Day: February 8, 2019

Bitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit Gains

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Friday, Feb. 8 —  Bitcoin (BTC) has broken the $3,600 price point, with all of the top 20 digital currencies making significant gains on the day, according to data from Coin360. Market visualization from Coin360 In the middle of the day, BTC spiked above the $3,450 mark and at press time the leading cryptocurrency is trading at around $3,640, making a 7.03 percent percent upturn over the day. On its weekly chart, BTC started the week at around $3,493 on Feb. 1, dipping as low as $3,398 on Feb. 7.…

Medical R&D Alliance Expands Blockchain Project to Include Data Sharing

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The Pistoia Alliance has expanded its blockchain project to include data sharing, data identity, and data integrity, according to a press release published on Feb 8. The Pistoia Alliance is a not-for-profit organization established in 2007, with representatives from well-known pharmaceutical industry companies which include Pfizer, Novartiz, and GSK. The Pistoia Alliance was formed to help integrate new technology to assist in the companies’ respective research and development (R&D) fields. The newest project will focus on the use of blockchain to validate sources in identifying data, to ensure data integrity,…

Canadian Securities Regulator ‘Looking Into’ QuadrigaCX Cryptocurrency Exchange

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The Ontario Securities Commission (OSC) has initiated a probe into Canada’s major cryptocurrency exchange QuadrigaCX, Reuters reported on Feb. 8. The Ontario Securities Commission reportedly told Reuters that “given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor.” OSC spokeswoman Kristen Rose reportedly declined to specify whether this means the Commission was formally investigating the exchange. The news comes in the wake of the British Columbia Securities Commission’s claim that it does not regulate QuadrigaCX since the company…

Seoul City Gov’t Appoints Members to Blockchain Governance Team

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The Seoul Metropolitan Government, South Korea, has issued letters of appointment to its Blockchain Governance Team set to integrate blockchain technology with the city’s administration services. The news was announced by blockchain networks firm ICON on Feb. 8. The Seoul Blockchain Governance Team was formed by the Metropolitan Government, with the aim of investigating the benefits of blockchain in the city’s administration across several areas, including digital document verification and sub-contract payment. The team reportedly consists of 100 participants between the ages of 21 and 77, including university students, corporate…

It’s Alive! But Is a Wider Bear Market Just Beginning?

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Cryptoeconomy: It’s Alive! But Is a Wider Bear Market Just Beginning? February 8, 2019 by William Peaster After no shortage of sideways chop in recent weeks, the top cryptocurrencies saw their values spike on Friday, Feb. 8th, as acute buy pressure hit the cryptoeconomy. Will the performance prove to be another mirage in the wider crypto bear market, and is that bear market far from over?  Also read: March of the Smart Contracts: Bits of Open Possibility in Open Finance Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…

It’s Alive! But Is a Wider Bear Market Just Beginning?

boss

Cryptoeconomy: It’s Alive! But Is a Wider Bear Market Just Beginning? February 8, 2019 by William Peaster After no shortage of sideways chop in recent weeks, the top cryptocurrencies saw their values spike on Friday, Feb. 8th, as acute buy pressure hit the cryptoeconomy. Will the performance prove to be another mirage in the wider crypto bear market, and is that bear market far from over?  Also read: March of the Smart Contracts: Bits of Open Possibility in Open Finance Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…

Hackers Liquidated $3.2 Million in Tokens From Cryptopia Hack

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$3.2 million in tokens stolen from New Zealand-based cryptocurrency exchange Cryptopia have been liquidated on major cryptocurrency exchanges, according to a tweet from blockchain analytics firm Elementus on Feb. 4. The hack, which is seemingly the first major security breach of 2019, was announced by the platform on Jan. 15. The exchange said that the hack occurred on Jan. 14. Cryptopia initially told users it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach. On Jan. 20, Elementus reported that as much as $16 million worth of…

One Trader Thinks Recent 10% Rally of Bitcoin Could Lead to Something Much Greater: a Full-Fledged Recovery

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The Bitcoin price today chartered into positive territory after weeks of bearish action near $3,400. It rose close to 10% while clearing through a stubborn resistance area of $3,480-3,500. A sudden spike is as incredible as it is scary. There are questions about its origins. Is it natural for an asset to wake from a bearish slumber and rise 10%? Now if that has happened, how severe would the next bearish correction be? And most importantly, how far BTC can extend its gains as it trends higher in its overbought…

Mauritius Regulators to Approve Digital Asset Custodian Licensing Framework

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The Mauritanian Financial Services Commission (FSC) is establishing a regulatory framework for digital asset custodian services, according to an official announcement published on Feb. 8. The new regulation will be effective as of March 1 and will require custodian services “to comply with the applicable framework for [Anti Money Laundering] AML/CFT [combat financing terrorism] in line with international best practices.“ Harvesh Seegolam, the Chief Executive of the FSC said: “The FSC is committed to implementing enabling frameworks which facilitate the development of the Mauritius IFC.” According to the statement, this…

Litecoin Foundation and Beam Partner to Explore New Protocol, LTC Price Soars 30%

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The Litecoin (LTC) Foundation has partnered with software development firm Beam to explore the implementation of a new protocol that would improve privacy and scalability. The news was reported in a Beam Medium blog post Feb. 7. The new protocol, dubbed “Mimblewimble” — a fictional tongue-tying curse from the popular Harry Potter novels — is reportedly being tested for use in conjunction with the scalability solution “Extension Blocks.” The Beam blog post states: “We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular…