Cryptocurrency News

According to the latest news reports, Venezuelans are finding an unexpected savior in Zcash. Here’s how. A few months ago, Zooko Wilcox, the CEO, as well asthe founder of the Zerocoin Electric Coin Company (ZECC), was contacted by someone in Venezuela for help. And, according to Wilcox, the cries for help got more frequent.

At the beginning of this year, XRP broke out of its price of $0.30 and suddenly shot up to trading at $4 per token. And while the cryptocurrency’s price has since receded to the $1 range, interest in the world’s third largest digital asset based on market value is sustained.

Monero completed its version 12 hard fork this week and it has resulted in four new projects. The four new projects are Monero Classic (XMC), Monero Original (XMO), Monero 0 (XMZ) and Monero-Classis (XMC).

BitKan, a Chinese data service provider for cryptocurrencies, announced on Friday that its second funding round – the Series B funding – had successfully raised another $10 million for the company.

The latest news reports suggest that a small group of coders are planning to use the XRP platform to launch crypto tokens. And this is not news that XRP’s creator Ripple is too happy about.

BitPay, the world’s biggest global blockchain payment service provider, closed an extended Series B funding round in which it raised another $40 million. Some of the top investors in this round of funding were Menlo Ventures, Capital Nine, Christopher Klaus of Internet Security Systems and Alvin Liu, Tencent’s co-founder.

Quarter 1 2018 has been Bitcoin’s worst performing Q1 on record and also the cryptocurrency’s second worst performing quarter in its history. Data shows that the more than 50% drop in the world’s number one cryptocurrency makes it one of the worst quarters for it so far.

The frenzy that gripped the cryptocurrency market in the last quarter of 2017 ran out of steam by mid-January this year. After that, the rest of the first quarter of 2018 has been pretty rough for the majority of cryptocurrencies.

While this year may have started out on a really good note for cryptocurrencies, with most of the cryptos registering record highs, things are…

With tax season looming on the horizon, a lot of people are worried about what they need to do with regard to their cryptocurrency investments. So, here are a few tips on how to handle your taxes in relation to your crypto-investments for 2018