Blockchain Market Update – January 9, 2019

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January 9, 2019 by
Blockchain Market Update – January 9, 2019

Russia: Vladislav Ginko, lecturer at Moscow’s Russian Presidential Academy of National Economy and Public Administration, believes new U.S. sanctions will push Kremlin to diversify cash reserves into BTC, which could happen in weeks. Ginko predicts central bank of Russia will start diversifying the almost $470 billion sitting in reserves, speculating at least $10 billion into BTC in the first quarter of this year—Regulation

ThailandThailand’s Finance Ministry authorized operating licences for four digital asset businesses and denied licences for two businesses seeking to become authorized exchanges. Three businesses approved as authorized digital asset exchanges are Bitcoin Co, Bitkub Online and Satang Corporation. Coins TH also approved as licensed broker and dealer of cryptocurrencies. Cash2Coins and Southeast Asia Digital Exchange were denied because their asset maintenance system and KYC system did not meet Thai SEC’s standards—Regulation

Japan FSA: Financial Services Agency strengthened its policy on fundraising via virtual currency. Rules that businesses engaged with financial products and seeking fundraising through crypto will be subject to regulations by Financial Instruments and Exchange Act. Prohibits unregistered contractors from seeking investment of money, but currently no description about virtual currency—Regulation

Canaan Inc.China’s second-largest maker of BTC mining hardware is considering a listing in the U.S. after shelving plans for a Hong Kong IPO. Canaan’s IPO could be launched in the first half of this year in New York, although the process is still in its early stages—Other

ETC 51% Attack: allegedly located ETC address of attacker. During 51% attack that lasted about 4 hours, recorded 7 rollback transactions, 4 of which were done by attacker which netted 54,200 ETC. attributes attacker’s success to slump in hash rate sustaining the network—Other

Charlie Lee: LTC founder warns public against cryptos that are not dominant in their respective mining algorithm, otherwise known as “NiceHash-able.” Slovenia-based crypto cloud mining farm NiceHash had loaned out a multitude of hash power prior to ETC 51% attacks, which drew speculation that hacker was client of platform. Lee notes ETC has less than 5% of total Ethash hashrate, and is 98% NiceHash-able—Mining

Bitmain: Currently suspected of outsourcing its mining machine production and maintenance department, conducting its production, inspection, aging, packaging, distribution warehouses, etc. through third parties. Bitmain has neither confirmed nor denied matter, deferring to its published prospectus—Other

Ethereum: Ethereum core developer Peter Szilagyi announces that ahead of Ethereum mainnet launch, the planned Ethereum hard fork will go live on Rinkeby testnet at 13:00 (UTC) on Wed., Jan. 9—Project Development

E-guardian: Japan-based Internet security firm launches new service targeting cryptocurrency exchanges in need of official license from Financial Services Agency. This new service is said to support cryptocurrency exchanges to learn about and pass FSA’s reviews to acquire a license—Project Development

Pakistan, AlipayGovernor of Central Bank of Pakistan announced country’s first blockchain-powered cross-border remittance project. Ant Financial, financial arm of Alibaba, reveals technical solution was provided by Alipay. Soon, Pakistanis working in Malaysia will be able to remit funds to Easypaisa, Pakistani version of Alipay, through remittance service provider Valyou—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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