Cryptocurrency Daily News Bulletin: November 20, 2018

November 20, 2018 1:25 pm Published by

General News

Huobi Group has set up a Communist Party committee at a Beijing-based subsidiary.

IBM has teamed up with Columbia University to launch a pair of technology accelerators as part of a broader push to spur blockchain development.

OKEx has hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash futures settlements. The exchange, which opted to deliver BCH futures early due to the coin’s hard fork Nov. 15, saw a barrage of negative publicity, with users claiming it had overstepped its remit in freely deciding when and how futures contracts would be settled.

Tencent Games has announced a collaboration with, a blockchain esports entertainment platform to create a 24/7 live esports channel powered by Theta tokens.

India’s government may finally reveal a regulatory draft for the cryptocurrency sector. A panel tasked by India’s finance ministry is set to bare its draft next month.

Korea’s largest power provider KEPCO says it will use blockchain to develop its next-generation micro grid (MG).

Singapore Exchange (SGX) has clarified rules for publicly listed companies planning to conduct ICOs. Any tokens launched in an ICO are not listed on the SGX and these rules are applicable only for the companies themselves. Any listed company planning to hold an ICO is required to consult with SGX RegCo in advance, as well as provide a legal opinion on the nature of tokens and an auditor’s opinion on how the ICO should be treated for accounting.

U.S. Federal Election Commission (FEC) has released a new draft opinion that clears the way for people to mine cryptocurrencies to support their preferred candidates.


Bitcoin $4,476.49 USD (-15.97 percent) has dropped below $5,000 for the first time in over 13 months on Monday. Money has fled out of the crypto markets, with BTC briefly finding some support at the $4,400 handle. Further lows at this point still looks most likely, with the next crucial support level at $3,500.  

Bitcoin Cash $220.11 USD (-38.95 percent): According to BitMEX Research, going under the assumption that much of the hash rate on both sides of the Bitcoin Cash “hash war” has been leased since the fork, shows that BCH miners have collectively lost as much as $6.1 million in gross revenue since last week’s blockchain split.

Ethereum $133.92 USD (-15.11 percent): Playstation 4 is welcoming the blockchain into its ecosystem. Plague Hunters will be the first Ethereum-based game available on the console, scheduled to launch in Q1 2019.

Litecoin $33.02 USD (-14.03 percent) has released a new version of Loafwallet – the Foundation’s official wallet for iOS. “The new version of the cryptocurrency wallet includes integration with Simplex, an emerging cryptocurrency payments startup”.

Ripple $0.452675 USD (-6.81 percent): UC Berkley are set to explore the CRP consensus mechanism for which the deadline is set to be 30th November. This follows the multi-million-dollar grant awarded by Ripple to the institution for the same purpose.

Tron $0.013691 USD (-18.84 percent): Huobi Wallet has just added support for TRX., Jamie Saarloos


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