Crypto Markets News 

Total Value of Bitcoin Sent to Darknet Markets Increased by 70% in 2018: Report

“Over the course of 2018, the total value sent to darknet markets saw a notable 70 percent increase, while total Bitcoin economic transaction value dropped throughout the year” writes Adrian Zmudzinski for cointelegraph.com. During last year the value of Bitcoin (BTC) sent to darknet markets increased by 70 percent, according to a Chainalysis report published on Jan. 18.Value of BTC in USD & share of BTC economic value sent to darknet markets.Since its peak in 2012, the share of Bitcoin transactions sent to darknet markets has been mostly steadily decreasing.Value…

Read More
Crypto News 

Despite Reporting Revenue Losses, GMO Internet’s Crypto Mining Rewards Soar

“GMO released the disclosure in a publicly available document on Jan. 8, also revealing a steady increase in its monthly Bitcoin (BTC) mining rewards” writes Marie Huillet for cointelegraph.com. Japanese IT giant GMO Internet Group has published the latest monthly disclosure on its in-house crypto mining operations, confirming that it took a steep hit in overall mining revenue.For BCH, mining rewards have fluctuated wildly, from 213 BCH in December 2017 to 62 BCH in June 2018, rising to 875 BCH in October before falling to 400 BCH in November. Source: cointelegraph.com

Read More
Crypto News 

Samourai BTC Wallet Removes Security Features at Google’s Behest for Transparency Policy

“Bitcoin (BTC) wallet provider Samourai Wallet said it was disabling several security-related features in its products due to notices from Google to block the wallet, according to a Jan. 7. blog post” writes William Suberg for cointelegraph.com. Samourai, by offering “stealth mode,” remote SMS commands and a way to mitigate the risk of so-called “SIM swapping” attacks, allegedly flouted these, despite all three features being present in its wallet since the time of its 2015 launch.Samourai, which has aimed to provide a Bitcoin-centric experience through adding enhanced anonymity options and…

Read More
Crypto News 

Single Global Currency Like BTC Faces Insurmountable Obstacles, Argues Payments Firm CEO

“Scott Galit, CEO of New York-headquartered payments processing firm Payoneer, says a single global, non-fiat currency such as Bitcoin (BTC) is unrealistic” writes Marie Huillet for cointelegraph.com. Nonetheless, the bottom line of this interaction is that the Bitcoin is first converted into fiat currency via the state’s OhioCrypto.com portal before it reaches government pockets.This May, Jack Dorsey — the CEO of stalwart social media platform Twitter as well as Bitcoin-supporting payments firm firm Square — stated his view that “the internet deserves a native currency,” placing virtual currencies at the centre…

Read More
Crypto News 

From “Obsolete” Blockchain to Bitcoin at $1 Mln: Predictions of 2018

“While Friedman did not specify the time span he was talking about, as of late 2018, blockchain is very far from being outdated” writes Ana Berman for cointelegraph.com. It seems like the aging of blockchain in 2018 is more like a dystopian science fiction story rather than reality.Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, was quite accurate in his 2018 predictions.The mass adoption is no longer a vain fantasy, as governments around the globe keep testing blockchain in different areas. Source: cointelegraph.com

Read More
Crypto Markets News Stocks 

Bitcoin-Supporting Payments Firm Square Named Yahoo Finance’s Company of the Year

“United States-based Bitcoin (BTC)-supporting payments firm Square has been named Yahoo Finance company of the year, according to a report from the media outlet Dec. 18” writes Marie Huillet for cointelegraph.com. As previously reported, Square first announced in November 2017 that it would release a BTC trading option to a select 3 million of its Square Cash App customers.When the company rolled out support for BTC trading for customers across a more extensive range of U.S. states this February, Square’s stock increased yet again.The announcement caused its stock to jump…

Read More
Crypto News 

Hackers Steal 250 BTC from Electrum Bitcoin Wallets

“It seems that popular bitcoin wallet Electrum is having issues” writes Aziz Abdel-qader for financemagnates.com. Actually, this action is the last step to steal the user’s funds and transfer them to the thieves’ wallets.Posting on Reddit, a user called “u/normal_rc” explained how the hacker gained access to Electrum wallets and stole victims’ balances.After installing the fake update and trying to log back in again, the malicious Electrum wallet asks him for a 2-factor authentication code. Source: financemagnates.com

Read More
Crypto Markets News 

Bitcoin in 2018: The Year in Market Crashes

“In July, however, Bitcoin came crashing back into headlines with the news that a decision on what would have been the first-ever Bitcoin ETF (exchange-traded fund) was imminent” writes Rachel Mcintosh for financemagnates.com. As each side pushed to make their protocol dominant, both reportedly “rented” hash power to make their protocol more powerful.Hash power is the computing power that’s used to power a blockchain network.As more and more hash power was taken away from the Bitcoin network, the network became slower and slower, and more difficult to use. Source: financemagnates.com

Read More
Crypto News 

Coinbase Adds Direct Crypto Conversions for BTC, ETH, ETC, LTC, ZRX and BCH

“For the eighth day of announcements, Coinbase has revealed a new feature called Convert, which customers can use to convert one cryptocurrency to another” reports sludgefeed.com. This news comes several days after Coinbase’s last major announcement that all U.S. customers can now instantly withdraw cash balances from Coinbase to PayPal (PYPL). Source: sludgefeed.com

Read More
Crypto Futures News 

Hodler’s Digest, Dec. 3-Dec.9: US SEC Delays BTC ETF Decision Again, While Nasdaq Confirms 2019 BTC Futures Launch

“The graduate school for the U.S. Air Force has developed an educational tool based on blockchain technology for managing supply chains” writes Molly Jane Zuckerman for cointelegraph.com. Nasdaq Confirms Bitcoin Futures Launch for First Half of 2019 Nasdaq, the world’s second-largest stock exchange, has confirmed plans to launch Bitcoin futures in the first half of 2019.Crypto Exchange ErisX Raises $27.5 Mln in Funding from Fidelity, Nasdaq, Others Crypto exchange ErisX has raised $27.5 million from stock exchange Nasdaq and Fidelity, which administers over $7.2 trillion in client assets, among other…

Read More