Blockchain Market Update – September 27, 2018

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September 27, 2018 by
Blockchain Market Update – September 27, 2018

BitmainFinally files their IPO in Hong Kong. Their prospectus emphasizes Bitmain’s 74.5% market share, accounting for the vast majority of the crypto mining equipment shipments in the global market. Moreover, they have also revealed that since 2015, they have recorded a 328.2% yearly growth. Moreover, they have filed their draft application to be listed on the Hong Kong Stock Exchange. Bitmain stresses their application is still just a draft and is meant only to disclose information to the public, not for any other purposes. —Financial Institution

Federal Judge: Noted that cryptos meet the definition of a commodity, and fall within the jurisdiction of the U.S. Derivatives regulator. The decision by a U.S. district court should allow the Commodity Futures Trading Commission to continue to police virtual currency frauds—Regulation

France: French stock market regulator, Autorite des Marches Financiers (AMF), set to blacklist 21 new investment websites, including multiple crypto-related sites, reminndg consumers that “no advertising materials should make you overlook the fact that high returns always involve high risk.”

Goldman Sachs: According to a new report, the wall street giant is preparing to enter the crypto industry as a custodial service provider. The custody service would allow Goldman Sachs to secure digital assets for retail and institutional investors—Financial Institution

FedEx: Along with 14 others, joins Hyperledger in Blockchain Consortium’s latest expansion—Project Development

Google: Despite Google’s ban on crypto mining apps, 25 Google Play apps are found to contain script facilitating cryptojacking. 88% of the cryptojacking apps contain an implementation of Coinhive’s code. For example, a Paintbox for Kids was found to be running Xmrig, “an open source CPU miner that can mine several cryptocurrencies in addition to XMR—Mining

Ripple: According to ICO Journal, Ripple is in talks with Nasdaq to be listed on Nasdaq’s crypto exchange next year—Exchange

Wanchain: Now integrated with the Binance Trust Wallet for all its users. At the moment, Wanchain clients enjoy a robust set of tools for managing their crypto—Project Development

Morgan Lewis & Bockius: The American law firm states that many users do not  realize that even when they have used a currency, gains and losses must be reported on every transaction. This causes many to simply ignore the looming issue of taxation. The IRS sees crypto as property, meaning that every time a user buys something with crypto, they are creating a taxable event—Other

Circle: Launches the stablecoin USD Coin (USDC), an ERC20 token that made its debut on the exchange Circle purchased earlier this year, Poloniex. USDC joins the increasing number of stablecoins in the market, like Tether, TrueUSD, and the recently launched Gemini and Paxos stablecoins—Project Development

Overstock CEO: Patrick Byrne acquired a 43% stake in Medici Land Governance, a blockchain land registry startup—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)
$10,375.48
Ethereum (ETH)
$194.92
Bitcoin Cash (BCH)
$309.52
XRP (XRP)
$0.263066
Litecoin (LTC)
$71.84
Cardano (ADA)
$0.047571
IOTA (MIOTA)
$0.253879
Dash (DASH)
$90.40
NEM (XEM)
$0.045729
Monero (XMR)
$76.41
Stellar (XLM)
$0.058810
EOS (EOS)
$4.11
TRON (TRX)
$0.015834
Bitcoin Gold (BTG)
$10.29
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