Dash is shedding gains at press time, but looks set to defend $600 levels. As per CoinMarketCap, the world’s fifth largest cryptocurrency by market capitalization is trading at roughly $685 – down 9.3 percent on the day – after rising to an all-time high of $826.95 at 09:59 UTC. Also notable is that trading volumes have hit a record high of $4.84 billion, suggesting the rally might be here to stay. A look at the individual markets shows that the Read more …
The rise in popularity and prices of cryptocurrencies will bring an inevitable rise in cyber-crime and those trying to steal it. This last week has seen the crypto top three; Bitcoin, Litecoin and Ethereum, all reach record price highs of $11,400, $100 and $500 respectively. Big bucks bring bad guys and they are finding ever more devious ways to get at this digital booty. Internet security researchers have found new techniques that let hackers perform browser-based crypto-mining even after the Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin network consumes more electricity than 159 individual countries including ireland, a new report by CBS revealed. In contrary to most claims, bitcoin’s massive consumption of electricity is a positive aspect of the cryptocurrency, as it provides more security value to the network. Proof-of-Work is Important For Bitcoin Earlier this year, in a response to JPMorgan CEO Jamie Dimon’s baseless condemnation on bitcoin, security expert John Read more …
“Big Four” auditing and accountancy firm PwC has accepted its first ever payment in cryptocurrency. According to a report by The Wall Street Journal, out today, the firm’s Hong Kong office indicated that it accepted the payment in relation to its work with local companies working with cryptocurrencies and blockchain technology. The transaction was reportedly made using bitcoin in exchange for advisory services. Explaining that the move demonstrates how PwC is “embracing new technology,” PwC Asia-Pacific chairman Raymund Chao said: “It is Read more …
The BTC.com wallet creates secure bitcoin addresses that start with a 3, because it’s a multi-signature wallet. You might have noticed that some bitcoin addresses start with a 1 and some start with a 3. For example, you might be able to conclude that this address is generated with a multi-signature wallet because it starts with “3” →34qkc2iac6RsyxZVfyE2S5U5WcRsbg2dpK. This address however is from a non-multi-signature wallet because it starts with “1” → 185GYRXheZckJNBHGEdt4b9GSYcXV9r7fw. You can check this yourself by opening Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The bitcoin price has been on a mid-week rollercoaster, and that volatility has rippled throughout the markets. Trading volume has surged to record levels and coins across the spectrum have taken steep dives from their all-time highs — although most weekly charts remain in positive territory. Source: CoinMarketCap At one point, combined daily volume reached $25 billion — a new all-time high — and 24-hour volume remained Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Joseph Stiglitz, Nobel Prize-winning economist, has made the claim that bitcoin ‘ought to be outlawed,’ at a time when the digital currency is experiencing record highs. In a Bloomberg Television interview, the 74-year-old American economist and professor at Colombia University, said: It seems to me it ought to be outlawed. It doesn’t serve any socially useful function. His comments come at a time when bitcoin is continuing to surpass Read more …
The legacy of the W.J. Howey Company lives on, though not in a way the owners of the Florida citrus grove would have likely envisioned. Seven decades after its legal battles with the SEC, the company has been enshrined with near legendary status in the cryptocurrency space, as the investment contract test every initial coin offering token is being judged by. “Many of us lawyers studied this Howey case when we were in law school, and we couldn’t have, in Read more …
The legacy of the W.J. Howey Company lives on, although not in a way the owners of the Florida citrus grove would likely have envisioned. Seven decades after its legal battles with the U.S. Securities and Exchange Commission (SEC), the company has been enshrined with near legendary status in the cryptocurrency space, as the investment contract test every initial coin offering token is being judged by. “Many of us lawyers studied this Howey case when we were in law school, Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. PricewaterhouseCoopers (PWC), one of the world’s largest accounting firms, has accepted its first ever bitcoin payment for its advisory services. An ever-growing embrace of cryptocurrencies and blockchain technology among its clients has seen PwC accept bitcoin as a payment in Hong Kong. According to a Wall Street Journal report, PwC in Hong Kong revealed it is working with a number of startups involved in bitcoin and the Read more …
Featured President Donald Trump’s nominee for Chair of the Federal Reserve, current Board Governor Jerome “Jay” Hayden Powell, participated in the constitutionally mandated US Senate confirmation process by way of a hearing on 28 November 2017. Bitcoin and “cryptocurrencies are something we monitor very carefully,” Mr. Powell answered in direct questioning about current and future Fed policy toward decentralized currencies. Also read: After Mugabe, Zimbabwe Pushes Bitcoin to $17,875 Federal Reserve Under Oath about Bitcoin Incredible valuations. Historic Read more …
John McAfee, founder of McAfee Associates a well-known software company has always been Bullish on Bitcoin, in fact, he has even been confrontational on the fact. In July, with a lot of fear and uncertainty surrounding Bitcoin ahead of its Aug. 1 chain split, McAfee came forward and stated boldly that he was willing to stake his name and up to $10 mln on a bet that the Bitcoin price will move above $500,000 within three years or he would Read more …