Bitcoin slipping steadily!! Investors worried!!

Bitcoin is facing constant heat with the prices touching the lower figures close to $8,500 , clearly being impacted by the increased scrutiny on cryptocurrencies by Global financial regulators. The cryptocurrency hit a low of $8,347 and was trading 2.6 percent lower near $8,458 as of 25th March 2018, according to Coinmarketcap bitcoin. Here are some of the key attributing reasons to watch out for: •The cryptocurrency is having a negative stretch since the beginning of the year due to new announcements being made by various nations to curb the…

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Bitcoin Exchanges Suspended by Leading Indian Banks

Bitcoin and other leading crypto-currencies exchanges are facing heat across the World. After South Korea and Indonesia, top banks in India have announced the suspension of leading Bitcoin exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either stopping conversion support due to the apprehensions of some dubious transactions. Though Bitcoin trading has not been legally banned in India as of now, the crypto-currencies have remained largely unregulated. Top Government and Private banks in India including State Bank of…

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The unmatched pace of Crypto Currency

Crypto currencies are digital money and they don’t have any physical form. The leader in crypto currency, bitcoin, unlike other currencies implements peer-to-peer technology and is not controlled by any federal government. And that’s exactly what makes their usage so transparent and anonymous. The leading players in crypto currencies are as follows: Bitcoins, like any other currency can be used to purchase goods and services, however the basic  difference is that to open any other bank account requires verifying numerous documents, however to open a bitcoin account no personally identifiable…

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