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8 ArticlesBitcoin

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[Guest Post] Bitcoin: The Future of Money?

This is a guest post by Rohit Shenoy about the “cryptocurrency” that’s doing the rounds: Bitcoin. Summary: Bitcoin, a digital or crypto ...
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BitCoin Falls to $330, 70% from Peak

Ooh, this is rough. Bitcoin, in terms of USD, has fallen close to a 1 year low. (HT Stefan Cheplick’s post) One "reason" for this fall seems to ...

Mt. Gox Shuts Shop After Massive Theft, Worried BitCoin Industry Joins Hands

Once the world’s largest Bitcoin exchange, Mt. Gox, has shut down after a massive theft of BitCoin due to a technical glitch. Bloomberg says more than $390 ...

Reads: Killing BitCoin, More Taper, Bad Debts in India

The Glitch that will kill Bitcoin (Bloomberg). Bad jobs report won’t change the Taper (CNBC) Government Jugaad: Asking RBI to pay interim dividend to meet ...

Now ED and Tax Enquiries into BitCoin in India

Reuters reports that Bitcoin transactions are being investigated for potential tax disclosure or laundering. While regulators have not deemed virtual ...

RBI Warns Against BitCoin Use, May Regulate

The Reserve Bank of India (RBI) has warned users of Bitcoin and other virtual currencies that they may be taking undue risks with these “Virtual ...

BitCoin Crashes 50% After China Stops Banks from Handling It

In a couple days, the Bitcoin price at Mt. Gox, a large Bitcoin site, crashed from $1,200 to less than $600, recovering marginally to $750 today. China has ...

The BitCoinundrum: To Buy or Not to Buy BitCoin?

In recent times there has been the emergence of a new financial “thing”, the Bitcoin. This is a new virtual currency, and addresses some of the problems ...