New Regulatory Framework for Digital Asset Token Offering Introduced in Philippines

The Philippines has introduced a new set of rules governing Digital Asset Token Offering (DATO), according to a press release published by the Asia Blockchain and Crypto Association (ABACA) on Feb. 4. The new regulations released by the country’s Cagayan Economic Zone Authority (CEZA) are reportedly designed to regulate the cryptocurrency industry and protect investors, affecting such issues as the acquisition of crypto assets, including utility and security tokens. The CEZA thus becomes the main regulator, while the ABACA has been designated as a self-regulatory organization (SRO) to enforce the…

Crypto Markets Trade Sideways, Gold Tries to Find Direction Ahead of Trump Address

Tuesday, Feb. 5 —  cryptocurrency markets are trading sideways and reporting mild losses. Bitcoin (BTC) is struggling to stay in the green, while other major coins are experiencing a downward trend. Market visualization from Coin360 The leading digital currency BTC is trading at around $3,468 at press time, having gained a modest 0.16 percent on the day. On its weekly chart, BTC is up0.56 percent, with its lowest price point around $3,400 on Jan. 29, and the highest at $3,521 on Feb. 2. Bitcoin 7-day price chart. Source: CoinMarketCap Top…

Blockchain Association Merges with Chamber of Digital Commerce

Canada’s largest blockchain trade association, the Chamber of Digital Commerce has united with the Blockchain Association of Canada (BAC), which will now go by the Chamber of Digital Commerce Canada. The merger was announced in a press release posted on the Chamber of Digital Commerce website on Feb 5. Executive director and policy strategist of the BAC, Tanya Woods, will be serving as the managing director of the Chamber of Digital Commerce Canada. Woods has previously worked for the Canadian government, BCE, Nintendo, and Microsoft. Woods said in the press…

Facebook Acquires Blockchain Startup Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.” According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook. Facebook Acquires Chainspace? Facebook has confirmed that it…

Users of Crypto Wallets Electrum and MyEtherWallet Face Phishing Attacks

Users of cryptocurrency wallets Electrum and MyEtherWallet are currently facing phishing attacks, according to posts published on Reddit and Twitter on Feb. 4. A phishing attack is an attempt to obtain sensitive data like users’ personal or banking information by illicit means, wherein an attacker is disguised as a trusted entity and sends a user a message or an email containing a malicious link. Once clicked, the link asks the user to enter their personal data or initiates the installation of malware. On Feb. 4, the team behind MyEtherWallet tweeted…

Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices

On Tuesday, Feb. 5, the infamous Goxdox blog returned to inform the public of more detailed Mt. Gox information that “no one wants you to know about.” According to Goxdox, the Mt. Gox trustee Nobuaki Kobayashi’s bank book shows that he previously sold large sums of BTC and BCH using the exchange Bitpoint. The cryptocurrencies were sold on a traditional trading platform, which goes against the trustee’s past statements that the coins would not be sold in this manner. Also read: Mt. Gox Restitution Process Frozen Due to One Man’s $16B…

Liechtenstein-Based Crypto Fund Manager Receives Backing from Dubai Royal

Dubai royal and Emirates Group chairman Sheikh Ahmed bin Al Maktoum is backing Lichtenstein-based cryptocurrency fund manager Invao, according to a report from Bloomberg on Feb 5. The fund management firm purportedly aims to secure more investors in the United Arab Emirates (UAE). The Sheikh’s private office, known simply as The Private Office, will reportedly help Invao to secure funding in the UAE. The Private Office also invests in cryptocurrencies and blockchain startups. Despite a slump in cryptocurrencies the previous year, Invao has already invested over $1 million and managed…

On the Zcash Counterfeit Flaw Fix: Questions to Ponder

On the Zcash Counterfeit Flaw Fix: Questions to Ponder February 5, 2019 by William Peaster Upon the news the Zcash team fixed a flaw last year that could’ve allowed for the unchecked creation of counterfeit ZEC, many in the cryptoverse have applauded the response and a new post-mortem report. Likewise, skeptics have found the case disconcerting. But the episode does generate questions worth considering, both for the neutral and opinionated alike.  Also read: Blockchain? No Such Thing–Timechains Are the Future Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders &…

Zcash Vulnerability Permitting Infinite ZEC Counterfeiting Fixed and Disclosed

A vulnerability that could have permitted an attacker to coin infinite Zcash (ZEC) has been patched and disclosed by the company behind the coin, a post on the official Zcash blog states on Feb. 5. Ariel Gabizon, an engineer at the Zerocoin Electric Coin Company — the startup behind privacy-focused cryptocurrency Zcash — reportedly discovered the vulnerability the night before his talk at the Financial Cryptography 2018 conference in March 2018. Gabizon contacted Sean Bowe, a cryptographer at the Zcash Company, the same day. A fix for the vulnerability was…

BTC Ranging, Blockstream Quick Fix

Bitcoin Prices are steady but could rally above $3,600 in days ahead Blockstream’s Proof of Reserves could solve the exchange’s perennial problems Transaction volumes below average It may be an exit scam or a tragedy, but the bottom line is that QuadrigaCX users stand to lose $190 million. It is unbearable, but that is the reality. All the same, deliberations are in progress. In the meantime, BTC bulls are rejecting lower lows and could print above $3,600 and $3,800 by close of the week. Bitcoin Price Analysis Fundamentals Headline news…