Blockchain Market Update – February 8, 2019

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February 8, 2019 by
Blockchain Market Update – February 8, 2019

TelegramIn its latest investor update, claims that Telegram Open Network is now 90% complete, yet Telegram has delayed its testnet launch to March 2019. The original launch date was expected to be January 2019—Project Development

Abra: Crypto platform will give users in 155 countries ability to purchase fractions of U.S. stocks and ETFs with XRP. Feature is already rolling out using BTC, and company CEO Bill Barhydt notes those features will also come for XRP—Project Development

Ethereum FoundationLeading a $15M venture to develop technology called Verifiable Delay Functions. Said technology is designed to act as source of computer-generated randomness that is wholly unpredictable, tainted with no bias, and for upcoming proof-of-stake system the Ethereum network will migrate to in future—Project Development

SEC CommissionerRobert Jackson, in a leaked interview, noted that Bitcoin ETF would eventually be approved; the only question left is when it will be approved. The full interview is scheduled to be released on Feb. 11—Regulation

Airswap: ERC20 decentralized exchange protocol announced ability to support a fiat on-ramp directly through integration with Wyre, a blockchain payment technology company. Users will be able to exchange fiat currency (USD, GBP, EUR, AUD) for cryptocurrency (ETH) – all within their self-custodied wallet using AirSwap trading interface. Integration allows individuals to purchase cryptocurrency via ACH/wire bank transfers, without ever having to deposit funds onto a centralized exchange—Project Development

ICObenchICO rating and review service reports that ICOs raised 25% less funds in Q4 2018 compared to Q3 2018. Despite Q4 2018 having more projects starting their ICOs, numbering 594, the total raised for the quarter is only $1.4B, compared to the 554 ICOs raising $1.8B during Q3 2018. Notably, despite ETH dropping in value, 88% of ICOs still accept ETH as payment—Other

UAE: Ministry of Finance of United Arab Emirates will discuss development of blockchain and digital assets in UAE at the 7th World Government Summit, with the MoF to hold two closed sessions devoted to global financial trends, including development of blockchain and digital currencies and building a feasible economic environment around those technologies—Regulation

Credit SuisseAsset management arm successfully tested blockchain to process an unspecified number of investment fund trades. Portugal’s Banco Best and Luxembourg-based Fundsquare were involved in test. Credit Suisse confirms test was conducted but did not say whether they would use the technology more widely—Project Development

Binance CEOChangpeng Zhao says they have definite plans to partner with Ripple and use their xRapid solution. So far, both companies have yet to iron out the details, with Binance remaining focused on launching Binance Chain and BinanceDEX—Other

CoinbaseCoinbase Earn, an educational product by Coinbase, now expands its reward scope to include BAT while it firstly focused on 0x. Coinbase Earn is now offering cryptocurrency investors and enthusiasts chance to learn about Brave Browser while earning its native token of Basic Attention Token—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.

Name Price
Bitcoin (BTC)
$10,587.31
Ethereum (ETH)
$223.83
Bitcoin Cash (BCH)
$311.93
XRP (XRP)
$0.323256
Litecoin (LTC)
$99.78
Cardano (ADA)
$0.058711
IOTA (MIOTA)
$0.307481
Dash (DASH)
$111.61
NEM (XEM)
$0.068276
Monero (XMR)
$84.22
Stellar (XLM)
$0.088108
EOS (EOS)
$4.11
TRON (TRX)
$0.025877
Bitcoin Gold (BTG)
$27.01
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