The top news in the last 24 hours are shown below:
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history
The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017, on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC), the 411th consecutive day prices have been in decline.
Blockstream Proof-of-Reserves Tool for Authenticating Exchanges’ Liquidity
Blockchain tech company Blockstream introduces an open-source tool, granting cryptocurrency exchanges a more efficient way to prove to auditors they have adequate liquidity
Five Critical Vulnerabilities Discovered in EOS in 2019
EOS.io, the company responsible for the development of fourth-largest crypto by market cap EOS, has handed over bug bounties for five critical vulnerabilities this year. Public activity on breach disclosure platform HackerOne revealed the bounties. On Jan. 10, $40,750 was awarded to five white hat hackers on the platform by EOS.io, and the day after, another researcher received a $10,000 bounty.
Bitcoin Halving Binary Option Brought About by LedgerX
A cryptocurrency exotic option is introduced: the LedgerX Halving Contract (LXHC). On a 5 February blog post, the American-regulated derivatives exchange and clearinghouse, LedgerX, explains how their new product works.
Durov’s Cryptocurrency May Cost $30 Billion
The analysts from HASH Crypto Investment Bank (Hash CIB) estimated the backing of a future cryptocurrency Gram — $29,5 billion. This is the point the cryptocurrency’s capitalization may reach by the end of 2019.
Google Is Creating A Search Engine For Blockchains
Google, the brain of the internet, has been secretly working on a new project recently reports Forbes. Conspicuous by its absence from the big-tech-firms-entering-blockchain-space crowd, the firm seemed to be on the fence whilst the likes of Microsoft and Amazon have been working on their blockchain-based systems. However, it has come to light that Senior Developer Advocate for Google Cloud, Allen Day is working on creating a search engine which will essentially become Google for blockchains. Let’s take a look at how it’s working.
New Report Says Mt. Gox Bitcoin Dump Killed Mid-2018 Price Rally
GoxDox’s report alleges that Mt. Gox’s trustee, Nobuaki Kobayashi, ignored advice on how the Mt. Gox Bitcoin sale should be conducted. For example, Kraken’s CEO Jesse Powell noted that Kraken had been asked for advice on how to sell large amounts of coins. First of all, Powell responded that a massive cryptocurrency sell-off should be avoided in the longest. However, if the coins needed to be liquidated, Powell suggested that this should be done in an auction – which Kraken could facilitate.
Crypto Market to Peak to 1 Trillion USD in 2019
Despite the bearish trends for most parts of 2018, the crypto market seems to be on the rise. As per the market reports, the crypto market valuation will hit 1 trillion USD in 2019. The present combined market cap for all crypto-currencies is something like $417 billion. Before the last downturn, the market cap was $800 billion. So, if the combined market cap manages to pique by just 25 per cent, the crypto market will witness a massive valuation of 1 trillion USD in the near future.
Yellow Vest Movement Starts a New Form of Protest – Burning Banknotes
For well over two months, the yellow vest movement in France has continued to keep itself illuminated with fervent protests against taxes, the banking system, and the region’s bureaucrats. On Feb. 1, a group of Gilets Jaunes working at the bill printing factory explained their plan to show the world they mean business by burning pallets of bills, starting with Israeli banknotes.
Scandinavians Can Now Buy Cryptocurrency Within the Opera Mobile Browser
Opera Ltd (NASDAQ: OPRA), the Norway-headquartered company behind the web browsers used by over 320 million people, now lets users buy cryptocurrency directly within its mobile app. This service is being rolled out in Scandinavia first due to a local partnership.
Singaporean and Eastern European P2P Markets Post Record BTC Volume
Several markets have seen spikes in peer-to-peer (P2P) volume, with the Kazakh and Singaporean Localbitcoins markets posting their second strongest weeks on record. Polish P2P trade also increased this past week, with volume reaching a 14-month high.
Philippines Announces New Cryptocurrency Regulations
The Philippines has announced new regulations to govern crypto assets. According to the Cagayan Economic Zone Authority (Ceza), a government regulator, the new regulations cover areas around the acquisition of cryptocurrencies, including utility and security tokens. The aim is to effectively regulate the crypto industry while safeguarding investor interests and promoting innovation, Ceza explained.
Data Shows Ethereum is the ‘Cryptocurrency of Choice for Scams’
Since the very early days, back when people learned how to create new cryptocurrencies or quickly build infrastructure models like digital asset trading platforms, many scams started to spawn frequently. According to the blockchain surveillance company Chainanalysis, over the last two years, fraud in the Ethereum ecosystem has run rampant, and it’s been the “cryptocurrency of choice for scams for a variety of reasons,” the company’s latest Ethereum report highlights.