$190M CRYPTO LOST – SYSCOIN UPDATE – RIVETZ PRODUCT LAUNCH

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Published on April 15, 2019
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On this weeks show the New Kids On The Blockchain bring you all the latest crypto and blockchain news and are joined byJag from Syscoin giving us the skinny on what they have been up including the exciting launch of sys 4.0. Also chat to Steven from Rivetz about the launch of their new hardware assisted authenticator for android phones.

👉NEWS ROUNDUP

👉FIRST UP FROM COINMARKET CAP AT TIME OF PRESS (SATURDAY 11AM)

The market cap is just over $114.5 billion with most top ten coins seeing minor gains in th last 24 hours

From Coindesk Bitcoin Is Now Officially In Its Longest Bear Market Ever

Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.
The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.

As such, bitcoin’s latest stretch surpasses the duration of the infamous 2013-2015 bitcoin bear market, which spanned 410 days from its price high to low.

👉From Coin Telegraph Wyoming Passes Bill to Recognize Cryptocurrencies as Money

In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money on Jan. 31, according to the state legislature website.

On Jan. 18, Wyoming legislation presented the bill, which would help to clarify the classification of cryptocurrency.

As reported by Cointelegraph earlier this month, the bill will place crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. Any digital assets that fall into those three categories will be defined as intangible personal property, granting virtual currencies the same treatment as fiat money.

👉From Coin Desk $190M Crypto Gone Forever, How Canada’s Biggest Bitcoin Exchange Lost it All

QuadrigaCX, the largest bitcoin exchange in Canada, has lost $190 million worth of crypto after it lost access to its cold storage wallets.
An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin Cash, Bitcoin Cash SV, Bitcoin Gold, Litecoin, and Ethereum were lost.

In the case of QuadrigaCX, the now deceased founder and CEO was solely responsible for overseeing the funds, and since he passed away, no one could access the funds that he previously maintained.

👉From Coin Telegraph UK Crypto Liquidity Provider Receives Financial Regulator’s Approval

United Kingdom crypto liquidity startup B2C2 OTC Ltd. has received approval from the country’s Financial Conduct Authority (FCA) on Wednesday, Jan. 30, according to a record in the FCA’s register.

A separate press release notes that B2C2, which also provides electronic over-the-counter (OTC) trading, can now offer contracts for difference (CFDs) to eligible counterparties and professional clients.

The firm’s co-founder, Max Boonen, believes the acceptance of the license will allow investors to gain exposure to cryptocurrency markets while avoiding the risks associated with crypto custody.

coinmarketcap.com/
www.coindesk.com/bitcoins-price-longest-ever-bear-market
cointelegraph.com/news/wyoming-passes-bill-to-recognize-cryptocurrencies-as-money
www.ccn.com/190m-gone-how-canada-biggest-bitcoin-exchange-lost-it/
cointelegraph.com/news/uk-crypto-liquidity-provider-receives-financial-regulators-approval

👉syscoin.org/
👉rivetz.com/
👉www.newkidsontheblockchain.com/
👉cryptosmoothie.com/

With any film clips used or news stories featured we are NOT claiming ownership and the copyright remains with the owner and we are using under fair use.

NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.

source

Ledger Nano S - The secure hardware wallet
  1. Wow – Syscoin sounds like it has become toxic waste. Always question if the cypherpunks would approve? If not dump it. As soon as a blockchain becomes a servant to the establishment best not touch it with a stick. Eeew!

  2. Check EOS Poker's Telegram and see what is going on. Exit scam.

  3. puchacz

    ou guys in Malta again this year?????

  4. I checked out Crypto Smoothie this morning, good work! Goes well with my coffee (and currently given the market, whisky too)

  5. My portfolio currently looks like that one guy at the bar drinking alone where you feel sorry for him, then tell him to go home out of embarrassment!

  6. What;s a project you thought was going to be huge but has already died?

  7. It’s a hibernating bear market, wake up!

  8. zaCICHO

    Someone said Amazon take Litecoin true now, is this true?!!

  9. Go SYS you deserve to be up there with the best of them…

  10. Thanks for having Steven on! We love your show.

  11. futBÓL

    if only the market would grow like your subs do 😀 😀

  12. Get Populous on guys! Really want to hear what they are up to!

  13. Bitcoin lower to $2500 do you think? I hope not but I’m worried it may go lower!

  14. Brad

    Thanks for interviewing Jag! When he finally speaks, people should give ear. I urge those unfamiliar to objectively look into Syscoin's tech, fundamentals and relatively long and interesting history in the space. Project has been mainnet since 2014 and evolving ever since. Has survived multiple market cycles, through thick and thin. Jag is certainly among the best public blockchain developers today in my opinion – highly intelligent and knowledgeable, yet humble, and has contributed quite a bit to many projects whether in form of insight, code or bug-fixes, and has claimed bounties. Syscoin's Z-DAG Protocol introduced May 1st 2018 in SYS3 is the first to solve several major industry-wide challenges as it 1) provides truly decentralized DAG, 2) provides global consistent sorting of consensus to DAG. 3) LN/VISA-like performance for assets while maintaining PoW security/finality – all representing significant challenges. The new approach in SYS4 toward cross-chain interoperability w/ EVM and offchain aggregation also represent significant industry-wide challenges being met by this team and project. It appears Syscoin has now smashed the Dogethereum challenge.

  15. julia

    i am sick of this bear houting my portfolio XDD jeeez

  16. beowulf

    TRADING GUYS!!!! When you doing a segment?!

  17. Can you get the team from Substratum on?!

  18. You guys get to travel EVERYWHERE lol!

  19. Looking forward to what Funfair have to say. I really hope they are going to smash it. Jez is super smart

  20. Jag is a really smart dude. Great questions. Nice work New Kids :)!

  21. coldcat

    I’d forgotten about Rivetz I think i still have some of those lurking somewhere in my portfolio

  22. puchacz

    Syscoin are such a good project and great tech!!!!

  23. Anarchapulco. yeah baby!! Wish we could make it this year. So much fun.

  24. p50/50p

    Hopefully this bear market ends soon I’m bored of it . SOOOOOOOOOO bored of it.

  25. Wow that’s a lot of money to lose by losing access to your wallet!!! Keep your keys safe people!!

  26. Can't wait for Anarchapulco!!!

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