abhay rai

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India Cracks Down on Bitcoin Exchanges

A number of Bitcoin exchanges in India have suspended their services days after the Reserve Bank of India (RBI) warned that use of the cryptocurrency could violate money laundering and financial terrorism laws.<p>Among the services that are pausing, INRBTC.com says “the only option left now is suspend …

Bitcoin and the unnecessary ambiguity around taxation

Now that the eggnog is all drunk and the presents opened, New Years Eve is just a stones throw away. It’s been an eventful year, but if you …

Credit card security is broken. Here’s how Bitcoin could help fix it.

By Timothy B. Lee<p>My wife and I are planning a trip to Asia in January, and so I've been making hotel and airplane reservations. In the process, I've had first-hand experience with the dysfunctional state of international credit card payments. I've had three transactions declined on spurious …

Why bitcoin is both less and more secure than credit cards

This week, the FBI issued a warning about an unusual form of credit card fraud. Credit card processing networks at gas stations and other retailers …

Bitcoin Isn't Evil, and Here's What Gives it Value

American economist Paul Krugman recently asked a valid question that is on the minds of many other bitcoin sceptics: where does the value of bitcoin …

Bitcoin vs. The NSA’s Quantum Computer

Yesterday we learned from new Snowden leaks that the NSA is working to build a quantum computer. The Washington Post broke the story with the rather …