Bitcoin, your own cashhttp://telanganatoday.news/bitcoin-your-own-cash
While demonetization was a big bold move, it certainly created a crisis for most people. People had money but suddenly did not have the means to carry out a transaction, since they did not have cash. It’s worth asking; if people didn’t have access to a currency why couldn’t they just create a currency of their own? That may sound silly, but any currency is ultimately based on trust.
As it happens, people designing and adopting a currency on their own has been done. Infact a secure, fraud and corruption proof currency, powered by software technologies is already in circulation under the name ‘Bitcoin.’ In India we haven’t heard about this too much but this cryptocurrency has seen widespread adoption internationally.
Bitcoin is a currency introduced in 2008, where transactions take place directly between users, without any intermediary. Let us look a few prominent features of this cryptocurrency:
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Wouldn't the authorities be concerned by we all just start buying bitcoins over internet through cards?
When you use credit cards for FX transactions, it is your responsibility to ensure that you comply with all applicable rules and regulations. The authorities can scrutinize transactions at any time. |
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The Dakar digital dollarhttp://www.livemint.com/Home-Page/LdBXRnAicNvaBcRsIuEVCL/The-Dakar-digital-dollar.html
Senegal, of which Dakar is the capital, announced last week that it will be issuing its own national digital currency. Senegal is the western most point in Africa, and its currency is actually not the dollar but the Central African Franc or CFA Franc, a currency that is shared by 14 countries in Africa, most of which were former colonies of France. These countries now have a loose monetary union much like the Euro region to the north of them, to whose currency the CFA Franc is pegged. Senegal’s new eCFA digital money will be legal tender and will share this status alongside the CFA paper money currently in circulation.
Unlike bitcoin and other ‘crypto-currencies’ which are as yet largely unregulated and therefore uncontrolled by national governments, using digital money backed by blockchain technology still allows governments and central banks to control the flow of currency, and dictate how much of it is in circulation. The Senegalese eCFA was made possible by a joint effort by Banque Régionale de Marchés and Dublin-based blockchain start-up eCurrency Mint Limited. The currency will be distributed solely by the central bank, and has passed e-money regulations set by the Central Bank of the West African Economic and Monetary Union.
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South Africa facing the weakest Srilankan team and with a team like this they wont be able to challenge any teams outside the sub continent. Sri Lanka some how managed to win the T20 series against a third string South African Team but when it comes to the 50 over match it is a different ball game as South Africa recalled their best players and so it is a gone case.
After losing the first 2 matches, it is very difficult for Sri Lanka to make a comeback in this series. Their batting seems prone to crumbling and none of their batsmen seem to be in fluent touch. South African batsmen, on the other hand, have notched up multiple hundreds. Usually, most of the Asian team batsman are not so good in playing on fast tracks. Particularly SL team is not doing that good for quite some time but it is a one-day match and any batsman can click for the day. If one or two guys play good today then they can give a surprise to SA team. It all needs a good confident start for the match. i don't know why the Asian pitches are so slow. if the asian teams know that fact that they feel difficult to perform on fast pitches when are out Asia. they should try to prepare fast pitches in their home grounds so as to become use to with fast pitches and when they are out of their country then they can also perform good specially in Australia. Traditionally, it had something to do with the soil in Asia. But nowadays, slow pitches are prepared to give subcontinent teams and advantage when other teams visit. Overseas teams usually struggle against spin. |
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Finally an international exchange accepts INR (if that what the mail implies) and bitstamp is the best possible site we can buy bitcoins from. I was thinking to trade on international exchanges and sell on Indian exchanges as it's profitable with the fluctuating rates (international exchanges offer market rates while Indian ones offer 5% more than the market rates).
They are not accepting INR, Bitstamp or Card company will charge mark up fee for $. Not sure about debit card but I checked through credit card bitstamp charging 8% fee so I don't think it's viable option. I was aware that there would be some conversion fee but 8% is just too high which makes trading a loss rather than a profit. I just checked the FAQ and on top of all that, they have a huge withdrawal fee too. International withdrawals are charged with 0.09% fee, minimum fee is $15.00. Minimum amount for international withdrawal is $50.00. Indian exchanges are most preferred compared to international exchanges. That just kills any advantage that an overseas exchange has. If there was any way to arbitrage the differences, professional traders would have done it by now. |
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The RBI seems to be more keen on warning people about the risks associated with Bitcoin. In case of a MtGox / Bitfinex like situation (touch wood) in India, people shouldn't think that the RBI had been caught napping.
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RBI says it hasn't authorised use of Bitcoins; flags risks http://www.business-standard.com/article/pti-stories/rbi-says-it-hasn-t-authorised-use-of-bitcoins-flags-risks-117020101273_1.htmlThe Reserve Bank today said it has not authorised dealings in or use of virtual currencies, and cautioned those investing in the instruments like Bitcoins.
"The Reserve Bank advises that it has not given any licence/authorisation to any entity/company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader etc. Dealing with virtual currencies will be doing so at their own risk," it said in a statement.
Those investing in such virtual currencies are exposing themselves to potential financial, operational, legal, customer protection and security related risks, it warned.
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Bosch, Cisco, BNY Mellon, others launch new blockchain consortiumhttp://telecom.economictimes.indiatimes.com/news/bosch-cisco-bny-mellon-others-launch-new-blockchain-consortium/56827980Cisco Systems Inc, Bosch Ltd and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve "internet of things" applications, as sectors beyond finance seek to benefit from bitcoin's underlying technology.
The group, which also includes Bank of New York Mellon Corp , Foxconn Technology Group, security company Gemalto and blockchain startups Consensus Systems (ConsenSys), BitSE and Chronicled Inc said on Friday that they will collaborate to develop a shared blockchain protocol for the internet of things - the concept that everyday objects, from washing machines to shipping containers, will be connected to the internet and will be able to send and receive data.
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Hello everyone
Does it good to invest the Bitcoin in paid to click site that give fixed earning
I have invested 0.005btc to upgrade the account
And the site is giving back 0.0075btc ( fixed income )
Profit of 0.0025btc
The site is new and also giving free credit for advertisement after purchasing the membership
Investment of 0.005 btc giving fixed return of 0.0075 btc sounds too good to be true. A potential scam site.I would warn everyone to stay away. It definitely will be a scam. Plus the OP already has negative trust. Best to stay away from such sites. |
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It is really very good move as now we Indians will be able to obtain the bitcoin debit card as all bitcoin debit card issuers are not giving to Indians as they are not getting permission from the banking institutions. This move will be more good for the bitcoin users in india
Nope, the two have no connection. Banks are testing blockchain platforms, which will cut costs for them. Bitcoin still remains an untouchable for banks in India. So don't get your hopes high. |
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Blockchain and Bitcoins: The Renaissance of Moneyhttp://indianexpress.com/article/technology/opinion-technology/blockchain-and-bitcoins-the-renaissance-of-money/
What is Blockchain?
The blockchain is a new infrastructure system for sharing records which was invented to create the peer-to-peer digital cash Bitcoin in 2008. It is a technology that makes creating and sharing of a digital ledger of transactions similar to bank ledgers.
However, unlike bank ledgers, blockchain records are not controlled by any central authority. The ledger file is shared among all the participants on the network called miners. Anyone can participate in the network by just downloading the open source bitcoin software.
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Blockchain tech needs regulation: MonetaGo
http://www.business-standard.com/article/finance/blockchain-tech-needs-regulation-monetago-117012600495_1.htmlThe technology that was invented for Bitcoin, the digital currency, has found more takers elsewhere, especially in finance, collateral management and even the capital market.
With the ‘blockchain’ technology (BCT) finding more takers, “all those connected, like user companies, cryptography and software service providers, hardware providers, etc, should be regulated”, says Jesse Chenard, chief executive of MonetaGo, among the very few global blockchain solution providers.
In an interview to this newspaper, Chenard, who was in India last week, said his company had a consultation with the Institute for Development and Research in Banking Technology (IDBRT), set up by the Reserve Bank of India (RBI) to find a proof-of-concept on the applicability of BCT to a trade finance application, with active participation of the National Payments Corporation of India, banks and solution providers.
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Did anybody notice that this is a sponsored article? Who would be interested in sponsoring a generic article on Bitcoin, in an Indian newspaper?  |
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Rise and fall of Bitcoin, does history repeat itself? http://www.business-standard.com/content/specials/rise-and-fall-of-bitcoin-does-history-repeat-itself-117012300856_1.htmlJust four days into the New Year, investors trading bitcoin in 2017 were already experiencing a boom after its value hit the roof and went way above the $1,000 psychological ceiling. On January 4th, 2017, the value of bitcoin, the crypto currency that has caught the attention of many globally but only a few understand how it operates, shot up to $1,153.02. This was about $13 shy of the all-time high, it hit on November 30th in 2013 when its value reached the highs of $1,165.89. In addition, this was the second time bitcoin had blown the $1,000 mark in its eight years of existence.
The hype surrounding the rise in the value of bitcoin was, however, short-lived. About 10 days after the digital currency hit new highs in value, the Chinese government issued a statement that saw bitcoin value drop drastically in a matter of days. In their statement, the Chinese government through People’s Bank of China said that its representatives had met with the major bitcoin exchanges based in China, to review and reinforce the importance of the digital currency sector operating within the relevant laws and regulations. This news sent negative sentiments across the bitcoin markets and prices started falling. By January 18th, 2017, the value of bitcoin had fallen by about 25%, to trade at about $869.
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Blocktrust founder sees bright future for Vizag
http://www.thehindu.com/news/cities/Visakhapatnam/Blocktrust-founder-sees-bright-future-for-Vizag/article17079593.ece
Vijayakumar Konda, co-founder of Blocktrust, one of the companies which started operations at FinTech (financial technology) Tower in the city, is confident of Visakhapatnam finding a place on the world IT map in three to five years.
In an email interview, he has told The Hindu that the city has the potential to become the next generation digital technology hub with the State government’s decision to develop it into a FinTech Valley.
Blocktrust specialises in Blockchain, a new technology considered an improved format of Bitcoin as it typifies proof of all the transactions on the network. It facilitates recording of all or some recent transactions and once completed puts it into Blockchain as a permanent database.
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Hello Friends ,
If You want 200 INR worth Of Bitcoins for free , There exists a code which you can Use to Get It for free .
You Can Reply Or Pm to get that .- Only For Indian Bitcoin Users
Thanks
A little more detail would be helpful. How will you check whether the users are Indian? Does it involve giving your phone number? I value my privacy and wouldn't trade it for Rs 200.  |
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Hi All,
Bychance anybody knows or have any experience about the site Belfrics.in . They are now in India as per their site and existing @ multiple counties. Their Bid is @ 60500 & Ask @ 61840 which is 3-4k less then Indian markets. Let us know the review about the site.
If that is true, then nobody will go to them to sell any bitcoins. There seems to be a clear arbitrage opportunity here. I wonder how long before professional traders start taking advantage of it. |
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