Blockchain Market Update – November 7, 2018

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November 7, 2018 by
Blockchain Market Update – November 7, 2018

Apple: Removes crypto podcast “Off the Chain” from U.S. iTunes store on Nov. 5. The podcast, hosted by Morgan Creek Digital partner and crypto analyst Anthony Pompliano, rose to 4th place for podcasts in the investing category before it was taken down—Other

Stellar: Will distribute up to 500M XLM to users of the digital wallet provider The airdrop is aimed to expose Stellar’s name and tech to’s 30M account holders. Also marks’s support of XLM, alongside ETH, BTC, and BCH—Other

eToro: The global investment platform with over 10 million registered users, confirms the roll-out of its crypto wallet. The launch is on a phased basis with a country-by-country roll out—Project Development

South Korea: The Ministry of Science and Technology consulted with members of leading domestic blockchain associations over the status of the country’s ICO ban. According to a member, this appears to be part of a coordinated effort to permit ICOs, and there is a high possibility that Seoul is now preparing ICO-related policies—Regulation

Bitmain: Accounces its 7nm miner, designed to mine with the SHA256 algorithm. Two models will be offered, namely the Antminer S15 and T15, which are available for purchase on Nov 8thMining

Global Blockchain Ventures: Announced launch of $100M blockchain technology focused venture capital fund, Global Blockchain Ventures Fund, LP, with lead investor Stonegate Digital Capital Group committing a seven-figure investment to seed the fund—Financial Institution

BTC Mining: According to a paper published in Nature Sustainability, mining BTC requires about 3 times more energy per U.S. dollar than mining metals like copper and gold. The energy consumption required to mine other cryptos were also found to be generally higher than that of gold—Mining

Ethereum Casper: A consortium of Ethereum researchers unveiled a draft whitepaper pertaining to Correct-By-Construction Casper, which aims to solve Ethereum’s scalability concerns through Proof of Stake. The technical document is still a draft—Project Development

JPMorgan: Their blockchain-based Interbank Information Network (IIN) has grown to over 100 member banks, addressing cross-border payments in every major market, including Latin America, Asia, Europe, the Middle East and Africa—Project Development

Genesis ETH Address: Starting this past May, three genesis ETH addresses have been sending ETH to a relay address amounting to 758,200 ETH. All ETH has been transferred out to different exchanges, among which Kraken and Bifinex received the most. All of the addresses are involved in ICOs and their very first transfers were only made until the second and third quarters of 2018, indicating the institution behind them might be a giant whale that held 1,072,808 ETH for a time—Other

“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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