Blockchain Market Update – December 26, 2018

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December 26, 2018 by
Blockchain Market Update – December 26, 2018

Whatsapp: Reported that Facebook is developing native payment system, creating cryptocurrency that will allow users to transfer money on WhatsApp, which operates under Facebook’s umbrella. Initial focus is on remittance market in India, with over 200 million users. According to statistics from World Bank, India leads globally in remittances, with people sending $69 billion to India in 2017—Project Development

Clovr: Revealed significant upsurge in use of cryptocurrency in remittances across globe. Study surveyed responses of 707 people revealing 20 countries receiving most remittances from U.S. in 2017. Breakdown of money transfer methods shows roughly half of surveyed people indicated they use PayPal and money transfer services like Western Union, compared to 15.8% who use cryptocurrency—Other

Russia: According to BBC Russia, Roskomnadzor, Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media, is planning to acquire new technology to better combat banned websites and online platforms. Agency is ready to spend up to 20 billion rubles (over $500 million) on its implementation and planning to use DPI (deep packet inspection) technology to improve its efforts to restrict access to Telegram and other banned platforms—Regulation

BTC Private: BTCP Contribution Team has requested for deposit and withdrawal to be closed on exchanges trading BTCP based upon report released by CoinMetrics containing recent discovery concerning Bitcoin Private fork. Independent third-party technical audit uncovered that large quantity of Bitcoin Private coins (approx. 2 million BTCP) were allegedly created during the fork-mine. Upon public release of the article, BTCP Core Team of developers immediately launched an investigation to ascertain whether or not the alleged findings of an additional amount of BTCP coins were true—Project Development

Bitmain: Confirmed massive lay-off, with its Beijing company planning to let go about 700 employees. Revealed that Bitmain’s Beijing office will only keep about 300 people after the lay-off—Mining

JD.com: Launched its blockchain service platform, JD Blockchain Open Platform, which has access to more than 500 domestic and foreign top brands. Blockchain tech and application has more than 35,000 SKUs and has been verified by 1.2 billion traceability data—Project Development

GMO: Japanese IT giant released report titled “Notice on Special Loss Resulted from Restructuring of Virtual Currency Mining Business” on Dec 25. Report reveals that mining machines development, manufacturing and sales operations will be cancelled due to serious losses in the mining business—Project Development

DMM Group: Japanese e-commerce and entertainment conglomerate announced cancellation of release of crypto exchange “Cointap.” DMM revealed cancellation is mainly from drop in cryptocurrencies and increased supervision by FSA—Project Development

Binance: Adds TRX/XRP and XZC/XRP Trading Pairs—Exchange

“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
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