Blockchain Market Update – December 12, 2018

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December 12, 2018 by
Blockchain Market Update – December 12, 2018

SquareCash App has achieved key milestone on road to mainstream Bitcoin usage by becoming most popular App in finance category on U.S. Google Play Store ahead of PayPal. The App, which has also surpassed Coinbase to become most widely used iOS app to buy BTC and overtook YouTube to become number one top free mobile application on iOS store, is now America’s most downloaded finance App on Google Play—Other

U.S. CFTC: Commodity Futures Trading Commission published Request for Input, looking for public feedback on different questions about Ethereum, ranging from its technology to how it’s used. Respondents have 60 days from the RFI’s publication in Federal Register to submit answers—Regulation

Japan: Japanese congressman and lawmaker Takeshi Fujimaki proposes to reduce crypto tax, aiming to revitalize market. Proposals include: 1) Reduce crypto tax gains from up to 55% to a fixed 20% rate on gains 2) Carry forward losses across quarters and years, until the cryptocurrencies are cashed out 3) No taxes in trading crypto-to-crypto 4) No tax on small cryptocurrency payments—Regulation

Carol Goforth: U.S. law professor notes that confusing cryptocurrency regulations hamper innovation in crypto space. Crypto assets are regulated in U.S. as property by Internal Revenue Service, as money by Department of Treasury’s Financial Crimes Enforcement Network, as commodities by Commodity Futures Trading Commission, and as securities by Securities and Exchange Commission—Other

Binance: In bid to improve performance of Binance DEX, will be moving BNB from Ethereum blockchain into their own mainnet, citing issues with speed using current smart contract application of Ethereum. Swap is expected to occur after DEX launches early 2019—Project Development

SamsungRefuted rumors of plans to offer cryptocurrency cold wallet on Galaxy S10 smartphone. As reported by Samsung community news sharing site SamMobile, three E.U. trademark requests were clues to alleged plans to offer cryptocurrency cold wallet on Galaxy S10 smartphone, but Samsung’s response to Cointelegraph was “Unfortunately we are unable to provide any information as the below is rumor and speculation—Other

ZebpayAfter shut down of operations within Indian territory, information on exchange website claims new set up in Europe. Has recently added new category under support section for Europe – KYC and Bank Verification, including “Account verification specifically for European users”, “how to verify European corporate account on Zebpay” and added “Euro Deposit and Withdrawals” category—Exchange

AlphaPoint: Blockchain company focused on enabling institutions to launch, scale, and operate digital asset exchanges globally, announced that through its collaboration with Stellar Development Foundation, AlphaPoint now supports XLM for its clients, including depositing, withdrawal, custody, and trading—Project Development

DiarResearch firm reports that for 2018, the month with highest ICO total raised was February, when a total of $2.6B was raised. Meanwhile, in November, total raised was only $65M, a 97.5% drop—Other

FATF: Financial Action Task Force, global anti-money laundering policymaker, reports that cryptocurrency exchanges in U.K. show low risk for money laundering and terrorist financing activities. They continued that while such activities are an “emerging risk,” there is not enough evidence yet to suggest that they are occurring—Regulation

“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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