Blockchain Market Update – December 20, 2018

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December 20, 2018 by
Blockchain Market Update – December 20, 2018

Coinbase: Aiming to significantly expand number of digital assets listed on its platform, prompting them to move retail traders’ crypto assets, worth about $5B, into its upgraded storage model. According to Coinbase, that migration included 5% of all BTC, 8% of all ETH, and 25% of all LTC in circulation, respectively—Exchange

BetDice: Announces they lost around 200K EOS from hacker who reversed transactions on losing bets. Within 10 minutes of discovering suspicious activities, they made an emergency game stop and submitted their smart contracts for review. The conclusion was that BetDice’s contract was safe and the attack was an exploit of EOS nodes, and not due to a vulnerability on the contract level—Other

HKEX: Citing two sources familiar with the matter, South China Morning Post claims that Hong Kong Stock Exchange is reluctant to greenlight Bitmain’s IPO, with HKEX noting that it would be premature for any business associated with crypto to raise funds through an IPO in Hong Kong before the proper regulatory framework is in place—Regulation

Coincheck: According to Japanese Nikkei newspaper, Japan’s Financial Services Agency has approved Coincheck’s application for a cryptocurrency exchange. The report states that an official announcement will be before year’s end. However, Monex Group, parent company of Coincheck, responded that it hasn’t confirmed the matter to the newspaper, although their application is under consideration by the FSA—Exchange

France: France’s National Assembly has rejected a number of tax amendments aimed at lowering taxes for cryptocurrency traders and users. Among rejected amendments are those concerning capital gains and losses and crypto tax exemptions—Regulation

WavesSecured $120M in funding round and will use the capital to launch its private blockchain platform and system integrator called Vostok. The funding round was led by Dolfin, a London-based financial services group, along with other private investors—Project Development

Square: Payments company founded and run by Twitter CEO Jack Dorsey is reportedly refiling its application for a bank licence in the U.S. The banking licence was part of their push to grow into a financial institution to compete with established lenders—Project Development

eToro: Gibraltar’s financial services watchdog has awarded eToroX, cryptocurrency arm of social trading network eToro, its licence for blockchain firms using distributed ledger technology. The move comes few weeks after Huobi and Coinfloor received Gibraltar’s first DLT licences since Gibraltar instituted its crypto regulatory framework—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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