Cryptocurrency Daily News Bulletin: January 2, 2019

January 2, 2019 1:19 pm Published by

General News

HitBTC has yet to respond to accusations it deliberately froze account withdrawals on Jan. 1, 2 days prior to entrepreneur Trace Mayer’s Proof of Keys event – an event calling on investors to remove their coins from third party platforms to take control of their private keys.

Intercontinental Exchange (ICE) states “following consultation with the CFTC, ICE Futures U.S., Inc. expects to provide an updated launch timeline in early 2019” of Bakkt’s Bitcoin futures contract. The announcement follows the completion of its first funding round; raising $182.5 million from 12 partners and investors.

Nvidia is facing a class action lawsuit filed by the Schall Law Firm, with the plaintiffs accusing the company of making misleading statements about how it can help mitigate the effects of the reduced demand from the cryptocurrency market.

Georgia state Sen. Michael Williams has turned himself over to authorities after being accused of insurance fraud. Williams, who co-introduced the Senate Bill 464—which aimed to compel the state’s revenue authority to receive cryptocurrency as payments for taxes—was charged by a Hall County grand jury for lying about the theft of computer servers being used to mine cryptocurrency from his campaign offices.

Iran’s government has taken further steps against Telegram’s cryptocurrency development. Secretary of the Criminal Content Definition Task Force Javad Javidnia has declared any cooperation with the encrypted messaging app to launch its Gram token will be considered an act against national security and a disruption to the national economy.

Cryptocurrencies

Bitcoin Cash $164.72 USD (1.39 percent) has had a $1.5 million investment gesture made by Roger Ver for payment processing startup OpenNode rejected. The company confirmed its vision of a better and more open financial system could not be achieved with Bitcoin Cash, adding it would spend 100% of its resources on Bitcoin and its second-layer payment solutions instead.

Ethereum $149.98 USD (10.23 percent) has overtaken Ripple to reclaim its position as the largest altcoin by market cap. The move comes on the back of fresh controversy for both XRP and its relationship with Ripple after Kraken publicly asked a senior executive for advice on how to name it.

Monero $48.95 USD (5.47 percent) can now be used by Fortnite fans to purchase merchandise for the most popular online video game with over 200 million registered users. Bitcoin payments are not yet accepted, because of privacy concerns but they are considering LN because it restores some privacy to Bitcoin.

Ripple $0.364927 USD (2.43 percent) has started the New Year by moving large amounts of XRP. About 2,133,569,088 XRP ($755,702,929) has been transferred. Each of the seven transactions took four seconds to complete, and the fees for all transactions combined cost less than one cent. The majority of the XRP appears to be Ripple shifting funds into escrow but other transactions include Ripple moving XRP to its OTC distribution wallets.

Tron $0.019652 USD (1.78 percent) has grown from 2 engineers to now 40 senior engineers in 2019. They have also hit two new milestones: one million TRON accounts and 100 million smart contracts recorded. This comes as Stellar, Ripple, Mt. Gox, and e-Donkey co-founder Jed McCaleb claims Tron is “just garbage.”

WN.com, Jamie Saarloos

 



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