Cryptocurrency Daily News Bulletin: November 23, 2018

November 23, 2018 3:50 pm Published by

General News

Coinbase head of policy Mike Lempres has left for investment giant Andreessen Horowitz.

Mt. Gox trustee, Nobuaki Kobayashi, is seeking to extend the deadline for filing civil rehabilitation claims to December.

The European Commission is launching a new blockchain association next year. Spanish banking giant BBVA announced that it and four other banks have joined the EC’s planned International Association for Trusted Blockchain Applications (IATBA).

The Gibraltar Blockchain Exchange (GBX) has secured a license from the Gibraltar Financial Services Commission (GFSC).

Japan’s largest shipper, Nippon Yusen Kaisha (NYK), has announced plans to introduce a digital currency as a means of providing service payments to members of its crew. The company will float a stablecoin pegged to the dollar, aiming launch for Q1 2019.

Norway’s government has scrapped a power subsidy currently granted to bitcoin miners, who must now pay normal electricity tax from the New Year.

Swiss Federal Railways (SBB) has completed a PoC of a blockchain-based credentials management system for workers employed at the company’s construction sites.

Cryptocurrencies

Bitcoin $4,344.34 USD (-3.71 percent): Yalls blog created by Lightning Labs developer Alex Bosworth shows that blog participants have processed nearly 20,000 micropayment invoices with the Lightning Network thus far. The power of Bitcoin’s Lightning Network has dramatically increased in the last week. New numbers from 1ML show the overall capacity of the network has jumped by nearly 300%, thanks to the addition of new nodes.

Ethereum $123.95 USD (-6.76 percent) Enterprise Alliance just opened a new regional headquarters in Seoul. The alliance is now made up of more than 300 companies creating new standards for Ethereum-based enterprise blockchain solutions.

IOTA $0.318234 USD (-1.14 percent) Foundation has revealed that it plans to gradually phase out the IOTA network Coordinator. Known as “Coo”, the coordinator, which is controlled by the IOTA Foundation issues periodic transactions known as milestones. If any transaction on the IOTA network is not directly or indirectly referenced by a milestone, it is not confirmed. It permits the Foundation to choose which transactions receive priority and to freeze user funds – bringing problems of centralisation.

NEM $0.077624 USD (-5.66 percent) has partnered with KeySafeBank and PAL Network to collaborate on a blockchain ecosystem using NEM’s network, PAL’s insurance expertise and KeySafeBank’s custodial and vault services.

Ripple’s $0.411703 USD (-6.00 percent) market dominance is on the rise. On September 15th, XRP accounted for about 5.65% of the total cryptocurrency market cap. That number has since more than doubled, standing at 11.92%.

Stellar $0.181937 USD (-7.50 percent) is set to launch Lightning Network next week.

Tron $0.013592 USD (-5.50 percent) is now available on Huobi Wallet. Huobi is giving away a total of 400,000 TRX to customers who store Tron on the wallet.

WN.com, Jamie Saarloos



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