RBI Lost Case on Cryptocurrency in Supreme Court, It Must Stop Behaving Like Sore Loser
Cryptocurrencies likely to be treated as commodities, may face taxation: Report
The government's draft cryptocurrency bill is likely to come up with a definition for virtual coins, determining how they will be regulated and taxed. Here is all you need to know.
The much-awaited cryptocurrency draft bill may propose to define cryptocurrencies and classify them based on usage. The move is likely to benefit Indian cryptocurrency investors who have been waiting for a concrete law to regulate virtual coin trading.
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"Banking on Bitcoin" is a helpful, critical look at cryptocurrency.
Unless you’ve been completely avoiding the news—and in dumpster fire of America that is 2017, I can’t blame you—you’ve probably heard of Bitcoin. You probably also have no idea what Bitcoin or “the blockchain” actually are. Then again, no one really seems to. Bitcoin may revolutionize the world or be the biggest financial bust since the Dutch Tulip mania. Either way, the “cryptocurrency” has skyrocketed in value in recent years leading to Bitcoin millionaires and such a scramble to get on the gravy train that people are even mortgaging their houses to buy Bitcoin. If you’d like to learn about the strange history of Bitcoin, and it’s possible radical future, you should watch Banking on Bitcoin, a 2016 documentary currently streaming on Netflix.
https://www.gq.com/story/what-the-hell-is-bitcoin-let-this-documentary-on-netflix-explain
https://www.gq.com/story/what-the-hell-is-bitcoin-let-this-documentary-on-netflix-explain
Bitcoin surpasses $10,000 for the first time
One bitcoin can now buy a Tiffany engagement ring.
The digital currency hit $10,000 Tuesday, according to CoinDesk, marking an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year.
The cryptocurrency had hovered above the $9,800 level for most of the day, but finally broke through the milestone level around 8:30 p.m. ET, according to CoinDesk. After a brief stutter, bitcoin continued its march higher, hitting $10,358.31 by 10:39 p.m. ET.
https://www.cnbc.com/2017/11/28/bitcoin-surpasses-10000-for-the-first-time.html
The digital currency hit $10,000 Tuesday, according to CoinDesk, marking an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year.
The cryptocurrency had hovered above the $9,800 level for most of the day, but finally broke through the milestone level around 8:30 p.m. ET, according to CoinDesk. After a brief stutter, bitcoin continued its march higher, hitting $10,358.31 by 10:39 p.m. ET.
https://www.cnbc.com/2017/11/28/bitcoin-surpasses-10000-for-the-first-time.html
Bitcoin Blasts to Record $10,000 as Bubble Warnings Multiply
Bitcoin surpassed $10,000 for the first time, taking this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble.
The euphoria is bringing to the mainstream what was once considered the providence of computer developers, futurists and libertarians seeking to create an alternative to central bank-controlled monetary systems. While the actual volume of transactions conducted in cryptocurrencies is relatively small, the optimism surrounding the technology continues to drive it to new highs.
https://www.bloomberg.com/news/articles/2017-11-29/bitcoin-leaves-skeptics-behind-while-blasting-to-record-10-000
The euphoria is bringing to the mainstream what was once considered the providence of computer developers, futurists and libertarians seeking to create an alternative to central bank-controlled monetary systems. While the actual volume of transactions conducted in cryptocurrencies is relatively small, the optimism surrounding the technology continues to drive it to new highs.
https://www.bloomberg.com/news/articles/2017-11-29/bitcoin-leaves-skeptics-behind-while-blasting-to-record-10-000
Kim Dotcom: Bitcoin Price Will Hit $2,000 in Two Years
Bitcoin has undergone an impressive rise and is hovering at around the $611 mark. That’s about $7 higher than it was during our last price piece. However, if Kim Dotcom has anything to say about it, the bitcoin price will be much higher in the next couple years.
Read more: http://bitcoinist.net/kim-dotcom-bitcoin-price-2000/
Read more: http://bitcoinist.net/kim-dotcom-bitcoin-price-2000/
Go with Bitcoin, Skip Central Banks, Says Billionaire Finance Manager Bill Gross
In his latest investment outlook letter released today, billionaire bond manager Bill Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund has notably picked bitcoin as an attractive storage of wealth for investors, while delivering a damning verdict on the manner in which the central banking system is administered.
Read more: https://www.cryptocoinsnews.com/go-bitcoin-skip-central-banks-says-billionaire-finance-manager-bill-gross/
Read more: https://www.cryptocoinsnews.com/go-bitcoin-skip-central-banks-says-billionaire-finance-manager-bill-gross/
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