Blockchain Market Update – November 26, 2018

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November 26, 2018 by
Blockchain Market Update – November 26, 2018

Ohio: To become first state to accept BTC for tax bills. Ohio businesses can go to and register to pay taxes with BTC, from cigarette sales taxes to employee withholding tax. Eventually, initiative will expand to individual filers. Bitpay serving as payment processor, converting bitcoin to dollars for state treasurer’s office—Regulation

India: Supreme Court moves hearing of petitions against crypto banking ban by Reserve Bank of India to Jan. 15, 2019. The hearing was originally scheduled on Sept. 11, but was continually postponed—Regulation

Bakkt: Reportedly on track for Phase 2 of its operation, which is designed to utilize Microsoft’s cloud solutions to allow people to buy, sell, store and spend cryptos on a global network. Plan will also give Starbucks customers a way to convert crypto to USD to make purchases—Project Development

Orange Group, MTN GroupTwo largest mobile operators and mobile money providers in Africa partner to develop Mowali, a mobile wallet interoperability service set to support over 11M mobile money accounts and operations in 22 of sub-Saharan Africa’s 46 markets. Software is powered by Ripple’s Interledger Protocol—Project Development

BitTrade: Huobi Global to acquire a 100% stake in BitTrade. Japanese crypto exchange platform will be transferred to the trading platform of Huobi. New account registrations are planned to be suspended on Nov. 30, login service and withdrawals of Japanese Yen will be suspended on Jan 18, 2019. BitTrade is one of only 16 regulated and Japanese government-approved cryptocurrency trading platforms—Exchange

CoinGeek: Partners with nChain, blockchain research and development firm, to develop the Teranode project. The project aims to create an enterprise-class full node implementation for BCHSV and scale its block size to reach 1 terabyte (1000 gigabytes), reach 7M transactions per second and achieve global enterprise usage—Project Development

InVault: Shanghai-based startup claims to be first digital custodian to take advantage of new licencing requirements to launch its services in Hong Kong. The company, which has about 1 million ethereum under its protection in mainland China, has obtained a new trust license from the Hong Kong regulator and will start offering its fully automated service in December—Project Development

Mt. Gox: Trustee Nobuaki Koboyashi is seeking to extend the deadline for filing civil rehabilitation claims to Dec. 26 this year. The earlier deadline of Oct 22 has already passed, but as the creditors are located worldwide, the he says more time is needed to collect proof of claims and ensure that all forms are delivered—Exchange

Overstock: To finalize deal to sell its retail operations by Feb. 2019 to focus on the cryptocurrency and distributed ledger technology sector—Project Development

Ethereum: Based on internal documents, Ethereum developers are quietly planning strategies for advancing blockchain, as well as a previously undisclosed upgrade that could boost the capabilities of the technology more aggressively in the short-term. Specifically, the minutes from four private meetings that took place at an Ethereum conference earlier this month, refer to an upgrade named “Ethereum 1x,” possibly to be activated in June 2019 —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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