Although the cryptocurrencies industry is not regulated in any way in Romania, more individuals say they want to be part of the phenomena and buy some of the most popular digital currencies that are trading at present at global level. The interest for cryptocurrencies remains high in Romania and even the head of the central bank made a rate comment about this kind of investments. For starters, the governor of the National Bank of Romania, Mugur Isarescu, suggested that the cryptocurrencies will never be treated as actual ”money” because it’s not clear what entity issues these currencies. However, Isarescu underlined that the technology behind the digital currencies has to be explored further. Meanwhile, a survey of iSense Solutions revealed that 57 percent of Romanians in the urban area had head of cryptocurrencies. The coins with the most awareness where Bitcoin (54 percent), Bitcoin Cash (19 percent), Ethereum (11 percent), Litecoin (10 percent) and Ethereum Classic … [Read more...] about More Romanians planning to buy cryptocurrencies. What are the most popular coins?
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One of the many great contradictions related to the rise of cryptocurrencies, is that for all the hype and publicity related to the spectacular rises in valuations and fortunes accrued by entrepreneurs and tech gurus, over 40% of those surveyed in a recent survey by CreditCoin.com don't know how to buy a digital token. It's not hard to see why there's such caution from the average retail investor, the technical knowledge needed to set up a digital wallet is considerable, the lack of transparency combined with a number of high-profile hacking scandals has led to understandable reservations from the average retail investor. The barriers to more widespread adoption go beyond mere misconceptions about security and technical abilities needed for trading. There are over 1,000 altcoins currently in circulation however many need to be purchased with other mainstream digital currencies such as Bitcoin before being purchased on an exchange that might not be easy to register on. Transaction costs … [Read more...] about How to bring cryptocurrency investing into the mainstream and build blockchain’s future
Duren bought $5 worth of litecoin in November, and eventually purchased $400 more, mostly with his credit card 0SHARES Share Tweet Email Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. PHOTO: REUTERS After researching digital currencies for work last year, personal finance writer J.R. Duren hopped on his own crypto-rollercoaster. Duren bought $5 worth of litecoin in November, and eventually purchased $400 more, mostly with his credit card. In just a few months, he experienced a rally, a crash, and a recovery, with the adrenaline highs and lows that come along. “At first, I was freaking out,” Duren said about watching his portfolio plunge 40 per cent at one point. “The precipitous drop came as a shock.” The 39-year-old Floridian is part of the new class of crypto-investors who do not necessarily think bitcoin will replace … [Read more...] about Crypto ‘noobs’ learn to cope with wild swings in digital coins
Messaging app Telegram is expecting to collect a jaw-dropping $1.6bn from investors before its initial coin offering (ICO) even starts. Telegram is said to be running a second pre-sale (the first pre-ICO round raised $850m from a bunch of Silicon Valley heavyweight investors), and it's looking to gather the same again, according to reports this morning. Last year saw a stampede of blockchain startup companies executing token sales. These 'events' are often structured in such a way that only high net worth investors, and cryptocurrency insiders holding very large amounts of coins, are privy to the sale. This approach is to appease US regulators the Securities and Exchange Commission. Telegram has opted to allow accredited investors only to participate (known as a Reg-D exemption in SEC parlance), and has imposed a further hierarchical order in the form of its secret, invite only pre-sales. ICO's in general have earned crypto something of a bad name in past year. The Chinese have banned … [Read more...] about Telegram aims to raise $1.6bn before ICO even starts
US lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class 0SHARES Share Tweet Email Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. Picture is taken February 13, 2018. PHOTO: REUTERS Jolted by the global investment craze over bitcoin and other cryptocurrencies, US lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks posed by virtual currencies to investors and the financial system, they said. Even free-market Republican conservatives, normally wary of government red tape, said regulation could be needed if cryptocurrencies threaten the US economy. Turkish club becomes … [Read more...] about Congress sets sights on federal cryptocurrency rules