Year: 2018

  For much of its history, bitcoin had been synonymous with the cryptocurrency market. But 2017 signaled a profound shift in market dynamics, with bitcoin accounting for a smaller share of the pie. This trend could intensify in 2018 as investors discover new use cases for the many altcoins hitting the market. Bitcoin’s Declining Market Share On Jan. 1, bitcoin accounted for nearly 88% of the cryptocurrency market’s total capitalization, according to CoinMarketCap. Twelve months later, that share has fallen Read more …

Markets and Prices Despite being one of the most amazing periods of sustained gains for bitcoin, 2017 ends with the first cryptocurrency losing market share to altcoins. After falling as low as 37.9% in the last two days of 2017, the market dominance of bitcoin now stands at just 38.2% as of this writing on the first day of 2018. Also Read: First Real Bitcoin Lightning Network Payment Completed via Bitrefill BTC Dominance Is Declining Bitcoin’s current Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The dominance index of bitcoin, which measures the dominance of bitcoin over the global cryptocurrency market, has fallen to an all-time low at 37.7 percent, as altcoins surged in value. Bitcoin’s Dominance Index Lowers Throughout 2017, the dominance index of bitcoin has dropped from 90 percent to 37.7 percent, primarily due to the rising popularity and adoption of alternative cryptocurrencies. Some currencies like Ethereum, Ripple, and Litecoin Read more …

This is an entry in CoinDesk’s Most Influential in Blockchain 2017 series. The creator of the world’s sixth-largest cryptocurrency believes it’s a bit of a draw. While litecoin outperformed in the markets, Lee says not to write off bitcoin’s technical improvements. In this exclusive CoinDesk interview, Lee talks about ICOs, his philosophy toward blockchain technology and how we sees the blockchain industry will look in 2030. Read our feature article or hear Lee in his own words below: Video by Ali Powell Read more …

The first Blockchain system-Bitcoin-saw astronomical returns of over 1,300 percent in 2017. As we progressed through 2017, Blockchain technologies became hard to ignore and more of the corporate world took an interest in Blockchain technologies. In 2017, the NYSE filed for two Bitcoin ETFs with the SEC, the CBOE became the first institutional investor to launch a Bitcoin futures market and CME group followed suit a week later doing the same. But it is not only large exchanges interested in getting some Read more …

Featured The Bank of England might have “its own Bitcoin-style digital currency” by next year, according to the country’s legacy media. The more than three hundred year old bank set up a research unit back in 2015 to investigate linking a state-backed crypto to sterling, and there appears to be a breakthrough. Also read: EU Central Banker: No Plans to Issue State-Backed Cryptocurrency Bank of England Might Go Crypto in 2018 Venezuela has its Petro. Russia is Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency markets rang in the new year on a high note, with the majority of coins and tokens in the top 100 posting moderate gains against the US dollar. The bitcoin price, though still far from its all-time high, rose above $13,550. Ethereum, meanwhile, took the first step toward reclaiming the second spot in the rankings from ripple, which was one of the few cryptocurrencies to Read more …

This is an entry in CoinDesk’s Most Influential in Blockchain 2017 series. He might never spend a summer in D.C. again, but he made this one count. In an exclusive video interview, CoinDesk recaps the July day when an anonymous bitcoiner scratched his manifesto on a legal pad, stuck his finger in the eye of the powers that be and went from man to meme. Why was he there? What were his motives? Hear from CoinDesk’s Most Influential person in his own Read more …

Recently the Indian finance ministry criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value. The Indian finance ministry stated: “There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money. Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes.” Flawed Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Billionaire businessman Tilman Fertitta, founder and CEO of Landry’s, recently shared his thoughts on bitcoin while on CNBC’s “Power Lunch.” The billionaire sees similarities between the rise of cryptocurrencies and the dot-com bubble, but notes bitcoin is real and is here to stay. Fertitta, who’s also the star of reality show “Billion Dollar Buyer,” compared the cryptocurrency ecosystem’s rise to the dot-com bubble, stating that cryptocurrencies are Read more …