Bitcoin Market Dominance Is Actually Over 75%: Ex Google Exec

Bitcoin in fact accounts for a much larger proportion of the overall cryptocurrency market, a former Google and Facebook executive has claimed. Bitcoin Market Dominance Has Long Been over 60% Presenting new figures on social media August 6, Avichal Garg, who now runs cryptocurrency asset management firm Electric Capital, said standard methods for measuring Bitcoin’s dominance were flawed.  Resources which compute market cap, specifically CoinMarketCap, draw on thousands of cryptocurrencies, including those with no liquidity at all. This, he argues, makes them irrelevant to calculations and allows them to dilute…

Singapore Could Embrace Bitcoin First, Pompliano Tells CNBC

Singapore could be the first country in the world to embrace Bitcoin, one of cryptocurrency’s best-known commentators has told mainstream media.  Singapore Saying ‘Bring It On!’ Speaking on CNBC’s Squawk Box segment July 30, Anthony Pompliano, co-founder of Morgan Creek Digital, said Singapore’s proactive stance on regulation could leave the rest of the world racing to catch up.  The debate, which also featured CoinShares’ chief strategist Meltem Demirors, aired the same day US politicians held the latest in a series of hearings about Blockchain and crypto regulation.  “…Look at Singapore;…

Fortnite and Gaming Industry is ‘Massive’ For Crypto

Cryptocurrency will gain significantly from playing a role in online gaming, one of the industry’s best-known investors has forecast after Fortnite World Cup concludes. Fortnite and Gaming Are ‘Very Bullish’ Commenting after the culmination of the Fortnite World Cup event in New York, Travis Kling, founder and CIO of cryptocurrency asset manager Ikigai, said it was only a matter of time before the “huge” cash flows in gaming made their way into crypto.  Fortnite, a battle royale-style game created by studio Epic Games, completed its international competition on Sunday. The…

DARPA Is Leveraging Blockchain For ‘Digital Modernization’

DARPA, the advanced-technology branch of the U.S. Department of Defense (DoD), a key contributor to the creation of the Internet. Now, to propel DoD’s Digital Modernization Strategy, the department, through DARPA, is starting to experiment with Bitcoin’s underlying technology: blockchain. DARPA Is Experimenting with Blockchain The DoD is embarking on an effort to modernize its digital environment to gain “great power competition.” In this regard, on July 12, 2019, the department released a document titled DoD Digital Modernization Strategy. The document details a roadmap for DoD’s priorities, which include cybersecurity,…

Verizon Hiring Blockchain Experts for ‘Distributed Network’ Project

U.S. telecom giant Verizon appears ready to join the blockchain space as its website currently lists 35 vacancies requiring ‘blockchain technology knowledge’. Verizon Joins the Fray A recent LinkedIn post for blockchain-engineers indicates that telecom giant, Verizon, could be in the process of building a blockchain-based product focused on privacy, payments, and security.  According to Verizon’s website the company is looking to hire five blockchain engineers, along with a “blockchain technology development” lead. Currently, Verizon has 35 listed vacancies that require ‘blockchain knowledge’.  The role is described as requiring a…

3 Bitcoin Network Statistics Reach All-Time Highs

Bitcoin price may be losing ground, but its network is now more competitive – and secure – than ever before, new data shows.  Bitcoin Mining Hashrate, Difficulty, Transaction Output Value Spike According to monitoring resource Blockchain (formerly Blockchain.info), three essential Bitcoin 00 network metrics achieved new daily records at the same time this week.  Hashrate, difficulty and the total value of transaction outputs all surpassed their previous daily all-time highs, indicating that interest in the largest cryptocurrency is only increasing. The figures come despite BTC/USD breaking down in recent recents…

#MetaHash launches program for blockchain mass adoption even as policymakers struggle with blockchain education

There is a recent global movement for policymakers to put together their heads with industry stalwarts as mass adoption is the key for blockchain to proliferate. #MetaHash, the high-performance blockchain network, is doing a great job with the #MetaGather Program, a targeted campaign to stimulate massive familiarization with blockchain. #MetaHash Tech Lead and Co-founder, Gleb Nikitin highlights the importance of the program as “the opportunity to take part in the consensus mechanism of the distributed network, which in other cases requires investments, and even get rewards for this engagement in…

‘Bitcoin Not Blockchain’, As Crypto Venture Capital Falls 60%

According to new research from CB Insights, blockchain venture capital is on track for a 60% decline when compared to 2018 figures. With Bitcoin price on the rise, it’s fair to suggest that blockchain startups are out this year and Bitcoin is back in. Disentangling Bitcoin From Blockchain One of the great things about Bitcoin is that even critics could generally see value in its underlying blockchain technology. The ‘Blockchain not Bitcoin’ mantra was repeated often and everywhere, much to the chagrin of Bitcoin maximalists. As bitcoin price exploded through…

Libra Controlled By ‘Largely Massive Corporations’: AOC

During the second day of congressional hearings, New York Representative Alexandria Ocasio-Cortez (AOC) grilled Facebook executive David Marcus over Libra’s centralization. The 29-year-old congresswoman went directly at Facebook for calling Libra a decentralized project. She questioned Marcus over the procedure using which they handpicked 27 founding members for the Libra Association, a so-called nonprofit backing Facebook’s cryptocurrency. Realizing that Facebook had installed principal founders using a $10 million investment as one of the criteria, AOC said that the social media giant backed crypto would become “a currency controlled by an…

Jack Dorsey Unveils Square Crypto, How Will It Help Bitcoin?

As made easily apparent by a mass of recent developments, like Vitalik Buterin’s latest topical update on Ethereum, Samsung’s consumer-facing crypto solution, and the swelling Bitcoin Lightning Network, now is the perfect time for industry stakeholders to bear down, test, and post stellar results. Some firms may have missed the memo, but by and large, an argument can be made that the cryptocurrency ecosystem is stronger than ever, as big names continue to propel human and physical capital at this asset class. Jack Dorsey’s fintech company cemented this theme’s potency…