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Indian Tax Department Wary of Large Bitcoin Investments Flowing in the Country

The surge in Bitcoin Investments flowing in the country has made Indian Tax Department and other investigation agencies wary of the fact that it could have been possibly routed for other illicit activities like money laundering and tax evasion. Earlier in July, Supreme Court had asked the Indian government and Reserve Bank of

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Bitcoin Is A Bubble- Says Founder Of World’s Largest Hedge Fund

Founder of Bridgewater Associates, World’s Largest Hedge Fund Says ‘Bitcoin is a bubble’  It seems the concept of Bitcoin and overall cryptocurrencies is certainly not going well with the top bosses of some of the world largest financial institutions. Earlier last week, JP Morgan boss - Jamie Dimon - sparked an

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The Pick And Pay Retail Stores In CapeTown Are Accepting Bitcoins as Payments

Pick and Pay accepts Bitcoin Past few days have not been so great for the cryptocurrency market as investors are gripped with a bit of worry and fear. The cryptocurrency markets witnessed a major correction owing to two main reasons: first is the negative statement by Wall Street’s one of the

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RBI Looking For Cryptocurrencies, But Not For Private Cryptocurrencies Like Bitcoin

Indian Central Bank Shy Away From Imparting Fiat Status To Virtual Currency Forms According to the Economic Times,the Central Bank of India, RBI announced that they are searching for fiat cryptocurrencies but not comfortable with privately issued cryptocurrency such as Bitcoin. The announcement was made today by RBI Executive Director Sudarshan Sen

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Russia To Give An Electric Boost To Bitcoin Mining

Russian Cryptocurrency miners are taking leases of big companies operating power plants for diverting the excess energy production to mining of cryptocurrencies. This move is believed to bring widespread relief to the cryptocurrency miners who often become handicapped under the pressure of towering electricity bills which swipe away significant profit

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Japanese Bitcoin Exchange, Bitflyer To Start Operations In US

Japan’s BitFlyer to Travel Overseas With Global Business Aim BitFlyer, a Bitcoin exchange from Japan have announced the spread of their operations into the US soil within 2017 fall. They have selected San Francisco to house their next company office. BitFlyer, the third largest cryptocurrency trading platform has already garnered regulatory

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