Cryptocurrency Daily News Bulletin: January 4, 2019

January 4, 2019 2:18 pm Published by

General News

BitTorrent is creating its own cryptocurrency. The new BitTorrent Token (BTT) will run on the Tron protocol, which acquired BitTorrent in June of last year. BTT will be a TRC-10 token with a total supply of 990 billion BTT minted. Users who download files will now be incentivized to share those same files with other users. Users who participate and share files – improving storage, bandwidth and performance on the platform – will earn tokens.

Circle announced their OTC business has facilitated more than $24 billion worth of trades despite the ongoing bear market. They claim more than 600 counter parties executed more than 10,000 trades over 2018, spanning across 36 different assets.

DX.Exchange, the Estonia-based Nasdaq-powered crypto startup plans to let its clients indirectly purchase shares of major tech firms listed on the Nasdaq exchange. The trading platform is set to launch on Jan. 7 and will allow customers to use select crypto or fiat to purchase the tokens. MPS Marketplace Securities, DX.Exchange’s partner, will purchase the real-world stocks based on customer demand, and generate ERC-20 tokens which are backed 1:1 to the real-world stocks. At launch, MPS will purchase shares in AlphaBet, Apple, Amazon, Facebook, Microsoft, Tesla, Netflix, Baidu, Intel Corporation and Nvidia.

Lamassu, the Bitcoin ATM manufacturer has moved to Switzerland because of regulatory difficulties in other countries. Lamassu revealed its applications to open an account were rejected by 15 banks because it produces terminals for Bitcoin, while not taking part in trading or storing digital currencies. Additionally, the company was rejected by payment processor Stripe for having the word Bitcoin on their site.

Overstock.com, the digital retail giant, plans to pay at least some of its taxes using bitcoin this year, becoming the first major business to do so. Bitcoin processor BitPay will convert BTC into U.S. dollars, which will then be passed to the office of the Ohio Treasurer.

Cryptocurrencies

Bitcoin’s $3,834.68 USD (-1.25 percent) “Proof of Keys” movement launched yesterday, led by Trace Mayer, a bitcoin podcast host. Participants took money out of third-party bitcoin services, moving it to accounts controlled independently. Notably, a few exchanges have announced withdrawal issues following the event. Coinbase and Bitfinex are back up and running after reporting outages, whilst HitBTC users have experienced account freezes.

Bitcoin SV $88.09 USD (-2.70 percent): Coinbase has yet to give Bitcoin Cash holders their Bitcoin SV from the Bitcoin Cash hard fork that happened Nov. 15, 2018. Whilst Coinbase has assured users they will receive their Bitcoin SV, they fail to provide any further details. Meanwhile, users of other wallet services and exchanges have had their BSV for weeks and were able to cash out at the all-time high of more than $200.

Ethereum’s $153.62 USD (2.16 percent) nodes are upgrading in anticipation of the platform’s coming hard fork, with around 10 percent updating thus far. The Constantinople upgrade is set to go live on January 16th, and is designed to integrate several network improvements and reduce the block mining reward from 3 ETH down to 2 ETH.

Ripple $0.360009 USD (-1.28 percent) has gained further promotion from the National Bank of Kuwait and its new Ripple-powered remittance service called NBK Direct Remit, which is now live. It uses Ripple’s xCurrent to process instant cross-border payments from Kuwait to Jordan.

WN.com, Jamie Saarloos 



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