When the Reserve Bank of India tacitly acknowledge the existence of dogecoin, a digital currency that was initially started as a joke, the central bank couldn’t have imagined that the dogecoin community would put together a fund-raising effort aimed at helping Indian athletes reach the Sochi Winter Olympics.The Dogecoin Foundation, a non-profit organisation started by dogecoin creators Jackson Palmer and Billy Markus, has just done that, however.According to several media reports, Indian athletes Himanshu Thakur and Nadeem Iqbal require funding to defray the costs of competing at the Sochi Winter Olympics.The dogecoin community took to the challenge, and raised the roughly $6,000 required to help the athletes.“The Indian Olympic Fund is finished!We have reached our donation goal of 4 million doge, all donations beyond this point will be diverted to the general fund,’’ the foundation said on its website.Little clarity Virtual currencies such as bitcoin and dogecoin have received little clarity with regards to regulation from the Government and the RBI.

The I-T department and Enforcement Directorate have conducted raids against several bitcoin operators despite the current lack of regulation.* FM HomeCryptoCurrencyNewsNigeria Warns of Bitcoin, Ripple, Monero, Litecoin, Dogecoin, and Onecoin Nigeria Warns of Bitcoin, Ripple, Monero, Litecoin, Dogecoin, and Onecoin The Central Bank of Nigeria has sent a notice to banks and other financial institutions in the country, warning them of some issues associated with cryptocurrencies.The regulator specifically stated that Bitcoin, Ripple, Monero, Litecoin, Dogecoin, Onecoin and others are not legal tender in Nigeria and thus anyone dealing with them do so at their own risk.To unlock the Asian market, register now to the iFX EXPO in Hong KongUnlike the claims on some community forums, the central bank did not “ban bitcoin” in Nigeria but rather just asked the financial institutions under its jurisdiction to follow standard policies meant to curb money laundering and terror financing.While banks are asked not to hold, trade or use any cryptocurrencies themselves, they are allowed to keep servicing bitcoin exchanges.

They need to make sure these exchanges have effective controls in compliance with rules on customer identification, verification and monitoring.Only if the exchanges are found to be not compliant do banks need to stop their relationship with them according to the Central Bank of Nigeria.And if banks notice any suspicious transactions, they need to be reported, presumably just as with any non-cryptocurrency related clients.It should be noted that many reports refer to the Bulgarian-created OneCoin as a multi-level marketing (MLM) scam.xDon't stay behind!Sign up for our newsletter and get all the hottest news in your inbox daily.* First Name Last Name Email address* I would also like to receive business enhancing offers and promotionsName Report News First NameLast NameEmail message*Name Found a mistake?First Name*Last Name*Email* message*CommentsThe price of ether rose a meteoric 65% in April to touch $80, but already analysts are predicting that the digital token could pass $100 – and soon.

In remarks to CoinDesk, cryptocurrency hedge fund managers were perhaps the most bullish about this projection, stating that they believe it will hit this mark in coming trading sessions.Opened to the market in 2015, ether tokens, which power the ethereum blockchain, are up 2,800% from their original sale price during a fundraiser for the platform."I told my head trader two days ago that ether was going to hit $100, and probably hold there for a while," Tim Enneking, manager of Crypto Currency Fund, told CoinDesk.ethereum hiveArthur Hayes, operator of the cryptocurrency derivatives exchange BitMEX, agreed, predicting that ether's "massive bull run" will likely end with its price reaching $100, though he believe active traders will likely take profits and reassess the asset at this point.ethereum loansStill, not everyone believes that ether's price movements are worthy of the spotlight.paul krugman bitcoin new york times

Jacob Eliosoff, an algorithmic trader, pointed to what he called the "general hysteria" around the market for publicly traded cryptographic assets.(Data from Coinmarketcap reveals the total market added $11bn in April, compared to just $3.6bn in March.)Such a development points to a broader narrative that suggests as bitcoin's price gains become more narrow, traders are seeking profit elsewhere.bitcoin mining payout methods"When ether is barely outperforming dogecoin, it's a strong sign that ethereum itself is not the real story here."sell bitcoin calgaryIndeed, the price of tokens on the dogecoin blockchain has risen 133% over the last month, though dogecoin, founded as a joke project, has seen less institutional or developer traction.litecoin miner testOther respondents pointed to the general trend of positivity around the ethereum platform as the reason for ether's gains.bitcoin influencers

Ethereum has of late become the subject of interest of institutions including Bank of America and JP Morgan, as well as a budding ecosystem of decentralized applications that use the blockchain for automated operations.The result, according to Eliosoff, is that there is a growing belief ethereum will be among the platforms that prevail when market fervor settles."I give ether a good chance of being among the keepers."bitcoin cryptography explainedTrack the price of ether on CoinDesk's new ethereum price page.bitcoin central suisse$100 bill image via Shutterstock The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.Jump to: , Celery is an easy, secure and fast way to use bitcoin, litecoin & dogecoin.Celery is a hosted web-based EWallet used for sending, receiving, and storing bitcoin, litecoin & dogecoin.