Blockchain Market Update – December 7, 2018

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December 8, 2018 by
Blockchain Market Update – December 7, 2018

Huobi: Major crypto exchange gains a DLT licence in Gibraltar, leveraging the U.K.’s friendly regulations on the crypto industry. They aim to use their new status to launch an international platform geared to both retail and institutional traders, with the new license giving Huobi the authority to store and transmit digital assets on behalf of clients worldwide—Exchange

U.S. SEC: Again delays VanEck-SolidX Bitcoin ETF decision date to Feb. 27, 2019—Regulation

Australia: Passes the Assistance and Access Bill of 2018 and amends various existing legislation to “establish frameworks for voluntary and mandatory industry assistance to law enforcement and intelligence agencies in relation to encryption technologies…” In other words, the gov’t can compel a private tech company to spill the contents of private citizens’ messages—Regulation

Bithumb: Cryptocompare, cryptocurrency market data aggregator, published its monthly exchange review for November 2018. They have found that Bithumb overtook Binance as the largest spot exchange, with the platform seeing a 284% increase in volumes from their monthly average of $323 million for the previous two-month period. Bithumb reached a total of $1.24 billion in November, with Binance at just $641 million and ZB coming in at third place with $560 million—Trading

BTC, Billionaires: A new report suggests that some of the world’s wealthiest individuals are quietly buying Bitcoin during the prolonged bear market. With prices at a one-year low, billionaires are reportedly accumulating Bitcoin and waiting for the next bull run. The report comes from Abacus Journal, which states that billionaires and their hedge funds have been accumulating crypto over the last few months—Trading

U.S.: Members of the House plan to introduce two bills: One bill directs the CFTC to describe how price manipulation could happen in virtual markets, then recommend regulatory changes. Another seeks to keep the U.S. competitive in the global industry by having the CFTC recommend regulatory changes based on a comparative study of crypto regulation abroad—Regulation

BDCenterBelarus-based digital marketing and consulting firm, analyzed 30 most popular exchanges and found that U.S., Russian, and Chinese traders represent almost 60% of the crypto traders on exchanges, with the U.S. leading with over 30% representation—Other

Ledger, Neufund: Crypto hardware wallet firm partners with German crypto startup to let users manage security tokens using Ledger’s desktop app and develop a framework for security tokens. Their plans will come through, Ledger Live, a recently launched desktop application for crypto asset management, which will soon support ERC-20. The app will let users manage security tokens issued using Neufund’s set of protocols—Project Development

U.S. DHS: Department of Homeland Security wants to know if it’s feasible to track transactions conducted using privacy coins. They are now seeking to fund anti-counterfeiting solutions from blockchain startups, offering grants of up to $800,000—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)
$3,668.08
Ethereum (ETH)
$123.26
Bitcoin Cash (BCH)
$129.99
XRP (XRP)
$0.328371
Litecoin (LTC)
$31.74
Cardano (ADA)
$0.044757
IOTA (MIOTA)
$0.315839
Dash (DASH)
$72.44
NEM (XEM)
$0.057354
Monero (XMR)
$45.56
Stellar (XLM)
$0.108501
EOS (EOS)
$2.50
TRON (TRX)
$0.025119
Bitcoin Gold (BTG)
$11.84
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