Blockchain Market Update – January 3, 2019

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January 3, 2019 by
Blockchain Market Update – January 3, 2019

UNICEF France: Now allows individuals to donate Dai, MakerDAO’s Ethereum-based stablecoin, to fund open-source exploration of blockchain for social impact. The Dai donations will be used to create global bounties that will help fund blockchain projects around the world—Project Development

New YorkNow the first state in the U.S. to create a cryptocurrency task force to study how to properly regulate, define, and use cryptocurrency; as of last week, NYS Governor Andrew Cuomo signed into law “The Digital Currency Study Bill, A8783B.”—Regulation

South Africa: Crypto assets regulatory working group has been established by gov’t. Tito Mboweni, South African finance minister, notes that once relevant industries participate in the project, the working group will be ready to release a final research paper on subject during course of 2019. Moreover, the South African Revenue Service is working to include cryptocurrencies in the tax forms for 2019—Regulation

Philippines: Regulators postpone issuance of final rules on ICO offerings to mid-January. While the Philippine SEC expected to issue the ICO regulations by the end of last year, it was postponed as various stakeholders requested more time to enable them to familiarize themselves with draft ICO regulations. Public comments will continue to be received by SEC ‘til mid-January—Regulation

EOS Dapps: According to security firm PeckShield, there have been 20 hack attacks against EOS gambling Dapps this December alone, resulting in loss of 348,204 EOS. This is a six-fold increase compared to November and marks largest loss in second half of 2018. Among all types of attacks, “replay” has stood out as hackers’ first choice and majority of security issues were related to random number generators. Other issues include leak of private keys and fake asset transfer notifications—Other

BTCC: Rumours that Yang Linke, founder of BTCChina, has completed purchase of BTCC, acquiring 100% of the company’s stock rights. BTCC is a Hong Kong-based Bitcoin exchange that was once the world’s second largest by trading volume in 2014—Exchange

Lightning Network: Continues to expand, reaching milestone of 5,005 nodes sustaining network, rising by 16.40% in past 30 days; while channels hit 17,104, up by 36.10%. Capacity of LN is now 532.16 BTC—Project Development CEO: Brendan Blumer says EOS community should consider the introduction of voter rebates from BP candidates to introduce free market pricing to block production, drive more value back to token holders, and increase voter turnout—Other

ParagonAltcoin that aims to reform cannabis industry briefly broke into top 20 cryptocurrencies by market cap. However, it seems that price manipulation was the cause of Paragon’s short-lived success, as coin quickly slid back down to #131. In terms of price, Paragon experienced an exponential increase, driving the coin’s value from $0.17 to $10.28 in just a few hours before falling back down to $0.22 again—Trading

“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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