Blockchain Market Update – December 4, 2018

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December 4, 2018 by
Blockchain Market Update – December 4, 2018

Glassdoor: Blockchain related jobs are booming despite the price deflation. The findings, which originally appeared in mid-October, covered an 18-month period from April 2017 through August 2018. In that time, the number of job openings related to both Bitcoin and Blockchain grew almost every month, even as the Bitcoin price began to fall after December last year—Other

U.S. Wyoming: Voted 13-1 approving a bill that allows banks to provide financial services with blockchain-based assets. According to the new bill, there will be a new type of financial institution, called “Special Purpose Depository Bank”, which will be designated to provide services to blockchain innovators—Regulation

NEO: Critical bug allows hackers to remotely steal crypto. Tencent Security Labs, security branch of Chinese internet giant Tencent, identified the bug and has issued guidelines on how to patch it to avoid losses. Users who start a node on the NEO network with the default configuration are at risk of losing tokens issued via the NEO platform, in addition to the NEO token itself—Other

ETC: Leading development team ETCDEV shuts down due to difficulty to continue operations. The market crash as well as a cash crunch within the company left them with no funding to continue development. While there are many other teams working on ETC, ETCDEV’s exit from the scene spurs fears among the community—Project Development

Grandshores Technology: Announces Li Xiaolai as executive director of the company. Responsible for the stabilization of the digital currency system (focusing on the international mainstream currencies), the public database based on the Directed Acyclic Graph and the Trusted Execution Environment, and other projects related to the application of blockchain technology. Grandshores Technology’s involvement in five key areas of blockchain include: 1. Service field for digital currency mining; 2. Exchanges; 3. Payments; 4. Application landing; 5. Fund management—Project Development

Zoom: HD video conference system shows high-risk vulnerability that allows hackers to remotely control attacks on users using the desktop version of Zoom (includes MacOS, Linux and Windows) by constructing malicious UDP packets on the same network segment or through remote operation. Zoom has released a new version to fix this vulnerability, and users should update immediately—Other

Consensys: Ethereum development studio is restructuring as part of move to streamline its business amid the crypto bear market. Under the reorganization into a new phase called ConsenSys 2.0, Consensys CEO Joseph Lubin said they will eliminate underperforming projects and place a renewed emphasis on creating tangible value—Project Development

Itaú, Standard Chartered: Itaú Unibanco Holding SA and Standard Chartered have partnered to develop blockchain-based platform for small syndicated loans, expected to first go live in Latin America—Project Development

OKExLikely to launch Perpetual Swap Trading on Dec. 11. A perpetual contract will never expire, and users can withdraw their profits at any time. Lowest fee for maker is set at -1.5 bps and for taker, 3.5 bps. The first of such contract will be started with BTC, with the highest leverage ratio being 100—Exchange

Venezuela: President Nicolas Maduro orders price of Petro to more than double from 3,600 Sovereign Bolivars to 9,000. While the wallet for the Petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers—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.

Name Price
Bitcoin (BTC)
$3,312.51
Ethereum (ETH)
$86.12
Bitcoin Cash (BCH)
$88.15
XRP (XRP)
$0.298739
Litecoin (LTC)
$23.49
Cardano (ADA)
$0.029081
IOTA (MIOTA)
$0.216967
Dash (DASH)
$61.51
NEM (XEM)
$0.065471
Monero (XMR)
$42.10
Stellar (XLM)
$0.104779
EOS (EOS)
$1.86
TRON (TRX)
$0.013093
Bitcoin Gold (BTG)
$11.31
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