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Monday, May 6, 2024
TopicCryptocurrency

Topic: cryptocurrency

To keep up with TikTok & Bitcoin, India needs innovation in lawmaking too

Currently, laws dealing with modern technology are either ad-hoc or not truly responsive to the challenges posed by such technology.

Dr. Evil would love Mark Zuckerberg’s ‘GlobalCoin’, Facebook’s cryptocurrency

Given its access to people's transaction data, Facebook’s use of its own cryptocurrency should raise questions on the implications on privacy, potential data breaches, and credit scoring.

Lahore man donates Rs 80 mn worth property to dam fund, Pak CJ orders his medical exam

Here’s what’s happening across the border: Harvard Law School graduate questions legality of cryptocurrencies in Islamic finance; Pak women’s cricket team gives away 10 runs to India in T20 match.

Bitcoin uses healthy paranoia & not threat of violence to maintain online security

Despite the potential for abuse, no case of outsize influence has been reported in the decentralised Bitcoin network.

Blockchain startups tap economics Nobel winners as cryptocurrency fanfare wanes

Funding has fallen, and blockchain startups hope partnerships with Nobel laureates will change that.

Gujarat’s bitcoin-based Ponzi scheme could lead to India’s largest banking scandal

A $3 billion scam could be unfolding in Gujarat as probe into an alleged Ponzi scheme reveals tax evasion, police corruption and a fugitive politician. 

RBI’s ban on Bitcoins puts regulators’ accountability back under judicial scrutiny

India’s most trusted regulatory body, the Reserve Bank of India, has given the courts two opportunities to question its manner of taking significant decisions in the last two years.

Indian origin co-founder of a cryptocurrency company accused of $60 million fraud

The Federal Bureau of Investigation seized 91,000 Ether units, consisting of digital funds which amounted to $60 million. The fraudsters used to tell potential investors that Centra Tech had formed partnerships with Bancorp, Visa, and Mastercard to issue Centra Cards.

Cryptocurrency may be illegal in India, but dealers are finding ways to do business anyway

Crypto dealers are trying to identify institutions out of RBI’s purview, such as post offices, where money orders can be used to send and receive funds.

RBI bans Bitcoin, so why is it considering creating its own cryptocurrency?

The RBI may have barred its regulated entities from accepting cryptocurrencies, but it might just introduce its own and legalise it.

On Camera

Azad, Antony, Geetha—6 candidates to watch in 2024. Their win can reshape politics in states

While Chandra Shekhar Azad is a streetfighter who has caught the fancy of Dalit youth, Anil Antony is the face of the BJP’s fresh social engineering attempt.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.