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The Entire Cryptocurrency Market Is Now 54% Bitcoin

Bitcoin now dominates 54 percent of the total cryptocurrency market cap, hitting a level on Tuesday not seen since the time of its all-time price highs in December 2017.ANALYSTS DREAM OF ALTCOIN REBIRTHAccording to data from Coinmarketcap, Bitcoin $6312.49 now has a market cap of $105 billion. August 11 formed the latest date when Bitcoin’s market cap […]

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Hacker plays ‘Doom’ on John McAfee’s ‘unhackable’ BitFi Bitcoin wallet

A 15-year-old bedroom hacker has managed to get classic first-person shooter Doom running on the allegedly “unhackable” BitFi crypto-wallet touted by tech-evangelist and paid promoter John McAfee. Although the Bitcoins that the wallet gives access too still appear unaffected by the hack, it doesn’t bode well for the device, which some have described as little […]

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US Software Giant Intuit Awarded Patent for Processing Bitcoin Payments via SMS

U.S. software company Intuit has been awarded a patent for processing Bitcoin (BTC) payments via text message (SMS), according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 7.The patent, which outlines a system through which users can transfer BTC funds via sending an SMS on their cellphones, was originally filed […]

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Top Technical Analyst Says It Could Be ‘Game Over’ For Bitcoin

A difficult week for bitcoin investors may get much worse, according to Renaissance Macro Research.The firm’s head of technical research, Jeff deGraaf, said he would recommend betting against bitcoin if the cryptocurrency broke through its key year-to-date support level.”Parabolic moves are notoriously dangerous for short‐sellers … Usually a top develops that often appears as a […]

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Cryptocurrency Funds Will Soon Be Able to Opt for Goldman Sachs’ Crypto-Custody Services

The launch of crypto-custody service by Goldman Sachs will help to instill more confidence among investors and may even drive big players to participate in the cryptocurrency market.According to the report from Bloomberg on Monday, August 6, financial banking giant Goldman Sachs is considering the prospects of launching custody services for crypto investment funds. Citing […]

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Researchers Discover Huge Crypto Scam Botnet on Twitter

Researchers have uncovered a huge botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency “giveaway” scam.As reported by ITPro, the discovery was made during a research effort by Duo Security that looked at 88 million Twitter accounts from May to July and used machine learning to identify bots, malicious or otherwise, on the […]

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‘Shakeout Year’: Economist Says No New Cryptocurrency Price Highs In 2018

Amid renewed talk about cryptocurrency prices surging in the second half of 2018, one of the industry’s oldest commentators has said he does not think this year will see new all-time highs.‘SIDEWAYS AND DOWNSIDE POTENTIAL’In a forecast and analysis August 2, economist and investor Tuur Demeester said that 2018 would likely fulfil the role of […]

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DEA: Criminal Activities Account for Just 10 Percent of Bitcoin Transactions

Cryptocurrency enthusiasts have long argued that it’s unfair to characterize bitcoin as a haven for drug dealers and money launderers. Now, they have data from the U.S. Drug Enforcement Agency (DEA) to back up that claim.Speaking in an interview with Bloomberg, DEA special agent Lilita Infante said that criminal activity accounts for approximately 10 percent […]

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Goldman Sachs Is Considering a Custody Offering for Crypto Funds

Goldman Sachs Group Inc. could offer a boost for the burgeoning universe of funds betting on cryptocurrencies.The firm is considering a plan to offer custody for crypto funds, according to people with knowledge of the matter. That means the bank would hold the newfangled securities on behalf of the funds, reducing risk for clients seeking […]

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Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality.As CCN reported, Intercontinental Exchange (ICE) — owner of the New York Stock […]

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