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On January 23, Financial Services Authority (FCA) published a 50-page article titled “Instructions for Cryptocurrency Assets,” for the legislators of the country.

Cryptocurrencies are a new phenomenon in today’s modern world. A phenomenon whose advent is owed to technologic and communicative developments. Without new technologies, there would have not been anything known as Blockchain and cryptocurrency.

Elon Musk, CEO of Tesla Inc. and active entrepreneur in the field technology, said on Tuesday, February 19, 2019, on the advisory firm’s ARK investment podcast that the Bitcoin cryptocurrency (BTC) is quite amazing, and that compared with paper money, cryptocurrencies are a better way of transferring value.

Central Bank of South Korea which announced it would not introduce its own cryptocurrency last week, has recently warned about national or central bank-issued digital currencies. This report was first published on February 7 in Yonhap News Agency, a local news outlet.

Craig Wright has claimed that he is Satoshi Nakamoto, the creator of Bitcoin, and has made a lot of hype with this claim. On Friday, February 15, he sent two almost identical return letters to U.S. Commodity Futures Trading Commission (CFTC) as a senior scientist at the nChain institute.

Considering the declining trend of Bitcoin and other cryptocurrencies, all thought that the total failure of cryptocurrencies is approaching, but the event taking place on Friday made activists and stockholders hopeful in the field of cryptocurrencies. The price offered for Bitcoin on Friday reached one of its highest records in recent weeks and experienced 10.5 growth during 24 hours. The price of this cryptocurrency reached $3710.

The exchanges were the old form of today’s banks which undertook storing, converting and transferring money and currency. Although exchanges gradually disappeared with the advent of the banks, we see a kind of exchange today which works in the field of cryptocurrencies.

According to Wlad van der Laan, the lead maintainer of Bitcoin’s most widely used software, Bitcoin supply will not see an increase.

The first free from government town has launched its local cryptocurrency as the only means of trading. Liberstad is a town in the south of Norway which is run on the anarcho-capitalist ideology. 

The main reason for the emergence of various cryptocurrencies around the world is the practicality observed in Blockchain Technology;