Blockchain Market Update – February 7, 2019

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February 8, 2019 by
Blockchain Market Update – February 7, 2019

Electrum, MEWTweets and Reddit reports show that both Electrum and MyEtherWallet came under attack by phishing scheme. Fake error reports were being circulated that were prompting Electrum users to download a security update to fix it. Users were quick to catch on to misleading GitHub link that will install a compromised version of Electrum wallet, which will allow hacker access to stored coins—Other

SBI: Japanese financial giant announced it will launch crypto exchange VCTRADE on March. SBI Group already serves a customer base of 23M people, all of which will be given access to VCTRADE. Deposits and withdrawals of BTC, XRP, and ETH are already opened as the exchange prepares for launch. Support for BCH is also slated to be added at launch date—Project Development

CoinbaseAccording to DataLight, Coinbase tops Binance, Bittrex, and Bitfinex with largest number of US users – 8.5 million. This represents 60.14 percent of total number of users on platform. Meanwhile, Binance has 3.3 million users from U.S. Study also shows Binance is exchange with largest number of users from other countries other than the US, Russia, and Turkey—Exchange

OperaWeb browser is rolling out crypto-buying functionality to users of its Web-3-Ready browser in Sweden, Norway, and Denmark. Web 3 is an umbrella for Opera’s set of cryptocurrency and blockchain products, and it already has a built-in crypto wallet for Android which supports Ethereum and dApps interactions—Project Development

Abra: Adding feature to blockchain-based App that will allow global users to buy portions of traditional investment instruments. App would use Bitcoin blockchain and smart contracts technologies to support fractional investments in stocks and ETFs. App already offers investment in 50 fiat currencies and 30 cryptocurrencies—Project Development

CryptopiaElementus reports that $3.2M worth of stolen cryptos has already been liquidated through various exchanges. The bulk of cryptocurrencies were liquidated through Etherdelta, which saw $2M of the $3.2M already liquidated, followed by Binance at $333K—Exchange

NEM Foundation: Following financial issues facing the company, NEM releases its funding proposal and roadmap for 2019. If approved, NEM Foundation expects to increase enterprise adoption for its Catapult blockchain engine and improve their leadership, governance, and service to community—Other

MoneroNew instance of Monero malware sees cryptojackers targeting devices running Linux to secretly mine XMR with infected device. It was seen to be able to disable cloud-based security measures to avoid being detected. So far, separate statistics suggest that around 4.4% of all XMR in circulation came from illicit sources—Other

SIXSwitzerland’s principal stock exchange SIX Swiss Exchange will test blockchain integration for upcoming parallel digital trading platform SDX. CEO Jos Dijsselhof expects digital, blockchain-powered stock trading will minimize risk and widen range of tradable titles, with hopes to usher SDX as whole new stock market on blockchain—Project Development

“B2B reporter – Content Manager – Contributor – Fintech – Blockchain – Cryptocurrency”

Simon Chou is a B2B reporter and content manager specializing in technology and finance. He has worked with many clients in the fintech and blockchain space. He holds investment positions in bitcoin and other large-cap cryptocurrencies, and has been reporting on cryptocurrency since 2017. Currently, Simon is the content manager for a major cryptocurrency exchange @HybridBlockHQ.

Name Price
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
Bitcoin Gold (BTG)
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