Anyone who’s spent at least a few minutes on Reddit in the last few weeks has probably run into a few users sharing Dogecoin memes. The Dogecoin subreddit is hosting a video contest with a pretty impressive prize pool (18 million Doge), and while I don’t personally invest in Doge, the contest caught my curiosity

The Italian cryptocurrency exchange BitGrail announced it has lost 17 million units of the cryptocurrency Nano, worth about 170 million USD. A message posted on the exchange website states that “internal sources reveal unauthorized transactions that have led to a shortage of 17 million Nano, which were part of the BitGrail-managed portfolio”. BitGrail has informed

Venezuelan Bolivar collapsed with between 86.6% and 99.6% after the central bank resumed currency auctions for the first time since last August as part of its efforts to alleviate the serious dollar shortage and attempt to tackle hyperinflation. At the new official dollar exchange platform DICOM, the rate is 25,000 Bolivar per USD, while EUR

The trade of Bitcoin has much higher energy consumption than traditional transactions, which increases the costs of transaction, according to Carl-Ludwig Thiele from Bundesbank. “Even if only one transaction of Bitcoin network takes about 427 kilowatt-hours, this amount of energy reaches the supply of electricity to an average German family for over a month”, explained

The Bitcoin is about to send its worst week since 2013 erasing 32% of its value and a market capitalization of 63.43 billion USD. Only within the day, the largest cryptocurrency dropped by 12.32% to 7,937.50 USD, reaching a 11-week low. In just 24 hours, 112.6 billion USD have been wiped out of the market

The Indian government will take all measures to eliminate payments with Bitcoin and cryptocurrencies, announcing them for not being legal currency. “The government will take all possible steps to end the use of cryptocurrencies in the country’s payment system due to the possibilities to fund illegal activities through them”, said the Indian finance minister, Arun

The US finance ministers generally prefer to comment as little as possible the trend of the dollar, which is wise, as they do not have a reliable way to control it. When dare to comment, it is usually to say that they believe in a strong dollar in the very same way that defense ministers

The big economies should not use exchange rates to increase their competitiveness, and discussions between politicians about currencies should be restricted to official forums, according to Benoît Coeure, who is a Member of the Governing Council of the European Central Bank. According to him, the last thing the world needs is a currency war. “We

South Korea forbids anonymous trade of crypto-currencies to prevent the possibility of buying and selling Bitcoins by children under 19 and criminals. The country’s market is the third largest in the world for digital money trading after Japan and the United States. The new rules, which are expected to enter into force at the end

The Russian Ministry of Finance has announced that it is working on legislation that introduces regulations on crypto-cutrrencies without prohibiting or legalizing them as a means of payment in the country. Originally, Russia had said it would ban the crypto-cutrrencies, as they could be used for money laundering or terrorist financing. But as digital money,