Blockchain Market Update – January 4, 2019

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January 4, 2019 by
Blockchain Market Update – January 4, 2019

FSB: Financial Stability Board, an inter-governmental body that makes recommendations based on the health of the world economy and which counts over 20 countries as its members, including the US, UK, China, and India, says that in its initial assessment, virtual currencies are not a threat to the world’s financial stability—Other

Ireland: The Cabinet, executive head of the government of Ireland, approved a bill that would put to effect the European Union Fifth Anti-Money Laundering Directive that was issued to EU member states. The bill will extend the scope of crypto platforms and wallet providers, end anonymity of bank and savings accounts, and improve information exchange among authorities. The directive must be incorporated into their respective national laws by Jan. 20, 2020—Regulation

Chile: Chilean anti-monopoly court has again granted protection to local cryptocurrency exchanges by forcing banks to keep their accounts open., one of the crypto exchanges affected by the previous banking restrictions, states that the anti-monopoly court known as the Tribunal de Defensa de la Libre Competencia held a poll, and most of its members voted in favor of the crypto firms—Regulation

DX.Exchange: Estonia-based company to launch trading platform on Jan. 7, allowing clients to purchase crypto tokens representing shares in different tech firms listed on Nasdaq exchange using select cryptocurrencies or fiat. Company will use Nasdaq’s matching engine to facilitate trading of digital securities. As explained by COO Amedeo Moscato, customers will not be purchasing ownership of shares directly, but will purchase tokens which represent shares in company—Exchange

xRapid: A total of 12 firms have confirmed they have finished integrating or are planning to incorporate technology. Crypto exchanges like, Bitso, Bitstamp, and Bittrex will use xRapid to speed up processing of cross-border transactions. Other users include payment platforms Cuallix, Mercury FX, and Catalyst Corporate Federal Credit Union. Additional companies announced plans to integrate xRapid in future, including SBI Virtual Currencies, IDT, Viamericas, SendFriend, and Bitrue—Project Development

BitTorrentTo launch its own crypto on the Tron network, to be named BitTorrent Token (BTT). BTT will be a TRC-10 token and a total supply of 990 billion BTT will be created. Tron acquired BitTorrent in June 2018, with BitTorrent claiming to have 100 million users—Project Development

Beam: First crypto to use mimblewimble protocol has been released. Mimblewimble protocol is developed as way to make transactions confidential and virtually untraceable, and first appeared in summer 2016. Another crypto that uses protocol, Grin, is slated to release on Jan. 15—Project Development

Bitcoin Cash: According to Coin Dance, BCH mining centralization has reached level where just one pool is controlling half its hashrate. Found that BTC.TOP mining pool, a China-based private entity, took over as much as 50.2% of entire BCH network at some point. It contributed hashrate of 679 Peta-Hash per second against other major competing pools including (257 PH/s), ViaBTC (215 PH/s), AntPool (125 PH/s), and (187 PH/s)—Mining

Bitmain Mining and AntPool now only accounts for 24.07% of BTC’s total network power. It appears that Bitmain is winding down operations to reflect current market conditions. In mid-2018, the mining pools provided as much as 41% of network power—Mining

Bitcoin: Huobi Global published report featuring what they term “dormant Bitcoins,” which have no signs of activity after Jan. 1, 2015. Found that dormant Bitcoins number as much as 4.188M BTC, meaning 24% of BTC is in state of coma. Huobi Global also estimates that 2-3M BTC can never be retrieved, accounting for 12-18% of total supply—Other

“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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