Blockchain Market Update – December 18, 2018

Home » Blockchain » Blockchain Market Update – December 18, 2018
December 18, 2018 by
Blockchain Market Update – December 18, 2018

Japan FSA: Financial Services Agency has published its draft report outlining new cryptocurrency regulations. The report contains measures in areas that are not currently addressed in existing laws such as hacking incidents, self-regulation, deemed dealers, privacy coins, and margin trading—Regulation

Hong Kong SFC: Securities and Futures Commission is looking to tighten current cryptocurrency laws as concerns over crypto-crime and money laundering heighten across Southeast Asia. As Hong Kong is one of the world’s leading financial epicenters, the SFC is set to reevaluate cryptocurrency laws, especially in terms of regulating the ICO sector—Regulation

Coinbase: Converting cryptos is now available on Coinbase, with conversions available for BTC, ETH, ETC, LTC, 0x, and BCH. The feature is available on Coinbase.com and the Android and iOS apps—Exchange

South KoreaIn enlarged meeting on economic affairs, to add blockchain tech to New Growth Research and Development business group in 2019, which will move the tax credit rate to 30–40%. The meeting also announced South Korea’s pushing forward all the possible policies aimed to improve the economic dynamism of SK—Regulation

HKEX: According to person involved in the talks, Hong Kong Stock Exchange is reluctant to approve the IPO applications of Chinese BTC mining equipment manufacturers like Bitmain because of the crypto market’s sharp ups and downs. Canaan Creative’s application has already lapsed, and both Ebang and Bitmain face a high bar in convincing HKEX to list their IPOs—Financial Institution

Bibox: Chinese digital asset exchange acquired 100% of shares in Dex.top, a decentralized ERC30 exchange that also operates from Beijing. Details on the transaction remains unknown. Bibox, which handles $236M of daily trading volume, will be assisted by Dex.top to expand its product offering—Exchange

Ethereum: Etherscan data shows that as of Dec. 15, the number of unique Ethereum addresses exceeded 50M. Daily average growth of the address reached 168,500 and highest increase of 352,888 new addresses was recorded on Jan. 4. Additionally, per BitInfoCharts, active Ethereum addresses have steadily declined this year, with January recording 1.1 M, and dropping down 70% to 328,400 as of Dec. 16—Other

GSR Capital: Hong Kong-based private equity partners with tZERO to develop smart contract token to be used for upcoming sale of cobalt. Subject to compliance with applicable regulator requirements, the sale is expected to offer recurring tranches of electric vehicle battery-grade cobalt, with up to $200M of the material projected to be available for sale in 2019—Project Development

Egypt Central Bank: Testing feasibility of digital version of the Egyptian pound. In line with various authorities in the vicinity, Egypt believes a blockchain-based digital version of its fiat currency can help keep issuance and transaction costs to a minimum compared to coins and banknotes—Project Development

KPMG Consultant: Matthew D’Souza, co-founder of Blockware Solutions, notes that while bear market caused many mining facilities to shut down, experienced miners are getting creative and capturing greater market share. Several large American miners purchased thousands of new S9s at bulk discounted rates preemptively, anticipating enforcement of U.S.-China tariffs—Mining

“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
© Copyright 2018. HybridBlock News.