Bitcoin: GK, Current Affairs, Questions, Trivia and News

SC Ruling on Cryptocurrency Ban

The Supreme Court quashed ban on cryptocurrency imposed by the Reserve Bank of India. This is expected to revive the almost extinct industry in India. Cryptocurrency Cryptocurrency is a virtual or digital currency secured by cryptography. Its notable features include decentralised structure (no central authority), security and transparency. It is based on the blockchain technology. ..

Digital Gurukul First Institute to Offer Blockchain-Powered Certificates in India

Indore based Digital Gurukul started in 2014, offers complete digital marketing training to students and working professionals, has become the first Digital institute in India to offer Blockchain-Powered Certificates. Digital Gurukul has partnered with German company ‘Certif-ID’ to issue blockchain-powered certificates in India. Digital Gurukul was awarded Asia’s Best Digital Marketing Institute 2019 by Indian ..

The Future of Cryptocurrencies in India

A cryptocurrency is an asset held digitally. It is designed as an exchange medium that relies on a strong code which helps keep the financial transactions secure and also controls the generation of additional units. Adding the blockchain allows for easier and safer verification of the transfer of assets. The Cryptocurrencies have become a global ..

Subhash Chandra Garg heads Cryptocurrency panel that proposes ban on private digital currencies

The Inter-Ministerial Committee (IMC) set up to look into the legality of cryptocurrencies and blockchain has recently submitted its report to the Finance Ministry and recommended that private cryptocurrencies be banned completely in India. It has also drafted a law, the ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’, which mandates a ..

Project Libra

Libra is the new cryptocurrency of the social media giant, Facebook. The digital currency Libra will be available to the users of Facebook services like Messenger, WhatsApp, and Instagram. The Libra transactions will be recorded on a blockchain which offers a tamper-proof ledger that runs across multiple computers. The blockchain technology forms the backbone of ..

Learning Coinis launched by IMF

The International Monetary Fund (IMF) and the World Bank (WB) have jointly launched a project called “Learning Coin”. It is a private blockchain-based coin and only accessible within IMF and the World Bank to help both multinational agencies learn about the merits of blockchain. The coin project has been launched in order to conduct research ..

Ontario: First town to pay taxes with Bitcoins

The Ontario town can launched a pilot program in which the local residents can pay their taxes in crypto currency. Reidents of Ohio, USA were the first to to pay taxes in Bitcoins. The Candian citizens in Ontario will pay through the Coinberry app which will later be converted into Canadian dollars. Apart from bitcoins, ..

NITI Aayog signs pact with Oracle to curb distribution of fake drugs using blockchain

NITI Aayog has signed a Statement of Intent (SoI) with cloud services provider Oracle to curb the distribution of fake drugs using new technologies. Apollo Hospitals and Strides Pharma Sciences will partner in this effort. The partners will pilot a real drug supply chain using blockchain decentralized ledger and Internet of Things (IoT) software. The ..