IOTA Overtakes Ripple in Market Cap as Surge Continues

The IOTA price continued to surge on Tuesday, enabling the native currency of the “next generation blockchain” project to surpass Ripple’s XRP token to become the fourth-largest cryptocurrency. IOTA Price Surges Past $3.50; Market Cap Eyes $10 Billion The IOTA price has been on an absolute tear in recent weeks. In the past month, the IOTA price has climbed more than 900 percent, bringing it to a present value of $3.52. Most of that movement has taken place within the last week, and as CCN has reported, it appears linked…

Portugal’s Central Bank Issues Warning Against OneCoin

The Banco de Portugal (BdP), Portugal’s central bank, recently joined a long list of authorities around the world that warned its citizens on OneCoin, the purported altcoin scheme widely seen as a scam.In the warning, the country’s central bank revealed that three organizations, OneCoin Network Limited, OneCoin Limited, and One Network Services Ltd, from Belize, Dubai, and Bulgaria respectively, aren’t, and have never been, allowed to receive deposits or other repayable funds in the country. The warning applies whether the organizations are acting under their own name or through third…

Bitcoin Price Eyes $12,000 as Billion-Dollar Cryptos Rise to Nineteen

The cryptocurrency markets made another advance on Tuesday, fueled by continued bullishness over the impending launch of regulated bitcoin futures contracts on Sunday. Buoyed by this factor, the bitcoin price rose within striking distance of the $12,000 milestone, and the flagship cryptocurrency’s market cap came within a hair’s breadth of the $200 billion marker. Meanwhile, altcoins reaped the gains of a bullish market, and the number of cryptocurrencies with billion-dollar valuations swelled to a new all-time high of nineteen. Source: CoinMarketCap Altogether, cryptocurrencies added nearly $15 billion to their already…

World’s Largest Bitcoin Exchange Bitfinex Vows to Sue Critics

Bitfinex, the world’s largest bitcoin exchange with a $657 million daily trading volume, has vowed to pursue legal action against critics.In a statement provided to Coindesk, Bitfinex in-house counsel Stuart Hoegner disclosed the company’s decision to cooperate with law firm Steptoe & Johnson to challenge “bad actors” in the space that have allegedly provided “false information” to “agitate the cryptocurrency ecosystem.” “To date, every claim made by these bad actors has been patently false and made simply to agitate the cryptocurrency ecosystem. As a result, Bitfinex has decided to assert…

Bitcoin May Be A Bubble, But So What?

Bitcoin may be a bubble, but that isn’t worrying Da Hong Fei, founder of NEO, the 12th largest cryptocurrency with a market capitalization of $160.852 million. “There is a bubble in this industry; I’ll say it’s okay,” Hong Fei told CNBC. “Every technology that is so disruptive, there definitely will be bubbles.” He said there were bubbles for trains and automobiles at one time. He said blockchain technology is in the later stage of a bubble, but even if the bubble bursts, the cryptocurrency will recover and even become bigger.…