2018 has been a rocky year for the cryptocurrency market so far. Prices have plunged from their all-time highs in December last year and in the last two months, trading volumes have dipped and prices have struggled to beat resistance points. However, in the last ten days or so, there seems to have been a turnaround in the cryptocurrency market.
The High Court of Delhi in India has issued a notice to the country’s central bank, the Reserve Bank of India (RBI), the Goods and Services Tax Council (GST Council) as well as the Ministry of Finance, stating that their decision to stop dealing with cryptocurrency related businesses has violated the constitution of India.
The Savedroid ICO has been in the news for the last few days – and not for the right reasons. This German startup raised more than $50 million with its Initial Coin Offering, which is quite outstanding. However, after that initial ICO, the startup has been garnering only negative attention as the company has been pulling some rather alarming stunts.
The Blockchain Global Expo, the world’s largest Blockchain convention, was inaugurated with thousands of people participating in the event. The event was held at the Olympia in London earlier this week and the sheer number of people attending it was completely unprecedented in the industry’s history.
On Monday, April 16, the Russian government banned the use of Telegram after the messaging app company refused to grant the state’s security services access to users’ encrypted messages.
In the latest news, the San Francisco, California based cryptocurrency exchange Coinbase is reported to the buying a social network called Earn.com, also located in the Bay Area of San Francisco. This platform lets its users earn cryptocurrency by completing tasks online as well as replying to emails.
Facebook has been in the news lately, and for all the wrong reasons. It was revealed a few weeks ago that more than 50 million users’ information had been wrongly acquired by a company called Cambridge Analytica and may have been used to influence the 2016 Presidential Elections in the US. Questions have also been raised about whether this data was used to influence the Brexit vote in the UK.
The IOTA project has been getting a lot of attention lately for its focus on using cryptocurrency based technology in the Internet of Things (IoT). The concept of the Internet of Things is that machines can talk to each other. All devices in a smart home or smart city would be connected to the internet, and these devices could talk to each other.