Blockchain Market Update – December 19, 2018

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December 19, 2018 by
Blockchain Market Update – December 19, 2018

Tim Draper: U.S.-based venture capitalist invested $1.25M in OpenNode, a BTC-only payments processing startup. The raised funds will be used to expand its team and improve their legal and compliance efforts—Project Development

Tether: From bank statements seen by Bloomberg, Stablecoin company Tether earned at least $6.6M in interest between January 2018 and July 2018. The report further reveals that while Tether may have the cash reserves it claims, based on the contents of several bank statements leaked by an insider, many questions still remain unanswered regarding the source of the funds and their present location—Other

HKEX: Hong Kong Stock Exchange denies rumour that they were hesitating to list the IPO of Bitmain. When asked for verification and details on Bitmain’s IPO status, the spokesperson responded that HKEX does not comment on rumours—Financial Institution

Medici Ventures: Completed $3.6M digital securities token transfer using the Ravencoin blockchain. The digital security was issued by Chainstone Labs to Medici Ventures after Medici Ventures purchased a 29% stake in Chainstone Labs—Project Development

Coinbase Ventures: Crypto data startup Nomics secured $3M in funding from investors including Coinbase Ventures. The funding would be used to flesh out Nomics’ engineering team, as well as continue working to index 95% of all data on how crypto assets are traded—Project Development

BinanceTo open trading for ADA/TUSD, TRX/TUSD, and NEO/TUSD trading pairs at 4:00 (UTC) on Dec 19, 2018—Exchange

Coinbase Pro: Adds four more Ethereum tokens to its platform: DAI, GNT, MKR, ZIL. However some regional restrictions are in place, with GNT and DAI available in the UK, EU, Canada, Singapore, Australia, and the U.S. except New York. MKR and ZIL will only be available in the UK, EU, Canada, Singapore, and Australia—Exchange

CSPay: Third-party cryptocurrency payment platform announced its formal entry into the Hong Kong market. Their platform accepts crypto deposits, while holders only need to install the app on the phone to make payments. Users can also use their credit cards to purchase BTC directly on the platform—Project Development

South Korea: A spokesperson of Chong Wa Dae, home of SK’s head of state, says that members of the anti-corruption secretarial office are collecting crypto related materials to study developments, illegal behaviors and speculative events, and formulate relevant policies. This is to clarify claims that SK was collecting data to monitor and verify civilian personnel—Regulation

Belgium FSMA: Financial Services and Markets Authority, the financial regulatory agency in Belgium, updated its warning list and added 14 additional cryptocurrency trading platforms that it suspects are scams. The list of suspected cryptocurrency scams now includes a total of 113 websites—Regulation

Australia ATO: Australian Tax Office sent warnings to Australians to declare annual gains from cryptocurrency. Australia sees cryptocurrency as properties and not currency, which Australians are liable to pay capital gains tax on digital assets sold for a profit after July 2017—Regulation

Tagomi Holdings: Electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm  has now launched. Tagomi is an electronic brokerage for digital assets. The firm’s offerings include cross market execution, capital management, post-trading reporting, as well as settlement and custodial services—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.

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