Snippets

TRON's market capitalization has grown six-fold from $2.8 billion on January 1 to $18.7 billion today. The barely four months old altcoin is now the sixth most valuable cryptocurrency, but one of only three starting out in green this morning along with Bitcoin and Ethereum.

There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money, the Finance Ministry said.

Axis Bank is in trouble after coming under the SEBI scanner for leakage of price sensitive information (PSI).

The first stroke of luck came when Ziddu.com changed its description to \"a Blockchain technology empowered solutions provider\".

Dr Reddy's (0.96%), ONGC (0.76%), Wipro (0.73%) and Infosys (0.54%) were the top gainers on the Sensex. TCS (1.04%), Adani Ports (0.15%) and Maruti Suzuki (0.08%) were the top losers on the Sensex.

Tax sleuths conducted 'surveys' at as many as nine Bitcoin exchanges in the country. During the investigation, the I-T department looked for evidence to establish identity of investors and traders, transactions undertaken by the Bitcoin traders in India.

Did leakage of Panama and Paradise Papers encourage tax evaders to put their unaccounted money in Bitcoins all over the world?

Snippets

Regulators don't seem to be in a hurry to regulate Bitcoins and cryptocurrency and have taken a wait and watch stand until issues of traceability and backing for underlying asset isn't in place. Only fear is they shouldn't lose oversight of the devil.

This is not the first time when bitcoin plummeted in a short span of time. In the last week of November, Bitcoin had lost more than a fifth of its value in just 24 hours. It first touched then an all-time high of $11,395 and quickly slid to $9,000.

The development comes at a time when Bitcoin, the oldest and most popular cryptocurrency in the world, is on a roll. The cryptocurrency has seen its value skyrocketing with respect to every major currency on positive global signs.

Bitcoin has been hailed as a revolution in monetary transactions, and a profitable investment, on account of its fast-growing value. It gained popularity due to the same reasons, despite no government authority controlling it.

The game changing Blockchain technology, which records transactions permanently in online ledgers, and lies at the core of virtual currencies like bitcoin, is taking baby steps in India.

Reserve Bank of India Governor Raghuram Rajan's statement comes amid persistent calls for interest rate cuts from the government and the industry.

Most of the affected Indians refused to identify themselves, fearing probing questions from tax and other authorities in India as they had mostly used untaxed money for purchase of those bitcoins and were looking for easy returns in this so-far unregulated market.

Roche has sought an injunction against two pharma companies - the Bangalore based Biocon and US-based Mylan. The two companies have launched a co-developed biosimilar of the drug Herceptin, which treats certain types of breast cancers. Formerly, Roche held the patent for Herceptin, but unexpectedly gave it up last year.

In the wake of the global financial crisis, many people are increasingly speculating in novel types of currencies in their pursuit of greater financial stability. Millions now use the Bitcoins for buying practically anything - ranging from art to home appliances to consumables to entertainment.