Bitcoins Current Affairs, GK & News
Facebook-backed cryptocurrency Libra has been rebranded as “Diem” to gain regulatory approval by emphasising that the project has “organisational independence”. The independent organisation, Libra Association, which runs the Libra project will also be renamed as the Diem Association. Diem is a Latin term meaning “day”. Libra received criticism because of the possibility of it threatening ..
Category: International Current Affairs
The Supreme Court of India recently ruled the restriction on cryptocurrency trade in India. The recent order also lifted the ban on trading in virtual currency, cryptocurrency and bitcoins. The Reserve Bank of India had banned cryptocurrency trading in India through its circular issued on April 6, 2018. The central bank directed that all regulated ..
Bitcoin is one of the most well-known as widely used cryptocurrency in the world. Bitcoin is a global digital currency without the backing of any central bank or regulations of a single administrator. How do bitcoins work? Bitcoins are created as a reward for a process known as mining in which computing power is used ..