Signing up for advertiser.
Posts: 4180
Address: 1Q8rdbPe7twnMiNEyqUCo3Sw6NrVUBwg4V
Got beaten to the advertiser slot. They really are hard to get.  |
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Wasn't Kolloh supposed to be paid on 13-Sep?
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Bitcoin extortion group DD4BC ramps up attacks against financial organizationshttp://www.firstpost.com/business/bitcoin-extortion-group-dd4bc-ramps-up-attacks-against-financial-organizations-2430096.htmlCyber attacks rendering large corporations helpless is no longer just a movie storyline, it is stuff that CEO nightmares are made of. One such nightmare, especially for the financial sector, is DD4BC. As this blog by Akamai explains, DD4BC informs victims that they will launch a DDoS attack of 400-500 Gbps against them and demand ransom in Bitcoin. "Of late, they have been threatening exposure of targeted organizations via social media. Their goal is to publicly embarrass the company, thus harming its reputation and garner additional attention towards credibility for the service disruption. Their methodology has also changed in that they are utilizing multi-vector campaigns more readily as well as in some instances re-visiting previous targets that experienced some level of impact during the initial event. We have also observed this group incorporating a Layer 7 attack as part of the multi-vector attack," informs the blog.
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All you need to know about Bitcoinhttp://economictimes.indiatimes.com/news/international/business/all-you-need-to-know-about-bitcoin/articleshow/48910867.cms
Q. What is it?
A. Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency like the US dollar or the euro, it has no central bank and is not backed by any government.
Instead, its community of users control and regulate it. Advocates say this makes it an efficient alternative to traditional currencies, because it is not subject to the whims of a state that may wish to devalue its money to inflate away debt, for example.
Just like other currencies, Bitcoins can be exchanged for goods and services -- or for other currencies -- provided the other party is willing to accept them.
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Japan Charges Bitcoin Exchange CEO With Embezzlementhttp://www.newindianexpress.com/world/Japan-Charges-Bitcoin-Exchange-CEO-With-Embezzlement-Jiji-Press/2015/09/11/article3022392.eceJapanese prosecutors on Friday charged the head of collapsed Bitcoin exchange MtGox with embezzlement, Jiji Press news agency said, amid fraud allegations over the disappearance of hundreds of millions of dollars worth of the virtual currency.
The charges, which could not be immediately confirmed, come after France-born Mark Karpeles, 30, was taken into police custody in Tokyo last month over the affair. It was unclear if the indictment related to all or a part of the missing money.
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Use a search engine and earn bitcoinshttp://timesofindia.indiatimes.com/tech/tech-news/Use-a-search-engine-and-earn-bitcoins/articleshow/48877892.cmsIf you are a wordsmith and a bitcoin enthusiast, this new initiative should excite you. SearchTrade, a new start-up, is set to reward internet users for the time they spend on search-engines that have been integrated with the company's platform. So each time the user searches for information, he will be rewarded with satoshis (A satoshi is the smallest fraction of a bitcoin, 1 bitcoin is equal to 100,000,000 satoshis).
The user can even up his game by buying keywords. When others search for this keyword, he gets a return, once again in bitcoins. Keyword prices are set by the open market and SearchTrade provides an exchange platform for users to buy and sell keywords. In the pre-sale stage itself, SearchTrade has sold 389 keywords and generated 155 bitcoins (The purchase value of a bitcoin in the recent past in India has fluctuated between Rs. 14,000-15,000 approximately). Words as wide ranging as 'get', 'can', 'find', 'college' and 'wine' have found buyers during the pre-sale stage.
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On a related note, do you have to declare your bitcoin holdings in Schedule FA (Foreign Assets Declaration)?
According to a recent FAQ from IT dept, e-wallets need to be declared.
This is something I was not aware of. Do you have some link on this? I would argue that my bitcoins are held in India, and are not exactly foreign assets.  |
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But the thing here is that your passbook would show that you have "spent" 1 lakh as expenditure on something (buying bitcoin). But in the situation I explain, there is no INR involved for those 4 bitcoin. But tax is being paid.
The blockchain is your passbook. Plus, if you had received your payment in cash, there would have been no trace. |
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even if he were to pay tax on all 5 bitcoins at the price they were purchased and then capital gains tax on the 1 bitcoin he sold, how would he show the department where the money equivalent to the 5 bitcoins are? he has not sold some of them and so they are not in his bank account. Won't they ask him about it?
That is correct - tax on income from other sources (on the 5 bitcoins) and capital gains (on the 1 sold). The IT department won't ask you where the money is. Even if they do, you have bitcoins to show for it. Theoretically, you could have earned 1 lakh and bought 5 bitcoins. This is no different. |
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Bitcoin Whatsapp Gropp J O I N N O W hey friends...I have made a whatsapp group for learning bitcoin if you are a bitcoiner then just post your whatsapp number and we will add you there soon..lets help each other with our knowledges..maybe by that way we can learn things faster and better...I have spent 2years in bitcoin economy and I expect some good indian bitcoiners will join us we have some high ranked users and many low rank users too.. so lets get started I prefer the anonymity of a web forum. |
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Mumbai-Based Pointshelf Unveils Plans to Add Bitcoin Paymentshttp://gadgets.ndtv.com/apps/news/mumbai-based-pointshelf-teases-plans-to-add-bitcoin-payments-735325Mumbai-based Wallet based mobile payments app Pointshelf announced plans to integrate Bitcoin wallets on Twitter Wednesday.
Shiladitya Mukhopadhyaya, Co-Founder at Pointshelf, said that his app is focused on connecting merchants and customers, focusing on the F&B (food and beverage) sector at the moment.
"We want to be the universal payment app for dining out and the F&B sector. We want to make the experience seamless, and are interested in providing the customer a wider range of options, and taking the brunt of whatever regulatory or exchange rate that may happen," Mukhopadhyaya said, speaking to NDTV Gadgets.
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What you need to know about the future of blockchainhttp://economictimes.indiatimes.com/industry/banking/finance/banking/what-you-need-to-know-about-the-future-of-blockchain/articleshow/48753930.cmsBlockchain is extremely disruptive, especially for traditional banks and fi nancial services firms that are still powered by expensive legacy, technology systems. For banks that have not kept up with advances in fintech and have not invested in new-age systems around mobile wallets and cryptocurrencies, the threat of disruption is greater. Experts see blockchain technology as hugely disruptive since it completely overhauls the traditional methods of transacting and maintaining online records, and allows banks and people to directly exchange money without having to rely on the additional, more expensive layers of middlemen.
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All the best!
If is a very interesting concept.
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A new way to think about moneyhttp://www.thehindubusinessline.com/opinion/a-new-way-to-think-about-money/article7596679.ece
Bitcoin is still a bit of a mystery in India, although in some pockets of the world it has become a movement of sorts, representing individuals opposed to having their monetary transactions constantly scrutinised by government. In Digital Gold: Bitcoin and the inside story of the misfits and millionaires trying to reinvent money, Nathaniel Popper, a New York Times reporter, provides some lively insights into the creators of this unique virtual currency.
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Then tell list down how you obtained those bitcoin, along with acquisition costs.
How do I list acquisition costs for bitcoins, which are earned from signature campaign, giveaways, ad space selling, social media promotion ? Think of it as a 2 step process. You first earn money through signature campaigns (which has an INR value) and pay tax on that. When you sell the bitcoins later, you have capital gains or loss. The INR value of the bitcoins when you earned them becomes your acquisition cost. The value of btc keeps changing in terms of INR or USD everyday,how to keep track of all the bitcoin [there value in INR] one gets everyday from various sources That is the tough part. |
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My bet: 8500
Transaction id: 66574590f067db5f18deb22ff89b18e79508a7a68dce4916c3bd3854a4c1df8a
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