Cryptocurrency is a hidden, secure form of token that carries a monetary value. Bitcoins, Ethereum, Litecoins and various other similar terms that you hear, fall under the broad umbrella of Cryptocurrencies. Most of the cryptocurrency trades are recorded on a blockchain that forms a decentralized system. This is one of the reasons why it has become so popular in recent times.
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Russian President Vladimir Putin has issued a deadline of 1 July 2018 for setting up a proper legislation regarding cryptocurrencies, ICOs, and other crypto-assets in Russia.
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Grayscale Investments, the company behind the Bitcoin Investment Trust has now announced that they will be starting off with four new trusts - one each for Ethereum, Ripple, Litecoin and Bitcoin Cash.
The company that owns the Kakao Talk messaging app, Kakao Corp, is looking forward to developing their own blockchain system and cryptocurrency - the Kakao Coin.
Reports from South Korean media indicate that North Korea has gathered a total of 11,000 Bitcoins which they are using to fund their nuclear program.
Cryptocurrencies go Mainstream: Cryptocurrency, Blockchain, Bitcoin and Initial Coin Offering are four new words which are now a part of the Merriam-Webster Dictionary!
Chinese authorities are now monitoring offshore cryptocurrency exchanges, as well as websites used by Chinese traders to facilitate P2P cryptocurrency transfers.
Garett Camp, the co-founder of Uber has now launched a new cryptocurrency - ECO. Eco intends to be a currency used for day-to-day payments around the globe.
With their newly introduced tax laws, Germany will now treat cryptocurrencies (for tax purposes) as an equivalent to legal tender. This means that cryptocurrency payments are no longer taxable!
Indian Tax departments issue summon notices to cryptocurrency traders, asking them to personally furnish proof of their investments and their tax documents.
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