Blockchain Market Update – February 11, 2019

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February 11, 2019 by
Blockchain Market Update – February 11, 2019

Binance ChainWill charge close to $100K to list new coins on the decentralized exchange. Fee was made deliberately higher to reduce spam or scam projects and will be adjusted as needed—Exchange

BakktCEO of Bakkt’s parent company, Intercontinental Exchange, expects that Bakkt will launch later in 2019. This follows Bakkt’s finalizing their acquisition of Rosenthal Collins Group to build out their infrastructure, as well as making key hires in Erik Haas and Rachel Ford with both to serve as directors at Bakkt—Project Development

SECIn her latest speech, SEC Commissioner Hester Pierce has stated not all initial coin offerings are securities. She states that blockchain doesn’t “fit neatly” within agency’s “securities framework” and also that “tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities”—Regulation

Brazil: New president Jair Bolsonaro promotes economist Roberto Campos Neto as Head of the Central Bank to make country a regional reference in adoption and use of blockchain and digital assets. Mr. Campos has been a strong proponent of blockchain technologies. He must have Senate’s ratification in order to assume position. This decision could happen in late March if everything goes according to plan —Other

South KoreaExcludes UPbit, GoPax, Coinis, and riPPle4y from Venture Firm Certification, which provides small and medium businesses with tax breaks, relaxed government policies, and privileged support for raising funds and acquiring credit lines. The four exchanges now face a 100% increase in income and corporate tax and cannot benefit from more than 75% cut in acquisition tax. Moreover, credit guarantees offered by national banks will now disappear—Regulation

VenezuelaNow regulating cryptocurrency remittances. Regulators have set a monthly limit and will be collecting commissions of up to 15% of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced—Regulation

Union BankEnters partnership with Ripple to launch crypto ATMs in the Philippines, where users can trade digital assets for Philippine Pesos. The bank will partner with xRapid-powered e-wallet and financial services firm,—Project Development

Bithumb: Launched global OTC trading desk for trading digital assets. Hong Kong-based venture, Ortus, is a block deal, matchmaking service for institutional clients. Through Ortus, clients will be able to buy or sell digital assets through a network of global liquidity providers—Exchange

LongHash: Crypto information resource shows only 180 out of 1812 Ethereum dApps had associated ERC-20 transactions. This equates to only 10% of dApps are actually active daily—Other

EthereumEthereum Foundation refutes alleged plans to allocate $15M investment to develop Verifiable Delay Functions for use in its transition to a proof-of-stake network. Clarification was made by Foundation researcher Justin Drake—Project Development

“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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