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How to get started with Bitcoin…..

Step 1: Download a Bitcoin Wallet   Just like you need some sort of software to send and receive emails, you need a Bitcoin Wallet to send and receive bitcoins. A Bitcoin Wallet is an app or a software program that allows you to send, receive, and store bitcoins. Every Bitcoin Wallet comes with a unique Bitcoin Address that you can share with others to receive bitcoins from them. Generally, wallets also keep a history of your bitcoin transactions.   Though Bitcoin transactions meant to be private, many Bitcoin Wallet providers / Exchanges require you to upload and verify your bank account and PAN card details before you could use their respective services.   Step 2: Put Some Bitcoin in Your Wallet   Once you have your Bitcoin Wallet ready, it’s time

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Your guide to avoiding Bitcoin fraud…..

If you are new to Bitcoin trading, here is a list of few things that you must take care of in order to avoid Bitcoin fraud.   Fake Bitcoin Exchanges: Often on social media you’ll see a link saying something like “Buy bitcoin for 2% under market value. Save big!” This is a marketing trick to get you to visit and use their fake Bitcoin Exchange. Plus, always check a URL of a website you visit and make sure it’s HTTPS secured. Stay away if it is just HTTP.   Fake Bitcoin Wallets: It is difficult to identify fake bitcoin wallets. It is recommended to search about the Bitcoin Wallet on the internet before downloading it. Try to find out its user numbers, website

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Is it legal to buy Bitcoin in India?

So far, it is. The Indian Government has not yet announced the Bitcoin to be legal or illegal. However, the Reserve Bank of India (RBI) cautions Bitcoin users every now and then about the risks associated with it. The RBI once announced that it has not given any licence / authorization to any entity / company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc. dealing with Virtual Currencies will be doing so at their own risk.   Having said that, cryptocurrencies are not a bad investment provided you know the risks associated with them.   What are the risks associated with Bitcoin?   Cryptocurrency is still in its infancy stage and would take

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Bitcoin Cash

On August 1st, 2017, Bitcoin experienced what’s being called a “hard fork” as a result of a few issues, including the limited number of transactions that can be processed per second. Essentially, the cryptocurrency split into two, with Bitcoin Cash debuting.   The symbol for Bitcoin Cash is BCC, but on some exchanges it is referred as BCH (instead of BCC) to avoid conflict with already existing tokens on that platform. As of today, i.e., September 2nd, 2017, Bitcoin Cash is trading at around a value of $572 per coin.   Best Part? People who held Bitcoins on August 1st, 2017 when Bitcoin Cash was created got an equal value of Bitcoin Cash. Note: Any transactions after the August 1st, 2017 ledger split are completely

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What is Bitcoin Mining? or How Bitcoin is Created?

In simple terms, mining is the process of confirming transactions and adding them to a public ledger called Blockchain. In order to add a transaction to the Blockchain, the “miner” must solve an increasingly-complex computational problem (sort of like a mathematical puzzle). Mining is open source, so anyone can confirm the transaction.   The first “miner” to solve the puzzle adds a “block” of transactions to the Blockchain. The way in which transactions, blocks, and the Blockchain work together ensures that no one individual can easily add or change a block at will.   Once a block is added to the Blockchain, all correlating transactions are permanent and a small transaction fee is added to the miner’s wallet (along with newly created coins). Currently, this reward is 12.5 bitcoins every 10 minutes. The

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The concept of a BLOCKCHAIN….. And what affects Bitcoin’s Price?

All Bitcoin transactions are recorded in an open ledger called Blockchain, in a linear, time-stamped series of bundled transactions known as Blocks.   In simple words, Blockchain holds a decentralized record of all transactions that is updated and held by all users (also known as miners) of the Bitcoin network. Once a transaction is updated in the Blockchain, it can’t be erased or modified, no matter what. We could say that the Blockchain is similar to a ledger that a bank maintains to record its each and every transaction on a daily basis, which can’t be modified in the future.   The only difference is that in the case of a bank, the ledger is controlled by the bank itself and is not accessible to

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A beginner’s guide to Bitcoin……… The Bitcoin Enigma

Digital currency Bitcoin has surged nearly 400% in 2017 with its price climbing to as much as $4,800 (over ₹3 lakh) on August 31st, 2017. Bitcoin has surpassed key price levels of $2,000, $3,000, and $4,000 this year. Notably, the total market capitalization of all cryptocurrencies surged from roughly $17.7 billion at the start of the year, to over $172.2 billion.   The cryptocurrencies market is growing for several reasons, according to analysts. A steady supply of Initial Coin Offerings (ICOs)1, a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.   Though digital currency ‘Bitcoin’ is booming across the globe, the majority of people are still unaware of its existence, trade, rules, and

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Remember the WannaCry Ransomware attack? & It’s Relevance to Bitcoin

The WannaCry Ransomware attack is one the most fatal cyberattacks that took place in May 2017 worldwide. It targeted computers running on the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin Cryptocurrency. The attack was reported to have infected more than 2,30,000 computers in over 150 countries.   Why WannaCry Ransomware Attackers demanded Payments in Bitcoins?   By now, we know that Bitcoin is a decentralized digital currency, in which people pay each other without any bank or clearing house; thus, it provides a lot of anonymity.   Though each bitcoin transaction is recorded in a public log (called Blockchain), names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private,

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Google Plans Big for Pixel Smartphones Announced US$1.1 Billion Cooperation Agreement with HTC

Google and HTC Corporation announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property (IP). The agreement is a testament to the decade-long strategic relationship between HTC and Google around the development of premium smartphones.   This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next flagship phone, following the successful launch of the HTC U11

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Latest Issue

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How to get started with Bitcoin…..

Step 1: Download a Bitcoin Wallet   Just like you ...

Your guide to avoiding Bitcoin fraud…..

If you are new to Bitcoin trading, here is a list of few things that you must ...

Is it legal to buy Bitcoin in India?

So far, it is. The Indian Government has not yet announced the Bitcoin to be l...

Bitcoin Cash

On August 1st, 2017, Bitcoin experienced what’s being called a ...

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