Cryptocurrencies continue to become popular for some investors despite their extreme volatility. Bitcoins and altcoins can also be used for daily transactions like their fiat counterpart. However, you need to convert crypto to local money before you can spend it offline.
Japanese cryptocurrency exchange, Zaif recently suspended its operations after losing nearly $60 million USD and thousands worth of Bitcoin in a hacking incident. This is the second large-scale hacking that happened in the country in 2018.
A recent meeting between EU Parliament members and blockchain leaders focused on the issues facing future policies regarding Initial Coin Offerings or ICO. Three key issues came out: raising capital, existing regulations, and the effect of centralization.
Fintech company, Ripple is working with a group of banks in Japan to release an application this year that will make money transfers more affordable.
The biggest convention on blockchain and fintech is near. Big personalities and tech experts are expected to attend Ripple's annual convention in October.