A Lot of People will be Burned’: Bitcoin Lost a Whopping $44 Billion of Value in January, and it’s Not Over Yet (Financial Post)
Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it. Its January slide knocked US$44.2 billion off the US$200 billion in market value generated in all of last year, the biggest one-month loss in dollar terms in the short history of digital assets. “Once we got to US$10,000, crypto had adopted this Teflon persona of late that it’s always going to find a base and go back up again,” Stephen Innes, head of Asia Pacific trading at Oanda, said by phone from Singapore. “When we’re talking in the realm of riskier assets, and something shaves off 50 perc ent of its value, it tells me there’s going to be an extension lower.
What is Dentacoin (DCN)? A Beginner’s Guide (Coin Central)
What is Dentacoin (DCN)? Dentacoin (DCN) is the first blockchain concept designed to help make the global dental industry more affordable. Following a decentralized, Ethereum-based smart contract protocol, the DCN token rewards users through a system that inspires community contribution. Ultimately, the project’s mission is to make quality dental health care available to the nearly 80% of the world’s population without it. By removing the middleman (big insurance companies) and placing authority back into patient’s/dentist’s hands, costs can be significantly reduced. One way this is accomplished is through the establishment of smart contracts directly between patients and dentists.
IOS Token Better Than Ethereum? (Crypto Daily)
IOS Token is a new cryptocurrency that is quickly finding itself among the top and most popular of the virtual currencies. IOS Token claims to be a secured and scalable blockchain that actually works. They use their innovative Efficient Distributed Sharding Technology, which essentially partitions the network into sub spaces. It does this by randomly assigning different nodes to work together. It does this in order to make the system faster and more efficient. The developers are using some of the latest technology to really make this system the best it can be. What really makes IOS Token stand out among other cryptocurrencies is their brand new Consensus Mechanism. Instead of proof of stake, they are using proof of believability which just takes the former slightly further than before.
Ripple price: Why is Ripple XRP falling today? Why is it Crashing in Value? (Express.co.uk)
Ripple (XRP) is hovering just above $1 today with its market capitalisation sliding down towards $40billion, according to CoinMarketCap. This latest crash comes less than a month after the cryptocurrency reached its all time high of $148.5billion, when it was worth about $3.84. January’s decline came after 12 months of relentless growth for Ripple, in which its price surged more than 35,000 percent from $0.006 at the start of 2017. The initial collapse, on January 4, was blamed on the South Korean Government, which has repeatedly threatened to ban crypto trading.
A Giant Botnet is Forcing Windows Servers to Mine Cryptocurrency (ZDNet)
A massive cyptocurrency mining botnet has taken over half a million machines, and may have made its cybercriminal controllers millions of dollars. The whole operation is powered by EternalBlue, the leaked NSA exploit which made the WannaCry ransomware outbreak so destructive. The Smominru miner botnet turns infected machines into miners of the Monero cryptocurrency and is believed to have made its owners around $3.6m since it started operating in May 2017 — about a month after EternalBlue leaked and around the same time as the WannaCry attack.
