IICA Qualified Independent Director
Naavi
FDPPI Qualified Data Auditor
Book Cyber Crimes
Monthly Archives: November 2013
Litecoin as another virtual currency?
The success of Bitcoin concept has attracted “Litecoin” a similar virtual currency system promising some technical improvements. The target for litecoin is 84 million currency units as against 21 million targetted by Bitcoin. The presence of two virtual currencies in … Continue reading
Posted in bitcoin, Cyber Law
Leave a comment
Bitcoin Payment Processor in Denmark Hacked
A Denmark based Bitcoin payment processor BIPS faced a security breach last week resulting in loss of 1295 bitcoins worth around US $ 1 million. The loss has occurred both to the service provider’s own stock as well as a … Continue reading
Posted in Cyber Law
Leave a comment
Negligence of Export Promotion Councils, ECGC and Banks lead to Rs 2.35 crore fraud
In what has now become a routine type of fraud, a tobacco exporter in Andhra has been defrauded to the extent of Rs 2.35 crtores. Naavi.org recalls its open letter to RBI and ECGC in its post on July 14, 2013 … Continue reading
Posted in Cyber Crime, RBI
Leave a comment
Bitcoin in Physical Form?
Bitcoin started as a Peer to peer virtual currency system. With Baidu (Google in China) starting to accept payments in Bitcoin, there is now an official patronage for the system from the Chinese Government. In a further bid to provide … Continue reading
Posted in bitcoin, Cyber Law
Leave a comment
Is Bitcoin legal?
While the Bitcoin system is gaining increased attention in the media, it is essential to debate the legality of the system as per Indian laws. It is reported that there would be a global conference in Bangalore on December 14th … Continue reading
Posted in bitcoin, Cyber Crime, ITA 2008
Leave a comment
The threat of Bitcoins…Attention RBI
An article in Forbes raises an interesting aspect on how China may be preparing for a new Cyber War front based on controlling the virtual currency. See the article here Readers of Naavi.org are familiar with the discussions on “Linden” … Continue reading
Posted in Bank, bitcoin, Cyber Crime, RBI
Leave a comment