Bitcoin Market Share Falls to Monthly Low as Ripple and Bitcoin Cash Rally

Bitcoin market dominance has fallen to a monthly low of just over 51% of the overall market capitalization while Ripple and Bitcoin Cash have both rallied multiple percentage points over the past week. Bitcoin’s overall value in the cryptocurrency market is an important barometer in the progress of the space as a whole. If Bitcoin The post Bitcoin Market Share Falls to Monthly Low as Ripple and Bitcoin Cash Rally appeared first on CCN

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Bitcoin Opinion: The Long [Achievable] Road to Adoption

It has been a pain to watch the bitcoin charts these past couple of months, but lucky enough I’ve been busy reading about the latest discussions around technology developments to take my mind out of it. Why is the market crashing? What’s bringing it down? Who’s responsible for this calamity? When will it recover? I, The post Bitcoin Opinion: The Long [Achievable] Road to Adoption appeared first on CCN

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IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System

The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk The post IMF: Rapid Growth of Bitcoin and Crypto Will Impact Global Financial System appeared first on CCN

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Buffett Trolled Again: Punter Bets Millions Bitcoin Price Will Soar Above Berkshire Stock

It’s no longer fashionable to just promise to eat your appendages if a bitcoin price prediction doesn’t come true – now the real deal is staking millions in cold, hard cash. Perhaps peeved by Warren Buffett’s constant bashing of bitcoin, an unidentified crypto bull in Australia is betting millions of dollars that the bitcoin price The post Buffett Trolled Again: Punter Bets Millions Bitcoin Price Will Soar Above Berkshire Stock appeared first on CCN

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Bithumb Hack ‘Doesn’t Really Change the Fundamentals of Bitcoin’: Charlie Lee

Charlie Lee, the founder of Litecoin, went on CNBC’s Fast Money program on Wednesday to discuss the recent hacking of South Korea’s cryptocurrency exchange Bithumb, among other developments in the crypto sphere. Speaking via telephone, the founder of the world’s fifth-largest cryptocurrency by market cap pointed out that while it is normal for cryptocurrency investors to The post Bithumb Hack ‘Doesn’t Really Change the Fundamentals of Bitcoin’: Charlie Lee appeared first on CCN

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Cryptocurrencies Operate on ‘Fraudulent’ Business Model: Hotmail Founder

Proponents of cryptocurrency often argue that this technology will have an impact on the world that is comparable to that of the internet, but one of that revolution’s most successful entrepreneurs has cast shade on that bullish prediction. Speaking with regional media outlet Arabian Business, Sabeer Bhatia — founder of now-shuttered email service Hotmail — The post Cryptocurrencies Operate on ‘Fraudulent’ Business Model: Hotmail Founder appeared first on CCN

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Cryptocurrency a ‘Modern Miracle,” Not Going Away: CFTC Commissioner

One of the top market regulators in the US said this week that cryptocurrency is a “technological revolution” that will one day be a part of every national economy. Speaking on Monday before the BFI Summit at the United Nations, Commodity Futures Trading Commission (CFTC) Commissioner Rostin Behnam discussed challenges faced by the agency as The post Cryptocurrency a ‘Modern Miracle,” Not Going Away: CFTC Commissioner appeared first on CCN

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Bitcoin Won’t Be Global Currency: Ripple CEO Brad Garlinghouse

Brad Garlinghouse of Ripple told CNBC on Tuesday that Bitcoin will not be the catch-all solution people are hoping for in terms of being a global currency. “I think it’s not going to be the panacea that people once thought it would be, where it would solve all of these different kinds of problems,” Garlinghouse The post Bitcoin Won’t Be Global Currency: Ripple CEO Brad Garlinghouse appeared first on CCN

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