The biggest event in the cryptocurrency past couple years was the declaration of the Chinese authorities to shut down and do raids on 22 exchanges which were exchange for cryptocurrencies trading. Thus, as a repercussion of regulating the e-currency, one of the largest exchange in China announced that they will be ceasing trading activities by the end of September. https://www.coinroster.com has some nice tips on this. It is an indication that the value of bitcoin dropped as a result of this news. It is also an indication that the value of bitcoin dropped as a result of this news. It is also an indication that the value of Ethereum has dropped as a result of this news. Yet the cryptocurrency rollercoaster still continues. From January 2017 to March 2017, bitcoin values multiply multiple times and from March to September in just half a year. Some analysts hope that it can be like the recent sudden crash that can be recovered relatively soon. Josh Mahoney, a market analyst at IG, responded by saying that cryptocurrencies have a “past experience tells us that [they] will likely brush these latest challenges aside”, adding that they will likely brush these latest hurdles aside. However, there are many people who don’t understand and are against them. Mr. Demon, CEO of JPMorgan Chase, remarked that “isn’t going to work” and that it “is a fraud… worse than tulip bulbs (in reference to the Dutch ‘tulip mania’ of the 17th century, recognised as the world’s first speculative bubble) … that will blow up” He goes as far as saying that he would fire employees whom he would consider as stupid enough for deciding to trade in bitcoins. Information aside, what is happening with this situation? Countries such as China, the US and many other world nations, are now more interested in examining how cryptocurrency should be regulated in their respective regions.