Bitcoin and other cryptocurrencies have tended to be burning topics for discussion over the years. Despite its huge potential for the financial market, there are also major cases of hacks and fraud people should be aware of when deciding on making investments.
Blockchain technology has been used outside of the cryptocurrency industry for a long time now. It has the potential to disrupt many industries as well as make them faster and more efficient. And now the blockchain is going to go underwater.
Energy trading giants including Eni Trading & Shipping, Total, Gazprom Marketing & Trading Limited, Mercuria, Vattenfall, Petroineos and Freepoint, are planning to use a blockchain-based system within the pilot European energy project for trading resources.
Bitcoin exchanges in India suffer bad times as the biggest national Banks of the country have frozen their accounts. The news led to turmoil in the domestic market as well as bringing the price of bitcoin down.
Cryptocurrency is quite a controversial industry. While some eagerly accept its disruptive potential for the entire financial sector, some (mostly, governments as they can’t regulate it) look quite suspiciously at it or even try to ban it. But how can you ban something you can’t control?