Blockchain Market Update – November 15, 2018

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November 15, 2018 by
Blockchain Market Update – November 15, 2018

Kakao Corp: Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk enters into a partnership with Terra stablecoin project. The partnership is aimed to develop Terra’s blockchain-based payment system—Project Development

New York DFSDepartment of Financial Services granted its 14th virtual currency license to NYDIG, allowing them to offer liquidity and asset management services to New York residents. Further, DFS has granted NYDIG Trust Company, a subsidiary to the main entity, permission to operate as a limited purpose trust company. NYDIG is now able to offer custody and trade execution services, including services for BTC, BCH, ETH, XRP and LTC—Regulation

Susquehanna: According to the trading and technology firm, mining ETH using GPU is no longer profitable, with the profit per month for ETH miners using GPU-based setups hitting $0 as of Nov. 1 this year, down from almost $150 in July 2017. Susquehanna points to the bear market and declining network hashrates as the cause—Mining

Iran: Informatics Services Corporation, private tech wing of the Central Bank of Iran, confirmed the development of crypto-rial. The state now plans to deploy the crypto-rial on Iranian commercial banks in coming days, which would enable them to use the tokens as a payment instrument in transactions and banking settlement as noted by ISC CEO Seyyed Abotaleb Najafi—Other

IMF: Christine Lagarde, head of the International Monetary Fund, said that central banks should consider issuing their own cryptocurrencies to make transactions more secure. State-backed cryptocurrencies could also satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention—Regulation

Omisego: Signed MOU with Mass Vehicle Ledger, the company behind the popular ride-hailing app TADA. Agreement will see the two companies collaborate on research and technical development and collaboration might even see the two working together to bring crypto payments to the taxi service—Project Development

Arket: The H&M in-house brand confirmed it is testing cryptocurrency payment integration powered by blockchain technology developer VeChain. A spokesperson from Arket said that H&M has been running a minor blockchain implementation to trace product data, but did not disclose how widely it is being tested or in which locations—Project Development

KuCoin: Singapore-based cryptocurrency exchange announced that IDG Capital, Matrix Partners and Neo Global Capital have agreed to invest a total of US$20 million in the startup’s Series A funding round—Exchange

GSX: Gibraltar Stock Exchange announced joint venture with the publicly-listed Hong Kong-based Chong Sing Fintech Holdings Limited and blockchain development company Prime Fintech Co. to establish the group Hashstacs Inc. Will be developing the Securities Trading Asset Classification Settlement (STACS) Protocol, a public permissioned hybrid global blockchain that will support the issuance, trading, clearing and settling of digital securities—Project Development

Kik: Messenger app is shifting away from Ethereum and moving to Stellar as it continues development of its cryptocurrency, Kin. Kik announced that it will close Kin’s atomic swap with Ethereum. Without specifying a date, the KIN Ecosystem Foundation said it would soon release a tool for Kin holdings off of Ethereum—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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