Cryptocurrency | The Asian Age

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British Prime Minister Theresa May has said Britain should take a serious look at digital currencies such as Bitcoin because of the way they can be used by criminals.

Lloyds Bank to ban credit card owners from buying cryptocurrencies

Credit card customers of the bank will be blocked from buying Bitcoin online through a blacklist that will flag sellers.

05 Feb 2018 9:38 AM

On February 1, India vowed to eradicate the use of crypto-assets, joining China and South Korea in promising to ban parts of the nascent market where prices have boomed in recent years.

Bitcoin slides amidst broad cryptocurrency sell-off

The virtual currency is down by close to 25 percent this week and almost 40 percent in 2018.

03 Feb 2018 10:22 AM

Facebook said that it was banning all adverts that “promote financial products and services that are frequently associated with misleading or deceptive promotional practices.

Bitcoin skids to lowest since November after worst month in three years

It slid more than 26 per cent in January, in its worst monthly performance since January 2015.

01 Feb 2018 6:59 PM

The government has acknowledged the technology behind the successful Bitcoin cryptocurrency and is planning to implement the same for its own (and legal) form of cryptocurrency in the future.

Union Budget 2018: Cryptocurrency declared illegal in India

Even before the budget, Jaitley had already said that the cryptocurrency is not legal tender in India.

01 Feb 2018 5:58 PM

Last year, Jaitley had informed Parliament that there are no regulations governing virtual currencies in India.

Cryptocurrencies not legal, will eliminate their use: Jaitley

RBI has not given any licence to any entity/company to operate such currencies.

01 Feb 2018 12:45 PM

The company has asked its customers to refrain from downloading such fake apps. (representative image)

How to stay safe from fake JioCoin apps?

The 4G service provider denies the existence of JioCoins cryptocurrency and will take appropriate legal action.

01 Feb 2018 12:02 PM

A new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices has been introduced.

Cryptocurrency ads to be banned by Facebook

The new policy will be implemented across its platforms, including Facebook, Audience Network and Instagram.

31 Jan 2018 8:20 AM

World leaders meeting in Davos last week issued fresh warnings about the dangers of cryptocurrencies.

Hacked Tokyo cryptocurrency exchange to repay owners $425 million

The company would repay the roughly 260,000 owners of NEM coins in Japanese yen, though it was still working on timing and method.

28 Jan 2018 5:57 PM

The exchange has already reported the incident to the police and to Japan’s Financial Services Agency. (Representational image)

Tokyo-based Cryptocurrency exchange hacked

The firm lost approximately around 58 billion Yen worth of virtual money.

27 Jan 2018 7:51 AM

The study was expected to be submitted to the Ministry of Company Affairs (MCA) by March this year.

ICAI to carry study on cryptocurrency

MCA would also take opinions from other expert agencies before taking a view on the subject.

26 Jan 2018 10:58 AM

Bitcoin is a form of digital currency that is supposed to provide a secure and private alternative to conventional money.

Bitcoin wallet devices vulnerable to security hacks: study

Researchers in the UK carried out an in-depth security analysis of the communications system used in popular models of Bitcoin wallet.

25 Jan 2018 9:12 AM

A single webpage you visit can take up to 4.5 hours of your battery time if you keep the tab open. (Representative Image)

Opera mobile browser gets cryptocurrency mining protection

According to reports, there are currently more than 3 million websites exposed to cryptojacking.

23 Jan 2018 12:18 PM

Virtual currency risks

The jury is still out on what exactly is cryptocurrency.

21 Jan 2018 1:21 AM

BR Balakrishnan, a director general of investigations at the income tax department in the southern state of Karnataka, said notices were sent following the survey to assess the penetration and patterns of virtual currency trade. (Photo ;PTI)

Govt sends tax notices to cryptocurrency investors as trading hits USD 3.5 bn

The Indian Govt has issued repeated warnings against digital currency investments, saying these were like 'Ponzi schemes'.

20 Jan 2018 11:30 AM

An Indian finance ministry official said a committee was looking into the possibility of imposing restrictions on virtual currencies and that eventually parliament would have to legislate a regulatory regime.

Crypto-traders get tax notices

But it has not so far imposed curbs on an industry estimated to be adding 2 lakh users in India every month.

20 Jan 2018 1:15 AM

Its astronomical gains though have attracted the attention of global regulators tasked with protecting investors from fraud.

Fears of global crackdown fail to dampen cryptocurrency interest

Bitcoin soared more than 1,700 per cent last year, hitting a record high just shy of $20,000.

19 Jan 2018 7:54 AM

Bitcoin hasn't caught on as a currency for buying things, as intended. But it has drawn huge interest from traders, and its price has soared over the past year.

Bitcoin skids as traders worry that Korea will crack down

The price of bitcoin fell 13 percent to $9,823 at 1:26 p.m. Eastern Time, Wednesday according to Coindesk.

18 Jan 2018 8:45 AM

Officials are expected to debate the rise of bitcoin at the upcoming G20 summit in Argentina in March.

Bitcoin plunges below $10,000; creates panic in market

Bitcoin, despite some stabilization in late U.S. trading, was half its record peak of almost $20,000 a month ago.

18 Jan 2018 7:42 AM

Powered by their XDC Protocol, the launch of TradeFinex platform will enable peer-to-peer contracting between financiers, suppliers and beneficiaries thereby minimizing the role played by intermediaries.

XinFin unveils blockchain powered TradeFinex platform with India’s Assocham

XinFin will extend its TradeFinex platform to Assocham’s network of 300+ trade associations and 450,000 members to minimize inefficiencies.

17 Jan 2018 9:11 AM

The price of ethereum, another digital currency, had slipped 7.8 per cent to $1,190.45 as of 8:04 a.m. GMT.

Bitcoin prices fall as South Korea says ban still an option

Bitcoin was trading at $12,615.60, down 7.1 per cent from the day before as of 8:03 am GMT, according to Coindesk.

16 Jan 2018 3:36 PM

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Shashi Warrier