Blockchain Market Update – December 27, 2018

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December 27, 2018 by
Blockchain Market Update – December 27, 2018

Microsoft and Amazon: Add Ontology to their online marketplaces and Google is expected to do the same in January 2019. The Ontology blockchain DApp product is built on a cloud service, which includes Block Explorer, SmartX and the Ontology standalone test environment. The DApp will be available for free to users around the globe and can be deployed in just one click—Other

Visa: Payments giant Visa just acquired Ripple partner Earthport for around $250 million, according to a new report from Reuters. The London-based company handles international transactions for banks and businesses, and partnered with Ripple back in December of 2014—Other

India: Indian government could possibly legalize cryptocurrencies, but with tough terms and conditions attached, according to New Indian Express article. Interdisciplinary committee set up by government to investigate crypto is not in favor of an outright ban—Regulation

BitMEX: Crypto exchange partnering with Madison Holdings Group, which is currently listed on Hong Kong Stock Exchange, to acquire majority stake of Japanese crypto exchange BitOcean. Reportedly plan to acquire a 62.7 percent stake of BitOcean for 1.68 billion yen ($15.12 million) in addition to a further $15 million in extra fees. BitOcean is a crypto exchange that is officially registered with the Japanese regulator, the Financial Services Agency, even as it has yet to go live with trading services—Exchange

Zaif: Issues its future schedule and plans to resume trading service of some cryptocurrencies. The exchange also plans to restart new account registration, points system, affiliate program, Zaif payment, cooperation with Manepa Card and system integration of FCCE and ZAIF—Exchange

Mizuho Bank: Japan’s Mizuho Corporate Bank and regional banks will launch digital currency in March. Mizuho Bank is one of three largest banks in Japan, with revenue of approximately $10.6 Billion in 2018. Reported earlier that National Banking Association of Japan announced it will begin trials of introducing blockchain technology in bank settlement system in December, Mizuho Bank included—Financial Institution

South Korea: Chairman of South Korea Financial Committee revealed that survey of ICO is completed in general, but it still needs to be analyzed and concluded. Therefore, result of ICO investigation might be finished within January—Regulation

SIRIN Labs: Nimrod May, Chief Marketing Officer for SIRIN Labs, revealed that first blockchain smart phone FINNEY devices sales goal for entire year was achieved “in less than 10 days” and right now company is focusing on mass producing the first 10,000 units to meet demand. SIRIN’s CEO Moshe Hogeg revealed that mobile phone distributors had committed to 160,000 units of FINNEY phone—Project Development

Stable Report: Institutional players have begun to realize potential of stablecoins, per crypto research group Stable Report. As of November, the total investments made into the stablecoin space has touched $3 billion, with the introduction of more than 120 stablecoin projects this year—Other

“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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