Private currencies

The information denied 5 years ago by Ivan Geshev - then only the head of the special prosecutor's office, that Bulgaria "arrested" over 200,000 bitcoins in 2017, appeared in the latest report of one of the largest cryptocurrencies in the world - Kraken.

Nothing symbolizes cryptocurrency's troubles with regulators as well as the travails of Binance, the world's largest crypto exchange by volume. This past weekend alone, it ran into obstacles in Japan, the UK, and the Canadian province of Ontario.

Cryptocurrency is all over the internet and there are certain related terms that you will see associated with this type of trade. If you have seen words like Binance, Gemini, Coinbase, and Kraken, these are known as crypto exchanges. They are digital platforms that allow users to buy and sell cryptocurrencies.

The price of bitcoin has nosedived after fresh reports emerged that China has expanded its crackdown on the mining of cryptocurrencies.

Mining operator cryptocurrency such as Huobi Mall and BTC.TOP suspended operations in China. This stoppage comes after Beijing will crack down on mining and trade Bitcoin.

This action made the digital currency plummet. The State Council Committee headed by Deputy Prime Minister Liu He announced a crackdown on Friday evening.

The Turkish police have identified three more suspects in the Thodex cryptocurrency exchange platform fraud case, Demirören News Agency reported on May 17.

Those suspects include a software developer, a financial department employee and the wife of Thodex founder Faruk Fatih Özer's older brother, the report said.

British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new "Britcoin", or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin.

Largest US crypto exchange Coinbase gets SEC approval to list on Nasdaq. Coinbase has been valued privately at around $68billion

When amateur investors start trading with cryptocurrencies and making profits turns into a business, tax standards come into effect in this area as well.

Status of Cryptocurrencies in Slovenia

Ljubljana – Finance, the business paper, argues in Monday’s commentary that a monetary revolution is under way globally, as evident from recent events surrounding cryptocurrencies.