...credit virtual currency as payment. ***Top Cryptocurrencies*** Websites such as CoinMarketCap track cryptocurrencies that are hitting the market and show their current value in dollars. Among the top cryptocurrencies are Bitcoin, Ethereum, and litecoin. * ***Bitcoin (BTC).*** It remains to be the most popular form of cryptocurrencies. Bitcoin price is at $6,573.69 per coin. Bitcoin’s de...

... bank Sberbank, Alfa-Bank, VTB, and others. Members of the meeting also discussed regulatory issues with global experts, such as representatives from a Japanese crypto exchange Bitflyer, Singapore-based blockchain platform NEM, and cryptocurrency litecoin. Luc Frieden, former Minister of Finance of Luxembourg also took part in the meeting, explaining how his country had managed to build a legal...

...t credit virtual currency as payment. **Top Cryptocurrencies** Websites such as CoinMarketCap track cryptocurrencies that are hitting the market and show their current value in dollars. Among the top cryptocurrencies are Bitcoin, Ethereum, and litecoin. * -Bitcoin (BTC). It remains to be the most popular form of cryptocurrencies. Bitcoin price is at $6,573.69 per coin. Bitcoin’s decent...

...t margins shrinking for mining, so did the demand. This leaves Bitmain with a whole lot of unsold product in a quarter that didn’t go as planned. Live by the HODL, Die by the HODL. Bitmain also owns huge amounts of Bitcoin, Bitcoin Cash, Ether, litecoin, and Dash. It accounted for these cryptocurrencies at cost (priced at the time of acquisition), and not at the current market value. Dependin...

...ain bait in Bitconnect –another scam that was shut down in 2018. As an example could be mentioned another scheme were anonymous group of ‘entrepreneurs’ run the scam bot iCenter, which is a Ponzi scheme for cryptocurrencies such as Bitcoin and litecoin, which promises investors 1.2% daily returns and some of investors iCenter’s Facebook posts promised returns over 2.5% according to investe...

...the virtual digital assets can be classified as securities and they will be treated as securities and will fall under the jurisdiction of the SEC. In 2018 Central Bank of Nigeria did declare that crypto-currencies such as Bitcoin, Ripple, Monero, litecoin, Dogecoin and others, were not considered as the money or any other means of payment. Although new regulation has not introduced yet, such ac...

...e Payment Services Act. There are two types of Virtual Currency that are described and regulated by the mentioned Act. In short, they are: A currency that has financial value and can be used to pay for goods and services (for example: Bitcoin, litecoin, Ether etc.); A currency that can be exchanged with the virtual currency that falls under the first description. That said, a coin/tok...