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Cryptocurrency Daily Roundup - Feb.6


Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

Bitcoin Plunges To 52-day Low

Wednesday, Bitcoin hit its lowest level in 2019 at $3363. It is also the lowest price in 52 days, since BTC went as low as $3179 on December 15. Bitcoin price extended losses and traded below the $3,400 and $3,375 supports against the US Dollar on Wednesday. From its recent peak of $4060 on January 8, Bitcoin price declined by $647, or more than 16 percent, in almost one month.

Twitter's Jack Dorsey Says Holds Only, And Enough Bitcoin

Twitter Inc.'s co-founder and CEO Jack Dorsey in a tweet said he is holding only and enough bitcoins, showcasing his belief in the largest cryptocurrency. In an earlier interview with The Joe Rogan Experience, Dorsey, who is also the CEO of payment app Square, had said bitcoin to be the internet's native currency despite the recent severe loss in its trading value. Dorsey's payment platform Square reportedly has supported bitcoin since 2014 allowing users to pay for items with cryptos as well as to trade in them.

Chamber Of Digital Commerce Unites With Blockchain Association Of Canada

Washington, D.C.-based The Chamber of Digital Commerce, the world's first and largest blockchain trade association, announced that it has united with the Blockchain Association of Canada or BAC. It will now be called the Chamber of Digital Commerce Canada. Tanya Woods, a legal and policy strategist and executive director of the BAC, will serve as its managing director

Russian Government to conduct Blockchain-powered Unified State Exam

Russia's Federal Service for Supervision in Education and Science (Rosobrnadzor) is planning to implement blockchain technology for the Unified State Exam in 2019 , according to a report by Russian news agency TASS. Passing this exam is a prerequisite after graduation from school to enter a university or a professional college.

Coinbase announces support for PayPal withdrawals to all EU customers

Major US cryptocurrency exchange Coinbase announced support for PayPal withdrawals to all customers in the E.U. and European Free Trade Association countries such as Iceland, Liechtenstein, Norway, and Switzerland. This follows the exchange's announcement in December of the support for its U.S. customers.

Canadian Crypto Exchange Granted Bankruptcy Protection After CEO Death

The crypto exchange filed for bankruptcy protection in the Nova Scotia Supreme Court amid financial and legal troubles following the unexpected death of its founder and CEO Gerald Cotton. QuadrigaCX's nearly 115,000 customers reportedly lost around $145 million as the funds were placed in a cold wallet for safety, and Cotton was the only person who knew the password.

Current Prices

As of this writing, Bitcoin is losing 1.59 percent or $54.31 at $3363 on Coinbase. Ethereum is down 4.10 percent or $4.35 to $101.28.

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