Blockchain Market Update – November 9, 2018

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November 9, 2018 by
Blockchain Market Update – November 9, 2018

Binance: CEO Zhao Changpeng said that compared with July and August, the current trading volume is down slightly because prices are very stable, but transaction volume is less than 90% compared with January. However, he revealed that Binance is still profitable and the trading volume is still great, compared to two or three years ago. Binance also announced launch of new analysis division, Binance Research, aimed to prepare institutional-grade research reports with the objective of increasing transparency and improving the quality of information within the crypto space—Exchange

SEC: Charges Zachary Coburn, founder of EtherDelta, with operating an unregistered exchange. This is the SEC’s first enforcement action based on findings that the platform operated as an unregistered national securities exchange. As per the SEC, EtherDelta had both the user interface and underlying functionality of an online national securities exchange and was required to register with the SEC. Without admitting or denying the charges, Coburn agreed to pay a total of $388,000 in penalties, disgorgement and interest under the settlement. Speculated that SEC settlement with founder of EtherDelta is likely first of many enforcement actions to come against crypto token exchanges—Regulation

Venezuela: The gov’t announced the Petro will be submitted to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil transactions. The Venezuela Minister for Petroleum, Manuel Quevedo, indicated that transactions using Petro will begin to take place from the first semester of 2019—Regulation

South Korea: Agreed to budget an investment of $35 million next year for blockchain projects, according to Korea Economic Daily. This year, the Ministry of Science and ICT received 72 blockchain project applications from 41 institutions, and selected six final projects for their development in the public sector. For 2019, the Ministry is set to double the number of selected projects to 12, with three to four “private-led” blockchain projects —Project Development

Craig Wright: Roger Ver showed an email allegedly from Craig Wright threatening to break Bitcoin Cash, preventing all trading for two years and bringing its value down to zero. The email came after Bitcoin.com indicated that it will support the Bitcoin Cash ABC chain promoted by Jihan Wu and Bitmain—Other

SEB: Swedish bank confirms all its customers are doing inter-company transfers between Sweden and the U.S. on the Ripple platform, compared to only one customer doing so last year. According to Paula da Silva, Head of Transaction Services, transactions worth billions were passing through the Ripple platform. At the same time, she explained that the bank will be working in order to utilize ‘the next step,’ possibly referencing xRapid product using XRP—Financial Institution

Bitsy.com: Medici Ventures, Overstock.com’s blockchain accelerator, today announced that portfolio company Bitsy.com will allow public access to the beta version of its exchange and wallet service beginning Monday, November 12. Bitsy’s new app-based platform creates a remarkably easy, secure, and user-friendly bridge between bitcoin and the US Dollar—Project Development

Trade.io: Acquired FCA brokerage company Primus Capital Markets UK, which holds an IFPRU 125K matched principal license from the UK regulator.The deal comes as a reaffirmation of trade.io to eventually become a one-stop shop for multi-asset trading. The company will use the new acquisition, rebranded as TIO Markets, to extend its product offering—Project Development

BitMEX: Launches its own VC arm, led by Kumar Dandapani, global head of BitMEX Ventures. Also working on the VC unit is Maxim Wheatley, who is charged with leading “global seed-stage investment and partnership activities” for BitMEX Ventures. One of its portfolio companies, Blockfolio, announced a $11.5M Series A financing round in October, and noted BitMEX as an investor—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)
$3,669.10
Ethereum (ETH)
$123.23
Bitcoin Cash (BCH)
$130.05
XRP (XRP)
$0.328320
Litecoin (LTC)
$31.75
Cardano (ADA)
$0.044794
IOTA (MIOTA)
$0.315636
Dash (DASH)
$72.40
NEM (XEM)
$0.057036
Monero (XMR)
$45.58
Stellar (XLM)
$0.108528
EOS (EOS)
$2.50
TRON (TRX)
$0.025111
Bitcoin Gold (BTG)
$11.84
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