Hackers Liquidated $3.2 Million in Tokens From Cryptopia Hack

The hack, which is seemingly the first major security breach of 2019, was announced by the platform on Jan. 15. The exchange said that the hack occurred on Jan. 14. Cryptopia initially toldusers it was undergoing unscheduled maintenance, issuing several updates before officially reporting the breach.On Jan. 20, Elementus reported that as much as $16 million worth of Ethereum (ETH) and ERC20tokens were stolen. The attack continued for two weeks following the initial breach as the exchange had not regained control of its wallets. Hackers stole and additional 1,675 ETH ($175,875) from 17,000 Cryptopia wallets, with Elementus stating that, among the 17,000 affected wallets, 5,000 were emptied when the platform was first breached, but subsequently refilled.Following the Jan. 15 announcement of the hack, Cryptopia informed government agencies and authorities like the High Tech Crimes Unit and the New Zealand Police, who have reportedly opened an investigation after considering the incident a major crime.

Bitcoin Cash (BCH) Spikes 7.5% to 7-Day High but Concerns Remain

At 1130 GMT, the BCH/USD pair was trading at $129.83 according to aggregated data provided by CoinGecko.com. The total market cap, at the same time, was close to $2.282 billion, Bitcoin Cash’s best since January 15, 2019, while its 24-hour adjusted volume was above $256.244 million.In comparison, other top cryptocurrencies underperformed. While Bitcoin’s valued surged by a modest 2%, XRP and Ethereum also jumped 1.6% and 2.2% on a 24-hour adjusted timeframe. Only EOS and Tron came closer to Bitcoin Cash concerning substantial gains. Both the blockchain assets appreciated more than 5% against the dollar.As visible in the Coinbase chart above, the Bitcoin Cash surge took place merely around its current support area near $119.64. Similarly, an active resistance area to the upside capped the rally from maturing further – as it did in four different occasions since January 17. It explains that Bitcoin Cash – at best – must be consolidating within a strict trading channel while awaiting breakout.
“MACD and RSI rising, Buy Signal from the UCTS at the 6h chart,” wrote Nico. “EMA50-100 & 200 between here and potential target at 0.04sats so pay attention for any pullback in the road.”

Major Currencies Gradually Roll Back After Short Recovery, Bitcoin Stays Over $3,600

BTC has been trading sideways during the last 24 hours, but the coin is still above over its psychological threshold of $3,600 at press time. As Cointelegraph previously reported, the top currency gained over $200 in value on Friday, Feb. 8, hitting $3,691 at some point during that day.Ripple (XRP) — currently the world’s second-largest cryptocurrency — has seen almost a 3 percent decline and is now trading around $0.3. Its market capitalization has shrunk in last 24 hours to a total of $12.5 billion in comparison to yesterday’s $12.7 billion.However, XRP still surpasses Ethereum (ETH), the next largest crypto, by market cap. ETH has also lost over 2 percent in price throughout the day and is hovering around $115. Its market cap is now around $12.3 billion after reaching $12.5 billion at some point on Saturday, Feb. 9.Moreover, the commissioner of the United States Securities and Exchange Commission Heister Peirce, who is labeled “Crypto Mom” for her attitude to the industry, spoke out on the regulation issues in U.S in a recent speech. She believes that the lack of clear legal framework for crypto allows technology to come into its own.

Top 5 Crypto Performers Overview: Litecoin, Binance Coin, EOS, Dash, Monero

Tron (TRX) and Binance Coin (BNB) are two of the major cryptocurrencies that leaped ahead while Bitcoin continued to languish in a tight range. This shows that the traders are not waiting for Bitcoin to lead the market out of its crushing bear phase.However, positive comments by Robert J. Jackson Jr., the United States Securities and Exchange Commission’s (SEC) only Democratic commissioner, on the possibility of a Bitcoin exchange-traded fund (ETF) getting the green light from the regulator have soothed sentiment.Litecoin jumped to the fourth position by market capitalization following the spike on Feb. 8. Has the cryptocurrency turned the corner and is on its way up, or is this just a flash in the pan that will die down quickly? Let’s look at the charts to find out.All the lucky BTT investors are currently sitting on huge gains. Hence, the interest in the next sale of the FET tokens is likely to be similarly high. Is this a sign of revival of the initial coin offering (ICO) market? It is too early to confirm, but it is certainly a positive sign.The investors are favoring select cryptocurrencies and EOS is one of them. It has risen by about 17 percent this week, taking the spot of the third-best performer.Nevertheless, if the bulls break out of the range, a rally to $81 will be probable. The 20-week EMA might offer a minor resistance, but we expect it to be scaled. However, $81 might act as a stiff resistance. If the cryptocurrency breaks out of it, we can expect a rally to $150.

Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

Initially, the company wrote that the platform was unavailable only “to some users” and apologized for the inconvenience, without specifying a cause for the outage.After remaining inaccessible to users for a little over two hours, the exchange announced it is back up and running with full functionality.Bitfinex is currently the world’s 18th largest crypto exchange by adjusted daily trade volumes.More recently, Canadian crypto exchange QuadrigaCX has become embroiled in controversy following the sudden death of its CEO. According to the exchange, the firm has lost access to users’ funds — allegedly stored on cold wallets — because its CEO was the only person with access to them.

Binance CEO CZ: Crypto Growth Needs Entrepreneurs and Projects, Not ETFs

When asked to comment on the recent controversy surrounding cryptocurrency exchange QuadrigaCX, Zhao said that, while he does not want to comment on other exchanges, “there’s something fishy going on.”Recently, news broke that following the sudden death of its founder Gerry Cotten, Canadian cryptocurrency exchange QuadrigaCX is reportedly missing CA$190 million dollars ($145 million) in digital assets. As Cointelegraph recently reported, though the exchange has taken to court to avoid the collapse, some community members suggest that QuadrigaCX’s cold wallets never existed.Binance’s CEO also said that while “there’s nothing going on right now” for the exchange, the firm is interested in adding Ripple (XRP) as a partner by using its xRapid system. As Cointelegraph explained when the system became commercially available in October 2018, xRapid is a real-time settlement platform designed to speed up international payments sourcing liquidity from XRP.In a tweet Feb. 2, CZ stated that he believes online retail giant Amazon cannot avoid issuing its own altcoin eventually.

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

As reported, BitTorrent launched its BTT token this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was acquired by decentralized internet startup TRON.According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting TRON (TRX), Bitcoin (BTC) and Binance Coin (BNB) payments for premium services. With the addition of BTT support, users can now reportedly use the token to pay for BitTorrent and µTorrent Pro subscriptions, which offer file conversion, HD quality streaming and malwareprotection.As reported, the roadmap for TRON and BitTorrent’s mutual integration has been dubbed “Project Atlas,” which aims to create a decentralized content distribution platform using cryptocurrency. As of press time, TRON (TRX) is ranked as the 8th largest cryptocurrency by market cap, and is trading at around $0.0258, up 0.25 percent on the day

New Instance of Monero Malware Sees Cryptojackers Target Linux Users

Findings from the Special Ops team at United States cybersecurity company JASK reveal a modified version of trojan Shellbot has become increasingly prevalent since its debut in November last year.The latest threat specifically targets users of devices running Linux. In mid-January, research from Palo Alto Networks found another Monero-mining malware targeting Linux users that had the ability to disable cloud-based security measures to avoid detection.Malware detections shot up almost 500 percent in the first half of 2018, while a survey in August 2018 claimed that in the United Kingdom alone, over half of businesses had been affected by cryptojacking at some point.This year, separate statistics suggested that around 4.4 percent of all XMR in circulation came from nefarious sources.

Amazon ‘Will Have to’ Create Its Own Crypto in Future, Binance CEO Says

Discussing the internet business sector more broadly, Changpeng Zhao — CEO of top crypto exchange Binance — said it was not so much a question of if, as of when Amazon will issue its own coin.Such rumors periodically appear in the press, including those that Amazon could integrate Bitcoin (BTC) as a payment method.Zhao made his statement the same week Twitter’s own CEO, Jack Dorsey, repeated his forecast that the internet itself will end up using a default currency, specifically Bitcoin.Speaking on the Joe Rogan Experience podcast released Feb. 2, Dorsey cautioned that although he could not be sure that Bitcoin would ultimately fulfil this role, the largest cryptocurrency appeared to be the clearest choice.“It was something that was born on the internet, was developed on the internet, was tested on the internet; it is of the internet,” he said.

Indian Gov’t Committee Is Worried About Crypto’s Impact on Rupee’s Stability: Report

According to the article, the source further explained that the “overall impact on the financial ecosystem that it is likely to have is still unclear and it has been a challenge to convince them on this particular point.”The article suggests that such concerns have been spurred by a report released by the Bank of International Settlements (BIS) in March. As Cointelegraph reported at the time, the banking giant suggested authorities “continue their broad monitoring” of digital currencies outside centralized control. The BIS also warned that even central bank-issued digital currencies (CBDCs) could be a threat to financial stability.Later that month, news broke that the governmental committee had reportedly suggested that cryptocurrencies should be legalized in the country. Moreover, in January, the RBI reportedly gave up its crypto-rupee plans, as the results of a study on stablecoins conducted by an interdepartmental group proved unsatisfactory. In response to the ban, multiple crypto-related businesses filed a suit against the bank in the country’s Supreme Court, with the legal outcome still unclear.