Cryptocurrency Daily News Bulletin: December 11, 2018

December 11, 2018 1:14 pm Published by

General News

Bitmain is closing its Israel-based research and development arm, citing the general downturn in the crypto markets as reasoning.

Square’s Cash App has reached a key milestone to mainstreaming bitcoin usage by becoming the most downloaded finance app on U.S. Google Play Store ahead of PayPal.

State Farm, the U.S. insurance group, is testing blockchain tech as part of a new platform for insurance subrogation.

UNICEF is investing $100,000 in six blockchain startups to “solve global challenges using blockchain,” ranging from healthcare transparency to managing finances and resources.

Calgary has become the first Canadian city to launch a digital version of its local currency – aimed at boosting local economic activity. The launch event of the Calgary Digital Dollar was officiated by the finance minister of Alberta province, Joe Ceci.

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error.

Cryptocurrencies

Basic Attention Token $0.135996 USD (-4.69 percent): Decentralized browser Brave is now the default browser on HTC’s recently released blockchain phone.

NEO $5.87 USD (-6.19 percent) has announced that it is looking to decentralise four out of the seven nodes in its network – with a long-term commitment to decentralising future nodes added to their ecosystem. NEO Foundation currently runs five of the seven nodes on its system and are now opening the process to applicants who wish to run one of these nodes.

Tether $1.01 USD (-0.55 percent) has found itself within the top five cryptocurrency assets by market cap – despite its own declining capitalization – due to the dramatic demise of other top currencies, ahead of BCH and EOS for the first time.

EOS $1.85 USD (-8.90 percent) is facing further scrutiny as cybersecurity company Peckshield released a report finding that almost 120,000 EOS accounts are under centralized control groups, which may account for the increased dApp usage. They also discovered that over 200 thousand EOS accounts are dormant and that at least 27 EOS apps have serious security issues – with over 400 thousand EOS tokens being stolen so far.

Ethereum $88.52 USD (-5.02 percent) is now being supported on Trezor, the” original” bitcoin hardware wallet. The Beta version of Trezor’s high-quality firmware will be able to store ERC-20 tokens, Ethereum, and Ethereum Classic.

Ripple $0.299921 USD (-2.48 percent): Coinone Transfer, a subsidiary of the Korea-based crypto exchange Coinone, just launched the country’s first blockchain-powered mobile payments app. Dubbed Cross, the new platform utilizes Ripple’s xCurrent to lower cost and increase speed of transfers to Thailand and the Philippines.

TenX $0.305894 USD (18.02 percent) have released details for its new TenX rewards token. Rewards will depend on factors such as TenX Pte Ltd’s earnings, financial position, cash flow, capital needs and general business condition. An announcement of the amount of rewards to be paid will be made quarterly. A snapshot of all PAY token holders will be taken on the Dec. 30, 2018. TenX has risen 18 percent already from the announcement.

WN.com, Jamie Saarloos

 



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