The digital currency's value depends on it becoming digital gold-or on criminals
The primary reason businesses have not embraced bitcoin payments is because of unclear regulations
Bitcoin fell as much as 7.3 per cent in the US
Bitcoin tumbled as much as 11.%, the most since July, to $4,326.75
There are around 100 odd crypto currencies traded globally but bitcoin is still the most popular
Fundamentals have little to do with the price of the cryptocurrency
Blockstream Inc plans to make the digital ledger underpinning the cryptocurrency accessible
While it is perceptibly riskier, it could be a major gainer in an uncertain global environment
Bitcoin Cash, a clone of bitcoin that was split off from the original last week by a rival group of
The main disadvantage of bitcoin is that transactions can be anonymous
Support for Bitcoin Improvement Proposal 91 reaches nearly 100%
The issue is that the blockchain records the movement of bitcoin, not the movement of other currency
Bitcoin is the cryptocurrency that refuses to die
Bitcoin is used for payments and Ether automates any number of processes using smart contracts
Reports of introducing trading services in alternate currency is making rounds in India
Investors need to weigh risks and rewards of alternative asset class carefully before betting on it
A series of gains raises investor confidence that they will last indefinitely
Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 per cent at $2,363
The Union finance ministry has invited suggestions on whether digital currencies like Bitcoin should be banned or allowed but regulated, and if so, if self-regulation is desirable. It wants feedback by the end of the month.Earlier, a committee of bureaucrats had been asked to study the issue. In recent times, Bitcoin has been recognised by Japan; it has also been used to ask for ransom money.Bitcoin start-ups Zebpay, Unocoin, Coinsecure and Searchtrade had in February jointly launched a Digital Asset and Blockchain Foundation of India (Dabfi) as a self-regulatory body. Nishith Desai Associates, a global legal entity, was appointed advisor for developing the regulations. They argue that currencies such as Bitcoin should be allowed self-regulation. Banning it, say they and others, does not seem sensible, with its rising acceptability in parts of the world. If the government is to regulate it, there would be various issues. Digital or virtual currencies are not so defined under the laws .
Unit of Bitcoin passed dollar value of one troy ounce of gold this year