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Facebook's digital coin set to run into rough weather

The move to launch 'Libra' comes at a time when Facebook is under intense pressure from regulators, shareholders and users to address privacy shortcomings. 

Jun 21, 2019, 15:03 PM IST

Only 1 in 10 people know how cryptocurrency works: Survey

"To date, four in five people (81 per cent) have never purchased cryptocurrency, highlighting just how far away we are from it being accepted as a common form of payment or investment," the findings showed.

Jun 21, 2019, 14:59 PM IST

Facebook accused of copying Calibra logo from online bank

Earlier this week, Facebook announced its own global digital coin called `Libra`, to be managed by a governing body called the Libra Association. Calibra is the name of the subsidiary that would run the wallet.

Jun 21, 2019, 12:19 PM IST

Facebook plans to launch cryptocurrency called Libra

Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin set to launch in the first half of 2020, according to marketing materials and interviews with executives.

Jun 18, 2019, 16:04 PM IST

Bitcoin users may get jail term of 10 years as government plans law to ban cryptocurrency

The "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019" draft has proposed jail term of 10 years for persons who "mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies".

Jun 10, 2019, 16:03 PM IST

Facebook may introduce its cryptocurrency in June

The cryptocurrency, under Facebook`s "Project Libra", is reportedly aimed at allowing Facebook`s global users to transfer money across borders and to make online purchases.

Jun 06, 2019, 15:32 PM IST

Facebook to launch its cryptocurrency next year: Report

Facebook, which owns WhatsApp and Instagram, is gearing up to launch its own cryptocurrency next year, the BBC reported on Friday.

May 24, 2019, 20:09 PM IST

Mystery deepens over dead CEO with $145 mn worth crypto passwords

As the mystery deepens around the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange Quadriga CX, new details have emerged leading to speculation and allegations.

Feb 08, 2019, 20:05 PM IST

Government planning to come out with its own cryptocurrency: Sources

In April, the Reserve Bank had announced a study to explore introduction of fiat digital currencies which can be issued by it.

Aug 06, 2018, 18:02 PM IST

Google bans cryptocurrency miners on Play Store

However, apps that remotely manage the mining of cryptocurrency are not facing any such restriction on the Play store.

Jul 27, 2018, 11:38 AM IST

Bengaluru, Mumbai contribute to nearly 50% of all blockchain job postings in India

Blockchain development is fast gaining favour for a number of applications ranging from monetary transactions to legal documentation.

Apr 10, 2018, 13:36 PM IST

Google bans cryptocurrency advertising, bitcoin price slumps

Google said that it would ban ads for cryptocurrencies and related content such as initial coin offerings, crypto exchanges and cryptocurrency wallets.

Mar 15, 2018, 12:15 PM IST

Uber co-founder to launch new cryptocurrency

Camp, who is also the founder of the accelerator fund Expa, wants Eco to be a digital global currency that can be used as a payment tool around the world for daily-use transactions.

Mar 03, 2018, 10:50 AM IST

Cybercrimes cause losses of $600 billion a year to global economy, says report

Cybercrime losses are greater in richer countries; however, the countries with the greatest losses are mid-tier nations.

Feb 22, 2018, 18:58 PM IST

Bitcoin slides below $6,000; half its value lost in 2018

The virtual currency hit a peak of almost $20,000 in December.

Feb 06, 2018, 14:45 PM IST

Facebook bans Bitcoin, other cryptocurrency ads on its platforms

The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices

Jan 31, 2018, 09:59 AM IST

Reliance Jio to develop its own cryptocurrency JioCoin: Report

Mukesh Ambani’s elder son Akash Ambani will reportedly lead the JioCoin project.

Jan 12, 2018, 09:43 AM IST

Eastman Kodak unveils cryptocurrency, stock doubles

The film pioneer founded over a century ago has struggled to transform itself into an imaging software and technology company.

Jan 10, 2018, 09:22 AM IST

India's first bitcoin trading app launched

The app would permit a range of transactions, including payments, remittances, business-to-business commerce, supply chain finance, asset management and trading.

Dec 28, 2017, 15:40 PM IST

Bitcoin falls 30%, posts worst week since 2013

In the futures market, bitcoin one-month futures on Cboe Global Markets were earlier halted due to the steep price drop, while those trading on the CME hit the limit down threshold.

Dec 23, 2017, 14:46 PM IST