Amit Bharadwaj started building his network from Nanded, where he studied engineering in early 2000s
A special investigation team (SIT) had been formed to probe the case against the accused policemen. The 10 policemen have been booked under various IPC sections — 364-a (kidnapping for ransom), 384 (extortion)— and under Prevention of Corruption Act.
The RBI crackdown came a day after Amit Bhardwaj, the bitcoin entrepreneur who allegedly cheated over 8,000 people to the tune of Rs 2,000 crore was arrested from the Delhi Airport on Wednesday.
A new cryptocurrency payment software, called Lightning Network, has been opened, offering Bitcoin payments compatible across networks.
Police sources said Vishnoi started his own cryptocurrency in violation of RBI guidelines and organised seminars to lure investors before absconding with their money.
Computer shops like those in Hong Kong and Singapore are receiving visitors that seek to fulfill one goal: set up a cryptocurrency mining rig.
Bitcoin may lose 50 per cent of its value from its current level as fears over regulatory clamp-downs have spurred a rout among cryptocurrencies this week, Citi analysts said in a report.
Police had arrested Ashish Malik and Sandeep Kaushik for allegedly setting up a multi-level marketing racket and selling cryptocurrency, after claiming that they were associated with Russia’s premier petroleum company, Rosneft.
Bitcoin has now slumped to a rate below $8,000, in a week that has seen perhaps the biggest slide in the cryptocurrency’s value.
That purchase would get the fan a seat at the 50-yard-line at Minneapolis’ US Bank Stadium for Sunday’s big game between New England Patriots and Philadelphia Eagles.
During his 2018 budget speech, Finance Minister Arun Jaitley has said that the government will not accept cryptocurrencies, though he mentioned wanting to explore blockchain technology.
Facebook has decided that it will discontinue ads that promote virtual currencies, like cryptocurrencies and initial coin offerings.
As much as cryptiocurrencies are considered a risk as the rapidly changing values across exchanges have shown, they are also a cyber threat. This is why it is an increasingly popular target of hackers.
According to World Gold Council, bitcoin and cryptocurrencies more generally are not a substitute for gold.
In the last 10 years, researchers claim that upto 14 per cent of cryptocurrencies, including Bitcoin and Ether, have been stolen.