COINEWS.ORG India’s Ministry of Finance Compares Bitcoin and Cryptocurrencies to ‘Ponzi Schemes’

India’s Ministry of Finance has claimed that Bitcoin and the other digital currencies are “like Ponzi schemes” and investors should take extra caution when investing in them, in a statement issued this Friday. The ministry added that the cryptocurrencies lack “intrinsic value,” as well as the backing by any assets and “mere speculation” is the […]

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COINEWS.ORG Over Half of Russians Know About Bitcoin Now, Government Ready to Regulate?

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More than 56 percent of Russians have already heard of Bitcoin, according to a survey conducted by “All-Russian Center for the Study of Public Opinion, or VCIOM,” translated by Bitcoin.com The popularity of Bitcoin and cryptocurrency as an emerging asset class amongst the youths in Russia has increased exponentially over the past few months. The […] The post Over Half of Russians Know About Bitcoin Now, Government Ready to Regulate? appeared first on COINEWS.ORG . http://ift.tt/2DyukKV
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COINEWS.ORG Russian Bill Draft Requires Gov’t Officials To Declare Crypto Assets

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In a recent interview with the Russian news outlet Gazeta, the chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov stated that the current draft of Russiancryptocurrency bill requires government officials to declare their cryptocurrency investments. The draft is currently under review by the Russian Ministry of Finance and the Central Bank with […] The post Russian Bill Draft Requires Gov’t Officials To Declare Crypto Assets appeared first on COINEWS.ORG . http://ift.tt/2GeQq6z
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COINEWS.ORG Analyst: Now is the Best Time to Invest in Bitcoin, Even After Recent Correction

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Brian Kelly, cryptocurrency hedge fund BKCM manager and CNBC Fast Trader contributor, believes now is the best time to invest in bitcoin, even after the major correction that hit the global cryptocurrency market. Nearly 50% from All-Time High Since reaching an all-time high at around $19,000 in December 2017, the price of bitcoin has decreased […] The post Analyst: Now is the Best Time to Invest in Bitcoin, Even After Recent Correction appeared first on COINEWS.ORG . http://ift.tt/2rBJ7CX
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