According to Reuters, the market cap of all cryptocurrencies combined has hit a record of $200 million, which puts their value at more than that of U.S. bank Citigroup.
According to The Economic Times, a government panel is seeking a crackdown on cryptocurrency dealers in India.
According to CNBC, the first major Wall Street strategist to embrace bitcoin is now feeling more cautious about the digital asset. Fundstrat co-founder Tom Lee now says that bitcoin has gained far more than the fundamentals warrant right now.
According to Bloomberg, bitcoin's latest rally has forced an ultra-bullish analyst to revise his target even higher. Standpoint Research's Ronnie Moas now says the bitcoin price will reach $11,000 in 2018.
According to The Washington Post, the fight against opioid abuse is happening at the post office because dealers are ordering fentanyl from outside of the country via the internet.
Featured image via Pixabay.
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Kyle first used Bitcoin in 2011. By early 2014, researching and writing about Bitcoin had become his full-time occupation. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, he provides a daily Bitcoin news recap via a newsletter and YouTube show (audio only version available via SoundCloud), which can be found at kyletorpey.com.