Cryptocurrency : Bitcoin News In Brief

in cryptocurrency •  7 years ago 

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  1. Since last week we have seen that price of Bitcoin has not stabled and the reason behind this is hacking of Mount box exchange (which came in 2010 and was at its peak in 2013-14), the major trading of Bitcoin was done via Mount box globally (It was holding around 70% of Bitcoin) and almost 180000 Bitcoin was hacked and this was going since 2014. It declared itself bankrupt and to compensate to its investors it started selling its Bitcoin and has sold around $400 million worth of Bitcoin. This is the main reason for Bitcoin fall. But one need not worry as earlier worse has happened but still it bounced back the same will happen right now.

  2. The second news is from USA its regulatory body security exchange commission issued notices to all its exchanges who are trading in Cryptocurrency to come under the it’s body. It is a very good news as crypto will be regulated but it will take time.

  3. Also the federal judge of New York has said that Bitcoin and cryptocurrency will be termed as asset and will be controlled by US commodity future trading commission.

  4. The Govt. of Arizone (US state) has said that its residents can pay tax through Bitcoin. and it will be convert Bitcoin to USD in 24 hours

  5. Japan has issued a warning letter to all its 7 exchanges after the hacking in coincheck. Japanese bank consortium of 61 banks has brought a domestic mobile payment app known as moneytrack based on ripple technology. This will help ripple price to improve

  6. France finance minister has appealed to it parliament to regulate Bitcoin.

  7. The words like crypto currency, Bitcoin and blockchain has been introduced in the dictionary called mariamwebster.

  8. If you want to travel the in South Korea where there are around 50,000 place to stay like hotel motel etc. they all are accepting Bitcoin and other cryptocurrency like bitcoincash, ripple, ethere, etherium classic neo, quantum monero, litecoin, zcash, dashcoin

  9. Far eastern air transport company of Taiwan has also started accepted Bitcoin for Ticket booking.

  10. China is also planning to regulate on Bitcoins.

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