AIIMS continues silence on media reports of ₹200-crore demand by hackers

Patients are seen waiting outside the AIIMS Pediatric Emergency ward, even as servers remained down for over six days. Hackers have allegedly demands a ransom of ₹200 crore in crypto currency from All India Institute of Medical Sciences, in Delhi on November 29, 2022. The services at the All India Institute of Medical Sciences (AIIMS) … Read more

Warren Buffett, Charlie Munger on Speculation, Bitcoin, Inflation: 12 Quotes

Warren Buffett and Charlie Munger spoke during Berkshire Hathaway’s annual meeting on Saturday. The billionaire investors flagged widespread “gambling” on stocks, and slammed bitcoin as worthless. Buffett and Munger also discussed inflation, Robinhood, the pandemic, and the risks of speaking up. Something is loading. Warren Buffett and Charlie Munger called out the feverish speculation in … Read more

Joe Biden signs order on cryptocurrency as its use explodes in U.S.

President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency United States (U.S.) President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether … Read more

Russia could use cryptocurrency to blunt the force of US sanctions

When the United States barred Americans from doing business with Russian banks, oil and gas developers and other companies in 2014, after the country’s invasion of Crimea, the hit to Russia’s economy was swift and immense. Economists estimated that sanctions imposed by Western nations cost Russia $50 billion a year. Since then, the global market … Read more

Goldman Sachs says bitcoin will compete with gold as “store of value”

Bitcoin was trading around $46,073 on Wednesday, having struggled to make gains after falling sharply in early December. In November, it had hit an all-time high of $69,000. Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note … Read more

RBI: Partial ban on crypto won’t work

In the presentation, senior officials highlighted the issue of trackability of transactions, valuation of cryptos, the extreme price volatility, legal issues and identifying the various actors in the crypto transaction chain as areas of concern. Among the board members Revathy Iyer (former deputy comptroller & auditor general) expressed the need to proceed with caution. However, … Read more

There’s no plan to recognise bitcoin as currency: Govt

The Centre has not received a proposal to recognise bitcoin as a currency in India, the government told Parliament on Monday, while adding that the Reserve Bank of India has recommended widening the definition of “bank note” for the launch of a Central Bank Digital Currency (CBDC). Responding to a question on whether the government … Read more