Blockchain Market Update – November 30, 2018

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November 30, 2018 by
Blockchain Market Update – November 30, 2018

Vakt: Major oil companies BP, Shell, and Equinor have united with large banks and trading houses to launch blockchain-driven platform for energy commodity trading. The platform is now ready to facilitate trade in crude oil between commodity firms, claiming to be the “first enterprise grade” blockchain solution within oil and gas market—Project Development

Coinbase: Lists Zcash and begins accepting inbound transfers of Zcash on Coinbase Pro. Once sufficient liquidity is established, trading on the ZEC/USDC order book will start. ZEC trading will initially be accessible for Coinbase Pro users in the U.S. (excluding NY), UK, European Union, Canada, Singapore and Australia. Additional jurisdictions may be added at a later date—Exchange

U.S. SEC: Announced settled charges against professional boxer Floyd Mayweather Jr. and music producer DJ Khaled for failing to disclose payments they received for promoting investments in ICOs. Both celebrities settled their cases behind closed doors. Officials say Floyd paid $300K in disgorgement (the money he made for promoting the coin) plus another $300K in fines and another $14K in interest. Khaled paid $50K in disgorgement plus $100K in fines plus another $2,725 in interest—Regulation

Japan: National Tax Agency disclosed a tax evasion case for cryptocurrency trading after announcing results of all income tax investigation conducted in past year. The total amount of all income tax evasion was ¥903.8B, increasing by 1.7% compared with that of 2016. The disclosed case involving cryptocurrency showed a man failed to declare an income tax of about ¥50M, who was eventually imposed an additional tax of about ¥24M—Regulation

Tron: Will invest $100M in blockchain games over next 3 years. Company wants to spur more innovation on blockchain and crypto, and opines that games are usually the first thing to take off on new platforms—Project Development

ASUSHardware manufacturer is encouraging gamers to mine crypto when they’re not playing games. Putting to use their idle graphic cards, ASUS gamers will be able to mine cryptocurrency and cash out their earnings through PayPal or WeChat. The company has partnered with blockchain technology provider Quantumcloud, which has developed the mining software—Mining

Cryptoslate: Research analysts approximate that it would take $1.4B to conduct 51% attack on Bitcoin, requiring 2.4 million of the most advanced ASIC computers currently available which would consume roughly 29.3 Terrawatts of electricity annually, roughly the same amount of electricity that is consumed by the entire country of Morocco. Stated that Bitcoin was reasonably secure against such attacks, but remains vulnerable to cartels, where huge miners would collude to pass software upgrades that are favorable to them—Mining

Philips: Released first blockchain TV, TVOS.IO and embedded a series of blockchain products designed or deployed by TVOS.IO to be sold on, Chinese e-commerce giant. All blockchain products designed or deployed by TVOS.IO are integrated together to build an eco-system, named TVOS. It is reported that users can obtain blockchain assets from games and TV viewing through TVOS.IO. TV is ready for IPFS mining but still waiting for the release of filecoin—Project Development

Philippines: A dApp based on Ethereum will begin rewarding residents of Manila with ETH for cleaning up a heavily polluted beach in the capital city. Joseph Lubin, Ethereum co-creator and CEO of ConsenSys, said “Bounties Network and ConsenSys Impact are proving a new model where people fund causes directly without intermediaries”—Others

“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
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Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Cardano (ADA)
Dash (DASH)
Monero (XMR)
Stellar (XLM)
Bitcoin Gold (BTG)
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