Canadian Exchange QuadrigaCX owes customers $190m

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Bitcoin
Over the last 24 hours, Bitcoin is -0.08% at $3,447.86

🔼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.https://goo.gl/SUG1Xx

Ethereum
Over the last 24 hours, Ethereum is +0.67% at $107.85

🔼Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk. In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly $250 million CAD ($190 million) in both cryptocurrency and fiat. The company previously announced it had filed for creditor protection on its website, but the filing itself provides greater details about its predicament. https://goo.gl/FQmCG6

Ripple
Over the last 24 hours, Ripple is -0.62% at $0.305859

🔼Cryptocurrency payment processor CoinGate has added Ripple’s native token XRP to its payment options for merchants, a company tweet revealed Feb. 1. According to the firm’s accompanying blog post, using the service “XRP coin owners can now use it as a means of payment at more than 4,500 shops online.” CoinGate notes that, by offering what it defines as the first native XRP payment processing service, it hopes “to significantly boost its utility.” The company’s customers using this service reportedly have the option of instant settlement in euros, Bitcoin (BTC), Ethereum (ETH) or XRP. https://goo.gl/mD25kE

Today’s Stats:
Top Volume: Bitcoin ($4,954,281,756)
Top Mover: Nexo (+19.28%)
Top Shakers: Holo (-10.92%)

(Based on the Top 100 Cryptocurrencies by Market Cap)

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