Hackers Steal as much as 10 percent of New Cryptocurrency Funds (Digital Trends)
The decentralized nature of cryptocurrencies and their underlying blockchain technologies offer advantages over traditional funding and transactional platforms, but they are a boon for hackers, too. A new report on the initial coin offerings (ICO) of new cryptocurrencies claims that as much as 10 percent of all early investor funds are stolen by hackers. Although bitcoin and other alternative cryptocurrencies have been on the rise in recent years, the boom they saw in 2017 was partly driven by an increase in the number of ICOs.
Goldman Sachs Warns Investors of Bitcoin ‘Bubble’ in New Report (CoinDesk)
Goldman Sachs has claimed that bitcoin is a bubble bigger than the dot-com era and the famous Dutch tulip mania. In a research letter to investors, the banking firm’s analysts warned about the increase in cryptocurrency values, highlighting the price moves in bitcoin and ether, as well as the stock price increases for companies which pivot to blockchain. One example, The Crypto Company, saw its price jump more than 17,000 percent before the U.S. Securities and Exchange Commission halted trading, according to the report.
World’s Biggest Bitcoin Exchange Wins Backing for European Launch (Irishexaminer.com)
BitFlyer, the world’s largest Bitcoin exchange, has been given the green light for a European launch. The Tokyo-based firm has been awarded a payment institution (PI) licence for the European Union, building on its regulatory approval in the US and Japan. BitFlyer handles about a quarter of the globe’s Bitcoin exchange volumes, with more than $250 billion worth of Bitcoin being traded on its platform last year. Despite the hysteria surrounding the virtual currency, Bitcoin has endured a choppy ride since the end of 2017. It has fallen from December highs of nearly $20,000 to $10,624.42 on January 22, according to Coindesk data.
StocksChinanet Online Holdings (CNET) Stock: Headed For The Top On Blockchain News (CNA Finance)
Chinanet Online Holdings Inc (NASDAQ: CNET) is having an overwhelmingly strong start to the day in the market today, and for good reason. The company announced news associated with the blockchain, and as we’ve seen from other publicly traded companies, this news has led to some seriously dramatic gains. Today, we’ll talk about the update, what we’re seeing from CNET, and what we’ll be watching for ahead.