Blockchain Market Update – November 29, 2018

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November 29, 2018 by
Blockchain Market Update – November 29, 2018

Kucoin: Singapore-based cryptocurrency exchange has partnered with EU financial institution Simplex to enable new and current KuCoin users to purchase cryptocurrencies using their credit and debit cards. This service can be found in “Assets – Deposit” and currently supports the purchasing of BTC, ETH, and LTC with both USD and EUR in over 100 countries—Exchange

Circle: Announced that five new companies have added support to its USD Coin. As reported by Circle, Airswap, BlockMyTalent, Opensea, Atomic Wallet and Abacus Protocol have involved themselves in the USDC network. In total, this brings number of partners that have enabled the stablecoin ecosystem to more than 60 exchanges, wallets, platforms, apps and service providers—Project Development

Bitpay: Warned customers of a vulnerability on a third-party NodeJS package used by the Copay and BitPay apps which could be used to capture users’ private keys. The company said the malicious code was deployed on versions 5.0.2 through 5.1.0 of its Copay and BitPay apps. BitPay recommended users to move funds to new wallets immediately as private keys are potentially compromised—Project Development

CLSNet: Bank-owned currency trading utility and IBM have gone live with their blockchain-based payment netting service after more than two years in development. Investment banking giants Goldman Sachs and Morgan Stanley are the first companies to use the newly launched CLSNet, with six more participants from North America, Europe and Asia, including Bank of China (HK), committed to joining in the next few months—Project Development

Moshe Hogeg: One of Israel’s leading crypto figures facing accusations of embezzling funds raised from two ICOs, consequently rendering the company for which the funds were raised for insolvent. As a result, 17 individuals who claim to be shareholders of IDC Investdotcom Holdings, the company associated with Hogeg and known as, have filed a petition seeking to liquidate the firm—Other

Steem: CEO published a post explaining the difficult decision of having to lay off nearly 70% of the team due to harsh bear market, low Steem price and extremely high costs of infrastructure needed for Steem. Forced to trim the team in order to be able to stay afloat—Project Development

Galaxy Digital Holdings: Mike Novogratz’s year got even worse in the third quarter and that was before market dump this month. Net realized and unrealized losses on digital assets in cryptocurrency merchant bank’s trading operation totaled about $41 million in the third quarter, bringing losses for the first nine months of the year to $136 million, according to company filings this week. The latest hit was caused in large part by losing bets on Ether, Bitcoin and XRP—Project Development

Gibraltar Blockchain Exchange: Announced new fiat onboarding capabilities on Nov 28. In addition to US Dollars, users will now be able to onboard using British Pounds and Euros, with further fiat currencies set to be incorporated onto the exchange in the future—Exchange

Fidelity Investments: Revived its crypto venture fund, which was originally created in 2017, but died after key people left company. Originally, the company was able to launch what was known as an “exploratory fund” for crypto and digital assets. Sources have confirmed that the once dead VC fund for crypto is now back up again with a new fund manager—Financial Institution

“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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