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Recent Posts
- Listen to this Explanation of the Karnataka High Court judgement..
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Category Archives: Cyber Law
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
Posted in bitcoin, Cyber Law
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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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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
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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
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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
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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
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