The industry is excited about blockchain technology but understands that it will need a lot more p2P consensus to make it feasible.

The Supreme Court is currently hearing a case between virtual money exchanges and the RBI, and the next hearing on the matter is scheduled for September 17.

Chinese crypto-mining equipment makers plan to get listed in Hong Kong; major international airlines are beginning to pad their schedules with extra time to give the impression that the aircraft are arriving on time; diesel and petrol prices have hit new record high. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

The SFIO arrested Bhushan Steel promoter Neeraj Singhal for allegedly siphoning off Rs 2,000 crore; Sensex closed above 38,000 for the first time ever on Thursday; and bitcoin and crypto-currency bashing continues unabated. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Centre has doubled import duty on 328 textile products to 20 per cent; public sector banks penalised their customers by over Rs 5,000 crore in fiscal 2017-18; and Jamie Dimon yet again denounced Bitcoin and cryptocurrencies. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.  

Railways has announced that vacancies for assistant loco pilots and technicians have been doubled to 60,000; Paul Krugman said that Bitcoin and other cryptocurrencies have set the monetary system back by 300 years; and the government is struggling to meet its monthly GST revenue target. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Vijay Mallya 'devastated' to lose control of Force India F1 team Liquor barron Vijay Mallya is 'devastated' to have lost control of the Force India Formula One team but the embattled tycoon should still have a say in what happens next, according to his right-hand man Bob Fernley. The Briton, who was deputy team principal until a court-appointed administrator took charge last Friday, told Reuters that Mallya would act in the best interests of a team he acquired in 2007. Mallya...

Ever since the banks were stopped from providing financial services to digital exchanges, the trade of Bitcoin through Dabba trading has increased manifold, and the whole purpose of stopping the flow of illicit money seems to have been defeated.

Banga refers to the indictment of 12 Russian intelligence officers in the hacking of the DNC and for interfering in the US elections, saying the FBI had disclosed the Russian agents handled the most delicate transactions using Bitcoin.

Govt to withdraw FRDI Bill in current Parliament session; Air India disinvestment is not possible due to high oil prices and forex conditions, says Jayant Sinha and global cyrptocurrency valuation went up by over $20 billion as the world's most popular crypto Bitcoin saw its price surge from $6900 to $8000 within 30 minutes. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Back in April, the RBI instructed all entities it regulates to stop dealing with cryptocurrencies, like Bitcoin, in three months. This prevented investors from buying crypto currencies in exchange of rupee. The RBI ban came into effect from July 5.

The RBI had in April directed all the banks to stop dealing with individuals and businesses dealing in virtual currencies in next three months - the deadline ended on July 5.

State Congress leadership has alleged that state BJP leaders could be involved converting \"black money into white\" through hawala network using the non-regulated digital currencies like bitcoin.

Today we are disabling the rupee deposit and withdrawal options on the Zebpay app. This is being done in light of the bank account closures as per the RBI guideline, says the company.

All the banks and financial entities after tomorrow will stop operating accounts that are in any way linked to virtual currency trade. So, if you are still invested in Bitcoin or any other cryptocurrencies, it's time to think about the options in front of you.

The SC is scheduled to hear the petition against the RBI circular on July 20, but had agreed for an early hearing on July 3 on a separate petition filed by Internet and Mobile Association of India, which considers the cryptocurrency exchanges as its members.

The apex bank had in April directed all the banks to stop dealing with individuals and businesses dabbling in virtual currencies in next three months - the deadline ends on July 5.

Technology startups in the blockchain space around the world have raised funds by selling cryptocurrencies, or tokens directly to investors in initial coin offerings (ICOs), bypassing banks or venture capital firms as intermediaries.

Zebpay says the company may not be able to honour people's request after the deadline if banks discontinue its services as directed by the Reserve Bank of India.

The company has allowed advertisements dealing withcryptocurrencies on the social network platform. However, there will be anapplication process to ensure any misuse of the relaxed policy.