After a mega-attack by a hacker that approximately had cost 58 billion Yen, Coincheck aims to tie-up to regain its investor’s trust. Coincheck is looking forward to increasing their security measurements, information disclosure policy and willing to continue the business according to Jiji Press.
A company that is an expert in instant cryptocurrency exchanges Bitfract by Shapeshift newly launched its new technology which enables the user to swap from one crypto to multiple cryptos in an instant. The service is for free and could support a variety of cryptocurrencies.
Cryptocurrency market rose up to $10,000 after continuous slight fall since the past days. According to CoinMarketCap, the total is up to $450 billion.
Recently Bitpay made some additional changes to its terms and condition which bans the payments to explicit contents, cloud-mining, and gambling. This move seems against the nature of bitcoin that was created to allow the users using the money from any control of the authorities.
BlackRock, Investment Management Company, foresees a more pervasive role for cryptocurrencies in future. The Global Weekly Commentary broadcasted by Richard Turnill, the investment strategist stated on wide usage of cryptos and added that only those who could bear complete losses consider them. However, cryptos continue to be volatile and risk-oriented.
Goldman Sachs as coined that its association with blockchain and cryptocurrencies as a potential business risk. The company revealed that they would be prone to risks associated with distributed ledger technology. The companies funded by Goldman Sachs and services to the client companies involved in financial products might attract risks as quoted in its annual filing.
Circle confirmed about acquiring Poloniex, cryptocurrency exchange. Poloniex would receive ‘operational and customer support’ from Circle so as to enhance the ‘scalability and reliability of its operations. It also stressed that the users would not encounter any bustle during its transition. The exchange also clarified about fund safety and uninterrupted access.
Bitcoin price has dropped below $10,000. CoinDesk’s price index revealed that bitcoin price was hit by an 11-day low of $9,304.68, yesterday. The closing price on 22 February was below $10,000. Trading volume dropped by 42% and the price by 20% from 20th February when the price stood at $11,000 and beyond.
The increasing number of hardware wallet gave the crypto enthusiast more option to choose their preferable wallet. Archos, a French company, best known for its portable multimedia players (PMP) launches a cryptocurrency hardware wallet from $62.
The first bitcoin embassy to launch in New York in April depending on the progress took, announces Jeffery Tucker, the Editorial Director of American Institute of Economic Research. The aim is to gather the entire cryptocurrencies enthusiast and to help with the members on wallet recovery and many more.