Blockchain Market Update – December 10, 2018

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December 10, 2018 by
Blockchain Market Update – December 10, 2018

EthereumConstantinople Mainnet hard fork is finally set to take place in Q1 next year at block 7080000 around January 16, 2019. Announcement was made by key developers and proposes implementation of five Ethereum improvement protocols, such as reduction of block mining reward issuance from 3 to 2 ETH and delaying difficulty bomb for 12 months. Upgrade will also be improving efficiency of network and performance, ensuring that network is faster and optimized for developers’ experience and decreased costs—Project Development

India: Indian government panel appointed to recommend cryptocurrency measures has reportedly submitted report to country’s finance minister, suggesting a new legal framework for cryptocurrencies. Actual content of report has yet to be announced publicly—Regulation

U.S. SEC: Orders fund manager CoinAlpha Advisors to pay $50K fine following what SEC deems an unregistered securities sale. CoinAlpha formed a fund in October of 2017 to invest in digital assets. It reached out to possible investors, raising little more than $600K. While CoinAlpha filed a “Notice of Exempt Offering of Securities,” the company was not eligible for exemption and did not otherwise register with SEC. As such, it effectively solicited securities investors in breach of law—Regulation

BITOCEAN: HKEx-listed Madison Holdings Group Limited announced that its fully-owned subsidiary, Madison Lab Limited, has bought in 67.2% shares of BITOCEAN Co. Ltd, with $15 million. BITOCEAN is a Japan-based cryptocurrency exchange, one of the 16 registered with the Japanese Financial Agency—Financial Institution

NEM, GUBINEM partners with China’s largest online artwork trading market and artwork database to develop identity system, user and expert credit system, and review system for GUBI’s use on NEM platform. GUBI also positioned as professional search engine for Chinese art industry, collecting 33M pieces of antique data and more than 6,600 professional antique e-books within 5 years—Project Development

Trezor: Crypto hardware wallet announces that device’s beta firmware now offers native support for Ethereum, Ethereum Classic and ERC20 tokens. Existing 3rd party integrations such as MyEtherWallet, MyCrypto and MetaMask, which enable Trezor to support these tokens, would continue to function parallel to new functionality, with no plan to discontinue integrations going forward—Project Development

Bithumb: Launches public voting system for screening new coins to be listed on exchange, dubbed “Pickthumb.” Aimed to boost transparency and fairness in Bithumb’s listing process. Five coins are currently being evaluated: Rom, Amo Blockchain, Ttcprotocol, Olivecoinole, and Contentos—Exchange

Chile Minister of Finance: Felipe Larrain recently stated that several governmental entities are “making progress” on creating crypto regulation. Finance ministry is collaborating with country’s central bank and Financial Stability Board to develop a balanced framework in the industry—Regulation

Binance: In recently released BD Center report, shows average monthly unique users of Binance exceeded 51M and 80% of them are direct visits, according to data collected from Aug to Nov 2018. The leading exchange has advertising traffic of 2% in total of all the volume and includes paid search traffic and traffic from advertising networks—Exchange

“B2B reporter – Content Manager – Contributor – Fintech – Blockchain – Cryptocurrency”

Simon Chou is a B2B reporter and content manager specializing in technology and finance. He has worked with many clients in the fintech and blockchain space. He holds investment positions in bitcoin and other large-cap cryptocurrencies, and has been reporting on cryptocurrency since 2017. Currently, Simon is the content manager for a major cryptocurrency exchange @HybridBlockHQ.

Name Price
Bitcoin (BTC)
$10,375.48
Ethereum (ETH)
$194.92
Bitcoin Cash (BCH)
$309.52
XRP (XRP)
$0.263066
Litecoin (LTC)
$71.84
Cardano (ADA)
$0.047571
IOTA (MIOTA)
$0.253879
Dash (DASH)
$90.40
NEM (XEM)
$0.045729
Monero (XMR)
$76.41
Stellar (XLM)
$0.058810
EOS (EOS)
$4.11
TRON (TRX)
$0.015834
Bitcoin Gold (BTG)
$10.29
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