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Monthly Archives: November 2013
Physical Version of Bitcoin with Gold Backing?
It is reported that an island called Alderney in the northern part of Channel Islands located between Northern France and UK will be minting Bitcoins in physical form. The island has a population of 1903 persons . It is likely … Continue reading
Posted in bitcoin, Cyber Law
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Tata Sons withdraws Application for Banking license
In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application. It would be interesting to observe the impact of the … Continue reading
Posted in Bank, Cyber Law
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Is virtual currency popularity built on Banking inefficiency?
The exploding popularity of Bitcoins and other crypto currency is a matter of concern and intrigue for all economists. One of the USPs of the Bitcoins for example is the ability to move it from one holder to another holder … Continue reading
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More Cryptocoins come up for attention
Close on the publicity generated by Bitcoin exchange rate going upto US$1132, many more crypto coins are coming to the attention of the public. First it was Litecoin and now Novacoin, Namecoin, Quark coin,Chinacoin, Feathercoin also seem to be gaining … Continue reading
Posted in bitcoin, Cyber Law
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E Sports settles dispute on illegal Bitcoin installation
In an interesting case of misuse of Bitcoin, a video gaming community “E Sports Entertainment Association” agreed to settle a dispute where it had been accused of having illegally installed Bitcoin minining software in their client’s machines and earned US$3713.55. … Continue reading
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Bitcoin ATM registers $1 million transaction in a month
World’s first Bitcoin ATM in operation in Vancouver is said to have clocked transactions of US$ 1 million in a month. The ATM converts cash into Bitcoins and also pays out cash in physical currency against withdrawals of Bitcoins. The … Continue reading
Posted in bitcoin, Cyber Law
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