{"id":888,"date":"2019-02-01T17:13:12","date_gmt":"2019-02-01T09:13:12","guid":{"rendered":"\/\/www.coincola.com\/blog\/?p=888"},"modified":"2021-08-30T15:55:03","modified_gmt":"2021-08-30T07:55:03","slug":"weekly-updates-feb-1-bitcoin-price-crypto-new-regulations","status":"publish","type":"post","link":"\/blog\/weekly-updates-feb-1-bitcoin-price-crypto-new-regulations\/","title":{"rendered":"Weekly Updates Feb. 1: Bitcoin Price, Crypto New &#038; RegulationsN\/A"},"content":{"rendered":"\r\n<h2 class=\"wp-block-heading\">Bitcoin Price and Other Cryptocurrency Prices<\/h2>\r\n\r\n\r\n\r\n<p>Total market cap is at about $112 billion (down 5.6% w\/w), and 24h trading volume is around $17.52 billion (up 18.78% w\/w) at press time. The cryptocurrency markets are holding steady at the end of the week, with BTC trading at $3,447.63, ETH at $105.79, BCH at $112.93, LTC at $31.50, and XRP at $0.303.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-1021\" src=\"\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/02\/mkt-update-1024x1024.png\" alt=\"\" width=\"512\" height=\"512\" srcset=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/02\/mkt-update-1024x1024.png 1024w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/02\/mkt-update-150x150.png 150w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/02\/mkt-update-300x300.png 300w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/02\/mkt-update-768x768.png 768w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/02\/mkt-update.png 1080w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/>\r\n<figcaption>(As of Feb 1st 17:00PM HKT)<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Top Cryptocurrency News<\/h2>\r\n\r\n\r\n\r\n<ul>\r\n<li><a href=\"https:\/\/futurism.com\/cryptocurrency-hacking-groups-1-billion-dollars\">Two Hacker Groups Accountable for $1 Billion\u00a0 Crypto Hacks<\/a>: The two groups reportedly cooperated together to steal via schemes, ransomware, and other loopholes which over half of them were done publicly. What is worse is that these bad doers are hiding their identities even more sophisticatedly, with new methods like hijacking public Wi-Fi and by passing two-factor authentication.<\/li>\r\n<li><a href=\"https:\/\/bitcoinexchangeguide.com\/unionpay-issues-letter-on-wechat-and-alipay-restricting-otc-bitcoin-and-crypto-transactions-in-china\/\">UnionPay warned Wechat and Alipay to restrict OTC and other crypto transactions in China<\/a>: The transactions include but not limited to, token issuing financing, internet sales lottery platform, and virtual currency trading platform.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.digital-free.net\/wp-content\/uploads\/2017\/08\/nihaopay-magento.png\" alt=\"\" width=\"452\" height=\"329\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<ul>\r\n<li><a href=\"https:\/\/www.forbes.com\/sites\/michaeldelcastillo\/2019\/01\/30\/nasdaq-is-now-working-with-7-cryptocurrency-exchanges\/#2cdb742f2472\">Nasdaq is working with 7 exchanges<\/a>: So far, seven cryptocurrency exchanges have passed Nasdaq\u2019s muster, according to a Nasdaq representative speaking with\u00a0<em>Forbes<\/em>, though only two, Gemini and SBI Virtual Currency, have been publicized. As more cryptocurrency exchanges seek to lure new customers, the assurance of Nasdaq\u2019s technology is already being used to attract institutions and traders used to more mainstream venues.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Crypto Regulatory Roundup<\/h2>\r\n\r\n\r\n\r\n<ul>\r\n<li><strong><a href=\"https:\/\/bitcoinexchangeguide.com\/indiana-proposes-crypto-bill-for-payment-of-taxes-with-virtual-currencies\/\">Indiana Becomes the Second State to Accept Crypto for Taxes<\/a>: <\/strong>According to latest bill, \u201cPayment of taxes with virtual currencies. Allows a person to pay taxes by using an approved virtual currency.\u201d Furthermore, the section 19 of the bill shares, \u201cthe department may approve the use of one or more virtual currencies to pay taxes, special assessments, penalties, interest, costs, or any other liability.\u201d<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i.etsystatic.com\/13221305\/r\/il\/7089c7\/1437404085\/il_570xN.1437404085_p979.jpg\" alt=\"\" \/><\/figure>\r\n\r\n\r\n\r\n<ul>\r\n<li><a href=\"https:\/\/news.bitcoin.com\/indian-government-finalizing-crypto-regulatory-framework\/\"><strong>India Crypto Regulation One Big Step Forward<\/strong><\/a><strong>:<\/strong> The Indian inter-Ministerial Committee (IMC) has finalized the regulatory framework of cryptocurrencies, confirmed by the filing of a Right to Information by a local news outlet Coin Crunch.<\/li>\r\n<li><strong><a href=\"https:\/\/cointelegraph.com\/news\/local-media-iran-reportedly-in-talks-with-8-countries-to-use-crypto-transactions\">Iran Planning to Use Crypto to Finance with 8 Countries: <\/a>\u00a0<\/strong>Mohammad-Reza Modoudi, the acting head of Iran\u2019s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with eight countries. The countries are Switzerland, South Africa, France, England, Russia, Austria, Germany and Bosnia.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Promotions<\/h2>\r\n\r\n\r\n\r\n<ul>\r\n<li>Valentines Bitcoin Love Letters &amp; Trading Bonus: Feb 12-28.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.coincola.com\/blog\/valentines-day\/\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"512\" class=\"wp-image-983\" src=\"\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/01\/valentines-1024x512.png\" alt=\"valentines giveaway coincola BTC\" srcset=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/01\/valentines.png 1024w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/01\/valentines-300x150.png 300w, https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/01\/valentines-768x384.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\r\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Price and Other Cryptocurrency Prices Total mar&#8230;<\/p>\n","protected":false},"author":12,"featured_media":889,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[88,79],"tags":[80],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Updates Feb. 1: Bitcoin Price, Crypto New &amp; 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