Cryptocurrency Daily News Bulletin: December 21, 2018

December 21, 2018 2:35 pm Published by

General News

Bakkt‘s Bitcoin (USD) physically settled daily futures contract, is close to getting the green light from the CFTC, according to reports on the Wall Street Journal.

Ebang, the crypto mining equipment maker, has refiled its draft IPO prospectus with the Hong Kong Stock Exchange (HKEX), stating it has seen “significant decreases” in the monthly sale orders for its bitcoin mining machines in Q3 2018. The firm failed to show detailed figures for Q3, as crypto markets started to dip – a factor that concerns the HKEX.

Facebook is reportedly looking to develop its own stablecoin for money transfers. A Bloomberg report, citing anonymous sources, said the company will first focus on the Indian market to let users transfer money via a dollar-pegged cryptocurrency on WhatsApp. Although the actual launch of the stablecoin could still be a while off, Facebook’s blockchain team have been looking to expand, posting five job openings earlier this month.  

Overstock.com’s subsidiary, Medici Land Governance (MLG), has signed a MOU with Teton County – Wyoming – to build their new blockchain-based registry on the Open Index Protocol (OIP). The new system will keep track of land transactions, such as mortgages, releases of liens and similar records, starting from 1996.

TokenSoft, a security token offering platform, has partnered with Coinbase to provide an alternative custody solution for clients.

Cryptocurrencies

Bitcoin’s $4,065.93 USD (-0.83 percent) mining difficulty has dropped more than 7 percent over the past 24 hours as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, many miners are still finding it difficult to remain profitable or break even. Several cryptocurrency mining operations across Europe and Asia are shutting down or re-purposing their rigs due to the bear market.

Cardano $0.042603 USD (13.31 percent) just released a major update, version 1.4 that introduces a new data layer that will reduce disk storage by a factor of 10.

Ethereum $116.60 USD (5.56 percent) venture studio ConsenSys is cutting off funding for a number of its portfolio startups. It is estimated roughly 50 percent of ConsenSys’ 1,200-person workforce could be let go as a result of the move. The news follows the announcement earlier this month of roughly 150 layoffs, (13 percent of total staff).

Qoo10, a leading Asian online retailer, is launching a blockchain-based online marketplace built on the Ethereum protocol set for January 1, 2019. Known as QuuBe, the blockchain-based marketplace requires users to shop with Q*coins, which can be purchased in 7-Eleven stores. The platform offers customers better terms as it removes the 10% merchant fee and payment gateway fees which are charged by traditional marketplaces.

Ripple $0.371267 USD (-3.03 percent) has added Akbank, one of Turkey’s largest banks, to its growing client list. Akbank says it will work with Santander UK to establish a new remittance corridor using Ripple’s cross-border payments technology to and from the UK.

Tron’s $0.019336 USD (11.62 percent) new card, TronCard, is gearing up for launch. The Tron-based DApp accelerator Sesameseed just released a comprehensive overview of its key features. The card is designed to work with Poppy, a payment processor on the Tron blockchain, and other popular Tron wallets to enable TRX payments at retail stores and P2P. 

WN.com, Jamie Saarloos



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