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So-called alternative cryptocurrencies are making their presence felt in the first week of 2018, recording impressive gains that are drawing investors to options once considered risky. Bitcoin, the world’s largest cryptocurrency by market capitalization, rallied 1,900 percent last year. But, as prices neared the $20,000 mark in December, the relatively cheap “small cap” coins began to rise. With gains due, in part at least, to the rotation of money out of an overbought bitcoin, the broader cryptocurrency rally seems to Read more …

The US Securities and Exchange Commission (SEC) has issued its second warning in a month to those investing in cryptocurrencies. In a statement earlier today, the governmental body advised those involved in the space to “exercise caution” with Bitcoin and other digital currencies. SEC Chairman Jay Clayton, along with Commissioners Kara Stein and Michael Piwowar, said many companies hosting initial coin offerings were not doing so within compliance of federal and state securities regulations. They went on to state that Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The value of a legal dispute involving US-based fintech startups R3 and Ripple has ballooned to nearly $20 billion on the heels of a breakneck rally that has launched ripple’s market cap past $140 billion. As CCN reported last September, R3 and Ripple filed dueling lawsuits regarding a contract dispute that arose after the dissolution of their once-promising partnership, which was first announced in 2016. R3 sued Read more …

Technology Lately, there’s been a lot of discussion about a new concept called ‘Channel Factories.’ The technology ultimately makes the Lightning Network (LN) a ‘third layer’ and a ‘new layer’ rests in between the bitcoin blockchain and LN payment channels. Also read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot Channel Factories: Adding Another Layer to the Lightning Network Last November three developers Conrad Burchert, Christian Decker, and Roger Wattenhofer published a paper called “Scalable Funding Read more …

Due to the amazing growth in value, Bitcoin has forced its way into the minds of regular people all around the world, even though it has been in existence since 2009. Steady growth in value led to widespread coverage by mainstream media, with a highlight on Bitcoin price. Some governments and banks wanted nothing to do with it, while a number of stock analysts and financial institutions recognized the growth and set about establishing themselves in the expanding market. Nevertheless, Read more …

The People’s Bank of China has put to rest a rumor that it would order a domestic shutdown of bitcoin mining activities, according to a local media outlet. The report, published on Jan. 4 by the Chinese business publication Caixin, said that China’s central bank did not host any meetings to discuss a policy requiring the closure of bitcoin mining operations in the country by a certain deadline. The meeting had supposedly taken place on Jan. 3. However, Caixin’s report, Read more …

In a move that sounds similar to that taken by JPMorgan CEO Jamie Dimon, Wall Street bank Merrill Lynch has banned its financial advisors from buying Bitcoin-related investments for their clients. The decision comes as the major bank has concerns “pertaining to suitability and eligibility standards of this product,” according to an Internal memo reviewed by the Wall Street Journal. Going against the grain The decision taken by Merrill Lynch prevents roughly 17,000 advisors pitching anything to do with Bitcoin Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The People’s Daily, the official newspaper of the Chinese Communist Party and the biggest newspaper group in China, recently published a piece calling bitcoin a bubble, and comparing the cryptocurrency to the 17th-century Dutch tulip bulb bubble., just like JP Morgan’s Jamie Dimon did. The piece initially mention’s bitcoin’s growth in 2017. The cryptocurrency surged from under $1,000 to over $19,000 last year, before it plunged back Read more …

On the morning of Jan. 4, the cryptocurrency TRON (TRX) posted 136 percent growth, becoming the 9th largest cryptocurrency by market capitalization, and pushing Dash to 11th place. The altcoin has been on a bullish trend since mid-December, growing well over 2,000 percent since then. In the first week of 2018 alone, the coin has seen almost 300 percent growth. TRON hit $0.20 earlier today, and is currently trading at an average of $0.17, with a market cap of $12.4 Read more …

If 2017 has taught us anything, it’s that the price of a commodity has a massive influence on how the world values it. As Bitcoin entered a phenomenal bull run in November, it was almost impossible not to get caught up in the hype of the ever-growing value of the cryptocurrency. The price continued to rise, breaking barrier after barrier with no consideration of naysayers or well-wishers. But as history will forever tell us, a $20,000 high was the tipping Read more …

The total market cap of the cryptocurrency market reached a new milestone, crossing the $700 bln mark. However, the driving force that is Bitcoin has slumped to all-time lows in terms of its market dominance. For so long Bitcoin has held more than just the lion’s share of the crypto market dominance, but currently, while many will be calling it altcoin season with Bitcoin’s dominance down to 34 percent, it may be that Bitcoin has made itself less important. At Read more …