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

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 altcoin Ripple (XRP) has lost about 0.59 percent during the last 24 hours, and is trading at $0.299 at press time. In terms of its weekly performance, the altcoin began to see a slight decline after reaching its 7-day high price point of around $0.332 on Jan 30. Ripple 7-day price chart. Source: CoinMarketCap The third largest coin by market capitalization, Ethereum (ETH) is up a slight 1.7 percent on its weekly chart, while the coin’s monthly performance down by over 28.53 percent. At press time, the altcoin is trading at $107.65, down around 0.30 percent over the past 24 hours. ETH’s market cap is around $11.2 billion at press time. Ethereum 7-day price chart. Source: CoinMarketCap EOS is seeing less than 1 percent losses over the day as well, trading around $2.40 at press time. The fourth largest cryptocurrency has registered gains of around 4.73 percent during the past week, while on its monthly chart EOS has shown a 12 percent loss. Today, EOS.io, the company behind the cryptocurrency EOS, handed over bug bounties for five critical vulnerabilities this year. Five of those bounties are equivalent to $10,000 each, which is the highest possible payout reserved by the company only for the most critical vulnerabilities. EOS 7-day price chart. Source: CoinMarketCap According to CoinMarketCap, the main gainer over the day is Binance Coin (BNB), which is up by around 9.41 percent and is trading at around $7.78 to press time. The market capitalization of all 2,078 cryptocurrencies on CoinMarketCap is around $113.7 billion at press time, while the trading volume is around $16.3 billion. Yesterday, Cointelegraph reported that since the beginning of 2019, digital currency exchanges have reportedly registered lower trading volumes, marking new…

Twitter CEO Jack Dorsey Becomes Latest to Take Bitcoin’s ‘Lightning Torch’

Twitter CEO Jack Dorsey Becomes Latest to Take Bitcoin’s ‘Lightning Torch’

Bitcoin’s “lightning torch” saw none other than Twitter CEO Jack Dorsey snatch up the ongoing payment experiment and pass it on Tuesday. As CoinDesk reported today, users have been passing around a so-called “lightning torch” – a running game wherein each participant adds a little bitcoin to a payment, then passes it onto someone on Twitter that they trust – in order to spread awareness of the technology, widely seen as the future of bitcoin payments since payments are fast and scalable. With Dorsey’s participation, the payment has now reached roughly 2,860,000 satoshis (worth nearly $100 at the time of press). To date, roughly 150 people have taken part in what has become a global exercise. Crypto podcast host Matt Odell was the one nudging Dorsey to participate, tweeting: “You ready to carry the torch? Send me an invoice for 2,860,000 sats.” Perhaps a bit unexpectedly, Dorsey responded on Twitter the next day, posting an invoice – similar to a regular invoice in that it’s used to request and retrieve a certain amount of funds. Odell then sent the necessary funds to Dorsey, before Dorsey tweeted simply: “Cool example of #BitcoinTwitter experimenting on the lightning network.” Dorsey didn’t have the torch for long. He quickly sent it on to Lightning Labs CEO Elizabeth Stark, as the point of the game is to keep passing it along Dorsey is also CEO of Square, a payment app. Dorsey is an investor in Lightning Labs and has said positive things about the technology in the past. After his initial tweet Tuesday, Dorsey responded to a user saying that he holds bitcoin but no other cryptocurrency. “Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” he went on to write. Speaking at CoinDesk’s annual Consensus conference last year, he said he hopes that bitcoin will become the internet’s “native currency.” Jack Dorsey image via CoinDesk 

Blockchain.com Launches New Bitcoin Cash Block Explorer

Blockchain.com Launches New Bitcoin Cash Block Explorer

Wallet provider Blockchain.com has started offering a new tool for users to peer into the inner workings of their cryptocurrency. The company has launched a Bitcoin Cash (BCH) block explorer that allows people to search for transaction hashes, blocks and addresses on the BCH blockchain. Also Read: Bitcoin Cash Clothing Charity Expands to a Dozen Cities Across Canada New BCH Blockchain Explorer Blockchain.com, the popular cryptocurrency wallet provider, has announced the launch of a new Bitcoin Cash (BCH) block explorer. The company explained, for the benefit of individuals who may be unfamiliar with the concept, that they can think about the tool as a browser for the blockchain. It allows users to search for detailed information on specific BCH blocks, check whether a transaction has confirmed, view the balance of a wallet address, monitor market prices, and even watch real-time network transactions. “As more cryptocurrencies develop and grow, providing direct access and insight across networks is crucial. Blockchain Explorer is the most trusted source for blockchain data. Our focus has always been on providing the most up to date and accurate information available,” the Blockchain.com team stated on Feb. 4. “Today, we’re excited to introduce Bitcoin Cash to the existing lineup of supported cryptocurrencies on our Explorer. You can now search for BTC/ETH/BCH transaction hashes, blocks and addresses in a single search bar.” Why Bitcoin Cash? The BCH tool is only the third block explorer supported by Blockchain.com after Bitcoin Core (BTC) and Ethereum (ETH). When the company launched another service last month the team mentioned that it has received more questions about bitcoin cash recently than any other crypto asset supported by the Blockchain Wallet. In January the company launched an educational tool called Blockchain Primers. The service is intended to provide a relatively concise overview of each crypto asset including background material, the latest market data and analysis. The first report issued on it was an introduction to BCH, whose advantages over BTC, according to the research, include greater maximum onchain transaction capacity/throughput, lower average transaction fees, and additional smart contract functionality. What do you think about the new Bitcoin Cash (BCH) block explorer from Blockchain? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions…

Users of Crypto Wallets Electrum and MyEtherWallet Face Phishing Attacks

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 a warning about a phishing email that was sent to users, asking them to divulge personal information: Attention #MEWfam, There’s another phishy email going around asking users to give up personal information. Don’t believe the hype! #1. We will never email you first (only reply to support).#2. We will never ask for your private key (or other sensitive info).#3. Be skeptical! pic.twitter.com/654TLIt5ar— MyEtherWallet.com (@myetherwallet) February 4, 2019 One user on Reddit found that a phishing scam attempting to steal sensitive data from Electrum customers was posing as a security update. Redditor exa61 posted a picture of a system message, allegedly from Electrum wallet, requiring a security update to Electrum 4.0.0, while the latest version of the wallet is currently Electrum 3.3.3. The latest version of Electrum (version 3.3.3) will notify users when a new release of Electrum is available. Release announcements are signed by us, and verified by Electrum using a hardcoded Bitcoin address. This feature is optional and can be disabled. https://t.co/Y2DXoUyOgk— Electrum (@ElectrumWallet) January 26, 2019 In the thread, one user pointed out that it was “the second cluster of reports of the same phishing, and the first one was at the end of December 2018,” adding that the would-be hacker could have “100 GitHub accounts.” Electrum subsequently published a warning on their website, notifying that “versions of Electrum older than 3.3.3 are vulnerable to a phishing attack, where malicious servers are able to display a message asking users to download a fake version of Electrum.” The company warned its users to not download software updates from other sources. Recently, an unidentified hacker or hacker group purportedly detected a security vulnerability in the LocalBitcoins forum and linked it to a phishing forum. In…

LedgerX Unveils Betting Market for 2020’s Bitcoin Block Reward Halving

LedgerX Unveils Betting Market for 2020’s Bitcoin Block Reward Halving

The bitcoin block reward will be cut in half next year – and soon, market watchers can place bets on exactly when the subsidy halving will happen. According to one estimated date, the halving will occur in late May 2020, but the precise time could shift slightly depending on the pace of blocks on the network and factors such as variance and miner luck. While not exact at this point in time, LedgerX is giving those who analyze the network a means to bet on when the halving will occur. In a blog post announcing the new product, LedgerX contended that such an offering presents a particularly effective hedging instrument for bitcoin miners, explaining: “Bitcoin is unique in that there is a fundamental economic risk that is binary. To give an analogy, imagine you are an oil producer such as Exxon Mobile and know that one day in 2020, the number of barrels of oil you extract will go down by half, forever. But you’re not certain which date that will be. This would materially impact planning for investment and operations.” For those unfamiliar with this particular nuance of the bitcoin network, each block receives a reward in bitcoin to the miner who successfully creates it. The reward began at 50 BTC per block, and that reward cuts in half every 210,000 blocks. With two prior halvings, the reward is currently 12.5 BTC per block, and is set to fall to just 6.25 BTC per block. The central question posed by LedgerX’s new product is this: when will block number 630,000 be forever stamped onto the blockchain? Through the firm, participants can buy contracts that set a specific time that the halving will occur. If it happens after that time, they won’t pay out. To begin with, LedgerX will offer five different contracts, ranging from March 27 (the riskiest, so it should have the lowest price) to July 31 (the safest, so it should have the highest). The date the contracts will begin selling and trading remains to be determined, but LedgerX expects it will be this quarter. Opening day will be determined by client interest, and more dates could be offered for more precise bets depending on market interest. LedgerX will make a small fee…

PR: Coinseed Announces Its SEC Filed Crowdfunding Campaign

PR: Coinseed Announces Its SEC Filed Crowdfunding Campaign

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Coinseed is a platform for spare-change investment and cash back rewards in crypto. Since they launched in Dec 2017, they have acquired nearly 20k users through organic growth and built several new features. As they are now preparing to scale up the business, Coinseed launched its SEC filed crowdfunding campaign and you can join here. Crypto is still confusing and intimidating to most people as well as its still a very risky sector. Coinseed solves these exact problems in a streamlined way. Users start out by simply linking their credit or debit card to the app then picking their investment portfolio. As users make purchases on those linked cards, the spare change (roundup to the next dollar) will be going into their investment portfolio which can consist of up to 13 different coins on the platform. Users can also earn free crypto by shopping online or offline using their linked cards. In other words, people receive their cash back rewards in crypto. Coinseed names this feature Crypto Back and you can earn up to 10% on your online purchases and 1% on your offline purchases such as restaurants, coffee shops and bars. This whole experience eases people into crypto and make them learn about crypto by actually doing it as well as earning it. Coinseed has multiple other features such as simulated trading environment where people can practice their trading skills or weekly trading tournaments which anyone can participate to win $250 each week. Coinseed is currently only available in the US. Check out its SEC registered campaign and all related information here. If you have any question, please contact them at support@coinseed.co. Link: https://coinseed.app.link/MBPM2LKeWTSEC registration: https://www.sec.gov/cgi-bin/browse-edgar?company=coinseed&owner=exclude&action=getcompany Contact Email Addresssupport@coinseed.co Supporting Linkhttps://coinseed.co This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or…

Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug

Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug

The company behind the privacy-minded cryptocurrency zcash has revealed that it fixed a catastrophic code bug last year that could have been used to print infinite coins. According to a report published Tuesday, zcash cryptographer Ariel Gabizon discovered a “subtle” bug a little less than a year ago in zk-SNARKS, the bleeding-edge cryptography the cryptocurrency uses to shield balances and user identities, which are implemented so that outsiders can’t see financial information users want kept to themselves. Once the zcash team found out about the bug, they kept it quiet and pulled together a fix, which they then added to zcash’s large Sapling upgrade, which was executed October last year. Today, though, is the first time the company has revealed it to the larger public. If exploited, an attacker would have been able to print an infinite amount of zcash tokens. The blog post, written by zcash marketing director Josh Swihart, director of product security Benjamin Winston, and engineer Sean Bowe, explained: “Prior to its remediation, an attacker could have created fake Zcash without being detected. The counterfeiting vulnerability has been fully remediated in Zcash and no action is required by Zcash users.” Because zk-SNARKs are so bleeding-edge, some have criticized zcash for using the technology so early on. (It’s so early stage that zcash is the largest implementation that uses the cryptography so far.) Plus, due to the nature of the privacy technology, which shields data, it’s difficult to know for sure whether tokens have been counterfeited. Still, the team added that they don’t think zcash was at risk of the counterfeiting bug for a number of reasons, including “discovery of the vulnerability would have required a high level of technical and cryptographic sophistication that very few people possess.” And indeed, some have applauded the team’s handling of the bug – including famed NSA whistleblower Edward Snowden. “A lot of people wonder why I like #Zcash despite the Founder’s Reward. Here’s a reason: that tax funds a quality team that catches and kills serious bugs in-house, before they get exploited,” he tweeted. “Some other projects learn about bugs like this only AFTER people have lost money.” Zcash image via Shutterstock

Announcing Bitcoin (BTC) Support on Coinbase Wallet

Announcing Bitcoin (BTC) Support on Coinbase Wallet

Starting today, you can now store your Bitcoin (BTC) directly in the Coinbase Wallet app. Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin is an important next step in that direction. The new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week. Bitcoin support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select Bitcoin to send BTC to your Coinbase Wallet. Coinbase Wallet supports both newer SegWit addresses with lower transaction fees, as well as Legacy addresses for backwards compatibility in all applications. And, as always, your private keys are encrypted on your phone using Secure Enclave technology, to bring you best-in-class security. This specialized hardware is considered the most secure way to safeguard private data on mobile devices. Wallet also supports the Bitcoin Testnet to aid developers and power users. You can switch to the testnet from the Advanced Settings section of the Settings tab. As announced previously, we’re also working on support for Bitcoin Cash, Litecoin, and other popular cryptocurrencies. If you have only ever used the primary Coinbase app (or Coinbase.com), we encourage you to check out Coinbase Wallet. The Coinbase Wallet app is Coinbase’s user-controlled cryptocurrency wallet. With Coinbase.com, you can buy crypto and Coinbase stores it (along with your private keys) for you; with Coinbase Wallet, you store your own crypto (safeguarded by a private key that only you know). To learn more, visit our website. We hope you enjoy using Coinbase Wallet. Your feedback helps us make Wallet better for everyone. You can reach us at wallet.support@coinbase.com. Unless otherwise noted, all images provided herein are by Coinbase.

Five Critical Vulnerabilities Discovered in EOS in 2019, HackerOne Data Shows

Five Critical Vulnerabilities Discovered in EOS in 2019, HackerOne Data Shows

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. Five of those bounties are equivalent to $10,000 each, which is the highest possible payout reserved by the company only for the most critical vulnerabilities. The Tron Foundation, the company behind the cryptocurrency Tron, also awarded four bounties in January — one of them for the most critical level of bugs — spending $22,700 in total. Vulnerabilities have also been already discovered in other crypto companies this year. Namely, two bounties have been awarded by Cobinhood and one by Coinbase for bugs found in the low vulnerability tiers. All of the vulnerability reports that have been awarded a bounty cited in this article are undisclosed, and the details of the vulnerabilities discovered are not public. EOS has kept its price stable on the day at press time, losing only about half of a percent of its value in the past 24 hours and trading at $2.40. As Cointelegraph reported in December last year, researchers were awarded $878,000 in 2018, with EOS.io being reportedly responsible for 60 percent of all the bounties handed out over the whole year. China recently released its latest government-sponsored rankings of major cryptocurrencies. In this report, EOS kept its top spot, while Bitcoin (BTC) came in 15th.

Breaking: Lawyers Might Sell QuadrigaCX to Settle Debts

Breaking: Lawyers Might Sell QuadrigaCX to Settle Debts

A court-ordered lawyer will get the encrypted laptop of recently deceased CEO of major Canadian crypto exchange QuadrigaCX Gerald Cotten, Canadian broadcast network CBC reports Tuesday, Feb. 5. According to CBC, the laptop that might provide access to $190 million of QuadrigaCX customer funds will be given to a monitor — an independent third party who is appointed by the court to monitor the company’s operations during bankruptcy procedures. According to Jack Julian, CBC’s reporter who is attending the hearing in Nova Scotia’s court today, Feb. 5, the laptop was previously held by QuadrigaCX representatives. As the assets were stored in a cold wallet, the court believes that the QuadrigaCX case is not a typical bankruptcy. The creditors might consider changing the jurisdiction to proceed with the case, Julian writes in his Twitter, citing the monitor. CBC’s reporter also adds that QuadrigaCX has asked for a 30-day stay of proceedings — which will end on Mar. 7 — to search for the $190 million that is apparently inaccesible following Cotten’s death. In case the keys are not found, the lawyers representing QuadrigaCX are considering selling the company in order to satisfy the debts. Canadian cryptocurrency exchange QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018. As some of the customers have expressed their concerns about Cotten’s death, Coindesk has recently published a death certificate, issued by the Government of Rajasthan’s Directorate of Economics and Statistics, which was obtained from an informed source. It states that Gerald William Cotten died on Dec. 9, and Jennifer Robertson is mentioned as his widow. According to a January affidavit filed by Cotten’s wife, the exchange apparently has no access to its wallets, and the CEO had not left evidence of passwords. The reported number of users affected is 115,000, with around $250 million CAD ($190 million USD) in cryptocurrency and fiat currency lost.