Blockchain Market Update – December 11, 2018

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December 11, 2018 by
Blockchain Market Update – December 11, 2018

Facebook: Advertising five blockchain positions on careers page of website, sparking speculation it is close to launching a cryptocurrency product. Jobs include data scientist, data engineer, two software engineers, and product marketing lead—Project Development

Coinbase: Published Q3 2018 State of Blockchain, summarizing key trends, data, and events in Q3 2018. Notably, crypto market has diminished throughout year, with some brief spurts of growth in February at 14%, April at 62% and July at 8%. Past three months saw market shrink from $262B in July to $230B in August, and settling at $215B in September. Cryptocurrency market hasn’t had positive quarter since Q4 2017 rally where it hit $609B—Trading

AsicMinerValueStates only five mining devices released in 2018 make a profit and two machines are not yet available on the market. Most profitable machines are Ebang Ebit E11++, Asicminer 8 Nano, Asicminer 8 Nano Pro, Innosilicon T3 model, and Bitmain Antminer S15—Mining

London Block ExchangeAnnounces first ever digital pound sterling through its partnership with AlphaPoint. GBP-Peg is a stablecoin pegged to value of pound sterling. Exchange noted it has a segregated, onshore, and auditable UK bank account dedicated to GBPP—Exchange

Jay Clayton: Chairman of U.S. SEC speaks of advantages of ICOs as a way to raise capital, noting that they are effective ways for entrepreneurs and others to raise capital, provided that securities rules are adhered to when appropriate. He added that SEC has spent significant amount of time focusing on blockchain and crypto assets, a trend he expects to continue in the coming year—Regulation

KuwaitCentral Bank of Kuwait announced plans to create a national cryptocurrency and payment system. The head of the bank, Dr. Mohammad Y. Al-Hashel, said that in 2019-2020, the Kuwaiti National Payment System, which is being created in cooperation with banks and payment services, will be deployed in the country—Other

TrueUSDTrustToken confirms Cohen & Company published their latest independent attestation of bank accounts holding collateral for TrueUSD and revealed that Balance of Escrow Accounts is $195M—Other

Bitmain: Development center in Ra’anana, Israel will be closing down, laying off 23 employees. Bitmain VP International Sales and Marketing Gadi Glikberg, who also serves as Branch Manager in Israel, is also leaving the company—Other

Galaxy Digital: Digital banking platform Good Money raised $30M in Series A funding round to continue developing its app, led by Michael Novogratz’s Galaxy Digital, among other participants. Good Money aims to act as a bank where every customer owns some amount of equity, with incentives baked in for those who install the app, refer friends and set up direct deposits—Project Development

“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)
Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
Bitcoin Gold (BTG)
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