Blockchain Market Update – January 28, 2019

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January 28, 2019 by
Blockchain Market Update – January 28, 2019

JPMorganReport on production-weighted cash costs states that cost to create 1 BTC averaged around $4,060 globally in Q4, but there is a big spread around the average, with Chinese miners estimated to spend only $2,400 per BTC by leveraging direct power purchasing agreements with electricity generators such as aluminum smelters looking to sell excess power generation —Mining

Bakkt: Reveals details on its product: Trading screen product name will be “Bakkt BTC (USD) Daily Future”. Each contract will be 1 BTC in size. Prices will be quoted in USD up to 2 decimal places. Minimum price fluctuation will be $2.50 per contract, reducing to $0.01 per BTC on block trades of 10 BTC or more. There will be no upper limit on daily prices and fees will be charged at $0.50 (incorporating both exchange and clearing) per side of a trade. There will, however, be a position limit of 100,000 lots in any one contract date—Project Development

NYSE Arca, Bitwise: NYSE Arca files paperwork for Bitwise Bitcoin ETF approval. Differs from previous efforts because regulated third-party custodian would store Bitcoin. Would also draw pricing data from large number of exchanges, including both spot and physically settled futures markets, to calculate index determining assets’ value—Project Development

South KoreaBithumb, CoinOne, Korbit, and Upbit announces joint Anti Money Laundering initiative to prevent scammers and hackers from trading or swapping cryptos for fiat even if they use different exchanges—Exchange

Bitstamp: Partners with Swiss online bank Dukascopy Bank to enable crypto funding on their platform. Dukascopy clients can now send BTC to their accounts to convert to USD, which they can use to trade on Swiss FX Marketplace. Clients can also withdraw funds back to their cryptocurrency wallets. Bitstamp will service Dukascopy in exchanging fiat funds to BTC and back—Project Development

PolymathSecurity token startup locks up 75M POLY tokens worth $9M for 5 years. Locked tokens account for 7.5% of the total supply and 25% of the circulating supply—Project Development

UnityGame development platform launches new software development kit aimed to make it possible for game creators to monetize their mobile games with KIN cryptocurrency—Project Development

SBI HoldingsLed Series B funding to crypto wallet BRD for a total of $15M to expand BRD’s technology in Japan and across Asia—Project Development

IranInches closer to possible unveiling of state-backed cryptocurrency in near future. Virtual currency is anticipated to be announced at annual two-day Electronic Banking and Payment Systems conference, which kicks off on January 29 in Tehran—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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