Bitcoin In India

The CBI on Wednesday summoned Gaurav Mehta, an audit company employee, to appear before it as soon as possible in connection with the Rs 6,600-crore Gain Bitcoin ponzi scam case, officials said. The central probe agency had registered three cases related to the scam last month on the Supreme Court orders issued last year, officials said. Mehta was summoned by the CBI, a day after his name cropped up in purported tapes of Maharashtra political leaders discussing the encashment of the cryptocurrency worth crores. The Central Bureau of Investigation (CBI) swung into action hours after the Enforcement Directorate, investigating the money laundering aspect, launched raids at the Mehta's residence in Chhattisgarh. The apex court handed over cases registered against Variable Tech Pvt Ltd across the country to the CBI in December 2023. "During the investigation, it shall be open to the CBI to club/consolidate any one or more of the FIRs," the top court had said. The apex court had clarif

The surge in traffic on Wednesday triggered trading outages and displays of $0 balances for users of Coinbase, the largest US digital asset exchange

Cryptocurrency news: According to some experts, however, despite the bull run, the investors must remain cautious

But don't get carried away by the hype surrounding these new assets, invest limited amount initially

If the mega cryptocurrency has left you nervous, hold your nerves as there is a silver lining in the mayhem the crypto asset class experienced last week

The prices of both Bitcoin and Ether were relatively flat from early 2018 to the fall of 2020, a period known as the 'crypto winter' by oldtimers

The world's most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year

On Saturday, Bitcoin touched a market capitalisation of $1 trillion, its highest ever, as the value of world's most popular cryptocurrency crossed an all-time high of $55,000 per coin

The currency gained as much as 7.8 per cent to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore

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Listen to the podcast to know about the massive rally in Bitcoin's price and does it stand a chance to replace gold as an investment bet?

Among the clutch of cryptocurrencies, bitcoin has a market share of 36.6% and a market cap of $250 bn

Supreme Court bench headed by Chief Justice Dipak Misra recently sent notices to concerned authorities asking to frame an effective mechanism for flow of bitcoin

The government's proposal to regulate Bitcoin crypto currency has sparked a regulatory turf war between Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI). According to sources, the central bank is of the opinion that bitcoin is a security rather than currency and should be regulated by Sebi. The proposal though has not gone down well with the latter opposing the suggestion. The finance ministry had last week called for a meeting of all the stakeholders to discuss the regulatory framework of the virtual currency. During the meeting RBI has proposed to allow trading in bitcoin on the lines of trading in commodity derivatives such as gold or silver. It also recommended that Sebi while regulating the currency ensure that it should not be used for any illegal activities like money laundering, terror funding. Sebi though had expressed displeasure over the RBI's proposal. "It (bitcoin) cannot be classified as commodity derivatives as per extant legal provisions," .

Recently, the Centre issued a discussion paper regarding Bitcoin regulation