India Fears Bitcoin and Cryptocurrencies Could Destabilize Rupee

The effect Bitcoin (BTC) and other cryptocurrencies may have on the Indian rupee is reportedly a top concern for Indian lawmakers — specifically, if said digital currencies are to be legalized as a form of payment in the country.  The warning comes from a panel specifically created by the Indian Ministry of Finance’s Economic Affairs […]

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Bitcoin Should ‘Depart’ From Proof-of-Work, Says Bank Of International Settlements

Bitcoin figures have dismissed the latest report on cryptocurrencies by the Bank of International Settlements (BIS) after it claimed Bitcoin must stop using its Proof-of-Work algorithm. BIS: Bitcoin Must Drop Proof-of-Work The report, ‘Beyond the doomsday economics of “proof-of-work” in cryptocurrencies,’ was released January 21. It focused on double-spend attacks within cryptocurrency blockchains, as well […]

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