Tag Archives: Bitcoin

Dark net, bitcoin being used to smuggle drugs: Report

The “increasing” trend of using the ‘dark net’ and bitcoins to smuggle pharma medicines and illicit drugs to untouched segments of the population and youngsters in the country is becoming a new challenge for anti-narcotics agencies, a latest report has revealed. The “loose regime” of the sale of over-the-counter drugs and some select ayurvedic preparations is a trend that drug ... Read More »

Another Bank Says Its Credit Cards Can’t Be Used to Buy Bitcoin

The U.K. banking group Lloyds has banned its customers from using their credit cards to buy bitcoin and other cryptocurrencies. The move comes just a couple days after U.S. banks—from Bank of America and J.P Morgan to Citigroup, Discover and Capital One—told their customers not to buy virtual coins on credit. “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept ... Read More »

Bitcoin woes: Cryptocurrency investors unable to link bank accounts to wallets, says report

Though India is still straddling the fence when it comes to taking a stand on cryptocurrencies – the finance ministry is no fan but the RBI has not banned digital currencies like Bitcoin yet – retail investors in the country are already in a soup. According to a report in The Hindu BusinessLine, many investors are currently neither able to trade on several bitcoin ... Read More »

Bitcoin Rebounds, Rises 18% To $11,749

On Wednesday, bitcoin lost over half its peak value as it dropped to $9,850 After posting considerable losses for the two consecutive days, bitcoin (BTC) rebounded to reclaim $11,000 on Thursday. At 8.00 pm, the bitcoin prices trade at $11,749 on the CoinMarketCap. On Wednesday, bitcoin lost over half its peak value (attained exactly a month ago) when it dropped ... Read More »

Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild swings happened just days before trading in bitcoin futures begins on a major U.S. exchange. Major banks took notice, with ... Read More »

Bitcoin soars ahead of blockchain split, Ethereum lower

Reuters. The blockchain supporting bitcoin is poised to undergo a ‘hard fork’ on Tuesday   Investing.com – Bitcoin traded higher on Monday, on reports the blockchain supporting the cryptocurrency is poised to split into two, as some members refused to signal support for a major software upgrade aimed at speeding up transactions on the bitcoin network. On Tuesday August 1, ... Read More »