In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Almost every country has cryptocurrency communities where like-minded people can find each other. There are websites that help people search for such communities, forums, chats or meetups in a particular country. The crypto community is being formed in the same way, at least among young people.
The outgoing trading week began with a gradual decline in prices for all major cryptocurrency pairs. On Thursday, February 1, the rate of price decline increased, as a result of which the total capitalization of all cryptocurrencies decreased per day by 100 billion US dollars
According to Investopedia, the large American exchange Coinbase sent out tax receipts for transactions. Namely, tax forms 1099-K, which relate to transactions carried out on the exchange in 2017.
Yesterday, when reaching daily lows, cryptocurrencies were bought in large volumes. Today we expect a continuation of this trend.
The volatility of cryptocurrency is not decreasing, which is perplexing to many professional investors. How do they apply traditional economic principles to this extremely lucrative yet unpredictable field?
After the price and popularity of cryptocurrency increases, the number of scammers who want to profit from its gullible owners also increases. Thus, from some accounts on Twitter, which are visually similar to the accounts of well-known cryptocurrency developers, they ask for small amounts with a promise to double them and return them. The time to participate in such a “promotion” is usually limited, or the “imitators” promise to double the amounts of only the first 50 or 100 applicants.
Hacking, theft, volatility, transaction delays, huge profits along with fictitious transactions, changing the views of society from unconditional acceptance to indignation and a complete misunderstanding of the essence of the process even by those involved in it - this is how something unknown and new always starts. Something that still has to grow and transform.
The beginning of strict regulation of the crypto market by the authorities of different countries, as well as price manipulation by the Bitfinex exchange and the Tether cryptocurrency company, reduced the rates of cryptocurrencies. The price of bitcoin, ethereum and ripple has fallen.
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