Nearly all of the top 10 digital currencies by market cap finished the week with upward price motion. Several, including bitcoin cash, monero and dash, posted gains of more than 10% for the 24-hour period heading into Saturday morning. Bitcoin's price climbed by just under 2% in that same period, but even the relatively small gains were enough to ensure that the world's top digital token finished the week above $7,000, a critical threshold in the minds of some investors. Indeed, the only cryptocurrency in the top 10 which traded sideways or slightly down at the end of the week was tether, according to Coinmarketcap.
One of the biggest stories of the week involved Yahoo Finance. The financial platform has recently integrated trading of bitcoin, litecoin and ethereum. This is in addition to statistics which are available on the platform for other crypto tokens which are currently not tradable, including bitcoin cash and EOS, according to Coin Telegraph. Given the prominence of Yahoo Finance, many in the digital currency community are heralding this development as an important one in the movement of cryptocurrencies toward the mainstream.
Firefox Blocks Cryptojacking
Cryptojacking, the process by which malware infiltrates a victim's computer to utilize processing power to mine for digital currency which is then retained by an outside source, has long been a concern in the digital currency community. This has been a particularly relevant problem for susceptible web browsers and websites. Users unwittingly navigate to an affected site, and then nefarious programs affiliated with the site harness the users' processing power to mine for tokens. Now, popular browser developer Firefox has announced that it will take new steps to prevent cryptojacking and other forms of illicit cryptomining in future iterations of its program, according to Coin Telegraph.
Bittrex Partners With Rialto
American cryptocurrency exchange Bittrex recently revealed a partnership with regulated alternative trading system firm Rialto Trading. If approved by regulators, this new partnership will provide investors with not only a new cryptocurrency trading platform but also a set of blockchain-based cryptocurrency securities as well. Analysts have suggested that this move is Bittrex's attempt at pushing back against rival exchange Coinbase's efforts to become a registered broker-dealer.