Introduction: While Bitcoin started more than a decade back in 2008, total market capitalisation of all cryptocurrencies was only $20 billion in early 2017. This went up to $289 billion in next three years and thereafter exploded to reach a peak of $2.9 trillion in November 2021. In the last three months it has …
GS Paper 3: Topics Covered: IT and related issues. RBI wants full ban on crypto, legal experts say it is too late: Context: On Christmas Eve in 2013, the Reserve Bank of India (RBI) had issued a note cautioning Indians about financial, legal and security risks of cryptocurrency. It came four years after the …
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GS Paper 3: Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. New Crypto Bill Context: The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 will introduce in the winter session of Parliament. Key Provisions: It seeks to regulate cryptocurrency and ostensibly …
Context: Reserve Bank of India (RBI) Governor is absolutely right in saying we need some more debate and discussion before cryptocurrencies are adopted in India. Prime Minister warned that bitcoin presents a risk to younger generations, sounding a hawkish tone as his government prepares to introduce legislation to regulate cryptocurrencies. PM Modi framed …
GS Paper 3 Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Context: Reserve Bank of India (RBI) Shaktikanta Das has sounded alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency. Concerns raised: Cryptocurrencies are a very serious concern from …
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Topics Covered: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Should you invest in Bitcoin? Context: Bitcoin, the cryptocurrency, has crossed $20,000 in value. What is a Bitcoin? An electronic cash system, which would “allow online payments to be sent directly from one party to …
Introduction: In recent years, cryptocurrencies have taken the financial world by storm. Spearheaded predominantly by Bitcoin, there’s been a phenomenal rise in the price of cryptocurrencies. Today, there are over a thousand cryptocurrencies in existence. Not just individuals, big firms and businesses are also getting into the cryptocurrency business. Tech giant Facebook proposed to …
Insights into Editorial: Understanding bitcoins and blockchain 14 June 2016 Article Link With countries like China and India trying to regulate the sale of bitcoins and their issuance through blockchain, more people including netizens seem to have become interested in the technology. However, not many including bankers are aware of the technology and their implications …
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DOWNLOAD PDF BITCOIN : An Electronic Payment System , detailed explanation. Namit 1. What is it 2. Overview 3. Controlling Money Supply 4. Robocoin 5. Suggested Readings What is it ? An electronic payment system/ virtual currency system which means it is just a vehicle or conduit by which two parties transact over the internet. …
