Market Update 2.02.19 – Data Science & Risk Director Ranjan Departing Coinbase
Market News
Data Science & Risk Director Ranjan Departing Coinbase
Soups Ranjan, the Director of Data Science & Risk of Coinbase, the major American cryptocurrency exchange, is stepping down. Ranjan announced that he was leaving via his blog post as well as on Twitter. He wrote that he realized that he like building things from the ground up and encouraged his followers to keep tuned for his next steps.
As the head of Data Science & Risk at Coinbase, Ranjan worked on developing a machine learning powered system that could detect the probability of a user employing stolen payments instruments to buy cryptos from the exchange.
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Hosho Cutting 80% Staff
The Los Angeles-based smart contract auditing firm Hosho is cutting its staff by 80% thanks to the ongoing crypto winter. The company was founded in 2017, and, thanks to the massive surge in the crypto market at the time, expanded fast and built its brand as one of the best smart contract auditing firms. The company claimed that it had audited the highest number of smart contracts in the world.
However, the continued slump in the cryptocurrency market took its toll on the company and it shrunk from 37 employees to just 7. The co-founder and president of Hosho Hartej Sawhney said that they realized that the most important thing was for them to stay alive.
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WISeKey Opens Blockchain Center in Geneva
WISeKey, the Swiss Blockchain and cybersecurity company has now opened a new Blockchain Center of Excellence in the city of Geneva. The firm’s uses a cryptographic tool called Root of Trust for secure identification and authentication, and has been increasing the use of Blockchain and Internet of Things (IoT) technology in its portfolio as well as operations. This Center is the result of a new partnership between WISeKey and the Blockchain Research Institute. They are looking at opening more such centers in the United States, India, China, Latin America and Africa.
The new Center of Excellence has been created to help Blockchain-based startups and also to research and promote the nascent technology. It will also help accelerate the adoption of Blockchain in public as well as private sectors.
Read more here.
Total Market Cap: Feb 02
The valuation of the cryptocurrency market is $114 billion, while trading volumes are $15.88 billion.
Bitcoin Price Analysis: Feb 02
The crypto is up by 1.02% and is now trading at $3474.86 a token. Bitcoin’s value in the market is currently $60.86 billion and volumes of trades are at $5.13 billion.
Ethereum Price Analysis: Feb 02
ETH’s token price has gone up by 1.45% to $107.10. The altcoin’s value in the market is now $11.21 billion and volume of trade for the token is $2.39 billion.
State of the Top 10 Cryptocurrencies: Feb 02
All the top cryptocurrencies are in the green in trading so far today. Litecoin has the biggest gains so far with a jump of 5.25% in its token price. Bitcoin Cash is the second highest gainer with a 4% jump in the crypto price and Stellar follows with a 2.61% increase in its token price.
- Bitcoin’s price is $3474, going up 1.02%. At the moment, the crypto’s value is $60.86 billion.
- Ripple’s price is $0.306861, going up 1.76%. At the moment, the crypto’s value is $12.63 billion.
- Ethereum’s price is $107.10, going up 1.45%. At the moment, the crypto’s value is $11.21 billion.
- EOS’s price is $2.33, going up 0.99%. At the moment, the crypto’s value is $2.11 billion.
- Bitcoin Cash’s price is $117.42, going up 4%. At the moment, the crypto’s value is $2.06 billion.
- Tether’s price is $1.01, going up 0.06%. At the moment, the crypto’s value is $2.03 billion.
- Litecoin’s price is $32.92, going up 5.25%. At the moment, the crypto’s value is $1.98 billion.
- TRON’s price is $0.025833, going up 0.82%. At the moment, the crypto’s value is $1.72 billion.
- Stellar’s price is $0.083534, going up 2.61%. At the moment, the crypto’s value is $1.60 billion.
- Bitcoin SV’s price is $64.68, going up 1.33%. At the moment, the crypto’s value is $1.13 billion.