Union Budget 2018: The government of India does not consider cyrpto-currencies as legitimate, but it will explore the use of block chain technologies, according to the Finance Minister Arun Jaitely. Government all over the world is showing no mercy to cryptocoins. The Government does not consider cyrpto-currencies as legitimate but will explore the use of blockchain technologies, said Finance Minister Arun Jaitley during his Union Budget 2018. "All crypto currencies, which include bitcoins, are illegal and the government will take all measures to eliminate their use" - Arun Jaitely This statement had a huge impact on Indian crypto market which has a 11% share in World Crypto market. Bitcoin which was trading before the Budget at $10,983 in India is now trading at $9,100 on Indian exchange Zebpay. But i don't think it will put an end to crypto coins in India. The government will come up with some regulations to tackle illegal transactions and tax evasi...
Cryptocurrency market crashed drastically during this week leaving investors in fear. The crash was due to the news of cryptocurrency Ban in South Korea which is one of the largest market of Cryptos. Subsequent to this there was a panic in market which led to a crash of Major Crypto's drastically. Many investor's thought this was the end of digital currency but this was not the Case. According to me those premium currencies were selling at a discounted prices for Big whales to come in and then the rise of dark knight happened. It was followed by a huge boom in the market. Ripple rose by almost 50% in 24 , followed by Omg - 35% and others as well. So the question is " Is it safe to invest now? Will there be an another crash?" I would say No. The market wont crash since many positive news are about to come soon. Like Russia may legalize crypto in Feb, Coinbase may add new currencies which will lead to a boom in the market, Japan's Biggest Bank is going to launc...