Chainalysis Report: Two Groups Responsible for Most Publicly Reported Hacks

Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week. According to the report, simply called the Crypto Crime Report, the groups generated around $1 billion of hacking revenues for themselves so far. “Hacking dwarfs all other forms of crypto crime, and it is dominated by two prominent, professional hacking groups,” the report states. “Together, these two groups are responsible for stealing around $1 billion to date,…

Wrap Your Head Around This: BTC Is Now Featured as a Token on Ethereum

It happened: Bitcoin is now an Ethereum token. Wrapped Bitcoin (WBTC), an ERC-20 token with a 1-1 peg to bitcoin, went live on the Ethereum network on the final day of January, “the first token that makes Bitcoin compatible with the Ethereum chain,” its architects say. Kyber Network, Bitgo and Ren spearheaded the “community led” initiative, which has spread its reach to AirSwap, BitGo, Blockfolio, Compound, DDEX / Hydro, Dharma, Gnosis, GOPAX, Kyber Network, Loopring Protocol, MakerDAO, OmiseGO, Prycto, Ren, Set Protocol, and TheOcean. These members of the WBTC DAO…

B2C2 Gets Go-Ahead from U.K. Regulators to List Bitcoin Derivative

B2C2, a cryptocurrency “liquidity provider” and electronic OTC trading magnate, has recently announced that British regulators have given their U.K.-based subsidiary approval to offer the crypto space a new investment derivative. According to a press release shared with Bitcoin Magazine, the British Financial Conduct Authority (FCA) has authorized B2C2 OTC Inc. “to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients.” The release went on to claim that “the FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets…

Binance Now Supports Crypto Purchases With Credit Cards

Binance has finally joined the fiat-on-ramp party, adding support for crypto purchases using credit cards. This is made possible through its integration with payment processor Simplex, according to a press release shared with Bitcoin Magazine. The credit card option has a daily limit of $20,000 per user and $50,000 monthly limit per user. For every transaction that goes through the Simplex gateway, a user will be charged 3.5 percent of the transaction or a $10 flat fee, whichever is higher. Users won’t be able to trade the fiat directly with…

Visa Partners with Ripple Associate

XRP prices bullish. Targets at 40 cents InstaReM join hands with Visa in the Fast-track Program Transactional volumes shrink but could rise as buy momentum pick up After SWIFT and Corda Settler announcement, InstaReM is now collaborating with Visa to enhance Fintech’s money transfer arrangement. Everything else constant, this is good news, and as XRP find support in lower time frames, it is likely that prices will inch higher towards 40 cents in coming days. XRP Price Analysis Fundamentals Latest news is that InstaReM—a money service provider that mainly serves…

Cboe Files (Again) for (Yet Another) Bitcoin ETF

That didn’t take long. Barely a week after the Chicago Board of Exchange (Cboe) withdrew its application with the U.S. Securities and Exchange Commission (SEC) to list the world’s first bitcoin exchange traded fund (ETF), the exchange and its partners, VanEck and SolidX, are back at it. Gabor Gurbacs, the director of digital asset strategy at VanEck Asset Management, broke the news on Twitter that the Cboe, on behalf of the joint initiative, had refiled for a rule change with the SEC to list the ETF. The filing has all…

QuadrigaCX Owes Customers $190 Million, Court Filing Shows

Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk. In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly $250 million CAD ($190 million) in both cryptocurrency and fiat. The company previously announced it had filed for creditor protection on its website, but the filing itself provides greater details about its predicament. As of Jan. 31,…

Bottom Line for TRX is Privacy, Justin Sun has Plans

Tron prices resume trend, up 1.6 percent in the last day Justin Sun plans to incorporate ZK-SNARKs and make TRX a privacy coin Transactional volumes must spike above 31 million reaffirming bulls and confirming current trend Days after a successful ICO, TRX bulls are back. It is likely that prices will expand above 4 cents. Besides, future additions of ZK-SNARKs will increase as the platform attracts privacy-centric investors. Tron Price Analysis Fundamentals BitTorrent’s BTT ICO may have been an overwhelming success indicating that Tron is indeed a central player in…

BTC Liquidity Takers, It’s All Over For QuadrigaCX

Bitcoin price ranging within a $155 zone QuadrigaCX is bankrupt Transactional volume low but set to increase as bull momentum pick up A Canadian crypto exchange, QuadrigaCX, has filed for credit protection asking the court to assign Ernst & Young Inc to overlook proceedings. Nevertheless, their folding didn’t affect BTC prices which are finding support at $3,500. It is likely that BTC will edge higher over the weekend and retest $3,800. Bitcoin Price Analysis Fundamental Analysis Its curtain falling for perhaps what was once the oldest cryptocurrency exchange focused primarily…

Fed Chair Concerned About $22 Trillion US Debt, is Bitcoin a Viable Alternative?

The US national debt now stands at $21.974 trillion, a 10% increase since President Donald Trump took over the oval office. And according to Jake Chervinsky, bitcoin is just the needle people need to pop the debt bubble. Fed Chair Jerome Powell, talking about the $22 trillion US debt: “I’m very worried about it, but from the Fed’s standpoint . . . the long-run fiscal non-sustainability of the US federal government isn’t really something that plays into . . . our policy decisions.” Buy bitcoin. — Jake Chervinsky (@jchervinsky) February…