Cannon said that cryptocurrencies allow people to take control of their finances, unlike banks, which is like having true freedom.
Germany decides not to tax digital currency use for buying products, or services. Tax exemptions are also being thought-out for EU member states.
Apart from Bitcoin, other cryptocurrencies have also corrected heavily as the over market valuations touch a month-low of $350 billion.
Mt Gox trustee Nobuaki Kobayashi has revealed the liquidation of bitcoin and bitcoin cash over the past few months.
Although the Dutch government is willing to allow its citizens to trade in digital currencies, it is looking forward to regulate trade in cryptocurrency.
The twin brothers are quite bullish on the future growth story of cryptocurrencies as they look forward to expanding their platform.
Japanese regulator, Financial Services Agency has announced plans to subject cryptocurrency exchanges to punishments for failing to employ adequate protective measures against money laundering and hacking.
The SEC said that some unlawful trading platforms take the undue advantage of establishing their own rules and standards while dealing with digital assets.
The new blockchain-based MoneyTap will allow customers to make instant payments just by using QR Code, phone number or bank account.
Reports of the alleged hack say that hackers have hacked the trading bot on the exchange and sold all the altcoins of the compromised accounts.