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A dummy's guide to Bitcoin
Rediff.com

A dummy's guide to Bitcoin

Rajesh Bhayani highlights all that you need to know about the online currency. Illustration: Dominic Xavier/Rediff.com Bitcoin, an online currency produced (mined) using the cryptography program, is catching people's fancy and in the past four months, its price has nearly doubled and is trading at $1018.82 per unit. It is just $140 from the all-time high reached three years ago. Prices on Indian Bitcoin exchanges are around an all-time high of Rs 72,000 per unit, a 4-5 per cent premium to ... Rediff.com, 1 month ago

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Rediff.com

Note ban raises Bitcoin hopes, but RBI plays safe

Exchanges believe its legal status may now change, with the government pushing for digitised transactions. The central government’s demonetisation drive has come as a sign of encouragement for Bitcoin exchanges. The crypto currency-cum-payment system has been denied a legal or currency status till now by the Reserve Bank of India. The exchanges now believe this might change, with the government push for digitised transactions.  This has led to a spike in the crypto currency’s ...
 Rediff.com2 months ago
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