Switzerland known all over the world for its banking secrecy, aim to become a major "crypto nation". It has been a friendly nation to icos and is bold in claiming their support. Having the reputation of allowing wealthy clients evade tax and its outright stance on cryptocurrency has put the country at a very big risk.

Roman Bruskov, DeHedge Editor-In-Chief told Express.co.uk said “It will not be long before we witness the first scandal involving the words ‘Swiss’ and ‘crypto’ in the same headline if such hazardous foreplay with the phenomenon is allowed to develop further.”

Germany sees bitcoin as a currency, equivalent to legal means of payment, an alternative to fiat and an acceptable mode of payment. They will not tax the person who buys coffee using bitcoin. More interestingly, they are not to tax bitcoin Exchange operators who are using their name or act as intermediaries for buying and selling bitcoin. Not included in this exemptions though are exchanges that operate as a technical marketplace.

This actually is the evidence that bitcoin can be regarded as a currency, not as an asset wherein every mkve you make using it you will be taxed. If only more countries will accept bitcoin as payment then it will really level up how people look at bitcoin.

Source: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

Samsung will use the technology behind bitcoin to track their shipments and is said to be very helpful for their logistics team. Their logistics chair has recognized the technology of bitcoin as technological breakthrough and to quote "fuel for Digital transformation"

Indeed it would be beneficial because in the age where everything is automatic, not only fo we want our food and money on an instant, companies on the other hand want a clear way of seeing how their business is doing especially in a company like samsung. The supply of samsung is vast and scattered all.over the world. It is beneficia for them to track their stocks and shipment because it makes their business easy to handle.


Source: https://www.bloomberg.com/news/articles/2018-04-15/samsung-jumps-on-blockchain-bandwagon-to-manage-its-supply-chain

Investment scams in the Philippines has levelled up. Bitcoin has been helpingva lot of people earn money and many have heard this already. Everyone wants to be riding the same boat and wants to be instant millionaires. A couple in the Philippines has used this urge to lure them to join a multi-level marketing scam. Read more here http://newsinfo.inquirer.net/981374/news-bitcoin-cryptocurrency-ronald-dela-rosa-cidg-investment-scam

India based exchanges BTCXIndia and ETHEXIndia have notified their customers via email that they will have to stop operating their trading site due to government stance against cryptocurrency. Also, several banks has placed actions that attacks these exchanges like limiting or preventing them access to their accounts in the risk of illegitimate transactions. This has caused so much stress on these exchanges forcing them to close down. Check the full story here https://cointelegraph.com/news/india-two-crypto-exchanges-halt-trading-blame-discouraging-government-stance

The move from these teo trusted sites is to protect those that are new to cryptoworld that are vulnerable to online scams using crypto to get money from innocent people. This is actually good for everyone. Not all people see the goodness in this act by facebook and google. If this gets implemented, people will only buy bitcoin in legit sellers and websites which means many people will now trust that they will not be scammed. The only reason why some people didnt invest earlier was because of fear of being scammed. If google and facebook will remove this vulnerablility then this will enhance the value of cryptocurrency and might bring the price back up.

Manny Pacquiao, the famous boxer from the Philippines is taking part in the blockchain technology and will be launching his coin which he named PAC coin. This was after a singapore based exchange allow celebrities to make their own coin. Pacman is said to be the first ever celebrity to make his own coin at GCox and is planning to be its celebrity ambassador. Read more on this here:
https://sg.news.yahoo.com/welterweight-champion-congressman-now-manny-pacquiao-entering-blockchain-042428989.html

Bitcoin price drop is simply because of the law of supply and demand. If a bad news was released, many people want to get rid of the coins they have due to panic. Sometimes fud after fud comes out so all the more people lets go of their kept coins thus further lowering the value of bitcoin. So if more people sell, more bitcoins are available for sale. This lowers the demand for bitcoin resulting to decrease of its value. So to counter that, instead of selling our coins out of panic, we must buy more coins to leverage the amount of sold coins. We must do this together so that any fud or bad news won't affect the price of bitcoin. The price of bitcoin is in our hands. Let's help each other.