Day: February 1, 2019

The Daily: Bitcoin Carnivory, Dapps & DEXs, Quadrigacx Claims Insolvency

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The Daily curates stories from the eclectic and often bizarre world of Bitcoin. Today’s roundup demonstrates just how varied that world can be, taking in Bitcoin carnivory, decentralized apps, and a new price comparison tool for token traders. We begin in Canada though, with confirmation that Quadrigacx exchange has bitten the dust. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations Last October Canadian Exchange Searches for Lost Cold Wallets Troubled Canadian exchange Quadrigacx, which ceased trading this week, has filed for insolvency. Its website now consists of a short…

Bitcoin Price Hits Record Sixth Consecutive Month of Losses

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View Bitcoin registered losses for a record sixth straight month in January, reinforcing the bearish view put forward by the moving average studies on the monthly chart. As a result, a re-test of December lows near $3,100 could be on the cards. The odds of a sustained rise to $4,000 would improve if the 200-week moving average at $3,298 serves as strong support and ends up pushing prices above $3,658 (high of last Saturday’s gravestone doji candle). Bitcoin’s price fell for a record sixth time in January, after an early…

CookieMiner Malware Tries to Hack Mac Users’ Cryptocurrency Exchange Accounts, Report

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A new form of malware steals cookies from cryptocurrency exchanges and other data in an attempt to hack user accounts, cybersecurity research team Palo Alto Networks reported on Jan. 31. CookieMiner, a progression of OSX.DarthMiner, is a malware targets Mac users, stealing saved Google Chrome passwords, iPhone SMS messages and iTunes backups on tethered machines and more. Along with the cookies, the goal of the malware is to gain access to cryptocurrency exchange accounts. According to Palo Alto, the hackers assume a combination of the stolen data would allow them…

Chinese District Food and Drug Administration to Use Blockchain for Quality Assurance

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The Food and Drug Administration of the Chinese Chongqing Yuzhong District is going to apply blockchain technology to its operations, the official newspaper of the Chinese Communist Party, The People’s Daily, reports on Jan. 31. Blockchain will purportedly be applied by the agency to strengthen the supervision of food and drug quality assurance with better traceability of the product life cycle and anti-counterfeiting measures. Deng Ke, the CEO of PrimeNumber Chain Technology Chengdu Co., Ltd — the company that developed the blockchain which will be used by the system —…

The 8 Most Important Cryptocurrency Metrics to Look For

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The 8 Most Important Cryptocurrency Metrics to Look For February 1, 2019 by Jeff Fawkes Determining good cryptocurrency metrics means searching beyond market cap or yearly profit stats. Let’s see what to look for to distinguish between a solid working currency and a fake one like el Petro or Onecoin. Also read: Kik Expects SEC to Come Knocking Over Kin ICO Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Good Cryptocurrency Metrics Are Nuanced How can you measure a coin’s market cap in U.S. dollars if the…

Bitcoin and Ether Market Update: February 1, 2019

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The total crypto market cap is down with $1 billion since January 30, 2019, and now sits at $112.5 billion. Bitcoin is still hovering around $3,400, while the price of ether remains unchanged. BTC/USD On January 30, bitcoin saw its first day of gains since January 26 when it last closed with a green candle on the daily chart. The most popular cryptocurrency managed to stabilize around $3,530 after series of good news coming from Fidelity and SWIFT. The BTC/USD trading pair, however, could not extend gains and moved to…

ICO to audit data protection practices at Leave.EU and Eldon Insurance after fining both companies for unlawful marketing messages

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The Information Commissioner’s Office (ICO) has issued fines totalling £120,000 to an EU referendum campaign and an insurance company for serious breaches of electronic marketing laws and is set to review how both are complying with data protection laws. The ICO announced an audit and issued a preliminary enforcement notice as well as three notices of intent to fine Leave.EU and Eldon Insurance trading as Go Skippy Insurance, in November 2018 as part of its investigation into data analytics for political purposes. After considering the companies’ representations, the ICO has…

Gemini Claims to be World’s First SOC 2 Compliant Crypto Exchange after Deloitte Audit

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Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain,…

Winklevoss Bros’ Gemini Claims to be World’s First SOC 2 Compliant Crypto Exchange after Deloitte Audit

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Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain,…

Japanese Trading Giant Itochu to Develop Blockchain Traceability System in PoC

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One of largest Japanese trading companies has officially announced the start of a proof-of-concept (PoC) aimed to develop a blockchain traceability system, according to a press release published on Feb. 1. Itochu Corporation, a general trading company and one of the five largest companies in Japan, is developing a blockchain traceability system that will allow buyers and sellers to record the date, time, location and other transaction details on blockchain through a smartphone app. The PoC will use the Indonesian-based firm Pt. Aneka Bumi Pratama’s natural rubber supply chain, a…