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.

Mark Li, an analyst at Sanford C. Bernstein, said in a report on Sunday technology giant Apple was one of the impacted customers but a swift recovery in the fourth quarter should keep the impact minimal.

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.

Ex-Google AI head to lead Apple's Siri, machine learning teamsApple has appointed former Google AI chief John Giannandrea as the head of its various artificial intelligence divisions. He will lead the machine learning division, the Siri team and the Core ML team at Apple. Core ML is the machine learning API released by Apple. Compared to other tech companies, the Cupertino tech giant has been lagging behind in artifical intelligence technology due to various reasons. With Giannand...

Ex-Google AI head to lead Apple's Siri, machine learning teams; HTC's blockchain phone, Exodus, to be launched this Fall and Huwaei Nova 3 comes with Kirin 970, four cameras. Watch more in this episode of Daily Tech Wrap with Vivek Punj.

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.

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.

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.

Asus Zenfone 5Z to be launched in India on July 4Asus will release its flagship smartphone, the Zenfone 5Z, in India on July 4. The device will be exclusively sold via Flipkart under a strategic partnership between the e-commerce giant and the tech giant formed earlier this year. The Asus Zenfone 5Z will come with a Snapdragon 845, coupled with 4GB of RAM and 64Gb of internal storage, 6GB of RAM and 128GB of internal storage or 8GB of RAM and 256GB of internal storage. Up front,...

Asus Zenfone 5Z to be launched in India on July 4; OnePlus 6 256GB variant announced for India; Qualcomm launches three new chipsets. Watch more in this episode of Daily Tech Wrap with Vivek Punj.

South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange to suffer the fate in just over a week as cyber thieves exposed high risks of trading the digital asset.

Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.

Facebook has announced a new feedback system for ads; in response to an RTI application by a Delhi lawyer, RBI has confirmed no study or research was done before banning cryptocurrencies and India's current account deficit has trebled to $48.7 billion in fiscal 2017-18 from $14.4 billion in 16-17. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.