A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Bitcoin loses its New Year shine
Bitcoin, which showed signs of recovery in the first week of the New Year by crossing the $4000 level after falling below the mark in late December, has lost its gains since then and fallen back to the weak zone. In a 7-day period from last Monday, Bitcoin shrank by $525 in value. And in the last 24 hours alone, it dropped $84.
University of Bahrain to issue diplomas using Blockchain
University of Bahrain (UOB) is to issue blockchain-powered digital diplomas using the Blockcerts open standard, in partnership with blockchain technology company Learning Machine. It claims to be one of the first universities globally to issue digital diplomas on blockchain.
51% Attacker Returns $100,000 in Ethereum Classic to Crypto exchange
Cryptocurrency exchange Gate.io, which was targeted in a recent hacking, said the ETC 51-percent attacker returned $100,000 worth of Ethereum Classic to them. The exchange said its attempt to contact the 51-percent attacker met with no response. “We still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security,” Gate.io said in a statement.
NASA proposes Blockchain-powered Air Traffic Management
The National Aeronautics and Space Administration (NASA) published a proposal for developing a blockchain-powered infrastructure for air traffic management, that is expected to provide security, authentication, and privacy. The current radar-based air traffic service providers only preserve privacy for military and corporate operations by procedurally preventing public release of selected flight plans, position, and state data.
As of this writing, Bitcoin is losing $2.20 percent or $79.36 at $3535 on Coinbase. Ethereum is declining 5.88 percent or $7.28 at $116.74.
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