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
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.com, 2 months ago
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