Blockchain Market Update – November 8, 2018

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November 8, 2018 by
Blockchain Market Update – November 8, 2018

California, Colorado: Elected into office Gavin Newsom and Jared Polis as governors for California and Colorado, respectively. This development is positive for the crypto space as these two are supportive of blockchain tech, with both even accepting crypto donations during their campaigns—Others

Bitfury: BTC mining equipment manufacturer and blockchain software firm has secured a valuation of $1B from investor Mike Novogratz and Korelya Capital’s $80M investment. Multi-million dollar funding round comes after the release of Bitfury Clarke, the firm’s new Bitcoin ASIC miner, designed to compete against Bitmain’s 7nm Antminer—Other

France: The Finance Commission in France’s lower house of parliament backed the plans to ease tax on BTC sales to bring it in line with other capital gains tax. Currently, Bitcoin gains are taxed at a rate of 36.2% and will be brought down to 30% if the amendment is passed—Regulation

Abu Dhabi Securities Exchange: Released a paper aimed at creating the infrastructure necessary to accommodate transactions with cryptocurrency-based assets and facilitate the implementation of distributed ledger technologies in the emirate. The paper, in which the Abu Dhabi Securities Exchange sets out its views on a regulatory framework for cryptocurrencies and digital assets, has been produced in cooperation with the emirate’s Central Securities Depository —Other

LXDX: Crypto exchange will be going public soon and will be issuing its shares through a security token offering (STO) instead of through an IPO or ICO. Intends to commence user signups in the middle of November in preparation for its December 2018 launch—Exchange

Augur: Decentralized prediction platform has recorded over $2M in bets on U.S. Election Night. According to Augur co-founder Jeremy Gardner, bets placed on the outcome of US midterms initially reached $900,000 and eventually surpassed the $2 million mark, adding that this amount was nearly 60% of that which Betfair, the world’s largest betting platform, recorded, which reached $3M in bets—Project Development

NZDT: New Zealand Dollar Token will be returning to New Zealand after Cryptopia suspended trading NZDT due to its bank’s regulatory concerns. Business Development Manager Adam Lyness says the company has a new, smaller bank behind the NZDT and should be ready to relaunch in the first quarter next year—Project Development

West Virginia: Nearly 140 West Virginians living abroad in 29 countries have cast their election ballots in an unprecedented pilot project that involves voting remotely by mobile device which uses a mixture of smartphones, facial recognition and blockchain to create a large-scale and secure way for Americans living overseas to participate in elections. West Virginia is the first state to run a blockchain-based voting project at such a scale—Project Development

Mauritius: The Mauritian Financial Services Commission is considering licensing for custodian services of digital assets and has published a draft regulatory framework. The document covers proposed requirements, operational, and governance standards that would apply to the potential license holders. The regulator will gather opinions and public comments until November 30—Regulation

Bithumb: Partners with Qoo10, an Asian e-commerce giant, to provide a crypto payment service that integrates Qoo10’s settlement service and the Bithumb Cache system, a password settlement service that allows Bithumb customers to convert their funds to use for payments with their password. Through this new partnership, it will become possible to purchase products from Qoo10 and pay for them using the Bithumb Cache—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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