Cryptocurrency Daily News Bulletin: December 4, 2018

December 4, 2018 1:32 pm Published by

General News

Grandshores Technology Group have appointed veteran Chinese crypto investor Li Xiaolai as co-CEO of the Hong Kong Stock Exchange listed blockchain company. Li will now oversee various blockchain-related projects including the creation of a fiat currency-linked stablecoin, work on trusted execution environment (TEE) applications and more.

Indian business school, SP Jain School of Global Management, has issued 1,189 blockchain-based certificates to graduates who recently obtained degrees and professional certifications on the Ethereum blockchain.

Japan is seeking to impose measures aimed at preventing cryptocurrency traders and investors from evading taxes. The National Tax Agency (NTA) will force cryptocurrency exchanges to provide information concerning clients who are suspected of tax evasion.

Thailand’s Revenue Department is trialling blockchain to prevent fraud VAT refund claims.

U.S. Department of Homeland Security (DHS) have released a new pre-solicitation document discussing ways to conduct forensic analysis on privacy-focused coins if they are used for criminal activity, citing coins such as Zcash and Monero.

Cryptocurrencies

Bitcoin’s $3,994.87 USD (-0.83 percent) miner exodus is now being reflected in Bitcoin’s network difficulty, which fell by more than 15 percent following the regular difficulty adjustment that occurred yesterday. This constitutes the second-largest difficulty drop in Bitcoin’s history and the largest since Nov. 1, 2011. Meanwhile, Bitfury has announced a partnership with blockchain-based payment processing system Paytomat. Paytomat users will now be able process Bitcoin transactions almost instantly using the Lightning Network.

Ethereum’s $111.50 USD (-1.92 percent) venture enterprise ConsenSys is reorganising in reaction to the prolonged bear market into a new phase called ConsenSys 2.0. They will eliminate underperforming projects and place renewed emphasis on creating tangible value.

IOTA $0.283008 USD (-0.61 percent) have partnered with software and hardware development company Riddle&Code. The two companies will integrate their technologies to “create a secure identity on a hardware device using Riddle&Code’s Secure Element to initiate transactions on IOTA’s Tangle. Any appliance such as a smart meter can be connected to the device, for example, to measure energy consumption.”

NEO $7.56 USD (-3.28 percent) co-founder Erik Zhang is responding to a new report from security firm Tencent that says they’ve found a vulnerability in the blockchain that could give hackers a way to steal tokens. Zhang claims typical NEO users were never in danger.

Ripple’s $0.354525 USD (-1.90 percent) XRP has been added on KuCoin with eight trading pairs being introduced, including BTC, ETH and USDT. Meanwhile, Ripple claims Siam Commercial Bank is one bank now using XRP to power cross-border payments.

Tron $0.014555 USD (0.08 percent) have announced they aim to expand their focus on the gaming industry, investing $100 million over the next three years in a blockchain game fund called TRON Arcade. Meanwhile, TRX is being listed on BitMart. 

WN.com, Jamie Saarloos

 



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