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Criminal Underworld Is Dropping Bitcoin for Another Currency – Bloomberg


Bloomberg

Criminal Underworld Is Dropping Bitcoin for Another Currency
Bloomberg
It encrypts the recipient’s address on its blockchain and generates fake addresses to obscure the real sender. It also obscures the amount of the transaction. The techniques are so potent that software that flags coins suspected of being obtained

and more »


Bloomberg

Criminal Underworld Is Dropping Bitcoin for Another Currency
Bloomberg
It encrypts the recipient's address on its blockchain and generates fake addresses to obscure the real sender. It also obscures the amount of the transaction. The techniques are so potent that software that flags coins suspected of being obtained ...

and more »

Bitcoin mania: What the big names of finance are saying – CNNMoney


CNNMoney

Bitcoin mania: What the big names of finance are saying
CNNMoney
Bitcoin’s stunning rise was one of the big stories of 2017, and it’s set to divide opinions further this year. The digital currency’s price soared more than 1,300% last year, easily outgunning the returns from many traditional financial assets like

and more »


CNNMoney

Bitcoin mania: What the big names of finance are saying
CNNMoney
Bitcoin's stunning rise was one of the big stories of 2017, and it's set to divide opinions further this year. The digital currency's price soared more than 1,300% last year, easily outgunning the returns from many traditional financial assets like ...

and more »

Bitcoin Dominance Index Hits an All-time Low as Altcoins Cement Their Legacy

The year 2017 has been very interesting for all cryptocurrencies. A lot of coins and tokens set new all-time highs. Looking at the bigger picture, the overall intent in cryptocurrency has been on the rise as well. However, there is one statistic a lot of people won’t make sense of. Even though Bitcoin is still … Continue reading Bitcoin Dominance Index Hits an All-time Low as Altcoins Cement Their Legacy

The post Bitcoin Dominance Index Hits an All-time Low as Altcoins Cement Their Legacy appeared first on NEWSBTC.

The year 2017 has been very interesting for all cryptocurrencies. A lot of coins and tokens set new all-time highs. Looking at the bigger picture, the overall intent in cryptocurrency has been on the rise as well. However, there is one statistic a lot of people won’t make sense of. Even though Bitcoin is still the world’s largest cryptocurrency, the Bitcoin Dominance Index is waning. In fact, it hit an all-time high in recent days, which is pretty interesting.

The Bitcoin Dominance Index has always been an interesting metric. Until about 15 months ago, Bitcoin would dominate all of cryptocurrency. It still causes most altcoins and tokens to rise or drop in value as well. Its overall valuation has risen sharply in 2017. For all of those gains, however, Bitcoin is also losing ground. Although its market cap is still pretty impressive, it’s not always the talk of the town. Altcoins and other tokens are mounting a very strong comeback as we speak.

Bitcoin Dominance Index Continues to Shrink

To put this into perspective, the Bitcoin Dominance Index is lower than it has ever been. That’s a good thing, as it shows people are diversifying their investments. Never put all of your eggs in one basket, as it will eventually cause financial harm. The people who bought Bitcoin at the top will not be too pleased with the way things are going right now either. Bitcoin is losing its dominance in more ways than one, that much is rather evident.

In fact, one could argue Bitcoin’s bull run may be over, for now. It is not uncommon to enter a bearish market after such spectacular gains last year. Every day, we see the Bitcoin price struggling for momentum in what appears to be a losing battle. This doesn’t mean we will see the Bitcoin price crash all of a sudden either, though. Instead, it will keep bouncing between $12,000 and $15,00 for quite some time. Or that is how it looks right now. Cryptocurrency remains a very unpredictable market, for all intents and purposes.

No one knows for sure what the year 2018 will bring. People who conduct their research know Bitcoin is not in a good place right now. Moreover, we see a lot of pump-and-dump cycles propel altcoins without working technology or products into the top 10 all of a sudden. Rest assured the overall market cap list will look very different in a year from today. The Bitcoin Dominance Index may be a lot lower by then as well. An interesting few months are ahead of us, that much is rather evident.

Header image courtesy of Shutterstock

The post Bitcoin Dominance Index Hits an All-time Low as Altcoins Cement Their Legacy appeared first on NEWSBTC.

How is bitcoin affecting the environment? – CBS News

CBS NewsHow is bitcoin affecting the environment?CBS NewsThe growth of bitcoin is fueling speculation and debate about the environmental impact of the collective energy needed to power the virtual currency in the era of climate change. Some questions a…


CBS News

How is bitcoin affecting the environment?
CBS News
The growth of bitcoin is fueling speculation and debate about the environmental impact of the collective energy needed to power the virtual currency in the era of climate change. Some questions and answers about the issue: What is bitcoin? A bitcoin ...
Q&A: How is the growth of bitcoin affecting the environment?The Seattle Times
India Falsely Condemns Bitcoin as Ponzi Scheme, Flawed... | News ...Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Is Bitcoin The Canary In The Crypto Mine: If So, Buy GoldSeeking Alpha
CoinCentral
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Bitcoin’s Path To $1 Million: Why This Bubble Is Not Bursting Anytime Soon – Seeking Alpha

Bitcoin’s Path To $1 Million: Why This Bubble Is Not Bursting Anytime Soon
Seeking Alpha
People may actually be paying for their pizzas with Bitcoin once again, but this time using extremely small portions of their Bitcoins. Lots of people have heard of Bitcoin, lots of people have an opinion on Bitcoin, but surprisingly, not that many

and more »


Bitcoin's Path To $1 Million: Why This Bubble Is Not Bursting Anytime Soon
Seeking Alpha
People may actually be paying for their pizzas with Bitcoin once again, but this time using extremely small portions of their Bitcoins. Lots of people have heard of Bitcoin, lots of people have an opinion on Bitcoin, but surprisingly, not that many ...

and more »

Bitcoin’s Path To $1 Million: Why This Bubble Is Not Bursting Any Time Soon – Seeking Alpha

Bitcoin’s Path To $1 Million: Why This Bubble Is Not Bursting Any Time Soon
Seeking Alpha
Since Bitcoin’s first commercial “pizza transaction” in 2010 the price has skyrocketed by over 500,000,000%. So, it’s natural for many people to believe that Bitcoin is a massive bubble. People may actually be paying for their pizzas with Bitcoin once

and more »


Bitcoin's Path To $1 Million: Why This Bubble Is Not Bursting Any Time Soon
Seeking Alpha
Since Bitcoin's first commercial "pizza transaction" in 2010 the price has skyrocketed by over 500,000,000%. So, it's natural for many people to believe that Bitcoin is a massive bubble. People may actually be paying for their pizzas with Bitcoin once ...

and more »

My New Year’s Resolution? Revisit Blockchain’s Fundamentals

Entering what could be another growth year, author William Mougayar invites the blockchain industry to take a step back and remember the basics.

Entering what could be another growth year, author William Mougayar invites the blockchain industry to take a step back and remember the basics.