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Writer's pictureFahad H
Aug 7, 20193 min read

$190M CRYPTO LOST – SYSCOIN UPDATE – RIVETZ PRODUCT LAUNCH


On this weeks present the New Kids On The Blockchain convey you all the most recent crypto and blockchain information and are joined byJag from Syscoin giving us the thin on what they’ve been up together with the thrilling launch of sys 4.0. Also chat to Steven from Rivetz in regards to the launch of their new {hardware} assisted authenticator for android telephones.

?NEWS ROUNDUP

?FIRST UP FROM COINMARKET CAP AT TIME OF PRESS (SATURDAY 11AM)

The market cap is simply over $114.5 billion with most high ten cash seeing minor features in th final 24 hours

From Coindesk Bitcoin Is Now Officially In Its Longest Bear Market Ever

Bitcoin has formally entered the longest stretch of declining costs in its 10-year historical past. The world’s oldest and most respected cryptocurrency achieved an all-time excessive of $19,764 on Dec. 17, 2019 on the CoinDesk Bitcoin Price Index and has printed a sequence of lower cost highs ever since, making February 2 (as per UTC time), the 411th consecutive day costs have been in decline. 

As such, bitcoin’s newest stretch surpasses the length of the notorious 2013-2015 bitcoin bear market, which spanned 410 days from its worth excessive to low.

?From Coin Telegraph Wyoming Passes Bill to Recognize Cryptocurrencies as Money

In the United States, the state of Wyoming handed a invoice that may permit for cryptocurrencies to be acknowledged as cash on Jan. 31, in accordance with the state legislature web site.

On Jan. 18, Wyoming laws introduced the invoice, which might assist to make clear the classification of cryptocurrency.

As reported by Cointelegraph earlier this month, the invoice will place crypto property into three classes: digital shopper property, digital securities and digital currencies. Any digital property that fall into these three classes shall be outlined as intangible private property, granting digital currencies the identical remedy as fiat cash.

?From Coin Desk $190M Crypto Gone Forever, How Canada’s Biggest Bitcoin Exchange Lost it All

QuadrigaCX, the most important bitcoin trade in Canada, has misplaced $190 million value of crypto after it misplaced entry to its chilly storage wallets. An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin Cash, Bitcoin Cash SV, Bitcoin Gold, Litecoin, and Ethereum have been misplaced.

In the case of QuadrigaCX, the now deceased founder and CEO was solely liable for overseeing the funds, and since he handed away, nobody may entry the funds that he beforehand maintained.

?From Coin Telegraph UK Crypto Liquidity Provider Receives Financial Regulator’s Approval

United Kingdom crypto liquidity startup B2C2 OTC Ltd. has acquired approval from the nation’s Financial Conduct Authority (FCA) on Wednesday, Jan. 30, in accordance with a document within the FCA’s register.

A separate press launch notes that B2C2, which additionally gives digital over-the-counter (OTC) buying and selling, can now supply contracts for distinction (CFDs) to eligible counterparties {and professional} shoppers.

The agency’s co-founder, Max Boonen, believes the acceptance of the license will permit buyers to realize publicity to cryptocurrency markets whereas avoiding the dangers related to crypto custody.

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NB. All info shared right here is for info solely and shouldn’t be thought of any sort of monetary recommendation. Always do your personal analysis.

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