Articles about Cryptocurrency

Cryptocurrency is a digital or virtual asset that is secured using cryptographic keys. Each unit of a cryptocurrency is uniquely identifiable yet interchangeable. Many cryptocurrencies including Bitcoin and Ethereum are based on Blockchain technology— a distributed ledger system that maintains a crowdsourced record of every transaction. Such networks are maintained using peer-to-peer connections over the internet, just like torrents. Blockchain records are also tamper-proof and irreversible. Interestingly, cryptocurrencies are not issued by a central governing body thereby absolving them of scope for government manipulation and interference. The currency can never be converted into a physical equivalent, although it can be traded in exchange for goods and services offered by merchants. Like regular currency, cryptocurrencies are also subject to fluctuations in value based on demand and supply. The supply is generated by a process called “mining” where computers solve increasingly complex has calculations to match cryptographic keys that then unlock units of the cryptocurrency. Mining is also crowdsourced and records for mined currency are combined with transaction records on the currency’s blockchain. Launched in 2009 by an unknown entity/group named Satoshi Nakamoto, Bitcoin is the world’s first open-source decentralized cryptocurrency.

Ezra Miller claims they record assault videos for NFT art

12 May 2022

Entertainment
Ezra Miller claims they record assault videos for NFT art

The Flash actor Ezra Miller made headlines earlier this year for getting arrested twice on charges of assault and disorderly conduct on the island of Hawaii, U.S.

CoinSwitch Kuber suspends crypto purchase and money transfer on app

12 Apr 2022

Business
CoinSwitch Kuber suspends crypto purchase and money transfer on app

Amid the regulatory uncertainties surrounding cryptocurrencies in India, CoinSwitch Kuber has temporarily disabled all modes of payments to purchase digital coins.

Reduce Twitter Blue's subscription price, ban advertising, says Elon Musk

10 Apr 2022

Business
Reduce Twitter Blue's subscription price, ban advertising, says Elon Musk

Tesla and SpaceX founder Elon Musk, who recently disclosed a 9.2% stake in Twitter, has suggested a variety of changes to the microblogging platform's Twitter Blue premium subscription service.

Major financial changes coming into effect from April 1

31 Mar 2022

Business
Major financial changes coming into effect from April 1

Several new financial changes are expected to come into effect from Friday (April 1)—the first day of the fiscal year 2022-23.

Taxing cryptocurrency is government's sovereign right: FM Sitharaman

11 Feb 2022

Business
Taxing cryptocurrency is government's sovereign right: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions.

#Budget2022 people friendly, says PM; Rahul Gandhi calls it zero-sum

01 Feb 2022

Business
#Budget2022 people friendly, says PM; Rahul Gandhi calls it zero-sum

Prime Minister Narendra Modi on Tuesday hailed the Union Budget 2022-23 as "people-friendly and progressive."

Delhi man's Rs. 4.5cr crypto fraudulently transferred to Palestine's Hamas

24 Jan 2022

India
Delhi man's Rs. 4.5cr crypto fraudulently transferred to Palestine's Hamas

A probe by the Delhi Police revealed cryptocurrency stolen from a businessman in 2019 was transferred to Al-Qassam Brigades, the military wing of the Palestinian militant organization Hamas.

Cryptocurrency bill may not be introduced in Parliament's Winter Session

15 Dec 2021

India
Cryptocurrency bill may not be introduced in Parliament's Winter Session

The Centre may not introduce the cryptocurrency bill in this Winter Session of Parliament as planned as it is reportedly considering some changes.

Narendra Modi's Twitter account 'briefly compromised,' shares cryptocurrency scam link

12 Dec 2021

Politics
Narendra Modi's Twitter account 'briefly compromised,' shares cryptocurrency scam link

PM Narendra Modi's personal Twitter account was "briefly compromised" in the early hours of Sunday.

Nothing's ear (1) black edition launched at Rs. 7,000

02 Dec 2021

Technology
Nothing's ear (1) black edition launched at Rs. 7,000

Nothing has launched a new black color option for its ear (1) TWS earbuds in India as well as the global markets.

How President Bukele wants to make 'Bitcoin City' a reality

25 Nov 2021

Technology
How President Bukele wants to make 'Bitcoin City' a reality

El Salvador is the only country that has recognized Bitcoin as legal tender. Now, the country has unveiled an ambitious plan to build an entire city around cryptocurrency.

Crypto prices fall as India announces bill banning private cryptocurrencies

24 Nov 2021

Technology
Crypto prices fall as India announces bill banning private cryptocurrencies

Prices of nearly all cryptocurrencies plummeted by 15% or more just hours after the Indian government announced that it will introduce a cryptocurrency bill in the Parliament's winter session.

Centre announces bill to ban cryptocurrencies before Parliament's Winter Session

23 Nov 2021

India
Centre announces bill to ban cryptocurrencies before Parliament's Winter Session

The central government will table a bill to ban cryptocurrencies in the upcoming Winter Session of Parliament.

Cryptocurrency in wrong hands can spoil youth, says PM Modi

18 Nov 2021

India
Cryptocurrency in wrong hands can spoil youth, says PM Modi

Prime Minister Narendra Modi on Thursday urged all democratic nations to work together in ensuring that cryptocurrency "does not end up in the wrong hands."

Using dating apps on iPhone? Crypto-scammers could hack your device!

20 Oct 2021

Technology
Using dating apps on iPhone? Crypto-scammers could hack your device!

Leading cybersecurity firm Sophos has recently published a report that highlighted how a cryptocurrency trading scam targeting iPhone users is now bigger than ever.

CoinSwitch Kuber raises $260 million, becomes India's second crypto unicorn

07 Oct 2021

Business
CoinSwitch Kuber raises $260 million, becomes India's second crypto unicorn

Cryptocurrency exchange CoinSwitch Kuber announced it has raised $260 million in a Series C round of funding, bumping up its valuation to $1.9 billion.

This company just purchased an entire power-plant for cryptocurrency mining

28 Sep 2021

Technology
This company just purchased an entire power-plant for cryptocurrency mining

Digital cryptocurrency mining is proving to be just as toxic for mother nature as mining of natural resources is. Worryingly, several entities don't see the bigger picture and continue to mine relentlessly, converting our ecology into virtual resources with limited applicability.

Three reasons why you must take cryptocurrency seriously

24 Sep 2021

Business
Three reasons why you must take cryptocurrency seriously

Imagine the year is 2035. You and your friends have planned a vacation to the planet Mars. And you are asked to pay for your space shuttle in Bitcoin or let's say meme-inspired Dogecoin (as proposed by Elon Musk!). How cool does it sound?

List of sports which have entered the crypto wagon

09 Sep 2021

Sports
List of sports which have entered the crypto wagon

The cryptocurrency market has been on the rise over the years.

El Salvador declares Bitcoin legal tender: What changes now?

07 Sep 2021

Business
El Salvador declares Bitcoin legal tender: What changes now?

It's been 12 years since an anonymous group introduced the world to Bitcoin.

SpaceX may launch a satellite to display billboards in space

09 Aug 2021

Technology
SpaceX may launch a satellite to display billboards in space

What's the one thing that you associate with commercialization? Well, advertisements!

Indigenous Clubhouse me-too app Leher records spike in crypto-related discussions

18 Jul 2021

Technology
Indigenous Clubhouse me-too app Leher records spike in crypto-related discussions

The number of blockchain and cryptocurrency-related start-ups is on the rise around the world and interest surrounding discussions on these subjects has also seen a spike on community-based platforms such as Twitter Spaces and Clubhouse.

NewsBytes Briefing: The internet experienced a brief hiccup, and more

09 Jun 2021

Technology
NewsBytes Briefing: The internet experienced a brief hiccup, and more

Several major news websites and social media platforms such as Reddit were down for about an hour starting 3 PM Indian Standard Time. The disruption was caused by cloud computing services provider Fastly experiencing technical difficulties with its services.

Musk establishes Bitcoin Mining Council with leading North American miners

30 May 2021

Business
Musk establishes Bitcoin Mining Council with leading North American miners

Elon Musk held a meeting with "leading Bitcoin miners in North America" recently. The discussion aimed "to promote energy usage transparency [and] accelerate sustainability initiatives worldwide."

Vitalik Buterin's $1 billion COVID-19 donation: Fact or farce?

16 May 2021

Technology
Vitalik Buterin's $1 billion COVID-19 donation: Fact or farce?

On May 12, the 27-year-old founder of Ethereum Vitalik Buterin donated cryptocurrency worth $1.5 billion to COVID-19 relief efforts in India and several other non-profits.

Tesla stops accepting Bitcoin as it is not environment-friendly

13 May 2021

Technology
Tesla stops accepting Bitcoin as it is not environment-friendly

Tesla CEO Elon Musk has been a vocal promoter of cryptocurrency and electric mobility. Late in March, Tesla announced that it would accept Bitcoin as payment for its cars.

#WeirdNews: Musk's SpaceX is launching a Dogecoin-funded satellite to moon

10 May 2021

Technology
#WeirdNews: Musk's SpaceX is launching a Dogecoin-funded satellite to moon

After his Saturday Night Live gig was live-streamed on YouTube, a first for the show, SpaceX CEO Elon Musk plans to actually send Dogecoin to the moon.

Here is what made DogeCoin's price touch 60 cents

05 May 2021

Business
Here is what made DogeCoin's price touch 60 cents

DogeCoin, a penny stock equivalent of the cryptocurrency world, was valued in excess of 60 cents a token briefly on May 4.

Invest in Crypto, start with Rs. 100 on CoinSwitch Kuber

02 May 2021

Business
Invest in Crypto, start with Rs. 100 on CoinSwitch Kuber

Bitcoin and other cryptocurrencies have grown massively in value in just an year. Bitcoin, for instance, is currently priced at Rs. 47,00,000.

Signal Payments announced with support for cryptocurrency

11 Apr 2021

Business
Signal Payments announced with support for cryptocurrency

Signal, the secure messaging app, recently announced that it is rolling out a beta version of its app which brings the new Signal Payments feature.

A Cricketer's Guide to Crypto Investing

10 Apr 2021

Business
A Cricketer's Guide to Crypto Investing

Cricket is a sport that does a better job of bringing all Indians together than any religion in the world. While the IPL league offers us so much entertainment, we thought it would be more interesting to explain crypto in the language of cricket.

Visa to allow payments using cryptocurrency

30 Mar 2021

Business
Visa to allow payments using cryptocurrency

Visa Inc. will wade deeper into digital currency waters as it green-lights the use of cryptocurrency to directly settle payments on its network.

Twitter CEO Jack Dorsey's tweet auctioned for $2.4 million

22 Mar 2021

Technology
Twitter CEO Jack Dorsey's tweet auctioned for $2.4 million

Twitter CEO Jock Dorsey's first-ever tweet was auctioned for a whopping $2.4 million (around Rs. 18 crore). The Twitter founder declared that the entire auction proceeds would be donated to charity of Dorsey's choice, fittingly in the form of Bitcoins.

#NewsBytesExplainer: How the Blockchain technology is shaping the future

17 Mar 2021

Technology
#NewsBytesExplainer: How the Blockchain technology is shaping the future

The term "blockchain" is thrown around with cryptocurrency and Bitcoin quite often. Blockchain is a type of database, which is essentially an organized collection of information that can be accessed and manipulated simultaneously by multiple users.

Police seize $60 million-worth Bitcoins, but need password to access

08 Feb 2021

World
Police seize $60 million-worth Bitcoins, but need password to access

German prosecutors have seized over 1,700 Bitcoins worth $60 million from a thief who is currently imprisoned for the crime of covertly installing cryptocurrency mining software on other computers.

Government attempts to ban Bitcoin again; Considers digitizing the rupee

30 Jan 2021

Business
Government attempts to ban Bitcoin again; Considers digitizing the rupee

After leaving Indians with no choice but to embrace digital transactions, the government is poised to ban cryptocurrencies.

Bitcoin breaks through $20,000 to reach all-time high

17 Dec 2020

Business
Bitcoin breaks through $20,000 to reach all-time high

Bitcoin on Wednesday broke through $20,000 for the first time ever following a sustained powerful rally for the world's largest and most well-known cryptocurrency.

Telegram shutters its cryptocurrency project: Here's why

13 May 2020

Technology
Telegram shutters its cryptocurrency project: Here's why

Telegram, one of the biggest messaging platforms in the world, has decided to shutter its blockchain and cryptocurrency project - the Telegram Open Network (TON).

Soon, HTC's blockchain phone will let you mine cryptocurrency

30 Apr 2020

Technology
Soon, HTC's blockchain phone will let you mine cryptocurrency

HTC's Exodus line of smartphones, aimed at cryptocurrency users, is set to get the ability to mine digital coins.

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