Recent months have been fraught for everyone, but even more so cryptocurrencies. The sector is agog with change and it is likely to endure even more profound changes as regulators around the world use security cracks as a rallying crack for investors and national governments to take a hardliner stance on the chunks of digital gold.
It is the 8th of March 2018, and Bitcoin’s price has been falling all throughout the week with the value of its fellow cryptocurrencies dipping as well. WorldCoinIndex noted that the price of a single bitcoin hit $9,757, a still respectable sum but an 8.6% loss in merely 24 hours.
This even did not occur independently of any real-world [...]
We have strived to provide with an objective and well-balanced overview of the crypto world such as it is today. There has both praising and criticising. In all our opinions, we have tried to stay objective and base our comments on facts that can be verified by other blogs and media outlets in general.
We now believe that cryptocurrencies are in hot water. There multiple reasons for this. First, the Internal Revenue Service (IRS) is looking into taxing individuals, which will ultimately lead to less anonymity when it comes to cryptocurrencies.
Secondly, regulation across the board is mounting. The Bank of England has been calling for more scrutiny into the sector, [...]