In the traditional Sunday review ForkLog recalls the main events of the week in the bitcoin industry, during which happened a lot of interesting events, shared positive traders they are unlikely to be added.
The cryptocurrency market – minus $17 billion in a week
The first full week of 2019 was held for cryptocurrency market is not in a good way. During this period of time, the total capitalization of digital assets fell from $138 billion to $121 billion, thus returning to a two-week low.
As at 16:00 UTC Sunday bitcoin, which a week ago was trading at around $4100 for the last seven days lost in the price more than 7%, dropping to $3650.
At the same time, if we talk about the Top 20 CoinMarketCap, the cryptocurrency first suffered for the last week almost least of all better indicators was only Tron (-2,70%) and Binance Coin (-4,70%) and Stellar (-5,75%).
Where substantial losses were, for example, Ethereum (-19,50%), which dropped in price to $125, at the end of the week again lost the second place in the ranking of XRP. Similar negative results have demonstrated Bitcoin Cash, which for a week has fallen in price from S170 to $131.
Ethereum Classic under attack by 51%
One of the most notable events of the week was the news that the Ethereum network Classic was under attack by 51%. The developers that initially denied the claim, but later acknowledged the problem, suggesting that it was associated with the testing of new miners.
The whole situation was quite confusing, and a complete picture of what happened to this day, no. The alleged culprit of a sudden increased Hasrat network Chinese manufacturer of ASIC miners Linzhi his involvement was denied, and that behind all this was still not identified the hackers, indirectly confirms the fact that at the end of the week the alleged organizers of the attack returned to the exchange Gate.io the part of the funds that it lost as a result of double spending.
Bitmain – the clouds are gathering
Despite the fact that a Chinese manufacturer of equipment for mining Bitmain already for some months refrained from any public statements, new rumors about the deplorable financial condition of the company appearing almost every week.
Was no exception and this reporting period. So, in the American press appeared a message that Bitmain has suspended mining cryptocurrency belong to her farm in Rockdale, Texas. Also in August, the company built an extremely ambitious plans for this enterprise, intending to invest $500 million and create more than 400 jobs.
The news about the halt of operations Bitmain in Texas almost coincided with reports that the company’s founders Bitmain Jihan Wu and Mikri Zhang had different views on the further vector of development in conditions of falling stock market and will leave their leadership positions.
Earlier also it was reported that controlled by Bitmain mining pools and Antpool BTC.com in the second half of 2018 has lost about 28% of its market share.
New bid to launch a bitcoin ETF
Thursday, January 10, cryptocurrency Fund Bitwise filed with the Commission on securities and exchange Commission (SEC) a request to launch a bitcoin ETF. New shares of the index Fund, the company plans to list on the NYSE Arca.
Assume that the bitcoin ETF from Bitwise will be based on the index, which aggregates data from a large and trustworthy trading platforms. Bitwise also intends to delegate the storing of bitcoins, which will be the basis of the stock, a regulated custodian that is to convince the SEC of the reliability of the company.
Company applies to launch a bitcoin ETF for the second time. In the summer of 2018 Bitwise filed the appropriate documentation for the exchange traded Fund based on the index HOLD 10, based directly on the ten most liquid cryptocurrency.
Meanwhile it became known that the founders of the exchange Gemini brothers Winklevoss also do not intend to abandon plans to launch its own bitcoin ETF.
Samourai Wallet – not so anonymous?
On Tuesday, January 8, it became known that the functionality of the new version based on the increased privacy of the users of the bitcoin wallet Samourai Wallet was reduced to meet the requirements of Google. In particular, it has been removed stealth-mode protection switching SIM cards and remote implementation teams via SMS.
The developers have stated that it has issued a request for exclusive rights to retain these features, but Google rejected it.
«The Corporation is not interested in what the removal of these features will make users less protected and more vulnerable to attack. In this regard, the full application Samourai Wallet is what will be distributed through third-party sources,» they added.
I should add that stripped-down version is distributed only through Google Play – a full version with complete feature list can still be downloaded via GitHub.
Coincheck resumes a year after the burglary
January 11, the financial services Agency of Japan (FCA) confirmed the issuance of the exchange Coincheck license to resume. It happened a year after the exchange has been broken into, which was stolen more than half a billion dollars.
Earlier it was reported that the regulator came to the conclusion that the exchange has improved the protection and safety after in April of last year, it acquired the online broker Monex. In addition, Coincheck compensated for its users losses in the amount of 46 billion yen and changed the rules of listing coins on the platform.
The launch of cryptocurrency exchanges DX.Exchange
On Monday, 7 January, was previously announced the launch of cryptocurrency exchanges DX.Exchange, which is based on the infrastructure of the NASDAQ. At the initial stage it was planned auction of six leading scriptactive, but this line has been expanded and now includes BTC and ETH, which are claimed as the base currency, and USDT, LTC, BCH, DASH, XRP, Enigma (ENG), OmiseGo (OMG), Cardano (ADA), ShareToken (SHR) and Digibyte (DGB). Supported Fiat currencies include USD, EUR, GBP and JPY.
In addition, in early January DX.The Exchange announced that the exchange will be traded licenzirovanie shares of top companies from listing on the Nasdaq stock exchange. However, users will be able to purchase them both cryptocurrency and Fiat.
The launch of the new platform, however, was somewhat marred by a discovered vulnerability, opening access to the authentication tokens. DX.Exchange soon published a statement which said that the problem was quickly resolved and no catastrophic consequences occurred.
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