News for 'cryptocurrency'

India raises concern over use of drones by terrorists

India raises concern over use of drones by terrorists

Rediff.com29 Jun 2021

The possibility of the use of weaponised drones for terrorist activities against strategic and commercial assets calls for serious attention by the global community, India has told the United Nations General Assembly, a day after two explosives-laden drones crashed into the Indian Air Force (IAF) station at Jammu airport.

The Next Big Tech Revolution

The Next Big Tech Revolution

Rediff.com14 Dec 2021

Blockchain's promise: Dramatically speeding up transactions, explains Ajit Balakrishnan.

Govt issues notice to Twitter after recent hacking scandal

Govt issues notice to Twitter after recent hacking scandal

Rediff.com18 Jul 2020

The government has also demanded information on vulnerability exploited by attackers and modus operandi of the attack, and sought details of remedial measures taken by Twitter to mitigate the impact of the hacking incident.

Why Has RBI Scrapped Polymer Currency Notes Idea?

Why Has RBI Scrapped Polymer Currency Notes Idea?

Rediff.com9 Mar 2022

The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.

Blocking apps: Acid test for India's cyber laws

Blocking apps: Acid test for India's cyber laws

Rediff.com14 Jul 2020

The advent of artificial intelligence, blockchain technology and cryptocurrencies, and the increasing use of Internet of Things devices throw techno-legal challenges regarding privacy and security. Experts say, any expansion of power to the government to block web-services is detrimental to the interests of users, innovation, and India's larger technology ecosystem. The move to block the mobile apps is likely to have a lasting impact on the data security and privacy framework.

Crypto currency investors hit hard by RBI diktat to banks

Crypto currency investors hit hard by RBI diktat to banks

Rediff.com7 Apr 2018

'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'

Twitter accounts of Obama, Biden, Gates, Musk hacked

Twitter accounts of Obama, Biden, Gates, Musk hacked

Rediff.com16 Jul 2020

The account of former US vice-president Joe Biden, who is the current Democratic Party presidential candidate in the November election, was also hacked.

Kerala records most cybercrimes amid lockdown

Kerala records most cybercrimes amid lockdown

Rediff.com21 May 2020

The key threats seen during this period ranged from phishing attacks to rogue apps disguised as COVID-19 information apps that targeted users sensitive data.

RBI is open to exploring possibility of digital currency

RBI is open to exploring possibility of digital currency

Rediff.com25 Jan 2021

Amid increasing popularity of virtual currencies in various parts of the world, the Reserve Bank of India (RBI) on Monday said it is open to exploring the possibility of a digital version of fiat currency. Host of private digital currencies, virtual currencies and cryptocurrencies have gained popularity in recent years, though Indian authorities continue to remain sceptical about them. "In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks. "Nevertheless, the 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 RBI said in its booklet on 'Payment Systems in India -- Journey in the Second Decade of the Millennium'.

Start-ups, venture capitalists offer funds to tackle Oxygen scarcity

Start-ups, venture capitalists offer funds to tackle Oxygen scarcity

Rediff.com26 Apr 2021

Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.

LeBron draws social media ire over Hong Kong tweet row

LeBron draws social media ire over Hong Kong tweet row

Rediff.com16 Oct 2019

Morey's tweet of support for pro-democracy protests in Hong Kong prompted Chinese sponsors and partners to cut ties with the league and forced the National Basketball Association (NBA) to answer difficult questions about free speech.

Biden's Democracy Summit Fails To Impress

Biden's Democracy Summit Fails To Impress

Rediff.com13 Dec 2021

The Summit for Democracy seems to have done more harm than good, notes Ambassador T P Sreenivasan.

FinMin-RBI differences come to the fore again

FinMin-RBI differences come to the fore again

Rediff.com31 Oct 2018

The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.

The HOTTEST jobs of 2019

The HOTTEST jobs of 2019

Rediff.com16 Jan 2019

Automation, artificial intelligence, cryptocurrency and virtual reality would demand more jobs.

Despite rising Covid cases lockdowns are unlikely: RBI Guv

Despite rising Covid cases lockdowns are unlikely: RBI Guv

Rediff.com25 Mar 2021

The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue "unabated", Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22. Speaking at Times Network's India Economic Conclave, Das said, "We have 'insurance' to protect economic revival like a fast-paced vaccination drive, greater ability among people to follow COVID protocols", and one does not see lockdowns as well.

Is the NFT phenomenon a bubble? Or a new beginning?

Is the NFT phenomenon a bubble? Or a new beginning?

Rediff.com21 Mar 2021

Welcome to Non-Fungible Tokens (NFT) - digital constructs authenticated using an abstract mathematical application. An NFT is a unique token added to some digital construct and registered on a blockchain with details of ownership. The construct itself might be free (it often is) but the NFT along with the construct is worth "more". The NFT market didn't exist until 2017 when "cryptokitties", or virtual cats, became available with NFTs. The market is now worth around $350 million. Speculators believe it is likely to be worth much more in future.

Trump ban is 'right' but 'dangerous': Twitter chief

Trump ban is 'right' but 'dangerous': Twitter chief

Rediff.com14 Jan 2021

'I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we'd take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct?'

Dealing with bitcoins? Do so at your own risk

Dealing with bitcoins? Do so at your own risk

Rediff.com14 Dec 2017

Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.

'Current bull run calls for caution'

'Current bull run calls for caution'

Rediff.com3 Jan 2022

'It could tempt investors to pick stocks that are not fundamentally sound.'

India targeted by 5 Chinese hackers charged in US

India targeted by 5 Chinese hackers charged in US

Rediff.com17 Sep 2020

Deputy US Attorney General Jeffrey Rosen on Wednesday announced that three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals with helping some of those hackers target victims and sell the fruits of their crime.

2020: Supreme Court in many shades of grey

2020: Supreme Court in many shades of grey

Rediff.com30 Dec 2020

Sensitive cases like the validity of the scrapping of Article 370 of the Constitution, the Citizenship Act, and states challenging perceived assault on federalism were on the back burner. An analysis of the judgments delivered in the past months would show that it was acting more like a court of appeal rather than a Constitutional court, observes M J Antony.

Authorities across Asia battle illegal gambling surge ahead of World Cup

Authorities across Asia battle illegal gambling surge ahead of World Cup

Rediff.com11 Jun 2018

Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.

Made a Bitcoin fortune? Pay the tax now!

Made a Bitcoin fortune? Pay the tax now!

Rediff.com9 Nov 2017

Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.

How did the Twitter hack happen?

How did the Twitter hack happen?

Rediff.com31 Jul 2020

The hack may have been done by a rogue Twitter employee, or it may have been a smart hack into the Twitter system, or a social hack where someone conned Twitter's employees into giving them access,' suspects Devangshu Datta.

Despite odds, hunger for Bitcoins persists

Despite odds, hunger for Bitcoins persists

Rediff.com8 Feb 2018

Indian exchanges see spurt in volumes due to the entry of newcomers to the trade

Noose tightens around ponzi scheme operators

Noose tightens around ponzi scheme operators

Rediff.com9 May 2019

The move is aimed at protecting investors from parking their money in dubious schemes.

Want to migrate to Nithyananda's 'Kailaasa'?

Want to migrate to Nithyananda's 'Kailaasa'?

Rediff.com16 Dec 2019

'It's a moot point if Kailaasa will ever evolve beyond being a haven for a fugitive from justice,' notes Devangshu Datta.

Android users beware! Indian banks targeted by new malware

Android users beware! Indian banks targeted by new malware

Rediff.com7 Jan 2018

Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.

4 PIOs on Fortune's '40 under 40' list

4 PIOs on Fortune's '40 under 40' list

Rediff.com25 Jul 2018

Dhivya Suryadevara, chief finance officer of the US's largest automaker General Motors, comes in at the 4th spot, followed by Vimeo CEO Anjali Sud (14), cofounder and co-CEO of Robinhood, Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32).

ED questions Raj Kundra for over 9 hours as witness in bitcoin case

ED questions Raj Kundra for over 9 hours as witness in bitcoin case

Rediff.com5 Jun 2018

The businessman was summoned at the ED's office and was asked questions about the purported links of the alleged main accused of the case Amit Bhardwaj with his businesses.

Bengaluru loves Bitcoin!

Bengaluru loves Bitcoin!

Rediff.com20 Jul 2017

In the Silicon Valley of India, one can use the cryptocurrency to pay for food, buy bus tickets, order stuff online, and even get a haircut.

Australian entrepreneur identifies himself as Bitcoin founder

Australian entrepreneur identifies himself as Bitcoin founder

Rediff.com2 May 2016

Craig Wright identified himself as Satoshi Nakamato, the pseudonym he says he created when launching the currency in 2009.

Infosys bets big on blockchain technology

Infosys bets big on blockchain technology

Rediff.com27 Apr 2016

Infosys said it is in discussion with over 10 institutions globally for deploying the solution

All the perks of being a car owner, none of the pain

All the perks of being a car owner, none of the pain

Rediff.com2 Nov 2017

Drivezy is helping people share their vehicles.

Rajya Sabha creates record, takes up all listed questions after 15 years

Rajya Sabha creates record, takes up all listed questions after 15 years

Rediff.com2 Jan 2018

The last time all listed starred questions were taken up was in 2002 during the 197th Session of the Upper House, officials in the Rajya Sabha secretariat said.

Why I hoard coins

Why I hoard coins

Rediff.com15 Apr 2018

'The childhood urge to amass wealth may account for one's inexplicable urge to stockpile change, for there is nothing more gratifying than to lift a box heavy with one's treasure, more satisfying somehow than all the zeroes the Kochhars, Modis and Mallyas appear to have allegedly scammed our banks over,' says Kishore Singh.

How insurance firms plan to make your life easier

How insurance firms plan to make your life easier

Rediff.com29 Aug 2017

Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal

Richest Indian is just 18 ranks behind Jezz Bezos

Richest Indian is just 18 ranks behind Jezz Bezos

Rediff.com7 Mar 2018

The 20 richest people on the planet are worth a staggering USD 1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.

'Indian stock market is more vulnerable than any other'

'Indian stock market is more vulnerable than any other'

Rediff.com7 Feb 2018

Jim Rogers, chairman of Rogers Holdings, tells Puneet Wadhwa that the US bond market that hit bottom in 1981 and has been in a bull-run since then, is coming to an end.

Worry lines are back for govt as crude hits $80 a barrel

Worry lines are back for govt as crude hits $80 a barrel

Rediff.com19 May 2018

"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.