Market Update 12.25.18 – Altcoin BTCP Confirms Premined $2M Coins
Market News
Altcoin BTCP Confirms Premined $2M Coins
Just recently, the development team responsible for altcoin Bitcoin Private has confirmed the creation of at least 2.04 million units of the cryptocurrency. Apparently, though, all of these were never meant to exist on the blockchain. The announcement was made official via a published statement from the company.
The BTCP core team stated that upon receiving the reports, they decided to perform “an investigation to ascertain whether or not the alleged findings of an additional amount of BTCP coins were true.” And after coming up with an internal audit, they can official announce that that Coin Metrics’ findings were “mathematically accurate.” The team added:
“However, at this time, the source, purpose, and recipient of this exploit is currently unknown to the Bitcoin Private Contribution Team.”
Read the full report here.
Ex-CIA Official Says Blockchain ‘Biggest Threat’
Andrew Bustamante is known to be a former CIA intelligence officer. Recently, however, he made some claims suggesting that blockchain is indeed a “super powerful stuff.” He added that it is the type that could significantly represent a threat to the national security of America. Bustamante, who specializes in publishing life-hacks based on his knowledge of espionage, gave out his controversial comments online.
Apart from being a former CIA officer, Bustamante also served as a United States Air Force veteran and Fortune 10 corporate advisor. He brought up the topic concerning blockchain as a response to a question in a subreddit thread, on news aggregation site Reddit, dedicated to Bustamante’s “Everyday Espionage” — what he dubs an “integrated education and training platform that teaches international espionage tactics to benefit everyday life.”
Read the full report here.
340 UK Crypto, Blockchain Companies Dissolved In 2018
In a recent report, it turns out that there were at least 340 UK-based crypto and/or blockchain companies dissolved this year. From the same report, it further suggests that the number of companies had succumbed to 139 particularly in the digital asset industry. The latter figure is believed to be almost two and a half less when compared to last year.
The data gathered was based heavily on OpenCorporates, which is a site that shares data on corporate entities. Considering the changes, it is safe to say that the current downward cryptocurrency market movement this year has already taken its toll on some of the largest companies. For instance, China-based crypto mining company Bitmain has reportedly closed its development center in Israel, which resulted in the lay-off of around 23 employees.
Read the full report here.
Total Market Cap: December 25
The volume of trade in the crypto market sat at $23.28 billion. The market’s capitalization, on the other hand, reached $129.12 billion.
Bitcoin Price Analysis: December 25
In the past 24 hours, Bitcoin fell 9.54% to trade at $3,839.60. The leading cryptocurrency’s trade volume trickled to $6.64 billion, while its market slid to $66.97 billion.
XRP Price Analysis: December 25
XRP’s price fell 11.58% to trade at $0.380330. As for the altcoin’s trading volume, it reached $1.39 billion; whereas its market capitalization hit $15.52 billion.
State of the Top 10 Cryptocurrencies: December 25
In the past 24 hours, all prices were down. Meanwhile, TRON continues to dethrone Cardano at the 10th spot.
- Bitcoin’s market price fell 9.54% to $3,839.60, and its value in the market is $66.97
- XRP’s market price fell 1.58% to $380330, and its value in the market is $15.52 billion.
- Ethereum’s market price fell 12.78% to $13, and its value in the market is $13.43 billion.
- Bitcoin Cash’s market price fell 34% to $161.04, and its value in the market is $2.82 billion.
- EOS’ market price fell 80% to $2.61, and its value in the market is $2.37 billion.
- Stellar’s market price fell 18% to $0.122452, and its value in the market is $2.35 billion.
- Tether’s market price fell 26% to $1.02, and its value in the market is $1.89 billion.
- Litecoin’s market price fell 76% to $31.26, and its value in the market is $1.87 billion.
- Bitcoin SV’s market price fell 84% to $91.75, and its value in the market is 1.61 billion.
- Tron dethroned Cardano at the 10th spot, bit its market price fell 15.65% to $0.019452. As for its value in the market, it is $1.30 million.