Tesla bitcoin bet gives wings to India’s crypto hopefuls

09 Feb, 2021, 01.21 PM IST

Following Tesla’s disclosure, bitcoin surged 20 per cent to hit fresh highs of $47,000. It also put extra pressure on exchanges in India and abroad who faced some difficulty in processing orders as investors rushed to buy bitcoin.

RBI exploring need for crypto currency as digital payments rise

25 Jan, 2021, 07.51 PM IST

“Private digital currencies (PDCs) / virtual currencies (VCs) / crypto currencies (CCs) have gained popularity in recent years. In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks. Nevertheless, RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it,” the central bank said.

Bitcoin surge fuels hiring spree in crypto industry

23 Dec, 2020, 07.23 AM IST

CoinSwitch, Bitex, ZebPay, Unocoin and CoinDCX are among those hiring for roles across technology, product, finance, compliance and design. They are scaling up team sizes by 40-200%.

A millennial crypto victory bigger than the price of Bitcoin

27 Nov, 2020, 09.58 AM IST

Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old startup, were arrested in late 2018. No, they hadn’t pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap Bitcoin, Ether or Ripple for cash or vice versa. That was the whole point of Unocoin, their crypto token exchange. But the police were suspicious of the new-fangled “ATM.”

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