Blockchain Market Update – January 17, 2019

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January 17, 2019 by
Blockchain Market Update – January 17, 2019

Binance: Expands to EU market, launching platform for fiat-to-crypto trading dubbed Binance Jersey. It is designed to trade EUR and GBP with BTC and ETH within EU and the UK—Exchange

ETCCrypto exchange confirms hackers of recent 51% attack on ETC returned all stolen coins, totaling 122,735 ETC. Attacker has so far refused to respond to efforts to be contacted—Other

BitPayBTC payment company processed over $1B in payments and set new record for transaction fee revenues by adding new customers like Dish Networks, HackerOne, and State of Ohio. BitPay’s B2B business also had record year as grew almost 255% from previous year, as many law firms, data center providers, and IT vendors signed up to accept Bitcoin—Project Development

BitGo, Genesis Trading: Crypto custodian and OTC specialist partners to enable institutional investors storing digital assets with BitGo to use Genesis’ platform to execute trades at speed of traditional financial marketsThrough using  BitGo Trust wallet, coins never leave BitGo system, just going from client to Bitgo to Genesis without being exposed to hot wallets and public blockchains. BitGo/Genesis solution also aims to address counterparty and settlement risk associated with OTC crypto trading known as “who goes first” problem—Project Development

R3: Enterprise blockchain software firm launches Corda Network, to be operated and overseen by newly created not-for-profit organization, Corda Network Foundation. R3 has gathered over 300 partners across multiple industries to collaborate with Corda—Project Development

Giga Watt: Bankrupt BTC miner confirms it has ceased day-to-day operations. While it has continued to operate since it filed its bankruptcy 2 months ago, both access and power to facilities where Giga Watt operates have been closed down—Other

VP Capital, Larnabel Ventures: Belarus-based venture firms launch platform to allow users to buy tokenized traditional assets like gold, oil, shares, and more, all using crypto. Project has allegedly been given a nod by Belarus gov’t as unveiling of platform was broadcasted by state news agency BelTa—Project Development

EOSAnother three dApps were attacked: playgames, 21Dice and Super Monopoly. All three were hit by transaction congestion attack previously used on EOS.Win, FarmEOS, LuckBet, EOSDice, and STACK DICE. Security firm SlowMist recommends that all dApps with on-chain random number scheme should be suspended immediately and upgrade their risk control mechanism—Other

ABCCCrypto exchange partners with TRON to become first platform to list TRC10 tokens. ABCC is also slated to add support for TRC20 tokens—Exchange

BulgariaStarted investigation on crypto exchanges to demand taxes from profits investors made from trading digital assets. National Revenue Agency categorizes cryptos as financial assets, incurring 10% tax on profits made—Regulation

GMEXLaunches two new products: ForumCustody and Forum Wallet. With those releases, GMEX has extended support to provide digital custodian services to high-volume digital asset holders. Both will be part of GMEX Fusion product suite, which provides digitally enabled hybrid trading and post-trade solutions for exchanges, clearing houses, and central securities depositories—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)
Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
Bitcoin Gold (BTG)
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