⭐ Features Vera Thornpike

Is Mining Ethereum Worth It in the End of 2018?

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Is mining Ethereum worth it? Find out what ETH mining profitability is, and what the best cryptocurrency alternatives to Ethereum mining are.
Is Mining Ethereum Worth It in the End of 2018?
Contents

Mining is still considered to be one of the fastest and cheapest ways to become a proud owner of cryptocurrency riches. It seems to be easy-breezy: you install a mining rig, maintain its 24/7 functioning, and reap the profit.

However, not all cryptocurrencies are equally simple in mining. Is Ethereum worth hunting for at the end of 2018? It’s time to debug the myths.

What is Ethereum mining?

The process of Ethereum mining is pretty much the same a Bitcoin’s. For every block of the transaction, miners their computational power to solve mathematical puzzles until one of them wins. The first miner to process the data is rewarded with coins.

As explained by BTC manager:

“For the uninitiated, mining involves running the computer continuously as all the systems on a network compete among each other to solve complex numerical problems. The first system to crack the problem earns a set amount of ether or Bitcoin.”

Technically, miners run the block’s unique metadata (such as timestamp and software version) through a hash function and change the ‘nonce value’ that influences the hash value. If one miner finds the hash, other miners stop working on the current block and are automatically redirected to process the next block. This approach is called ‘proof of work’. In the nearest future, Ethereum team plans to make the switch to ‘proof of stake’ protocol.

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Typically, a miner finds a block every 12-15 seconds. If miners start solving the puzzle too quickly or too slowly, the algorithm automatically changes the difficulty of the problem so that miners would get back to the 12-second solution period.

Does it mean that the chance to get a block depends on luck?

Both yes and no. With Ethereum mining, luck and the amount of devoted computing power are important.

ETH mining profitability: What it depends on?

Every crypto enthusiast should decide for oneself whether mining Ethereum worth it in their personal case. There are a few factors you should consider before buying hardware or a cloud mining contract.

  • Hash rate. This is the rate at which a mathematical problem is being solved to verify a transaction. The higher the hash rate, the better will be Ethereum mining power.

  • Difficulty level. As we’ve mentioned, Ethereum algorithm adjusts the difficulty of mathematical puzzles according to the speed miners resolve them to keep the 12-second mining time. Therefore, the more miners join the game, the higher will be the difficulty level.

  • Electricity consumption. Buying mining hardware isn’t enough: you have to keep it running by providing a continuous power source and cooling. That means enormous electricity bills. Is it worth to mine Ethereum when your earnings don’t cover electricity expenses? Definitely, not.

Add to that the cost of mining hardware, and you will understand that mining for Ethereum is a bit more complicated than most people think.

Look at the picture: the recent price falling has caused recession of users, and, consequently, lower difficulty. However, it is still enormous compared to other cryptocurrencies and initial condition.

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Cloud vs hardware mining

If you don’t want to spend thousands of bucks on mining equipment, there’s always a chance to buy a contract for cloud mining – in this case, you won’t have to do anything at all. However, the most profitable contracts are typically concluded for at least a year or two. The hash rate stays the same while the difficulty level continues growing. That means that the contract that was once profitable may become totally useless within a few months.

Besides, it’s highly important to find a reliable cloud mining website – there’s a huge amount of scams and frauds.

Is mining Ethereum worth it?

Let’s face the truth: the biggest profits have already been gained. During 2017-2018, Ethereum raised in price considerably, and that attracted a lot of people. Millions of miners became suddenly interested in this way of making profit, so the difficulty of mining has risen enormously.

To top it off, the current situation on the market has made things only worse: Ethereum fell in price from $1,300 to $88. That totally devalues the process of mining.

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What do experts say?

According to the recent report from CNBC, cryptocurrency market will soon be filed as a history – this activity is no longer profitable.

A recent study by Susquehanna proves that it’s not worth mining Ethereum anymore: the profits per month have fallen from $150/month in summer 2017 to almost zero today.

This situation mostly takes place due to Ethereum price nosedive: it has caused a domino effect on the entire mining industry. The process becomes unattractive to miners and that affects the hardware producers. For example, Nvidia GPU and chip manufacturer has lost about $100 mln because of that.

Here’s what the company’s representative said:

“We estimate very little revenue from crypto-related GPU sales in the quarter, consistent with management’s prior commentary that they were including no contribution from crypto in their C3Q18 outlook.”

Such mining giants as Bitmain have managed to create a monopoly in the digital mining market: recently, Bitmain’s hashrate already exceeded 40% on the Bitcoin network, and it is going to reach the threshold of 50%. But with Ethereum, things are different.

What’s the trick?

Here’s another hidden pitfall: the specific proof-of-work algorithm used by Ethereum (it’s called ‘ethlash’) is made so that mining would be harder with expensive ASICs – special mining chips.

That means that dedicated ASICs aren’t suitable for mining Ethereum. Besides, since Ethereum will move from proof-of-work to proof-of-stake protocol, buying an ASIC might be a bad idea because it won’t serve long.

Is Ethereum worth mining with a PC or a smartphone? Again, not – they won’t provide enough calculating power. Before you select any hardware or cloud mining plan, make thorough calculations – it will give you the understanding of perspectives and risks.

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So, I stand no chance?

If you build a mining rig in hope for Ethereum difficulty to decrease with the number of miners subsiding, that won’t make any sense. However, you can switch to another cryptocurrency – this might be a great chance to compensate for hardware and electricity expenses.

The worthiest cryptocurrencies with optimal difficulty are:

  1. Monero. This is a digital currency for anonymous transactions. Its network was specifically tailored to resist implementation of Monero ASICs, that’s why this coin can be mined on your home computer. The mining process is simple: download a wallet to store coins (the official Monero GUI is recommended). Now download the software that supports Monero, for instance, guiminer or MultiMiner. Once you install it, the software will use the processing power to generate profit for you. If you want to get maximum coins, use AMD graphic cards – they’re in short supply, but you can still find some. For example, Nvidia graphic cards are still available.

  2. Dogecoin. Opposite to Bitcoin, Dogecoin cryptocurrency was made to add new coins annually. That’s added incentive for all miners participating in the process. The process of mining is the same: create a wallet, use your personal computer to install mining software. AMD and Nvidia cards can be used to boost the process. If you choose GPU mining, then install cudaminer or the cgminer software. Note that mining Dogecoin doesn’t impact your device because the process is running on the background.

  3. Vertcoin was created specifically for minor mining operations: it uses proof-of-work consensus, but is protected against mining by ASICs. Therefore, huge mining operations cannot dominate the Vertcoin Blockchain as it happened to Bitcoin. Implementing its philosophy of developing “the people’s coin’, the team created a special miner for generating VTC. This software can be downloaded for free from the official website, and supports CPU and GPU mining. Once you install and download the software, you will need to select a mining pool depending on the amount of available computing power. At the moment, Vertcoin can be mined with AMD and Nvidia graphic cards.

  4. Bytecoin. This is another cryptocurrency that can be mined on a home computer. Bytecoin puts an emphasis on solo mining – it’s designed to be an easy process for Bytecoin users. They only need to download a wallet and run software on their computer: when the program synchronizes with Bytecoin’s Blockchain, the wallet should be specified. To boost earnings, it’s better to join a mining pool that supports CPU mining. bytecoin.party is a good case in point – it doesn’t charge fees. Alternatively, you can download compatible mining software, for example, xmrig. GPU mining is also available.

If you doubt whether Ethereum mining worth it, try altcoins – there are still many decent variants around. Considering the volatility of coins, you can still benefit from price fluctuations. There’s no need to own a huge mining rig – even your PC can generate you a small income. Just keep an eye on electricity costs.

Bottom Line

So if you still ask yourself “Should I mine Ethereum?’’, change your mind. The difficulty is too high to handle it. The cruel truth is that mining cryptocurrency is not a ‘get-rich-quick’ scheme anymore. This is a business in which people invest a lot of money and time before they enjoy a substantial passive income.

While mining solo is still available, it’s highly recommended to join a mining pool because you will reap benefits from a larger supply of processing power and speed which will result in better returns. MultiPool, CoinEx are among the most well-established mining pools.

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⭐ Features Stavros Georgiadis

Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

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Tron (TRX) has a 1-year performance of about -34%, which is much better compared to the collapse of prices of other cryptocurrencies
Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?
Contents

Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

Tron (TRX) has a 1-year performance of about -34%, which is much better compared to the collapse of prices of other cryptocurrencies. In fact, Tron has a year-to-date performance of +35.94%. In this article we will mention some Tron price prediction ranges from various sources, plus we will make our own Tron price prediction for February 2019 based on our technical analysis. Some key stats for Tron as of Feb. 2, 2019 are the following:

  • Price of Tron (TRX) is $0,026339
  • Market Cap: $1.755.963.777 USD, 503.847 BTC
  • Volume (24h): $200.614.221 USD, 57.563 BTC 
  • Circulating Supply: 66.666.917.581 TRX
  • Total Supply: 99.266.129.237 TRX
  • Rank 8 on CoinMarketCap based on top 100 cryptocurrencies by market capitalization

Tron price prediction February 2019 based on various sources

What are some Tron price prediction opinions?

  • WalletInvestor is pessimistic about the price of Tron in the long-term, but according to its forecast trend line the price of Tron may be above $0.030 in February 2019. It has a Tron price prediction for the next 14 days as $0.0331 USD to the upside and $0.0256 to the downside.
  • PrevisioniBitcoin is bullish on Tron, estimating that it will have a minimum price of $0.030 in February 2019.
  • CoinFan makes the following Tron price prediction range. A minimum price of $0.051126476 and a maximum price of $0.069171114. This seems to be a very optimistic price forecast as the minimum price is almost 96% above the current price of about $0.02633 as of February 2, 2019.
  • DigitalCoin only provides as a forecast the price of $0.03284536.
  • ExpressTricks has a Tron price prediction of $0.50 for February 2019, another very optimistic forecast.
  • CryptoGround is on the other side of forecasts, with a conservative Tron price prediction of $0.0270 for a time period of one month, a return of +1.79%.

Tron price prediction based on technical analysis

What does the weekly and daily chart for Tron tell us trying to make a forecast for February 2019? We will examine the two charts, trying to make an unbiased Tron price prediction for February 2019.

Tron price prediction based on weekly chart
Tron price prediction based on weekly chart
Tron price forecast based on daily chart
Tron price forecast based on daily chart

The two scenarios, the optimistic and the pessimistic ones, bullish and bearish for the price of Tron in February 2019 can provide some possible ranges.

Tron price February 2019 prediction bullish scenario

A very positive note is that both on the daily and weekly chart there is a trend shift from downward to upward. On the daily chart the price made a bottom around the level of $0.011, retested the low level of $0.012 and made a nice rally up to the level of $0.036 on January 10, 2019.

The price of $0.0257 as of Feb. 10, 2019 is above the 50-day and the 20-day exponential daily moving averages. The fact that both these moving averages are trending up is positive for the price of Tron. It means buying pressure. On the weekly chart the MACD indicator is trending up, and its histogram is positive, Momentum indicator is rising, and price is above the 50-period and 20-period exponential moving averages.

Switching back to the daily chart, the ADX/DMI indicator shows a strong trend and the +DI line is above the -DI line, with values of 25.41 and 20.20 respectively. A first target price is the upper daily Bollinger band at $0.029. Next potential targets would be the high prices of $0.0312 and the recent high price of $0.036.the 20-day exponential moving period with a value of $0.026, where current price of Tron is now, should provide a strong support.

Tron price prediction February 2019 bearish scenario

On the weekly chart the level of $0.0296 is a very strong resistance. Other strong levels od resistance are $0.0279, and $0.0288. On the daily chart the MACD indicator has made a bearish crossover, the Momentum indicator has lost its upward direction and now is pointing down, and there are strong levels of resistance at $0.0264, $0.027 and $0.0275. If the current uptrend is to pause and reverse, then possible targets are $0.0243, $0.0237 which coincides with the 50-day exponential moving average and then $0.022.

Traders should monitor the trendline that extends from the low price of $0.0127 on Jan.10, 2019 to the high price of $0.0263 as of Feb. 2, 2019. If this trendline does not hold as support, then lower prices are very likely.

For February 2019 we prefer the bullish scenario, as odds are for now in favor of it. As always it is not an investment recommendation, just an analysis and a forecast.

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⭐ Features Yuri Molchan

Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

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Tyler Swope, also known as Crypto Chico, shares his personal vision of the Tron project on the particular case of the BTT ICO that happened on Binance the other day
Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects
Contents

On Wednesday, Jan. 30, Tyler Swope, nicknamed Crypto Chico, published a YouTube video claiming Tron and Binance plotted to grab some money by launching the BTT token on Binance Launchpad. U.Today prepared a news story, reporting this untypical point of view regarding Tron, Binance and their CEOs.

We have gotten in touch with Tyler Swope and asked him to clarify his position regarding Tron and their marketing strategy in particular.

‘I swear to tell truth, the whole truth and nothing but the truth’

U.Today: Why are there so many crypto communities on Twitter who have a negative opinion about you?

Tyler S.: They have negative opinions on me cause I tell the truth of what goes on in crypto, and the truth hurts the most.

‘Tron is nothing but a pump and dump scheme’

U.Today: Tron has been making a lot of progress recently, having taken on several big games, including TronGoo (formerly EtherGoo) and MMORPG KuaiXiYou. It has managed to advance from beyond the top-ten list of crypto assets inside it pretty quickly, raising its market cap.

On dappradar.com many of the top ten dApps, those that show a great cash flow, are Tron-based, and none are powered by its rival Ethereum, for example.

Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

Still, in the video about BitTorrent you poured some harsh criticism on Tron and Binance, along with their CEOs. What is the reason you are publicly criticizing those projects?

Tyler S.: Because it was an obvious pump and dump, marketing ploy and I would like the public to know this.

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‘Justin Sun is no relative of mine’

U.Today: How are you connected with the Telegram channel ‘TRON (TRX) Announcements’, which posted a link to your video and claims that they know what indeed is happening with Tron?

Tyler S.: I have no connection to them and never heard of them before in my life before 30 January 2019.

‘Crypto market is irrational’

U.Today: What do you think the future of Tron is, in light of your video regarding the BTT ICO? Does it have any chance of reaching the list of the top-four coins in 2019, as Justin Sun promised?

Tyler S.: No, I don't believe it does, but who knows, this market is irrational.

‘Deceptive marketing tactics’

U.Today:  How can Tron be so popular with the community and dApp developers if you claim that Tron’s code contains a great number of bugs?

Tyler S.: They used deceptive marketing tactics and any good developer is not building on Tron. I used open source tools SonarCloud and SonarQube, you can check for yourself.

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⭐ Features Darryn Pollock

Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

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Bitcoin has been pronounced dead multiple times in its 10-year life; its recent fall brought about another obituary, but why is it that Bitcoin is NOT dead?
Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?
Contents

A popular site called 99Bitcoins keeps a close eye on the number of times that Bitcoin has been declared dead in the mainstream media. Currently, it has accrued 336 obituaries for the digital currency.

The latest drop in the price of Bitcoin, which took it from the mid-$6,000 mark down to near on $3,000, sparked fresh panic and capitulation as many believed that the cryptocurrency had had its last days.

There were concerns over its utility and usefulness, as well as the potential for a so-called death spiral in the mining of Bitcoin as many miners shut up shop. Yet, Bitcoin continues to exist, and at time of writing, has bounced back to over $4,000.

So what is it that is keeping Bitcoin alive? It has no CEO, no company headquarters, and because of its decentralised nature, has no one to drive it to keep it alive; it relies solely on those who are interested in it.

The underlying blockchain

Bitcoin, or cryptocurrencies in general, have a very special relationship to their underlying technology, blockchain. They are of course dependent on each other to operate, but they also move independently of each other in many respects.

Blockchain is advancing in a very different path to that of Bitcoin, but it was Bitcoin’s initial explosion in the mainstream financial space that made people take blockchain seriously.

Now that the cryptocurrency bubble has essentially burst, there is a lot less hype and interest in it. However, blockchain, the technology behind it all, is getting a chance to come out and shine for its technological reasons alone.

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For this reason, Bitcoin is still very much relevant. Blockchain progression is building steadily, and solidly, and because of its adoption across all centres, people still appreciate the usefulness of a digital token.

Bitcoin, as the major digital token that encapsulates all the main points of cryptocurrency and blockchain — such as decentralisation and transparency, and of course distribution — is the epitome of a functioning token economy.

Manageable mining

Another reason why Bitcoin hasn’t totally capitulated is because of its built in mining difficulty adjustment. Many people feared that Bitcoin could go under if the miners, an important part of any proof-of-work cryptocurrency, decided to abandon Bitcoin because of the increased difficulty and the loss of profitability.

Indeed, when the price dropped significantly in November, many miners did shut down and the hash rate also fell. But, because Bitcoin has a built in adjustment, the lower hash rate caused the mining difficulty to increase, and thus caused profitability to increase again, enticing miners back.

With more miners mining, there was increased health and activity on the blockchain, which leads to better interest and investment in the markets. This, in turn and in a compound way, then helps boost the price and drive more miners back in, again increasing profit and price.

Shedding the speculators

There is also a big difference between a burst speculative bubble and the death of a market. Some markets can be destroyed by the bubble pop, but in the case of Bitcoin, it is mirroring the dot com bubble because it has a similar nature.

With its underlying blockchain equitable to the internet, and the ICO hype and other factors equitable to Dot Com companies, one can see that this type of burst bubble is a chance for Bitcoin to shed its foolish speculative investors, and allow for those who are serious and successful to rebuild the market based on the important technology underneath.

Bitcoin will continue to be called dead, and erroneously so because it has only hit the mainstream in the last 18 months or so.

However, if one is to zoom out a bit, one would see that an investor who bought Bitcoin two years ago rather than, say, one year ago, would still be over 300 percent up on their investment.

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⭐ Features Guest Author

GameCredits Bittrex Review: The Detailed Guide for Beginners

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GameCredits (GAME) is an in-game payment platform that is poised to become a major disruptor in the multibillion-dollar gaming industry
GameCredits Bittrex Review: The Detailed Guide for Beginners
Contents

GAME (a.k.a. GameCredits) is an innovative cryptocurrency that has been very popular within the international gaming community. Thanks to the recent strategic partnerships with Microsoft and Xsolla, the team behind GAME crypto managed to achieve the incredible leap in promotion of this cryptocurrency.

Why should you exchange GameCredits on Bittrex?

There are so many exchange services out there. Why should you use the services of Bittrex in order to exchange or trade your GAME coins? The main advantage for beginners — Bittrex has never been hacked unlike other large platforms. Since 2017 all user accounts of this U.S. exchange service are solidly protected.

Also, this project implements the multi-level wallets strategy. About 90% of customer funds are stored offline. 2-factor authorization is offered for users (in particular, for withdrawal of their funds from wallets). If it is not activated, the exchange sets certain limits on withdrawals.

Features of Bittrex for GAME users

Bittrex offers a modern trading platform that is always accessible offline. If you type GAME in the search field on the main page, you will instantly see the chart with prices changing in real time. For example, currently (5th December 2018) you may see that the price of 1 GAME in the pair USD/GAME on Bittrex is $0.07.

Below the chart is a window with platform’s apps. The platform is designed for both beginners and experienced traders. You may check the possibility of a thorough technical analysis of any assets using technical indicators is implemented.

By default, an algorithm for calculating volumes is set straight on the chart of GAME/USD and GAME/BTC. The site features 450 currency pairs traded with Bitcoin. There are quite good trading opportunities with both BTC and ETH for GAME owners.

However, Bittrex does not have currency pairs with fiat money. Buying Bitcoin, Ethereum or Tether is possible by bank transfer. In order to use this service, you must pass the account verification. Traders have the opportunity to open different types of orders.

For example, they can buy GAME and other available assets at the market price or choose pending orders for the purchase of a particular cryptocurrency at the desired value. The only drawback - Bittrex does not offer any margin trading.

Deposit and withdrawal of GAME funds of the Bittrex exchange provides wide opportunities for those who want to replenish their account and withdraw money from it with GAME cryptocurrency. Two stages of verification actually mean that the base level is the inclusion of 2FA and filling in the "About me" fields. To withdraw more money (more than 4 BTC), full verification is required.

Currently, there are two types of accounts on Bittrex:

  • Basic. Users provide name, address of residence, indicate the date of birth. This data is verified through open sources (social networks, for example). However, if security officers of the company fail to verify the information, more detailed verification will already be required with the participation of the user;

  • Advanced. To open such accounts, the user must provide scanned copies of identification documents along with a selfie attached;

How to buy and sell GAME on Bittrex?

According to almost any user’s review of GameCredits on Bittrex, the website offers the opportunity to trade market and limit orders. The first allows you to buy a cryptocurrency at the current price at which it is offered on the market.

Let’s suppose, GAME coin is worth $1. A user wants to buy it and is ready to pay that price. In this case, he chooses a market order, enters the volume of the transaction and presses the “Buy” button. If the user already has bitcoins and he wants to sell them, at the same time, the current price on the market fully suits him, this can also be done by placing a market order, only for sale.

Fees for services here are considered average for the global market. Bittrex charges 0.25% commission for all transactions. At the same time, payments from traders can be reduced depending on the time of the user’s trading status.

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⭐ Features Joseph Young

Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

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The government of India is exploring the possibility of legalizing crypto and regulating exchanges
Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?
Contents

Several local publications have reported that the government of India is exploring the possibility of regulating crypto.

At an official government meeting hosted by the interdisciplinary committee, a task force led by members of the Ministry of Economics and information Technology and the Ministry of Home Affairs, the committee ruled in favor of regulating cryptocurrencies with strict policies.

Sudden Change in Stance Toward Crypto

In April, the Reserve Bank of India (RBI) imposed a blanket ban on cryptocurrency trading, prohibiting the country’s financial institutions from dealing with cryptocurrency-related businesses.

The unexpected ban on cryptocurrency exchanges implemented by the country’s central bank effectively disallowed trading platforms from obtaining banking services from local financial institutions.

Several exchanges tried to pivot to cryptocurrency-to-cryptocurrency trading but with the dominance of Binance, OKEx, Huobi, and other crypto-only exchanges, local digital asset trading platforms failed to compete and shut down their businesses.

At the time, the RBI threatened to end its relationship with any local bank that deals with digital asset exchanges. A circular released by the central bank read:

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs (virtual currencies). Regulated entities which already provide such services shall exit the relationship within a specified time.”

In July, industry leaders, associations, and companies challenged the controversial decision of the RBI by filing a complaint with the Supreme Court of India. Within several months after the filing, the court ruled in favor of the RBI, allowing the central bank to impose a ban on cryptocurrency trading.

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However, on December 26, a senior government official told The New Indian Express in an interview that the government believes cryptocurrencies cannot be dismissed as illegal currencies and the asset class has to be regulated with strict policies.

“We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon,” the official said.

The change in the stance toward cryptocurrencies from the government of India likely comes from its acknowledgement of the risk in unregulated cryptocurrency trading. By placing a ban on digital asset exchanges, it forced investors out of a self-regulated market to unregulated peer-to-peer and over-the-counter markets that are difficult to regulate and monitor.

If the intent of the government is to prevent money laundering through the usage of cryptocurrencies, a more effective way of doing so is to allow cryptocurrency trading on exchanges with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.

When Could It Take Place?

Many reports were released in the past anticipating the legalization of cryptocurrencies by the government of India. Yet, the government showed no signs of regulating the asset class in the past 12 months.

With the G20 agreeing to regulate cryptocurrencies to crack down on money laundering, India, which is a part of the G20, could follow the global trend of regulating the asset class.

Given the history of India in the cryptocurrency sector, it may take several months to potentially years before cryptocurrency trading is revitalized and completely legalized with stable banking services provided by local financial institutions.

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