Off late the cryptocurrency has surged dramatically leading to increase in acceptance among traditional investors who are sceptical of it before. Travis Weaver took to twitter and claimed that in 2011 he bought around 1,500 Bitcoin at a price of $2.87 each. He further added that he will pick five random people who will retweet his tweets to give them his cryptocurrency for free. In Japan, following the failure of a bitcoin exchange called Mt Gox, new laws were enacted to regulate bitcoin and other virtual currencies. Compared with the global bitcoin capitalisation of $27 billion, Indian bitcoin landscape is at a very nascent stage.

Source: dna December 08, 2017 06:36 UTC