Blockchain Market Update – January 8, 2019

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

Japan: In recent piece by Bloomberg, Japan’s Financial Services Agency  may be looking into approving Bitcoin ETF proposals. The anonymous sources claimed that FSA has abandoned plans to allow crypto-related derivatives, like physically-backed futures (Bakkt), from trading in Japan, but is looking into ETFs instead—Regulation

ETC: Coinbase detected a deep chain reorganization in the Ethereum Classic blockchain that included a double spend. To protect customer funds, Coinbase paused movements of these funds on the ETC blockchain. They have detected eight additional reorganizations that included double spends, totaling 88,500 ETC. Ethereum Classic team has updated from where the extra hash rate might come. According to the team, ASIC manufacturer Linzhi had confirmed testing of the new 1,400/Mh Ethash machines dubbed LavaSnow, and it’s most likely to be selfish mining rather than a 51% attack—Other

Colorado: U.S. state introduced the  “Colorado Digital Token Act” which provides some exemptions from state securities laws for cryptocurrencies. In addition to defining digital tokens, the bill notes that costs and complexities of state securities registration can outweigh benefits for businesses with a primarily consumptive purpose operating in cryptocurrency space in Colorado, with the new act enabling businesses in state that use crypto economic systems to obtain growth capital to help them grow and expand—Regulation

OSL: Largest OTC digital asset brokerage company in Asia Pacific region, has reportedly joined the OTCXN network which, in turn, will be launching its high-performance matching engine, LiquiMatch, as both a Dark Pool and Lit Central Limit Order Book hybrid ECN for cryptocurrencies. Clients on the network will be able to trade on liquidity across all OTCXN trading platforms, including the existing OTC Block Trading venue, via a single collateral account at their preferred custodian—Project Development

Epic GamesFounder Tim Sweeney took to Twitter to say that Fortnite’s brief foray into crypto was accidental. Worked with a partner to open a merchandise store, and somewhere along the way Monero payment was enabled. For now, official stores of Fortnite have canceled Monero as payment option—Other

Nexon CEO: Kim Jung-Ju, founder of South Korea’s largest gaming company Nexon, will sell his stake in firm. It is reported that he recently has paid close attention and may focus on blockchain industry. Cryptocurrency exchange Bitstamp was acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC—Other

Ledger: Crypto wallet provider revealed new, Bluetooth-enabled Nano X device at Consumer Electronics Show in Las Vegas. The added Bluetooth feature means that Nano X can be readily used with mobile devices, a pain point for many users of current Ledger S—Project Development

Nano: Cryptocurrency’s developers and other parties received class action lawsuit led by James Fabian, marking the second class action lawsuit set against Nano. Among the allegations against them are fraud and violations of the Securities Act. The lawsuit alleges that Nano, Francesco Firano, BitGrail, and four others tricked investors—Other

NevadaTwo counties have integrated blockchain technology or are running trials for use in issuing digital marriage certificates. 950 of those, which use smart contracts on Ethereum blockchain for security, have been issued to couples residing within and outside Nevada since April 2018. However, according to local officials, willingness to automatically accept new format is mixed—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)
$10,154.31
Ethereum (ETH)
$190.22
Bitcoin Cash (BCH)
$308.40
XRP (XRP)
$0.273181
Litecoin (LTC)
$74.14
Cardano (ADA)
$0.052397
IOTA (MIOTA)
$0.274210
Dash (DASH)
$92.53
NEM (XEM)
$0.055626
Monero (XMR)
$81.39
Stellar (XLM)
$0.070110
EOS (EOS)
$3.66
TRON (TRX)
$0.018100
Bitcoin Gold (BTG)
$13.88
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