Troubled Crypto Exchange QuadrigaCX Goes Offline for ‘Maintenance’

Troubled crypto exchange QuadrigaCX, whose customers have been unable to withdraw funds for months, has been inaccessible for several hours. The Canadian company, which has faced a prolonged banking fight and said its CEO and founder died last month, blamed a system upgrade for the Monday outage. It was not immediately clear when the exchange would go back online. The company did not post any updates about the situation to its Twitter or Reddit pages, though users of both platforms complained about issues accessing the platform throughout the day. Moreover, the…

BTC Bullish, Bears Yet to Reverse Dec 2018 Gains

Bitcoin price down 4.2 percent at the time of press Jan Van Eck says Bitcoin investors liquidating to Gold Transaction volumes low, bulls have a chance Prices are down 4.2 percent in the last 24 hours but even so, Bitcoin bulls have a chance. A combination of fundamentals and supportive candlestick arrangement mean buyers can still recoup today’s losses and print new highs in days ahead. Bitcoin Price Analysis Fundamentals It has been 11 years of unimaginable price movements, and at one time, Bitcoin changed hands at a whopping $20,000…

BTT Token Sale Marked By Sharp TRX Price Declines

Tron prices drop 11.7 percent BTT token sale in progress at Binance Launchpad Transaction volumes pick up, bulls still in control Asset prices may be dropping, but TRX is still a top performing coin. It is up one spot in the liquidity ranking displacing XLM as the eighth most valuable. While sellers are firmly in control, we expect support at 2.5 cents before prices snap back to trend and rally to 4 cents. Tron Price Analysis Fundamentals There has been a reshuffle, and TRX is now the eighth most valuable…

Tether Replaces EOS to Become 4th Largest Crypto, Shows Market is Very Weak

Stablecoin Tether (Ticker: USDT) has replaced EOS to become the fourth largest cryptocurrency by market capitalization, showing weakness in crypto markets. The inclination follows the cryptocurrency market’s depressive performance this Monday. Over the last 24 hours, the price of all the top coins, including Bitcoin, Ripple, Ethereum, and others, trended in a negative region. Similarly, the value of EOS, Bitcoin Cash and Litecoin also slipped heavily on a 24-hour basis. Tether Chart on CoinMarketCap.com In contrast, Tether’s USDT traded at around $1.01 and the stablecoin saw appreciation in its market…

Binance’s BitTorrent Token Sale Sells Out in Minutes Amid Technical Issues

A public sale of 59.8 billion BitTorrent Tokens (BTT), worth roughly $7.2 million, sold out in a matter of minutes on Binance’s Launchpad earlier today, despite technical difficulties that frustrated some users. At 3:00 UTC, the token sale platform opened its doors to BTT investors through two separate sale sessions, one for those paying with the token native to the Tron blockchain, TRX, and the other for those paying with Binance’s native exchange token, BNB. Each BTT token was valued at $0.00012 during the sales, according to sale information posted…

Crypto Startup Wants You to Trade on Exchanges Without Trusting Them

A new protocol aims to allow crypto users to maintain control of their private keys while trading on centralized exchanges. Arwen, a startup formerly known as Commonwealth Crypto, launched a testnet version of its namesake protocol Monday. CEO Sharon Goldberg described it as “a layer-two protocol specifically for trading.” In other words, trades will take place off-chain. As Goldberg explained: “You put a smart contract on a blockchain where it locks up coins and once it’s locked up, you can do all sorts of transactions … without posting those transactions…

Main Takeaways From Davos WEF

This year’s World Economic Forum (WEF) Annual Meeting has finished, and it’s time to recap the highlights. The forum — held in Davos, Switzerland, as per tradition — lasted from Jan. 22 to 25. Similar to the last year, cryptocurrencies were one of the major talking points in Davos. In general, it seems that the “Blockchain before Bitcoin” attitude prevailed this time, as the overall positive outlook on the technology coincided with a significant portion of crypto-bashing. WEF announced Global Council on Blockchain, co-chaired by BitPesa founder As one of…

Chat App Kik Says It Will Fight SEC Over Possible ICO Action

Canada-based messaging app company Kik is reportedly planning to fight a likely U.S. Securities and Exchange Commission (SEC) enforcement action over its 2017 initial coin offering (ICO). According to a report from The Wall Street Journal on Sunday, Kik founder and CEO Ted Livingston said that the firm’s token, kin, works like a currency and is not “an unregistered security” as believed by the SEC. Kik raised almost $100 million via a sale of the token last September. With ICOs having diminished in number, in part due to the threat of…

Social Media Platform Kik Promises to Challenge Proposed SEC Enforcement Against Its ICO

Tokenized social media startup Kik has warned United States regulators that they would fight back against a proposed enforcement action against the company, the Wall Street Journal (WSJ) reported on Jan. 27. Canada-based Kik is facing a prospective enforcement action over an alleged securities infraction, after the U.S. Securities and Exchange Commission (SEC) judged its 2017 initial coin offering (ICO) to have involved the sale of unregistered securities. The startup is reported to have raised around $100 million in “kin” tokens for its chat-based social media network — which can…

Bitcoin Price Looks South After Drop to Six-Week Lows

Bitcoin ended a two-week period of consolidation with a drop to six-week lows earlier today. The leading cryptocurrency by market value fell below $3,470 at 04:45 UTC, confirming a downside break of a triangle pattern. That range breakdown was followed by a quick slide to $3,357 – the lowest level since Dec. 17 – according to Bitstamp data. A prolonged period of consolidation usually yields a big move in the direction of the breakout. For instance, BTC ended a multi-week-long trading range with a move below $6,000 on Nov. 14…