With new but lesser-known cryptocurrencies such as PRiVCY giving mind-boggling returns should one invest in these cryptocurrencies?
Cryptocurrencies are highly volatile asset and therefore one needs to keep in mind the following points before jumping on the bandwagon
While many continued to be bullish on Bitcoin and other cryptocurrencies, some financial advisors saw this crash coming and got their clients to make safer bets
Two ill-timed event sent Bitcoin prices spiralling down, erasing months of sustained gains and eroding millions of dollars of investor wealth
The plan to regulate virtual currencies continues to be stuck in a maze. But it has not deterred young Indian executives from investing heavily in them, hoping to make a quick buck
Ethereum has given a return of 257% since January this year
"The Indian Information Technology Act 2000 is completely inadequate to deal with the issues pertaining to digital currency," he said