Virtual currency

Looking at 'pros and cons' of introduction of digital currency: RBI

Finance minister Nirmala Sitharaman while presenting the Budget 2022-23 had announced that the central bank will launch an Indian digital currency.

May 27, 2022, 17:11 PM IST

Decision on crypto: Here is what FM Nirmala Sitharaman said on virtual currency regulation

The decision on crypto will not be rushed through, FM Nirmala Sitharaman said in an interaction at Stanford University.

Apr 28, 2022, 17:43 PM IST

Digital Rupee could debut by early 2023: Report

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital rupee' soon.

Feb 06, 2022, 11:24 AM IST

Government planning to come out with its own cryptocurrency: Sources

In April, the Reserve Bank had announced a study to explore introduction of fiat digital currencies which can be issued by it.

Aug 06, 2018, 18:02 PM IST

Bitcoin slides below $6,000; half its value lost in 2018

The virtual currency hit a peak of almost $20,000 in December.

Feb 06, 2018, 14:45 PM IST

Bitcoin tops $18,000 in debut on major bourse

Bitcoin was trading at $17,750 per unit for the futures contract expiring on January 17, thus exceeding the highest value it had reached on alternative non-regulated internet platforms.

Dec 11, 2017, 10:33 AM IST

Bitcoin currency status and converter shows up on Google search result

Google currency conversion tool shows the real time value of bitcoin vis-a-vis the Indian Rupee.

Dec 09, 2017, 10:29 AM IST

This man is giving out free Bitcoins and Twitterati can't hold the excitement

A twitter user owns 1,500 bitcoins and wants to give it to people on the occasion of Christmas.

Dec 08, 2017, 17:14 PM IST

Bitcoin hits $15,000 for first time, jumps over 50% in just one week

The rally came just a day after the virtual currency, which has been used to buy everything from an ice cream to a pint of beer, hit the $12,000 mark for the first time, while it has soared more than 50 percent in value in just one week.

Dec 07, 2017, 16:13 PM IST

US agency gives green light to bitcoin on major exchanges

Bitcoin prices shot above $10,000 for the first time earlier this week and stood at $10,648 at midday Friday.

Dec 02, 2017, 15:42 PM IST

Despite RBI caution, 2,500 Indians investing in Bitcoins daily

The company said it launched operations in 2015 to simplify bitcoin trade along with providing a seamless experience to Indian audience.

May 17, 2017, 18:42 PM IST

CEO of this company spent embezzled funds on prostitutes

The head of collapsed Bitcoin exchange MtGox was facing fresh embezzlement charges

Oct 29, 2015, 12:54 PM IST

Japan charges Bitcoin exchange CEO with embezzlement

Japanese prosecutors said Friday that they have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid fraud allegations over the disappearance of hundreds-of-millions-of-dollars-worth of the virtual currency.

Sep 11, 2015, 12:58 PM IST

Bitcoin: Key facts you should know

Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency like the US dollar or the euro, it has no central bank and is not backed by any government.

Sep 11, 2015, 12:30 PM IST

Japanese police arrest CEO of MtGox Bitcoin exchange

Japanese police on Saturday arrested Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations lead to its spectacular collapse and hammered the digital currency's reputation.

Aug 01, 2015, 14:33 PM IST

Indian startup sets up crypto-currency platform for Greeks

The company, named Trestor Foundation, also claims it is the only global organisation that can help people in Greece to get the money despite the capital control on bank withdrawls imposed by the government there.

Jul 12, 2015, 18:21 PM IST

Federal agents stole Bitcoin in Silk Road probe: US

Two undercover federal agents in the investigation of Bitcoin market Silk Road extorted and stole hundreds of thousands of dollars worth of the virtual currency for themselves, the US said Monday.

Mar 30, 2015, 23:54 PM IST

Investors robbed of $11 mn Bitcoins in four years: Study

Frauds such as online ponzi schemes have skimmed at least $11 million in Bitcoin deposits from unsuspecting cyber customers over the past four years, a study says.

Jan 31, 2015, 13:45 PM IST

Bitcoin club loses steam; market value tanks over $5-bn

The value of many popular virtual currencies including Bitcoin, Ripple, Dogecoin and Litecoin has crashed by 50-60 per cent from their peaks early in 2014

Nov 16, 2014, 12:49 PM IST

US judge awards $40.7 million in SEC case over bitcoin Ponzi scheme

A US federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.

Sep 19, 2014, 23:20 PM IST