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Crypto Space Over The Past Week From 12 To 18 February, 2018

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At the end of the week, we resume everything that the crypto community talked about over the past seven days.

Exchanges

On Tuesday, February 13, users of the Coincheck exchange have withdrawn 40.1 billion yen ($ 373 million) from their accounts. It was the day when customers were first able to withdraw funds after the theft of approximately $ 500 million that occurred last month.

Little-known Italian cryptocurrency exchange BitGrail claims that last week it was hacked and lost about $195 million funds.

On Sunday, February 11, was launched, Hodl Hodl, p2p-exchange cryptocurrency exchange. While the exchange is still a beta version, so the creators recommend using it with caution and reporting to the support team about any problems.

Research and Analytics

According to data Bitinfocharts.com, most of the 100 richest bitcoiners did not lose their assets during the last crash. On the contrary, their shares have increased exponentially. The largest revenues have recorded during the major crashes. Throughout 2017 there were six major corrections, in which bitcoin lost about 30% of the cost. Just in these periods, "whales" made their largest deposits.

The Chinese company 360 Netla published analysis data, according to which 241 of the 100,000 most visited (according to Alexa Internet) websites contains code that uses users' computers for mining. 49% of these sites are pornographic.

On February 13 Forbes for the third time presented a list of Fintech 50, which includes the 50 largest companies in the field of financial technology in 2018. It is noteworthy that 11 of the listed companies use blockchain technology closely with the cryptocurrency industry.

Opinions

Last week, Dan Morehead, the founder and head of Pantera Capital, on CNBC's Fast Money program, made very optimistic forecasts regarding bitcoin and the entire market. Referring to the past dynamics, he says that the last collapse of prices is absolutely normal. Moreover, he predicts a new period of growth in the next two weeks. This optimism shared by other representatives of the cryptocurrency market.

Another opinion has expressed by Bloomberg expert Mike McGlone. Referring to examples of impressive growth and no less impressive fall of Amazon.com and Nasdaq Composite Index at the beginning of the millennium, he said that the price of bitcoin could drop to $ 900.

At the same time a well-known venture capitalist Tim Draper says that the world needs a new currency, and bitcoin is the ideal candidate. Moreover, according to him, in the future a very large share of the world currency market, the current volume of which is estimated at $86 trillion, will be accounted for by the cryptocurrency.

Charlie Lee spoke about the upcoming hardfork Litecoin Cash, after which all holders of Litecoin will receive a new coin. He called all "Litecoin forks" a fraud and an attempt to confuse users.

Law

Representatives of the federal government in Ohio confiscated bitcoins worth $ 4.7 million and computer equipment during the investigation of large-scale operations with fake identity cards.

According to the head of the police service of the European Union (Europol) Rob Wainwright, recently criminals managed to launder $ 5.5 billion using cryptocurrencies. According to Wainwright, about 4% of all funds received by the criminal world were withdrawn using bitcoins or other crypto-currencies. Wainwright expects that this figure will grow.

A group of Ukrainian hackers, calling themselves Coinhoarder, stole more than $ 50 million in cryptocurrency from users of Blockchain.info, one of the most popular providers of digital wallets.

Telegram creators Pavel and Nikolai Durov have filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC), reporting $850 millions raised during ICO.

Technologies 

Microsoft has announced plans to use blockchain technology as the basis for storing and processing digital identity data. After the recent announcement of a partnership with the Decentralized Identity Foundation (DIF), the company disclosed its plans to use blockage to solve the problems that people face when managing personal and personal data in digital form - in particular, to enhance privacy and security in the real and digital world.

The company Nebula Genomics intends to digitize the genome of anyone who wishes for less than $ 1000, place it in a secure lock and then give its owner the opportunity to earn a crypto currency. The company will provide people with control over their genetic data (and their full-scale analysis) so that they have the right to provide their genomes for research and development of medicines. Blockchain, as argued in Nebula, will ensure the security of data and control over them, as well as exclude intermediaries.

Developers of the Electrum wallet led by Christian Belcher have announced a new product called Electrum Personal Server (EPS). It is designed to provide secure and easy software wallets with a secure connection to the complete nodes of the network of bitcoins. While EPS is at the alpha.

By early 2018, the number of digital currencies that plan to introduce or test one or another form of Lightning Network includes Litecoin, Zcash, Ethereum and Ripple. Developers of other digital currencies also try to include the Lightning Network in their plans.

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