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2 men lure bank employee to invest in Bitcoin and dupe him; arrested

Police added that when the complainant did not get the money, he asked the accused to return it, on which the accused asked him to invest more money and download a ‘crypto app’ for getting high returns. ....

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Tesla Won't Accept Bitcoins For Car Purchase

Tesla Won t Accept Bitcoins For Car Purchase
May 17, 2021, 14:54 IST
Tesla CEO Elon Musk recently confirmed that the company will not be accepting bitcoins for a car purchase. This option has been suspended over climate concern and the rapid use of fossil fuels.
Musk on Twitter shared that,
Tesla has suspended vehicle purchases using bitcoin out of concern over the rapidly increasing use of fossil fuels for bitcoin mining. The announcement shook the market as bitcoin’s price saw a significant drop of 5%.
“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” read the statement shared by Musk on Twitter. ....

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Indians could soon be penalised for holding Bitcoin, says new report

Indians could soon be penalised for holding Bitcoin, says new report
News
(Representational Image)
Bitcoin and a number of other cryptocurrencies are currently surging at their highest. However, the Indian government seems to be once again trying to ban crypto trading in the country. The government during the Budget 2021 revealed its plan to propose a new bill, which is intended to ban digital money in the country and also fine anyone trading or holding any crypto assets. Also Read - Buy a Electric Tesla car using Bitcoin in the future: Elon Musk
According to a report by
Reuters, the new bill is looking to criminalise possession, issuance, mining, trading and transferring any crypto assets in the country. If the bill is passed, it will make India the first major economy to make holding cryptocurrency illegal. Countries like China have banned mining and trading crypto, but do not penalise their possession. Also Read - Bitcoin Explained: What is it, tr ....

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Bitcoin may not be a big hit in India, but tokenization will be

Bitcoin may not be a big hit in India, but tokenization will be
With Bitcoin reaching a record high of US $40,000, there is fresh media attention on the whole crypto subject
Sunday January 10, 2021 12:28 PM, Rahul Kumar, IANS
With Bitcoin reaching a record high of US $40,000, there is fresh media attention on the whole crypto subject. Once called the riskiest asset is now the hottest and is regarded as the heir to the gold. The new enthusiasm from the younger investors is driving the rally. The asset has gained nearly 300 per cent this year.
The younger and novel investors are regarding Bitcoin as a revolution in the financial system. Unlike other investments, crypto is not tied to the government-issued currency. Bitcoin is an autonomous piece of software that has no owner per se. The finiteness of Bitcoin is the key temptation for most of the investors; there will be no more than 21 million Bitcoin in circulation. Hence, it shows itself as the natural hedge agains ....

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