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Showing posts from December, 2017

Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

Cameron Winklevoss , thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s  blazing  gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold. Wall Street’s plan to launch  futures contracts  on Sunday, making it easier to bet against the digital currency’s rally in recent months, is making some enthusiasts nervous -- but not Winklevoss. He’s one of the famed 36-year-old twins who played an early role in  Facebook Inc. ’s formation, then dedicated part of their fortune to the cryptocurrency and have since tried to win approval for a bitcoin trading vehicle. Winklevoss bases his price projection on the market value of gold, which he pegged at about $6 trillion and others calculate at closer to $7.5 trillion. Investors are beginning to embrace the idea that bitcoin, “mined” by computers performing complex calculations, is more portable and divisible than the precious metal, he s

SC extends Aadhaar linkage deadline for all services to March 31

The Supreme Court has extended mandatory linking of Aadhaar for all services, including new bank accounts and mobile services to March 31, 2018. The deadline for linking Aadhaar with mobile services was earlier set at February 6 while that for new bank accounts was December 31. However, the court ruled that new bank accounts can be opened without Aadhaar but applicants need to submit proof of Aadhaar application. The government on December 13 had extended the December 31 deadline for linking old bank accounts to Aadhaar numbers by three months to March 31, 2018. Menwhile, the Supreme Court has also agreed to Congress leader Jairam Ramesh's plea against government introducing Aadhaar Act as a Money Bill in the parliament. A five-judge Constitution Bench headed by Chief Justice Dipak Misra, in an interim order, also modified its earlier order with regards to linking of Aadhaar with mobile services and said the deadline of February 6 next year for this purpose also stood exten