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Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Monsoon Session of Parliament in New Delhi, on 9 August 2021 | PTI

India has no proposal to recognise Bitcoin as currency: Nirmala Sitharaman in Parliament

Sitharaman said the Modi govt doesn't collect data on Bitcoin transactions. Centre plans to introduce cryptocurrency bill that seeks to ban all but a few private cryptocurrencies.
Representational image of cryptocurrency | Yahoo

Modi govt must not ban cryptocurrencies. But regulation shouldn’t be slack either

The revenue generated from cryptocurrencies can be an incentive for the Modi government to allow this trade with restriction rather than ban it and lose the 'sin tax'.
Karnataka Chief Minister Basavaraj Bommai | File photo: PTI

Bitcoin scandal can’t be buried as PM Modi reminds Bommai of priority — clean government

Karnataka CM claimed after last week's meeting with PM that while bitcoin scandal was discussed, Modi told him to 'not worry'. Now ministers say PM sought clarifications.
Representational image of cryptocurrency | Yahoo

Sriki-Bitfinex scandal exposed gap in crypto exchange. Govt must pass innovation-friendly law

Parliamentary Committee on Finance to evolve a consensus on crypto regulation. The question is—what should it look like?
Suspected cybercriminal Srikrishna and Karnataka CM Basavaraj Bommai (R) | Illustration: ThePrint

Multi-crore scam or hearsay-driven panic — what we know about Karnataka bitcoin scandal

Congress has trained guns on BJP over the alleged bitcoin scam in Karnataka. But CM Bommai has described it as a non-issue and prime suspect wants journalists to 'chill'.
Congress chief spokesperson Randeep Surjewala holds a press conference on the alleged multi-crore Bitcoin 'scam' in Karnataka, on 13 November 2021 | Twitter/@rssurjewala

Congress seeks SC-monitored SIT probe into alleged Bitcoin ‘scam’ & ‘cover-up’ by Karnataka BJP govt

New Delhi: The Congress on Saturday alleged a multi-crore Bitcoin scam and its cover-up by the BJP government in Karnataka and demanded that an independent investigation be conducted into the matter by a Supreme Court-monitored SIT. Addressing a press conference, Congress general secretary and chief spokesperson Randeep Surjewala posed a set of six questions to the prime minister and asked what was the role of Karnataka Chief Minister Basavaraj Bommai, who was the state's home minister when the scam took place. He asked why international investigative agencies, including the Interpol, were not informed about the stolen Bitcoins. "India's biggest ever 'Bitcoin Scam' has been unearthed in Karnataka. Instead of conducting a fair investigation, the BJP government of Karnataka appears to be preoccupied with 'Operation Bitcoin Scam Coverup'," he alleged. "This is not a money laundering crime alone, this is an international crime. Considering how shoddily and compromised the investigation has been done, I...
A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg file photo

Amid political pressure over alleged bitcoin scam in Karnataka, hacker arrested – over a brawl

Hacker Srikrishna Ramesh alias Sriki is being investigated in the multi crore scam currently by three different departments -- the Enforcement Directorate, Cyber Crimes wing of the CID and the Central Crime Branch of Bengaluru police.
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What you must know about India’s digital currency and how it differs from Bitcoin

With the rising rate of cryptocurrency adoption worldwide, many countries like India have started to test the waters of digital currency by launching their own Central Bank Digital Currency (CBDC). But how does it work?
A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg file photo

Bitcoin rallies above $66,000 to fresh all-time high in Crypto’s ‘validating moment’

Bitcoin has climbed to its latest high atop a tide of pandemic-era liquidity, speculative bets and expectations of wider adoption by institutional investors.

Why stablecoin, less volatile than Bitcoin, Ethereum, is here to stay

Stablecoins have begun to acquire mainstream appeal, clocking $3 trillion in transactions in the first half of 2021.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.
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