Thursday, May 22, 2025 | 07:34 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch
What is Bitcoin

Bitcoin

About Bitcoin

What is Bitcoin

A type of cryptocurrency, Bitcoin is a digital currency created in January 2009 following the housing market crash. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralised authority, unlike government-issued currencies. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Balances of Bitcoin tokens are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption
...
Read More

Latest Updates on Bitcoin

Crypto industry once saw Trump as ally, now fears his profit-first approach

A Thursday dinner for 220 top $TRUMP meme coin investors raises concerns over anonymous online buyers potentially using crypto to gain access to former President Trump

Image
Updated On : 22 May 2025 | 2:40 PM IST

Bitcoin tops $111,000 for first time as US optimism lifts cryptocurrencies

A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators

Image
Updated On : 22 May 2025 | 7:27 AM IST

Indian stocks unlikely to give significant return in next 1-yr: Marc Faber

Faber finds countries like Indonesia, Thailand, and Malaysia more attractive than India right now.

Image
Updated On : 21 May 2025 | 10:37 PM IST

Donald Trump's family partners with Hut 8 for new Bitcoin mining venture

During the presidential campaign, Donald Trump vowed to ensure that all remaining Bitcoin is "made in the USA" and to establish a Bitcoin reserve

Image
Updated On : 31 Mar 2025 | 10:35 PM IST

'The Mysterious Mr Nakamoto': The tangled story of cryptocurrency's rise

Even in 1999, the notion of a digital currency that bypassed nation-states and financial institutions was not a novel one

Image
Updated On : 30 Mar 2025 | 10:13 PM IST

US's crypto reserve plan a booster, but Indian investors must be cautious

Lack of regularity clarity in India and high volatility mean investors should take only limited exposure

Image
Updated On : 09 Mar 2025 | 10:08 PM IST

Donald Trump signs executive order to create Strategic Bitcoin Reserve

US President's decision comes a day before he is slated to meet with executives from the cryptocurrency industry at the White House

Image
Updated On : 07 Mar 2025 | 12:39 PM IST

A cryptic move: US cryptocurrency reserve sparks puzzlement and alarm

The US, for example, holds around $17 billion equivalent of cryptocurrencies seized from criminals, and China is estimated to hold around $19 billion

Image
Updated On : 04 Mar 2025 | 10:47 PM IST

Explained: Donald Trump's Crypto Strategic Reserve move & its implications

US President Donald Trump's announcement of establishing a US 'Crypto Strategic Reserve' contributed to a $300 billion rally in the global crypto market

Image
Updated On : 03 Mar 2025 | 10:21 AM IST

Capital gains tax in India is a bad idea: Samir Arora, Helios Capital

Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.

Image
Updated On : 28 Feb 2025 | 5:02 PM IST

Bitcoin falls below $90,000, erasing some of gains made under Trump

Cryptocurrency is highly volatile, and prices can change rapidly. Even with Tuesday's drop, bitcoin is still up significantly since Trump won last year's election

Image
Updated On : 25 Feb 2025 | 11:18 PM IST

CBI conducts raids at 60 locations in Rs 6,600 cr GainBitcoin crypto scam

In its early days, investors received payouts in Bitcoin, fuelling the illusion of a lucrative venture. However, as the influx of new capital dwindled by 2017, the charade began to crumble

Image
Updated On : 25 Feb 2025 | 6:57 PM IST

Bitcoin edges higher as investors shake off initial Trump disappointment

Trump's own $TRUMP-branded "meme coin," launched on Friday evening, was down 20.5 per cent at $39.68 on Tuesday

Image
Updated On : 22 Jan 2025 | 12:03 AM IST

Bitcoin rises to fresh record, over $109K ahead of Trump inauguration in US

Token's rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump's rapidly reaching a market capitalization of more than $15 billion before declining sharply

Image
Updated On : 21 Jan 2025 | 12:02 AM IST

Donald Trump 2.0 presidency: What it means for stocks, H1-B visa, bitcoin

Here's how leading brokerages have interpreted Donald Trump's latest statements, and what his presidency could mean for trade tariffs, markets, crypto, H1-B immigration visa and other asset classes

Image
Updated On : 20 Jan 2025 | 11:49 AM IST

Bitcoin surpasses $100,000 amid possible early crypto action by Trump

Bitcoin has surged in price since Trump's victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week

Image
Updated On : 17 Jan 2025 | 10:34 PM IST

Donald Trump plans on designating cryptocurrency as a national priority

Still under discussion for inclusion in the executive order is a directive for all government agencies to review policies about digital assets and possibly pause any litigation involving crypto

Image
Updated On : 17 Jan 2025 | 2:21 PM IST

BlackRock's Bitcoin fund becomes 'greatest launch in ETF history'

The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024. In just 11 months, it grew to a behemoth with more than $50 billion in assets

Image
Updated On : 30 Dec 2024 | 10:08 PM IST

As bitcoin soars, luxury brands consider accepting crypto payments

Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offer

Image
Updated On : 18 Dec 2024 | 1:35 PM IST

Markets today: Nasdaq; Toss The Coin, Jungle Camps listing; US Fed meeting

Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM

Image
Updated On : 18 Dec 2024 | 12:19 AM IST