TOPICS
BITCOIN

India’s tax department considers tax on virtual currencies

Wednesday, 13 December 2017

India’s federal tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as its central bank has warned against dealing in virtual currencies. Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the Income Tax Department has launched surveys in the cities of Delhi, Mumbai, Pune, Bengaluru and Hyderabad, spokeswoman Surbhi Ahluwalia said. “We are looking at collecting ...

Bitcoin: Is it the future of currency?

Monday, 11 December 2017

From the time I start writing this article to the time I finish it, the fluctuating price of the digital currency ‘bitcoin’ would have most likely risen or fallen appreciably. How does this digital currency work, and from where has it emerged? It is said that it was started by an anonymous group with a Japanese name in 2007, who set the standards and computing algorithms for its “production”. I will leave the details about its founding and focus now on the question as to ...

Rashid bin Mohammed Al-Fawzan

Bitcoin makes muted stock exchange debut at $15,000

Monday, 11 December 2017

Cryptocurrency Bitcoin made its debut on a major bourse Sunday, opening at $15,000 per unit at the Chicago board options exchange.Around 23:20 GMT, the price of the currency had risen to $15,940 dollars on a futures contract scheduled for settlement on January 17 according to data provided by the Chicago board options exchange (Cboe).A futures contract is a financial product that allows investors to bet on whether the currency’s price will rise or fall.It is the first opportunity for ...

Australia bourse to use blockchain in ‘world-first’

Friday, 8 December 2017

Australia’s main stock exchange has said it will use blockchain, the technology behind cryptocurrency bitcoin, to process its equities transactions in a shift touted as a world-first for a major financial institution.The Australian Securities Exchange (ASX), the eighth-largest sharemarket in the world, will replace its current system CHESS with the distributed ledger technology to manage the clearing and settlement for buying and selling stocks.ASX chief executive Dominic Stevens said the ...

Bitcoin surges above $15,000 after climbing $2,000 in 12 hours

Thursday, 7 December 2017

Bitcoin rocketed above $15,000 for the first time on Thursday, after adding more than $2,000 to its price in fewer than 12 hours. Bitcoin, the world’s biggest and best-known cryptocurrency, has seen a more than fifteenfold surge in its value since the start of the year. It climbed to as high as $15,344 on the Luxembourg-based Bitstamp exchange around 1420 GMT, leaving it up more than 12 percent on the day, having traded just above $13,000 12 hours earlier. Many market-watchers said the ...

Bitcoin miner NiceHash reports hack, theft of its ‘wallet’

Thursday, 7 December 2017

The bitcoin miner NiceHash says it is investigating a security breach and the theft of the contents of the NiceHash “bitcoin wallet.”The company said Thursday in a statement posted on its website that it had stopped operations and was working to verify how many bitcoins were taken.Troubles with the website over the past day or so drew alarm and complaints, with many bitcoin owners posting panicked comments on NiceHash’s social media accounts.The price of bitcoin has surged to ...

Germany parcel bomb blackmailer demands millions in bitcoins

Wednesday, 6 December 2017

A blackmailer whose parcel bomb sparked the evacuation of a German Christmas market last week demanded 10 million euros ($11.8 million) worth of bitcoins, a news report said on Wednesday. The German-language message demanding an untraceable payment in the virtual currency was addressed to the parcel delivery service DHL, Bild daily reported. The bomb, containing explosive powder from Polish fireworks, nails and screws, was received by a pharmacy adjacent to the Christmas market last Friday. Bild ...

Bitcoin hits new record high of $11,850

Tuesday, 5 December 2017

Bitcoin powered to a record high of $11,850 on Tuesday, continuing its surge from below $1,000 at the start of the year. The cryptocurrency was last up 2 percent on the Luxembourg-based Bitstamp exchange. 

US agency gives green light to bitcoin on major exchanges

Saturday, 2 December 2017

A US regulator cleared the way Friday for bitcoin futures to trade on major exchanges, but warned investors the digital currency is prone to elevated risk and volatility. The decision opens the door for the Chicago Mercantile Exchange and CBOE Futures Exchange to offer contracts for futures of the virtual currency, rather than trading the actual currency. The deal with the Commodities and Futures Trading Commission agency also enables Cantor Exchange to offer bitcoin options, another type of ...

Bitcoin tops $11,000 after $1,000 surge in 12 hrs

Wednesday, 29 November 2017

Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. After soaring more than 1,000 percent since the start of the year, bitcoin rose as much as 15 percent on Wednesday. It topped $10,000 for the first time in early Asia trading, before surging above $11,000 less than 12 hours later to reach $11 ...

1 2 3
Top
BREAKING NEWS
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed