28 Jul '14, 5am

Gold for Bitcoin is India's New Fad: While financial watchdogs have tightened the screws on Bitcoin

Gold for Bitcoin is India's New Fad: While financial watchdogs have tightened the screws on Bitcoin

In a fresh possible headache for regulators, including in India, 'gold for Bitcoin' trades are emerging as a new fad in the world of anonymous transactions, fuelling further the appetite for virtual currencies.This comes at a time when the count of virtual currencies available in the market is fast moving closer to the 500-mark, although the price of top-ranked Bitcoin has begun showing signs of stability at around $ 500-600 level after remaining highly volatile for most part of its half a decade existence. According to Bitcoin traders, the stabilisation in Bitcoin rates is making the case stronger for exchanging them for gold that currently trades at less than $ 1,300 per ounce or about Rs. 28,000 per 10 grams in India. Bitcoins, which command about $ 8 billion (roughly Rs. 48,000 crores) in market value, have stumbled from one controversy to another as the unregulated cu...

Full article: http://gadgets.ndtv.com/internet/news/gold-for-bitcoin-is...

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Gold for bitcoin new fad as e-currency count nears 500-mark

Gold for bitcoin new fad as e-currency count ne...

profit.ndtv.com 27 Jul '14, 12pm

In a fresh possible headache for regulators, including in India, 'gold for bitcoin' trades are emerging as a new fad in th...

Gold for bitcoin new fad as e-currency count ne...

deccanchronicle.com 27 Jul '14, 6am

Gold is trading at Rs 28,000 per 10 grams in India; Representational Photo New Delhi: In a fresh possible headache for reg...

Gold for bitcoin new fad as e-currency count nears 500-mark: In a fresh possible headache for

Gold for bitcoin new fad as e-currency count ne...

NEW DELHI: In a fresh possible headache for regulators, including in India, 'gold for bitcoin' trades are emerging as a ne...

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