Cryptocurrency is the new remittance currency for Indians

 Non-Resident Indians (NRIs) across the globe are using cryptocurrencies for remittance to avoid expensive cross-border payment transfer charges. Recently, all of the major cryptocurrency exchanges have seen at least a 100 percent rise in trade and investment. A World Bank committee has suggested the benefits of Central Bank Digital Currency (CBDC) in cross-border payments. The process of […]

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Crypto’s Ugly side: Bitcoin’s thirst for energy

The rise in demand for cryptocurrencies, particularly Bitcoin (BTC), has led to an unprecedented increase in consumption of energy. Bengaluru: A single Bitcoin (BTC) transaction now needs roughly five times the energy required to complete 100,000 VISA (debit/credit card) transactions. According to a new report by digiconomist, it takes 821 kWH of energy to complete […]

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The Thief Lurking In Your Device

Hackers are infecting devices with crypto-malware to steal computing power. By Sharathkumar Nair Bengaluru, April 8, 2019 The world has been gripped by a new wave of cryptocurrency revolution. The advent of Bitcoin in 2009 has created new ways for people to do transactions globally. Bitcoins were primarily created as an alternative to the traditional […]

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Security lapses, bank freeze lands Indi-Bitcoin wallets, investors in a soup

In the post 2017 Bitcoin boom world, the Indian cryptocurrency economy continues to remain a risky territory as local wallet providers face RBfI raids, bank account freezes, and security lapses. Bangalore, January 23, 2018: “Want to buy a bitcoin? It might be easier than buying a pizza,” a city-based Bitcoin wallet provider said at a recent […]

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