The PBoC chief back the idea of state-owned digital currency and denounced others like Bitcoin for its highly speculative nature.

Cannon said that cryptocurrencies allow people to take control of their finances, unlike banks, which is like having true freedom.

Germany decides not to tax digital currency use for buying products, or services. Tax exemptions are also being thought-out for EU member states.

Apart from Bitcoin, other cryptocurrencies have also corrected heavily as the over market valuations touch a month-low of $350 billion.

Mt Gox trustee Nobuaki Kobayashi has revealed the liquidation of bitcoin and bitcoin cash over the past few months.

Although the Dutch government is willing to allow its citizens to trade in digital currencies, it is looking forward to regulate trade in cryptocurrency.

The twin brothers are quite bullish on the future growth story of cryptocurrencies as they look forward to expanding their platform.

Japanese regulator, Financial Services Agency has announced plans to subject cryptocurrency exchanges to punishments for failing to employ adequate protective measures against money laundering and hacking.

The SEC said that some unlawful trading platforms take the undue advantage of establishing their own rules and standards while dealing with digital assets.

The new blockchain-based MoneyTap will allow customers to make instant payments just by using QR Code, phone number or bank account.

Reports of the alleged hack say that hackers have hacked the trading bot on the exchange and sold all the altcoins of the compromised accounts.

Twitter is now fixing issues with all the deceptive accounts misleading investors and stealing their digital assets through fraudulent schemes.

Coinbase has announced the launch of its new weighted index fund which aims to make sure that traders are exposed to all the available cryptocurrency assets.

The economist Kenneth Rogoff said that he finds no use of Bitcoin except for illicit activities like tax evasion and money laundering.

Mercedes Benz’s parent company Daimler has announced the launch of its own cryptocurrency called MobiCoin which the company plans to use to reward eco-friendly driving.

KakaoTalk is reportedly working on its own ‘Kakao Blockchain’ which will host the cryptocurrency Kakao Coin.

The new system proposes for an off-blockchain transaction creating secondary wallets having their own unique private keys.

The exchange has been accused of insider trading by its employees during the surprise launch of Bitcoin Cash on its platform.

Although the agency allows employees to buy/sell digital currencies, it still bars them from trading in Futures contracts.

Kazakhstan is are quite interested in cryptocurrency related matters according to a recent Yandex report.