Bitcoin hit a five-week low of $944.36 on Saturday
Bitcoin start-ups Zebpay, Unocoin, Coinsecure and Searchtrade have jointly launched a Digital Asset and Blockchain Foundation of India (Dabfi), with the aim of orderly and transparent growth of the virtual currency market. The body will work as a self-regulatory organisation (SRO) for this business. And, has appointed Nishith Desai Associates, an international law firm, to develop self-regulation norms for the segment.A committee for the SRO has been constituted, with the members comprising Sandeep Goenka (Zebpay), Mohit Kalra (Coinsecure), Sathvik Vishwanath (Unocoin), Harish B V (Unocoin) and Vishal Gupta and Rashmit Gupta (Searchtrade).Dabfi will prepare self-regulatory regimes for trading of bitcoins and other blockchain-based digital assets. And, standardise Know Your Cusotmer (KYC) and anti-money laundering norms for member companies. It is to also build credibility and create awareness about the benefits and risks, liaise with regulators and get clarity on taxation, attract ...
A portion of blockchain fund to come from initial coin offering
Traditional financial players calls it volatile, complicated, risky, and doubting its inherent value
If not done within 14 days, the insurer can reject vehicle damage claims arising in the future
Chinese authorities have stepped up efforts to stem capital outflows and relieve pressure on yuan
That includes a new website as well as updated iOS and Android apps, reports Tech in Asia
The cryptocurrency slid 1.4% to $888 at 5:43 pm in Hong Kong
Digital currency is on track for its heaviest 2-day drop in 2 years
On Indian exchanges, it falls to Rs 70,000, after hitting a high of Rs 79,000
Price moving sharply higher, market cap at $16 bn-plus: regulatory status in India yet not clear
Bitcoin has outperformed all central-bank-issued currencies with 125% climb in 2016
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161
Last week, the Indian price was quoted at nearly 40 per cent premium to international price
Zebpay mobile wallet helps users to easily buy, store, send and spend Bitcoin through mobile numbers
Bitcoin is a digital currency, generated by encryption techniques using peer-to-peer technology to operate
The tax agency sent a broad request on Thursday to Coinbase, the largest Bitcoin exchange in the United States
Banks' own bitcoin is in the gift of central banks
Hong Kong-based bitcoin exchange Bitfinex is still settling positions and balances, and will provide more details soon
This is the second largest bitcoin heist from an exchange since Tokyo's MtGox lost about $350 million bitcoins