Internet Is Facing A Great Risk! So How BIG Is The BUG. Millions of devices are at hacking risk as Internet is facing one of the most serious vulnerabilities in recent years.
Rao, who served as the governor of RBI from 2008 to 2013, said CBDC also needs robust data protection laws.
"The cryptocurrency bill may have little impact on FII flows as the FIIs are not expected to deal in these while investing in any markets going by current trends."
The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions.
In India, the upcoming Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India.
Centre on Tuesday listed a new bill for the upcoming Winter Session of Parliament which will seek to ban all private cryptocurrencies in the country, while allowing an official digital currency to be issued by the RBI.
Some of the most high-profile ransomware attacks of the year involved ransomware-as-a-service (RaaS), including an attack against Colonial Pipeline in the US by a 'DarkSide' affiliate.
"It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth," PM Modi said referring to cryptocurrency.
A recent advertisement by the Blockchain and Crypto Assets Council (BACC), a part of Internet and Mobile Association of India (IAMAI), and industry players like CoinSwitch Kuber, CoinDCX, WazirX and Zebpay, claimed that crores of Indians have invested over Rs 6 lakh crore in crypto assets.
The high-level meeting comes after RBI Governor Shaktikanta Das sounded an alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency.
Started in 2013, Unocoin operates India's largest BTC-INR trading platform which enables people to buy, sell, store, use and accept Bitcoin.
Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure
From gold to crypto, it seems Indians are changing their investment preferences! According to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis, India has ranked second, in a poll of nations that use cryptocurrency the most.
Twitter CEO Jack Dorsey has announced plans to consider making a hardware wallet for Bitcoin for the customers of its digital payments services company Square.
San Francisco: Micro-blogging site Twitter has confirmed that a third party software provider is responsible for the series of cryptocurrency-related hackings on its platform. A Twitter spokesperson said attackers exploited a third-party marketing solution to blast fake Bitcoin giveaway links from a slew of verified accounts, The Next Web reported on Friday. The confirmation comes […]