While Sensex made an intraday high of 39,917, Nifty crossed 11,800 level for the first time since July 5 to touch 11,809.40 mark intraday.

On July 5 last year, Bitcoin stood at $6,541.79 which has now risen to $9,450.68, translating into a rise of 44.47% during the period.

David Marcus, who heads the Libra project for Facebook, said he was still aiming for a June 2020 launch of Libra, but acknowledged it could miss that target due to regulatory hurdles

JPMorgan had declined to join the project due to concerns the digital currency could be used for criminal activities that would violate money-laundering and sanctions rules

Backed by Digital Currency Group and hedge fund BlockTower Capital, Hedera raised $124 million in August last year amid a slumping cryptocurrency market

RIL Chairman told shareholders that over the next year, Reliance Jio Infocomm will install one of the world's largest blockchain networks across India with tens of thousands of nodes operational on day one

The panel, headed headed by Finance Secretary Subhash Garg, however makes a clear distinction between the private cryptocurrencies and an official one that the government may consider  issuing in the future. Moreover, it advocated the use of Distributed Ledger Technologies, especially in financial services.

Emerging technologies like blockchain and smart contracts have helped fintech companies to enhance the security of consumer data and make the digital lending process more transparent.

Bitcoin fell 8 per cent on Tuesday, breaching $10,000 for the first time in two weeks after US lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies.

A Facebook spokesperson said that \"There are no plans to offer Calibra in India,\" \"As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.\" reported Bloomberg.

Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.