A young German entrepreneur is hoping the digital currency he has invented will one day rival Bitcoin. Dominik Schiener says the IOTA revolutionizes transactions – but will it catch on?
The German capital is fast becoming a major center for the development of cryptocurrency systems. The Longhash Crypto Festival held in the city brought together participants from across the world.
The best-known cryptocurrency, Bitcoin, has been around for 10 years and its history so far has been one of ups and downs. The financial world is still split down the middle over the future of the virtual currency.
A further drop in the value of Bitcoin and other cryptocurrencies has recently left investors nursing heavy losses. Many proponents are holding out for a new breakout, if their digital assets can go mainstream.
Vietnam has launched an investigation into a multi-million-dollar cryptocurrency scam, ordering a crackdown on trading in the highly-popular iFan and Pincoin digital currencies in its lightly regulated market.
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