India’s Unocoin exchange announced the record figures on its Twitter page late last week, while also releasing an all-in-one trading app to capitalize on the boom. November was yet another record month for @Unocoin in terms of number of new users and total #bitcoin trade volume. #IndiaBitcoin — Unocoin (@Unocoin) December 8,

    · December 12, 2016 · 2:10 am
  • biometric FinTech, News, News teaser

    War on Privacy: India Wants 400M Biometric Payments a Day

    India is touting biometric security as the next step in payments, shunning cash and cards in a bid to make the economy secure and free of corruption. Also read: SAXO BANK PREDICTS ‘OUTRAGEOUS’ BITCOIN PRICE OF $2,100 NEXT YEAR India Gov’t: Biometrics Future Of Payments The Unique Identification Authority of India (UIDAI), which is working on issuing every Indian citizen with a 12-digit ID called Aadhaar, should form the basis for transactions together with mobile-based

    · December 7, 2016 · 10:00 am
  • Years Bitcoin, Bitcoin Acceptance, Bitcoin Investment, Bitcoin Price, News, News teaser, Op-Ed

    Why Bitcoin Price Will See Huge Gains For The Next 10 Years

    [Editor’s Note: The following article is an op-ed.] This article is for general consumption, but I’m primarily intending this for all of the Bitcoin haters out there. The trolls of Bitcoin. The people who run around the Internet, mistakenly calling Bitcoin a “scam.’’ a “pyramid scheme,“ or a “Ponzi scheme.”  The ones who have successfully ignored all that Bitcoin has accomplished over the last eight years, and are ignorant enough to actually think Bitcoin is

    · December 5, 2016 · 11:00 am
  • Bitcoin Price Bitcoin, Bitcoin Price

    Onward and Upward: Bulls Still Charging as Bitcoin Price Touches $750

    The bitcoin price is approaching the highs it hit in June, sitting around the $744 USD mark at press time. Will it break through 2016’s previous record? Also read: New $1.2 Million Grant Seeks Bitcoin Protocol Diversity On Chinese markets like BTCC and Huobi, the dollar-equivalent is over $10 higher than the USD markets, suggesting that country is once again driving bitcoin value. The bull run has stumbled a few times on the way to

    · November 19, 2016 · 5:00 am
  • bitcoin price Bitcoin, Bitcoin Price

    Bitcoin Price Surges, Trades at Nearly $730

    The bitcoin price has jumped since our last price piece and once again, Asia is the continent to “blame.” After a massive recoil down to $704 (the price had hit $740 just a few days prior) our favourite digital currency is back on its heels and striking the $727 chord. Also read: Bitcoin Price Activity Hints at Pending Growth in Stability One source described the action in detail: “The bitcoin price made significant gains in a

    · November 16, 2016 · 3:15 pm
  • Bitcoin India Bitcoin, Bitcoin Businesses, Bitcoin Price

    How India May Cause a Massive Rise in the Bitcoin Price

    Bitcoin has risen seven dollars since our last price piece. Presently, the coin is hovering around $618, and Bitcoin enthusiasts are likely feeling impressed right about now. More good news may be on the horizon, as Bitcoin activity in India has ramped up considerably.  Also read: Bitcoin Price: Billionaire Bill Gross Prefers BTC Over Central Banking India the Source of Bitcoin’s Next Big Rally? Recently, funding records set by Indian bitcoin conglomerate UnoCoin launched the

    · October 10, 2016 · 12:36 pm
  • Bitcoin Industry Report Bitcoin, Blockchain Technology

    Industry Report: Deutsche Bank Bailout Unlikely

    Deutsche Bank isn’t likely to receive a bailout, UnoCoin sets a new funding record, and Velocity invites you to try “simple” smart contracts. Want to catch up on your latest tech and digital currency news? Read the stories below. Also read: Industry Report: Authorities Warn Against OneCoin, Likely Scam DEUTSCHE BANK Deutsche Bank is on the edge of financial crisis. Currently facing a $14 billion USD fine from the U.S. Department of Justice, German legislators

    · October 4, 2016 · 2:18 pm
  • Bitcoin, Bitcoin Businesses, Start-Ups

    Indian Bitcoin Startup Unocoin Holds Record-Setting Fundraiser

    BANGALORE, India – Unocoin, a Bangalore based Bitcoin startup, has raised $1.5 million USD in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history. Also read: The War on Bitcoin Has Only Just Begun With Mike Hearn Leaving Unocoin Gets a Boost from Big Players Like DCG Funding was sourced from well-known Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures, along with prominent international investors such

    · October 1, 2016 · 1:26 pm