The theme of the third day of the Abu Dhabi Finance week is “Crypto Abu Dhabi”.
That's a big change in a market worth about $120 billion where bitcoin worth several billions dollars are created every year.
Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but their technology could improve the financial system in future.
Is the Future of Cryptocurrencies Gold or Dust?’ was the theme of a breakout session held on day three of the sixth World Government Summit (WGS 2018) in Dubai.
Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other "cryptocurrencies."
The slump in prices this week means the total market value of cryptocurrencies is down to $385 billion, less than half the high it reached in January.
The price of the world’s biggest and best known cryptocurrency fell to as low as $10,567 on the Luxembourg-based Bitstamp exchange.
Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public
Analysts and governments have repeatedly warned about a bubble that could burst at any moment as investors, many inexperienced, piled into the currency.
Nearly half of the cash that has poured into newly issued cryptocurrencies in recent years has been raised in Europe, research published on Thursday showed.
Russia is taking steps to regulate cryptocurrencies, as the value of virtual currencies such as bitcoin soars and their use in the real world increases.