As we have stepped into 2018, despite a dream run in 2017, everyone appears to be sceptical about the future of Bitcoin and other cryptocurrencies in 2018. From the dark web of the cryptocurrency sources, mining, money laundering and investments to the glorious future of its benchmark technology i.e. blockchain that every organisation and government authorities are looking forward to, Bitcoin is caught in dichotomies at several levels.
As India and China have cracked down on cryptocurrencies, ‘Virtual Currency girls’ have raised the Bitcoin curiosity with their latest song “The Moon and Virtual Currencies and Me” humming with the lyrics that says, “It’s hell if you buy at a high price!…Don’t underestimate the market!”
Meanwhile, as Reliance Jio joins the gang of KFC, Burger King, Kodak and others, Warren Buffett reiterates his concerns about investing in Bitcoin and other cryptocurrencies.
Let’s take a look at the recent developments from the world of Cryptocurrency!
Reliance Jio To Launch Its Own Cryptocurrency JioCoin
After Burger King, Kodak, Telegram and Bank of England, India’s fourth-largest telecom giant Reliance Jio, a wholly-owned subsidiary of Mukesh Ambani led Reliance Group, is now set to launch its own cryptocurrency or cryptotoken dubbed as JioCoin.
Akash Ambani, the elder son of Mukesh Ambani is leading a 50-member team, working on blockchain technology for the JioCoin project.