2336 cryptocurrencies
Total Market Cap $7,311,462,836,539,643
Total Volume 24h $367,349,221

Bitcoin Bitcoin star

83.67 (2.31%)

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Although other cryptocurrencies have come before, Bitcoin is the first decentralized cryptocurrency - Its reputation has spawned copies and evolution in the space.

With the largest variety of markets and the biggest value - having reached a peak of 18 billion USD - Bitcoin is here to stay. As with any new invention, there can be improvements or flaws in the initial model however the community and a team of dedicated developers are pushing to overcome any obstacle they come across. It is also the most traded cryptocurrency and one of the main entry points for all the other cryptocurrencies. The price is as unstable as always and it can go up or down by 10%-20% in a single day.

Bitcoin is an SHA-256 POW coin with 21,000,000 total minable coins. The block time is 10 minutes. See below for a full range of Bitcoin markets where you can trade US Dollars for Bitcoin, crypto to Bitcoin and many other fiat currencies too.

Learn about the history of Bitcoin here and check out 50 crazy-fun facts about Bitcoin here!


Wall Street Breakfast: What Moved Markets This Week

Jul 21st, 2018

Investor concerns over a new round of tariffs were counterbalanced at the end of the week by some strong earnings reports from Microsoft, Honeywell and Capital One. Stocks were flat for the week, as the Dow ended +0.2% but the S&P and Nasdaq finished virtually unchanged. The 10-year yield ended the week at 2.90% and the two-year yield finished up at 2.60%. Some analysts saw the increased 2-10 spread as a sign that investors believe President Trump's criticism of the Fed could slow down the pace of rate hikes. Economy Monday: President Trump sat down with Russian counterpart Vladimir Putin in Helsinki. Crimea, Syria and election meddling were likely on the summit's agenda, but no aide or official from the U.S. delegation were present during the meeting's initial stages. A controversial press conference ensued, coming on the tails of a tense NATO summit during which Trump lambasted allies for not meeting their defense spending commitments. Tuesday: The spotlight fell on Jerome Powell as he delivered his semi-annual monetary policy testimony on Capitol Hill. The Fed Chair stuck to an upbeat assessment on the U.S. economy while downplaying the impact of global trade risks on upcoming rate rises. The bullish outlook buoyed the dollar and put a squeeze on gold, which fell to $1,222/ounce - its lowest level in a year. Wednesday: Less than 24 hours after accepting four hostile amendments to her customs bill, Theresa May maintained her fragile grip over the Brexit process. She narrowly survived an attempt by pro-European Conservative MPs to keep Britain in the EU customs union, meaning the U.K. will develop its own trade policy after Brexit. Declaring themselves the "flag bearers of free trade," Japan and the EU also signed the world's largest bilateral trade pact covering about a third of global GDP. Thursday: Plunging drilling costs have sparked an explosion of production in Texas, and is making the state a global oil superpower. According to HSBC, The Permian Basin and Eagle Ford oilfields are expected to produce 5.6M barrels per day by 2019, topping the 4.8M bpd output of Iraq and 3M bpd of Iran. That would make Texas the world's No. 3 oil producer, behind only Russia and Saudi Arabia. Friday: President Trump is willing to up the ante in the trade war with Beijing and could slap tariffs on every Chinese good imported to the U.S. "I'm ready to go to 500," he told CNBC, referencing the $505.5B of American imports from China in 2017, compared to the $129.9B the U.S. exported to the country last year. Meanwhile, the Chinese yuan slid overnight to its lowest in more than a year, stoking worries Beijing's currency management could be the next flash point in a trade dispute with the U.S. Stocks Monday: The week started with the most important aviation trade show of the year, attracting about 100,000 trade visitors from 100 countries. Alternating every year with the Paris Air Show in France, the Farnborough International Air Show runs until July 22. In 2016, the last time Farnborough played host, more than $124B in sales and commitments were placed at the exhibition. Tuesday: Crypto bounce... Bitcoin (BTC-USD) traded above $7,500 for the first time in a month, while rivals including Ripple (XRP-USD), Ether (ETH-USD) and Litecoin (LTC-USD) also advanced. Despite shrugging off some security and regulatory concerns that have plagued digital currencies for much of this year, Bitcoin still remains more than 60% below its all-time high from last December. Wednesday: Amazon reached a $900B market value for the first time, nipping at Apple's (NASDAQ:AAPL) heels as Wall Street's most valuable. The news comes after the company announced it sold more than $100M in products during its annual Prime Day sale. Shares are up over 57% so far this year, bringing Amazon's (NASDAQ:AMZN) increase to over 123,000% since it listed on the Nasdaq in 1997. Thursday: Comcast has surrendered to Disney (NYSE:DIS) in a bidding war over Fox's (NASDAQ:FOX) film and cable assets, but managed to push up its rival's acquisition expenses by nearly $20B, a play that could constrain Disney's ammunition in future dealmaking. Comcast (NASDAQ:CMCSA) will now try to clinch a £26B acquisition of Sky (OTCQX:SKYAY) - in which Fox already owns a 39% stake - as the media industry undergoes a massive reshaping. Friday: Adding to similar moves by Pfizer (NYSE:PFE) and Novartis (NYSE:NVS), Merck (NYSE:MRK) is the latest drugmaker to nod to public pressure on rising costs. It cut the price of hepatitis C treatment Zepatier by 60%, and a number of other medicines by 10%. The price change also included a commitment not to increase the average net price across Merck's product portfolio by more than the inflation rate, but that pledge still leaves room for higher increases on individual drugs.

Bitcoin (BTC) To Be Worth $100 Million Per Coin By 2030?

Jul 9th, 2018

Bitcoin (BTC) is on its way to world dominion, and any currency that stands in its way will experience demonetization or Hyperbitcoinization. Those are the sentiments held by leading cryptocurrency philosopher, Daniel Krawisz, who believes the cryptocurrency will be worth $100,000,000 by 2030. Bitcoin Domination or Hyperbitcoinization Hyperbitcoinization is a state in which bitcoin is expected to become the world's dominant form of money. The fact that the digital currency is socially wired should work to its advantage when it comes to exponential adoption. Cryptocurrencies enthusiasts expect bitcoin to displace legacy currencies and become the only method of value exchange. With Hyperbitcoinization, Bitcoin should change people's relationship with money. The fact that people will own their money and be in total control of its value is seen as one of the attributes that will make most people shun fiat currencies. Central Bank machinations should end as more people join the cryptocurrency bandwagon. Krawisz expects bitcoin to reframe citizen's roles in a borderless, global economy. The virtual currency should become the world's first universal currency in part because of voluntary social drivers and its inherent social drivers. According to Mr. Krawisz, no currency has what it takes to stand in the way of Bitcoin world dominion given the expected mass adoption. Any currency that tries to stand in the way should lose value as bitcoin supplants it. The cost of rejecting Bitcoin should exceed the cost of adopting it as more people start to use the cryptocurrency. The digital currency is expected to begin assuming money's traditional roles helped by widespread adoption and acceptance. Institutional and government support should go a long way in accelerating adoption of the cryptocurrency in the mainstream sector, a feat expected to strengthen its value. Something like 20% of Bitcoin total supply will be missing or lost in the future, which means there will only be about 16.8 million coins in circulation. Dividing the global value of money 1.8Q with the total 16.8 million coins, incomes $107,142,857 which when rounded brings about the expected bitcoin value of $100 million. 10 Places Where You Can Buy Bitcoin, Online, and OfflineHow Can Bitcoin Bes Use as a Crime Weapon? And How Can this Be Solved?Regulatory Pressure Amidst the bullish sentiments, Bitcoin still faces an uphill task to replace legacy currencies. The cryptocurrency has experienced a string of micro-bubbles ever since it touched record highs of $20,000. With the price now hovering at the $6,000 level, many people remain skeptical of its ability to find its way back to its record highs let alone the 2030 estimate of $100 Million. Its current price is 0.01% of its expected future value. Regulatory pressure poses the biggest threat to bitcoin becoming a mainstream currency. A number of countries have already banned the virtual currencies even as other pass stringent regulations designed to limit its use as a legal tender. However, that has not stopped people from coming up with ways to bypass the regulations all in the effort of using the virtual currency. Unlike in the past, Bitcoin is no longer considered a fad, but a cryptocurrency with the potential to stick around much longer. It remains to be seen if it will ever replace fiat currencies. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Mid-Session Technical Analysis for July 9, 2018 Weaker US Greenback Prompts Precious Metals on Bull Momentum E-mini S&P 500 Index (ES) Futures Technical Analysis - July 9, 2018 Forecast Gold Price Futures (GC) Technical Analysis - July 9, 2018 Forecast Bitcoin Cash, Litecoin and Ripple Daily Analysis - 09/07/18 Bitcoin Struggles Ahead of the G20's Planned Rules and Regs

Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

Jul 21st, 2018

Crypto markets seeing mostly green, with altcoins regaining strength and Bitcoin holding solidly above $7,400. Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week's upswing. The top ten altcoins are solidly regaining strength today, up as much 8 percent, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday's levels. Market visualization from Coin360 The top cryptocurrency is currently trading at $7,426 at press time, up just under 1 percent on the day. Bitcoin saw an intraday low of $7,246. Low point in Bitcoin's 24-hours chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) has seen more significant growth over the past 24 hours, up almost 5 percent and trading at $466 at press time. The altcoin is holding weekly gains of almost 8 percent, peaking at over $500 on July 18. Ethereum weekly price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization of all cryptocurrencies is hovering around $282-283 bln, currently at $282.7, up about 2 percent over the past 24 hours to press time. Total market cap is down from this week's peak of almost $300 bln. Total market capitalization chart. Source: CoinMarketCap Among the top ten cryptocurrencies on CoinMarketCap, Stellar (XLM) and IOTA (MIOTA) are up the most on the day, seeing over 7 and almost 5 percent growth respectively. Other than stablecoin Tether, Cardano (ADA) is seeing the least 24-hour growth of the top ten coins, up only 1.53 percent. Cardona is however seeing major growth on the week, boasting a whopping 23 percent price increase. Yesterday, July 20, the Chicago Mercantile Exchange (CME) reported that BTC futures daily average volume has increased by 93 percent in Q2 over Q1. The number of open contracts on Bitcoin futures also increased by 58 percent. This week's crypto market growth got further encouragement yesterday, July 20, when the CEO of crypto trading platform BitMEX suggested Bitcoin's current bull run may give way to a price point of $5,000 before heading to $50,000 in 2018.

Five Crypto Trailblazers Make Fortune's '40 Under 40' List

Jul 20th, 2018

Five major crypto innovators have clinched four spots on Fortune's "40 Under 40" annual rankings for the most powerful young disruptors in global business, released for 2018 on July 19. The first incarnation of Fortune's under 40 list ran from 1999-2003 and ranked the new titans of the dot-com boom purely based on their wealth. Post-2008 financial crash, the list has been reinvented to take the pulse of figures' wider achievements, power, and influence on the global stage. This year, Ethereum (ETH) co-founder Vitalik Buterin, 24, has sealed a spot on the list for the third year running, ranked 22nd and hailed as a "skinny visionary," whose "experiment" has become the second-most valuable crypto invention after Bitcoin (BTC). The characterization builds on something of a trend, with Buterin last year styled as a "twiggy, Russia-born software developer" as he ranked 10th, and his 2016 list debut at 31st place painting a precocious portrait of his childhood love for Microsoft Excel. This year, Fortune draws attention to the "lucky break" represented by the Security and Exchange Commission's (SEC) recent decision not to regulate ether as a security, and also notes that Buterin has recently allegedly declined to work for tech giant Google and remain native to the crypto sphere. Brian Armstrong, 34, the CEO of major U.S. crypto exchange and wallet service Coinbase, has made the list for the second time, ranked 20th. Last year, he scored 10th place after Coinbase was valued at $1.6 billion in fall 2017, becoming the first so-called "unicorn" of the blockchain industry. This year, Fortune nods towards the "tantalizing financial licenses" that could unleash Coinbase's influence yet further. Russian developer Pavel Durov, 33, has been ranked 25th, appearing on the list for the first time. Durov founded popular social networking site VKontakte, as well as the the encrypted chat app Telegram, which has drawn 200 million users. This March, Telegram concluded two $850 million Initial Coin Offerings (ICO) to launch a native token, bringing its total ICO earnings to $1.7 billion. In 24th place are Vlad Tenev, 31, and Baiji Bhatt, 33, "Stanford math whizzes" and co-CEOs of the brokerage app Robinhood, which has has been offering a zero-fee crypto trading platform in selected U.S. states since February. The project, which recently raised $363 million in funding to expand crypto trading support U.S.-wide, has a $5.6 billion valuation that catapulted it to becoming the second most valuable American fintech startup. Fortune's crypto industry representatives have thus more than doubled their presence over the last year.

HTC Exodus Phone to Support Crypto Wallet, CryptoKitties, Instead of Native Blockchain

Jul 11th, 2018

HTC will be releasing a smartphone with a crypto wallet and CryptoKitties instead of the previously announced fully "native blockchain phone." Electronics giant HTC will not be releasing a smartphone with a native blockchain network for crypto trading between users as previously announced, The Verge reported July 10. Instead, the company will introduce a smartphone containing a cryptocurrency wallet and CryptoKitties, the Ethereum-based decentralized application (DApp) game. On May 15, the Taiwan-based electronics firm had first unveiled its blockchain smartphone project, the HTC Exodus, that would reportedly include support for both the Bitcoin (BTC) and Ethereum (ETH) networks. The Verge wrote in May that the company planned on creating a product with "a native blockchain network that uses Exodus phones as nodes that support cryptocurrency trading between users." Phil Chen, the creator of HTC Vive and HTC's head of business and corporate development, said at the time that he envisioned a product that would allow customers to "truly own their data [...] without the need for central authorities," Cointelegraph reported. However, speaking to The Verge this week, Chen said that a phone that allowed users to own their identity is still in the future, and the Exodus -- set to be released in 2018 -- will include just a native crypto wallet and CryptoKitties. Chen also mentioned that HTC is planning to incorporate crypto mining on mobile, noting that they are already exploring opportunities by checking out different consensus protocols and may issue a white paper on the project later on this year. The Verge notes HTC's shipping numbers are down in 2018: having shipped more than 2 million products in the first quarter of 2017, the company shipped just 630,000 devices in the first quarter of this year. Last week, the company revealed that sales in June have dropped by 68 percent, while their latest product U12 Plus has received mainly negative reviews. In early July, the company also fired 1,500 employees in Taiwan to cut its costs. Also this week, Swiss-based Sirin Labs told Cointelegraph that the company plans to release its own blockchain-powered smartphone, the Finney, in November this year. In December 2017, Sirin Labs raised $157.8 million for the project during their Initial Coin Offering (ICO), with $110 million collected in just first 24 hours. The Verge notes that while the cost of the HTC Exodus is expected to be announced by the end of Q3, Chen noted that its price would be "comparable" with the Finney, which has an expected price of $1,000. In March, Chinese tech giant Huawei was reported to be seeking a license for the SIRIN OS technology, developed by Sirin Labs, in order to release their own phone featuring blockchain-based DApps.

TenX Co-Founder Still 'Quite Confident' Bitcoin Can Hit $60,000 This Year

Jul 11th, 2018

Julian Hosp, co-founder and president of crypto startup TenX, says he's still "quite confident" that Bitcoin can hit $60,000 in 2018. Julian Hosp, co-founder and president of crypto startup TenX, says he's still "quite confident" that Bitcoin (BTC) can hit $60,000 in 2018, CNBC reports Wednesday, July 11. During an interview at the Rise conference in Hong Kong, Hosp told Squawk Box co-host Akiko Fujita that he still stands by the initial 2018 forecast he made in December for the leading cryptocurrency: "Back then, December, price was at a $20,000 all-time high. I predicted for 2018, we're going to see $5,000 and $60,000. So $5,000, we've pretty much hit it, so let's see if we can do the $60,000. I'm still quite confident." Bitcoin has not yet plummeted as low as $5,000 this year -- a price point that would bring it back to its valuation in September 2017. However, the cryptocurrency's recent downtrend is showing bearish signs, having dipped to around $5,880 in late June: Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Hosp believes the $60,000 mark could be a reality this year assuming there is a "massive positive event" -- for example, a Bitcoin exchange traded fund (ETF), or a country announcing something that is "very, very positive for Bitcoin." If this fails to happen, he conceded, the major upswing could take "a bit longer." Weighing in on recent regulatory crackdowns that may be having a negative impact on the crypto markets -- with Fujita mentioning Japan as a prime example -- Hosp said he thought that the "perfect path" for crypto-specific regulation would be clarity over what is allowed, rather than "what is forbidden." In his aforementioned forecast for 2018, Hosp had said that a rollercoaster of price highs and lows will remain native to crypto until the space sifts through the superfluous projects and rallies behind those that offer tangible uses and real value. Last week, Fundstrat's Tom Lee also defended his previous prediction that Bitcoin would hit $25,000 by the end of this year, clarifying that a more recent prediction of $22,000 is not a refutation of his other forecast. Bitcoin is trading at $6,383 to press time, down less than half a percent on the day, bringing its weekly losses to just under 5 percent.

Bitcoin Breaks $8,000 as Selected Alts See Slight Recovery

Jul 24th, 2018

July 24: Bitcoin (BTC) broke through the $8,000 price point this morning, as the top cryptocurrency continues to outperform most other crypto assets, according to data from Coin360. In the days following the strong upswing that kicked off across the crypto market on July 16 and accelerated further on July 17, Bitcoin has sustained positive momentum while other alts slid into negative territory. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,009 to press time, up 3.9 percent on the day. The leading asset gained over $200 dollars within the space of an hour and a half this morning to hit $7991, and then broke the $8,000 resistance level, peaking at a 24-hour high of $8,031. Bitcoin's weekly and monthly gains are now at around 3.8 and 34 percent respectively, according to data from CoinMarketCap. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Yesterday, BTC dominance by market capitalization in the crypto market reached its highest level yet in 2018, passing 46 percent, a threshold last seen December 20, 2017, when the coin was trading close to its industry highs of $20,000. Today, dominance has inched up yet further to 46.8 percent by press time. Percentage of total market cap (dominance) from CoinMarketCap Ethereum (ETH) is trading around $468 at press time, up 1.2 percent on the day. Having peaked at $510 on July 18, the asset's subsequent decline saw it dip to $444 by July 20. Today, the altcoin has seen modest growth, reaching a 24-hour high of $472. Ethereum has lost just under 1 percent on the week, but is now up 4.77 percent on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are seeing mixed red and green, with some alts seeing solid growth of above 4 percent. Litecoin (LTC) is up over 3.5 percent on the day, trading at around $87, according to CoinMarketCap. Bitcoin Cash (BCH) is also up over 4.5 percent and is trading at $851 to press time. Meanwhile, EOS, IOTA (MIOTA), and Cardano (ADA) are all down, seeing losses of within a 1-2 percent range on the day by press time. Of the top 20 ranked coins on CoinMarketCap, anonymity-oriented altcoin Monero (XMR) is the strongest performer. Monero is up almost 4 percent and is trading around $140 at press time. Breaking $148 July 18, the coin saw a subsequent decline to $127 on July 21, and traded sideways until yesterday's uptick, which continues today. Monero 7-day chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $294 billion at press time, inching closer to its intra-weekly high of around $300 billion. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap While the market is seeing a more mixed picture today, Bitcoin's recent divergence from other crypto assets has prompted CNBC trading advisor Ran NeuNer to venture that we may be on the cusp of a bull market. The analyst attributes the top coin's strong performance to news earlier this month that the $6.3 trillion asset manager and ETF-giant BlackRock is beginning to assess potential involvement in Bitcoin. As per NeuNer's scenario: "-BTC goes up in anticipation of ETF at the expense of Alts. - Investors start to pay more attention to BTC as it is getting returns. - New money flows in again including institutional funds. - BTC runs , investors exit and invest in Alts. - Bull market again..." While many hold the view that crypto-based ETFs would be a "holy grail" for the crypto industry, news that BlackRock may also be eyeing an entry into Bitcoin futures trading could prove more divisive, given suggestions from figures including Fundstrat's Tom Lee that Bitcoin's "gut wrenching" price weakness this spring was tied to futures contract expirations. In May, the Federal Reserve Bank of San Francisco had similarly alleged that Bitcoin's price decline was the result of the introduction of futures trading on CBOE, and then CME, in Dec. 2017. This week, CME revealed that the average daily volume of Bitcoin futures on its platform increased by 93 percent in Q2 over Q1 in 2018, also indicating that the number of open contracts had exceeded 2,400 -- a 58 percent increase over Q1.

Bitcoin Breaks $7,500 Point After a Week of Solid Growth, BTC Dominance Goes Up

Jul 22nd, 2018

Crypto markets have seen some fluctuation with a mix of red and green, no coins up or down by more than around one percent. Crypto markets are experiencing a mix of green and red today, July 22, with some of top 20 altcoins by market cap seeing a slight dip of around 1 percent over the past 24 hours, while Bitcoin (BTC) has reclaimed the $7,500 price point, according to Coinmarketcap. Following a week of solid upswing, none of the top 20 coins by market cap are up or down by more than about 1 percent, showing relatively static growth. Market visualization from Coin360 Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at press time. The major cryptocurrency is up almost 18 percent this week, having traded roughly $1,000 less on Monday morning, July 16. The coin is also holding its monthly gains of around 21 percent. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index In contrast, Ethereum (ETH) is seeing a slight decline today, down about half a percent over the past 24 hours to press time. The top altcoin is seeing just 3 percent gains this week, trading at around $463. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization is slowly building momentum, up around 1 percent from yesterday's figures and currently valued at around $285 billion. Total market capitalization chart. Source: Coinmarketcap While total market cap is down from the intraweek high of almost $300 billion, Bitcoin's dominance over altcoins is growing firmly this week, up 3 percent and currently amounting to 45 percent. Percentage of Total Market Cap (Dominance). Source: Coinmarketcap This week has seen potential institutional movement into the crypto space, as investment giant BlackRock's announced they were considering the launch of Bitcoin futures. On Friday, July 20, the Chicago Mercantile Exchange (CME) reported that Bitcoin futures' daily average volume has grown by 93 percent in the second quarter over Q1, with the number of open contracts on Bitcoin futures also having increased by 58 percent. Also on July 20, BitMEX exchange CEO Arthur Hayes suggested that the current bull trend has the potential to give way to a BTC price point of $5,000 before skyrocketing to $50,000 in 2018.

UBS: Bitcoin Must Hit $213,000 to Replace US Money Supply

Aug 3rd, 2018

Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly $213,000 to replace U.S. money supply, Bloomberg reported August 2. According to Bloomberg, a new report by UBS suggests that BTC cannot currently be considered money or a viable asset as its versatility is stymied by the capacity constraints of the BTC network. The report says: "Our findings suggest that Bitcoin, in its current form, is too unstable and limited to become a viable means of payment for global transactions or a mainstream asset class." The report states that while digital currencies can potentially become an alternative asset class, their prices are likely to remain volatile. The volume of BTC used in commerce declined significantly during the last year since its peak of $411 million in September 2017, per a recent survey by market research firm Chainalysis. Regarding price volatility in crypto markets, senior economist at Chainalysis Kim Grauer said, "When the price [was] going up so rapidly last year, in one day you could lose $1,000 if you spent it." A senior researcher at the International Computer Science Institute, Nicholas Weaver, told Bloomberg that digital currency is "not actually usable" as a form of payment, citing high transaction fees as the main reason. While the UBS report states that the BTC network's processing efficacy must significantly improve in order to be an effective form of payment, some BTC evangelists believe that the leading digital currency will become the world's single payment method. In March, the CEO of both Twitter and payment service Square, Jack Dorsey, said that he sees BTC as the world's single future currency, the emergence of which will take "probably over ten years, but it could go faster." In response to many Wall Street investors' concerns that cryptocurrencies are a bubble, Bill Miller, multi-millionaire investor and founder of hedge fund Miller Value Partners, said in March that "bubbles are necessary to bring capital into the market to see if these innovations are actually going to stand," and compared BTC with major inventions throughout the history.

Payment Service CoinGate Launches Bitcoin Lightning Network Pilot for 100 Merchants

Jul 10th, 2018

CoinGate, a payment gateway, will allow 100 merchants to trial a Bitcoin Lightning Network version of their service. Cryptocurrency payment gateway CoinGate is launching a pilot program for 100 merchants to test transactions on a Bitcoin Lightning Network (LN) variant of their service, according to news shared with Cointelegraph today, July 10 According to CoinGate's blog post, the merchants taking part in the LN trial include esports betting websites, online stores with crypto merchandise, servers and hosting services, and adult entertainment websites. The post notes that Lightning Network payments "will be" available starting on July 1. The Lightning Network is a second layer solution to the problems with scalability for the Bitcoin (BTC) network that works by keeping the majority of transactions off-chain. Rytis Bieliauskas, the CTO of CoinGate, told Cointelegraph that their pilot program "allows [them] to be the first ones to test the Lightning Network in real life, and therefore to gather valuable experience on how this technology works, how it can be improved, etc." Referring to the Lightning Network as "one of the most awaited developments for the community," Bieliauskas also noted although they see Lightning Network technology as "ultimately help[ing] Bitcoin become much quicker and lighter:" "LN technology is even newer, less user friendly, so it will take 1-2 years for consumer applications to develop and probably more for merchants to start adopting this more actively." Bieliauskas noted that CoinGate will also cover any costs incurred if funds are lost in the LN trial, as Lightning Network technology is still in the early stages. A study released at the end of June alleging that the Lightning Network had a low reliability of successfully routing a payment was refuted by the co-founder of Lightning Labs, as well as other crypto experts. Also in June, Pokémon came to the Lightning Network in the form of Poketoshi, a game using a LN-enabled virtual controller that charges users 10 Satoshi per command, with one Satoshi equal to one hundred millionth of a single bitcoin.

Bitcoin Reclaims $6,600, Altcoins Gain up to 9% Today as ETF Giant BlackRock Eyes Crypto

Jul 16th, 2018

Bitcoin has reclaimed the $6,600 price point, amid a major market rally bolstered by news that the $6.3 trln asset management behemoth BlackRock is eyeing crypto. Crypto markets are on an upswing today, July 16, as data from Coin360 shows, with Bitcoin (BTC) reclaiming the $6,600 price point. Today's notable market growth is likely bolstered by news that the $6.3 trillion asset management heavyweight BlackRock -- the world's largest provider of exchange traded-funds (ETF) -- is beginning to assess potential involvement in Bitcoin, according to reports from Financial News. Market visualization from Coin360 Today's solid market gains are poised to turn around negative momentum that has thwarted price performance since market descent that began July 10. Yesterday saw the first signs of a budding positive trend, and as of today, virtually all of the top 100 coins by market cap are seeing significant growth on the day to press time. Bitcoin is trading around $6,607, up a little over 4 percent over the 24-hour period to press time. The top cryptocurrency gained over $200 in the space of a few hours this morning, hitting a peak of $6,635 before falling slightly to its current position. Bitcoin is still down around one and a half percent on the week, yet to top its outstanding rally July 8 when the coin hit almost $6,800. Bitcoin price chart July 16. Source: Cointelegraph Bitcoin Price Index Leading altcoin Ethereum (ETH) is trading around $474 to press time, up over 6 percent over the past 24 hours to press time. The coin's strong ascent has not yet brought its mid-term price performance back into net positive territory, with its weekly and monthly losses still at 1.25 and 4.8 percent respectively. Following Bitcoin's spike, Ethereum also saw a sharp upward turn earlier today, growing about 4.6 percent in two and a half hours to peak at $475, before proceeding to trade sideways to press time, holding today's gains so far. Ethereum price chart July 16. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top 10 coins by market cap -- excluding stablecoin Tether (USDT) -- have seen impressive gains of between 4 and 9 percent over the past 24 hours to press time. Of the top 100 ranked crypto assets, just five are in the red, including Tether. EOS is the strongest performer of the top ten cryptocurrencies over the 24-hour period, up a hefty 8.55 percent and trading at $7.75 to press time. EOS 24-hour performance. Source: CoinMarketCap Other sweeping gains have been claimed by Stellar (XLM), Cardano (ADA) and IOTA (MIOTA) -- all of which have seen positive growth of 7-8 percent over the 24-hour period, according to CoinMarketCap. Total market capitalization of all cryptocurrencies is now at around $266.9 billion to press time, gaining over $12 billion on the day. The markets are nonetheless just shy of their intra-weekly high of $274.7 billion in the early hours of July 10. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap Today's significant news from BlackRock is likely to invigorate the narrative that institutional investors have been biding their time to enter the cryptocurrency markets at an opportune moment. Over the weekend, CNBC trading advisor Ran Neuner went so far as to venture that once the institutional behemoths are in, 2017's bull run for crypto would come to "look like a warm-up." Ran Neuer has today added today that the indications that BlackRock could now enter the crypto space potentially heralds an "exciting" and transformational moment for the markets -- a position that echoes the long-held view that crypto-based ETFs would be a 'holy grail' for the crypto industry. In its own bid to provide infrastructure to facilitate institutional entry, major U.S. crypto wallet provider and exchange service Coinbase has said that it expects that such moves -- rapidly being mirrored across the crypto space -- will "unlock" the "$10 billion" of institutional capital that has until now been "sitting on the sideline."

S. Korea's Top Telephone Company Reveals Its Own Blockchain Network

Jul 24th, 2018

South Korean KT Corporation has built a blockchain layer on top of its existing network to make it more secure and transparent, local media report. State-owned KT Corporation, South Korea's largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it "more secure and transparent," according to an article by The Korea Herald published Tuesday, July 24. The news outlet reports the head of KT Blockchain Center Seo Young-il as saying that blockchain tech can be used in telecommunications for secure and efficient data management. Seo added: "The whole point of applying blockchain to networks is to address security and transaction issues by making the current networks more secure and trusted." With its new network, KT plans to allow its individual and corporate clients to store and transfer their digital data with "less hacking risks," The Korea Herald further reports. The network has a claimed capacity of 2,500 transactions per second (TPS), compared to Bitcoin's (BTC) 3 TPS and Ethereum's (ETH) 15 TPS. KT Corp. also has plans to offer blockchain-based roaming services with international mobile carriers, such as NTT Docomo, the top provider in Japan. According to The Korea Herald, the use of blockchain will allow the company to calculate roaming bills in real time and improve the speed of internet connection for customers. Cointelegraph reported on July 6 that KT Corporation has joined the Carrier Blockchain Study Group (CBSG), a global blockchain consortium of telecom companies whose goal is to create a cross-carrier blockchain ecosystem with such capabilities as "[cell phone] top-up, roaming wallet, secured clearing and settlement, personal authentication [and] IoT applications." The blockchain market in Korea is expected to grow 20 times over in four years - from $44 million in 2018 to about $887 million in 2022 - The Korea Herald reports, citing the country's Ministry of Science and information and communications technology (ICT).

Bitcoin's Portion of Total Crypto Market Cap Hits Highest Level Since December

Jul 23rd, 2018

Traders are rejoicing as Bitcoin regains its biggest share of the cryptocurrency market since last year. Bitcoin's (BTC) dominance by market capitalization in the total crypto market posted its highest level in 2018 July 23, passing 46 percent for the first time. According to data from CoinMarketCap, Bitcoin dominance -- defined as the percentage of the total market cap of all cryptocurrencies that is Bitcoin's market cap -- currently constitutes 46.5 percent, a level last seen on December 22, 2017. At the time, Bitcoin was trading just below all-time highs around $20,000 per coin. Percentage of total market cap (dominance) from CoinMarketCap The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15 percent over the last five days. At the same time, altcoin assets have struggled to achieve similar gains, posting losses against Bitcoin. Despite market cap becoming a dubious metric for testing Bitcoin's underlying health, the 2018 record did not escape media attention, while various industry players also appeared enthusiastic about Monday's performance. Market analysts have continued to be less positive, however, with crypto commentator WhalePanda continuing a narrative that dominance represents a meaningful statistic in crypto markets. "Stop using [Bitcoin] dominance as an indicator," he wrote on Twitter July 20. "As soon as people started with premines/ tokens and (BTC) airdrops it became irrelevant." At press time, BTC/USD was trading at $7,734 according to Cointelegraph's price index, up 3 percent on the day and completing weekly gains of just under 16 percent.

Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

Jul 25th, 2018

July 25: Bitcoin (BTC) is holding its newly won gains, having led the week's impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours -- a price point it has not seen since mid-May -- subsequently retracing to its current level. Bitcoin's weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph's price index. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index BTC dominance by market capitalization continues to inch upwards, now at 47.2 percent according to CoinMarketCap, after posting its 2018 record-high earlier this week. Reddit co-founder Alexis Ohanian -- whose VC firm Initialized Capital was one of U.S. crypto exchange Coinbase's first investors -- said in a fresh interview that the "battle-tested" coin is "certainly the most robust" noting that "as volatile as it's been...[Bitcoin] continu[es] to go up over the long term." Ethereum (ETH) is trading around $471 at press time, seeing around a 1 percent loss on the day. The top altcoin has seen considerable price movement between its morning peak at $484 and subsequent dip to as low as $464. Ethereum has now lost 4.84 percent on the week, but remains almost 1 percent up on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are a mixed bag, with negative fluctuations capped at under 3 percent, and the heftiest gain pushing 1 percent growth over the 24-hour period. Bitcoin Cash (BCH) is down about 2.5 percent and is trading at $838 to press time, after an intra-day tumble to around $833, according to CoinMarketCap. Bitcoin Cash 24-hour chart. Source: CoinMarketCap Meanwhile, EOS has been the strongest top 10 performer, seeing a solid 1 percent growth and trading around $8.48 to press time. Litecoin (LTC) is trading around $86.89, down roughly 1 percent on the day, with Cardano (ADA) seeing an almost 3 percent loss and trading around $0.17 to press time. Of the top 20 coins on CoinMarketCap, crypto exchange Binance's native token Binance Coin (BNB) -- ranked 18th -- has skyrocketed almost 10 percent on the day, trading around $13.13 to press time. The token is nonetheless just short of its weekly high at $13.72. Tezos (XTZ) has been hit with steep losses of almost 5 percent, trading at around $2.13 to press time, following news that "Big Four" auditor PricewaterhouseCoopers (PwC) will conduct an external audit of its finances and operations. While the Foundation has heralded the news as a watershed moment -- it is "the first" large-scale blockchain organization to be monitored by PwC -- the news has perhaps nonetheless drawn fresh attention to controversies that have beset the project since last year. Total market capitalization of all cryptocurrencies is around $297 billion at press time, after surging to around $304 billion during early trading hours. Total market capitalization of all cryptocurrencies from CoinMarketCap EToro senior analyst Mati Greenspan today ventured that Bitcoin's bull run this week has been led by a spike in trading volumes on the Japanese and Korean crypto markets, also noting that average BTC transaction rates have inched past 2.5 per second for the first time since February this year. 1-year chart of Bitcoin's average transaction rate. Source: Blockchain.com As a mark of the nascent industry's rising status, Fortune this week released a crypto-focused version of its prestigious "40 under 40" honor roll for the first time, dedicated exclusively to innovators at the helm of the "financial revolution" ushered in by cryptocurrencies and blockchain.

Crypto Markets Rally, With Bitcoin Pushing $7K, Ethereum Close to $500

Jul 8th, 2018

The crypto markets are on a strong upswing today, July 8, as data from Coin360 shows, with with Bitcoin (BTC) pushing the $7,000 price point. Virtually all of the top 100 coins by market cap are green on the day to press time. The markets have seen just over a week of solid consolidation of gains first claimed in their late June rebound, and today appear to be pushing even higher resistance levels. Market visualization from Coin360 Bitcoin is trading around $6,752 to press time, up 3 percent over the 24-hour period, bringing its weekly gains to a solid 6-7 percent. The top cryptocurrency gained over $230 in value in the space of a little over one hour this afternoon, seeing a sharp 3.5 percent gain, before trading sideways for the rest of the day. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) is trading around $489 to press time, up almost 5 percent over the past 24 hours, and almost 9 percent on the week. The coin's intraday high peaked at $492.56, bringing it tantalizingly close to reclaiming the round $500 price point. Ethereum price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top ten coins by market cap are all solidly in the green, with gains of within a 2 to 7 percent range. Among the top ten cryptocurrencies, IOTA (MIOTA) is currently seeing the most growth over the past 24 hours, up almost 7 percent and trading around $1.12 to press time. Bitcoin Cash (BCH) is up a solid 5 percent over the 24-hour period, trading around $766 to press time. Total market capitalization of all cryptocurrencies is now at around $276.6 billion at press time, having gained a vertiginous $13 billion in the space of about two hours earlier today to reach $279.5 billion. Total market capitalization of all cryptocurrencies from CoinMarketCap There has been a recent steady stream of high-profile positive news in the crypto and blockchain space that could account for today's wave of confidence. Two key appointments have been announced, with Facebook's Director of Engineering of three years moving to the same position at the company's recently established blockchain team. Meanwhile, the Winklevoss twins' Gemini crypto exchange has hired former New York Stock Exchange (NYSE) Chief Information Officer Robert Cornis as its first-ever Chief Technology Officer. Bullish news for the global crypto landscape include yet further signs that the government of South Korea -- historically a major crypto market -- is considering easing its hardline

Mobile payments made easy Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).

Security and control over your money Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

Works everywhere, anytime Just like with email, you don't need to ask your family to use the same software or the same service providers. Just let them stick to their own favorites. No problem there; they are all compatible as they use the same open technology. The Bitcoin network never sleeps, even on holidays!

Fast international payments Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send.

Choose your own fees There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin.

Protect your identity With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, almost just like with physical money. You should however take note that some effort can be required to protect your privacy.

Balances - block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.

Transactions - private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

Processing - mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

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Market share 0.00%
Proof type PoW
24h Open $3,626.13
24h Low $3,603.57
24h High $3,721.75
Current Supply 17,543,924 BTC
Total Supply 21,000,000 BTC
Market cap $65,084,452,864
24h Volume (coin) 40,202 BTC
24h Volume (currency) $146,725,744
Last updated 2019-02-18 00:58:08 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume