Reddit user /u/Aiwa4 has created a tool named Investor Data, which follows Reddit comments looking for specific keywords referencing cryptocurrencies. This data is used to track the popularity of various cryptocurrencies. The tool is available to anyone on the internet and is funded by donations.

Investor Data

Investor Data's main interface

 

Currently, Investor Data tracks  27 cryptocurrencies over 3 subreddits. Namely /r/CryptoCurrency, /r/CryptoMarkets, and /r/BitcoinMarkets are used as the data source. Aside from Bitcoin and its forks, due to an issue separating similar names, ‘most’ top 20 cryptocurrencies make up the list of 27. The data is placed on a table, with a percentage and time used to indicate popularity. The table is updated every 5 minutes and requires a reload to update locally.

Further planned features for Investor Data include interactive graphs and a JSON based API. Also mentioned is a plan to implement a similar tool for Google Trends and Twitter, and the possibility of putting all the data together for a more complete look at the cryptocurrency community.

Most popular currency on Reddit

EOS's rankings on Investor Data at the time of writing

Investor Data reported that the most talked about currency at the time of writing was EOS, with Ethereum and NANO tied for second place.

The spread of data over time provides a nice look into whether or not a given amount of activity is new. Short-term increases, for example, would indicate hype around a cryptocurrency, while long-term increases without similar short-term numbers could indicate sustained interest.

Issues

Currently, the site does not have a valid SSL certificate, meaning that malicious parties may be able to fake the site for their own benefit. Otherwise, as stated above, the tool currently does not differentiate between forks that have similar names, for example, Bitcoin and Bitcoin Cash. Therefore, any statistics referencing these coins will be for every fork. Investor Data’s FAQ does state that differentiating forks with similar names is being worked on. There is not a timeline available for when this will be fixed.

 

Update: /u/Aiwa4 has stated in a comment to BlockExplorer that they plan to procure an SSL certificate to remedy the above mentioned issues with SSL.

 

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News Bytes for May 3, 2018

Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Crypto Exchange BitGrail Legally Forced to Shut Down Just Three Hours After it Opens

Yesterday BitGrail Tweeted “BitGrail is pleased to announce the re-open of our exchange!” only to announce three hours later that “We have temporarily disabled the BitGrail exchange pending further notice.” Users quickly became irritable, some pondering if they were “getting robbed”. BitGrail quickly responded with a post to their web site that they were “notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision is made by the courts…”

SEC Mulls Whether Ethereum is a Security Under US Law

US regulators are cracking down on non-compliant securities issuers, and senior officials are set to meet to discuss whether that group includes the founders of Ethereum.

Telegram Scraps Public ICO as SEC Cracks Down on Token Sales

The company behind wildly-popular encrypted messaging app Telegram has scrapped plans to open its initial coin offering (ICO) to the public, says an anonymous source close to the matter.

Goldman Sachs To Open Bitcoin Trading Desk

Goldman Sachs, hiring their first cryptocurrency trader, becomes the first major Wall Street bank to open a bitcoin trading desk. Trading will start in the next few weeks, accordingly to a New York Times report.

Reddit Likely to Bring Back Bitcoin Payments, Add Ethereum and Litecoin Support

Cryptocurrency payments will likely be returning to popular social media platform Reddit, a company executive said on Wednesday.

Continuing the story from the 31st of December, Reddit has stated that its mail provider, mailgun, had been compromised. Citing reports of completed password resets that account owners did not request. Reddit also stated that it has moved the password reset facility to an in-house server. The attackers gained access to the content of password reset emails, allowing them to reset passwords for any Reddit account. Mailgun’s blog stated that the attack occurred via a compromised employee account, allowing the attackers to gain access to mailgun customer’s API keys.

Accounts that have Two-Factor authentication enabled are not vulnerable to password reset attacks. Since an attacker must acquire the single-use code to change the password. KeyserSosa, a Reddit admin, stated “We paused final roll out because of the holidays since it’s not a small change and wanted full coverage before final testing on everyone.“ when asked on the status of 2FA roll out to all users. Once full rollout is complete, you will no longer need to be a moderator to use 2FA on Reddit

Protecting your accounts from attacks

This attack shows how far an attacker is willing to go if they believe they can gain from your account.  Remember to never publicly flaunt or share how much of a given cryptocurrency you own, always use secure and unique passwords, never reuse passwords, and enable Two-Factor authentication if you can.

If you use Reddit, you may know that tip bots such as /u/tippr allow you to tip fellow redditors, in /u/tippr’s case, with BCH. Another Reddit bot has recently been discovered that attempts to gain access to Reddit accounts that have sent tips, and if successful, transfer out any balance the account may have with tip bots to the bitcoin cash address: 1Dn1uint1pMTrNXGyE3hQzyL6FJ8jpS1SD. Here are the methods with which you can secure your Reddit account against attackers. Obviously, protecting your Tippr BCH tips is only one benefit of having a secure Reddit password.

Use a secure Reddit password

 

https://imgs.xkcd.com/comics/password_strength.png

Image from XKCD

Secure passwords will always help improve security. When choosing a password, length is better than most other security practices.  Otherwise, make sure that you do not use birthdays or things linked to you personally.

Use two-factor authentication on your account

Two-factor authentication means that when trying to log into your account, you are required to input a randomly generated, one-time use code alongside their password, this is accomplished using any two-factor authentication application that supports Time-based One-Time Password Protocol,  the Android and iOS apps Authy and Google Authenticator are recommended. You can read the full two-factor authentication setup guide here and there is a short explanation of enabling two-factor authentication below.

Enabling two-factor authentication requires you to be a subreddit moderator. You can become a subreddit moderator by creating your own subreddit. If you are a subreddit moderator you can find the option to enable 2FA on your preferences page. Reddit will ask you to confirm your email and password during the process of enabling two-factor authentication.

Featured image from Wikipedia