According to digital currency group Coindesk, over $490 million were flushed out of the cryptocurrency market due to wallet hacks in 2017 alone. The report says so far, none of the perpetrators of these crimes have been brought to book.

Though the banks have 'prohibited' their customers from dealing in crypto assets, experts believe there is no reason for investors to get jittery.

Regulators hate it, investors love it. The great tussle to find the middle ground for cryptocurrencies...

This is another step towards making good Finance Minister Arun Jaitley's promise of a comprehensive central legislation to deal with the menace of illicit deposit-taking schemes made in his Budget Speech two years ago.

Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea's financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges.

In 2017, the largest cryptocurrency Bitcoins price rose over 1,300 per cent, and it has been swinging wildly this year, worrying regulatory agencies globally. Nicolas Cary, Co-founder and President of Blockchain, the largest blockchain firm globally, provides the technology that supports storing and transactions of Bitcoins. He spoke to BT's Manu Kaushik over the phone, in the middle of a busy day at his London office.

Since the beginning of 2018, crypto-currencies are on adownward slope. According to a report by Bloomberg, the entire digital currencyhas lost 30 per cent in value in January alone.

India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.

There's a big lesson here for those looking to make a quick profit by snapping up digital currencies, Bitcoin, Ethereum, Litecoin et al, currently trading at a significant discount.

The cryptocurrency market has been in the red for a few days now, following news reports of regulatory crackdown in South Korea and China.

This morning, Bitcoin was down 17 per cent , Ethereum was down 21 per cent, Litecoin had dropped 20 per cent and Ripple a whopping 30 per cent.

Reliance Industries Chairman Mukesh Ambani lavished praise on the West Bengal Chief Minister Mamata Banerjee, unveiling an ambitious plan for his telecom company Reliance Jio in the eastern state.

Bitcoin faced the biggest one-day fall in three years with 18 per cent drop in selloffs across the market amid reports of the South Korean government launching a series of measures to regulate the cryptocurrency.

Within 24 hours of CoinMarketCap, a leading global index of digital currency prices, adjusting its listed data by removing a group of Korean cryptocurrency exchanges from its price calculations, total market capitalization crashed by more than $150 billion.

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.

Jaitley said that government has no way to stop terrorists and other criminal outfits from using cryptocurrencies, owing to their of the features of lack of dependence on the state which gives them a degree of anonymity.

The cryptocurrency, which was at about $1,000 at the year's start, had surged to a record high of $19,666 on Sunday in the lead up to exchange giant CME Group's launch of its bitcoin futures.

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

Investors are latching on to Litecoin not only because Bitcoin is now so expensive and possibly overdone, but also because it is actually a better alternative as it is more stable and has a lifetime cap of 84 million coins.