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Naavi
IICA Qualified Independent Director
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Monthly Archives: December 2013
RBI issues Advisory on Bitcoin
After a long wait, RBI finally came out with a caution advise on “Virtual Currency” with specific reference to Bitcoins. Copy of the Advisory is here RBI has conveyed caution on the potential financial, operational, legal, customer protection and security … Continue reading
Posted in bitcoin
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TV Anchor robbed of his Bitcoins right on the show
In an amusing real life story that provides an interesting lesson in information security, a Bloomberg TV anchor found that his $20 worth Bitcoin holding was stolen by a viewer when the anchor displayed his private key on the show. … Continue reading
RBI …Bitcoin
[P.S: Kindly Note that subsequent to writing of this post in December 2013, and observing the lack of self regulatory attitude of the Bitcoin managers and the continuing use of the Bitcoin by criminals, Naavi has clarified his view on … Continue reading
Posted in bitcoin, Cyber Law
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Did RSA Compromise on its integrity?
The security community suffered a shock recently when it was realized that NSA had paid $10 million to push through a encryption technology promoted by the agency through a RSA product. It is understood that NSA promoted a Dual Elliptical … Continue reading
Posted in Cyber Law
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Richest Bitcoin Owner
Though Bitcoin holdings in wallets are expressed in terms of hash values and donot publicly reveal the name of the owner, the transactions from one address to another are always public (part of the block chain). By systematically studying the … Continue reading
Posted in bitcoin
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More Credit Card frauds in store
Recently a fraud of Rs 63 lakhs involving gross negligence by Bank employees not ruling out their involvement. It is said that the Bank believed that the customer had a sore throat and executed large transactions including closing of FDs … Continue reading
Posted in Bank, Cyber Crime
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