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Bitcoin dropping to USD$3,600 while Bitwise says 2019 will be the year of the Bitcoin ETF

Jan 10, 2019

 

 
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Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$3680.24 0.49% -8.92% -4.32% USD$64,310,727,518 USD$6,791,245,172
Ethereum ETH USD$128.97 1.49% -14.57% -13.5% USD$13,451,802,506 USD$3,346,953,045
EOS EOS USD$2.43 0.87% -14.97% -9.61% USD$2,203,023,738 USD$1,254,528,901
TRON TRX USD$0.03 5.8% -10.28% 29.28% USD$1,745,665,311 USD$936,286,126
XRP XRP USD$0.33 1.12% -9.03% -7.67% USD$13,669,660,995 USD$849,265,405

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$3680.24 0.49% -8.92% -4.32% USD$64,310,727,518 USD$6,791,245,172
XRP XRP USD$0.33 1.12% -9.03% -7.67% USD$13,669,660,995 USD$849,265,405
TRON TRX USD$0.03 5.8% -10.28% 29.28% USD$1,745,665,311 USD$936,286,126
Stellar XLM USD$0.11 1.85% -10.73% -4.19% USD$2,097,834,288 USD$129,369,311
Ethereum Classic ETC USD$4.41 2.69% -12.05% -13.8% USD$473,897,179 USD$133,150,167

 

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Crypto Developments in Financial Services

  • Bitwse Asset Management, a cryptocurrency money management firms, has submitted an ETF filing to the SEC.  Bitwise believe 2019 will be the year an ETF structure for Bitcoin is approved by the SEC. 
  • DX.Exchange, the security token trading platform backed by Nasdaq that permits users to trade crypto tokens representing shares in different Nasdaq-listed stocks, announces it has patched a security vulnerability that permitted free access to user authenticated tokens.  DX.Exchange reiterates no user funds were at risk and welcomes users to report any additional bugs they encounter. 

Crypto Regulatory Environment

  • The Chinese internet censorship agency has approved regulations for providers of blockchain services.  As an example, blockchain service providers will need to regiers with the Cyberspace Administration of China (CAC) within 10 working days of formal operations.  All the rules are outlined in the CAC report Regulation for Managing Blockchain Information Services. 
  • According to a report by the Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance, 21 crypto exchanges failed inspected in the 4th quarter of 2018.  According to the report, only 7 exchanges passed examination: Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea. 
  • Pakistani government officials announce they will permit blockchain-enabled international remittances.  The Government of Pakistan is partnering with Malaysia FinTech startup Valyou to offer an instant and secure international remittances services to Pakistanis living in Malaysia. 
  • Thailand’s Ministry of Finance announces it is granting digital asset licenses to four crypto firms.  The following four firms received licenses: Bitcoin Exchange, Bitkub Online, Satang Corporation (Satang Pro), and crypto broker-dealer Coins TH Co. 

General Crypto News

  • Bitmain announces its 2 co-founders will step down as co-CEOS but will stay on co-Chairmen of the company.  Wang Haichao, Bitmain’s director of product engineering, is expected to become the next CEO.   
    A French tobacco store has begun selling Bitcoin for fiat currency in spite of the regulatory uncertainty surrounding the digital currency.  French magazine Capital claims there are actually 24 such shops where users can buy Bitcoin in unites of 50, 100 r 250 euros.   
  • A joint research report out of King’s College of London and Carlos III University in Madrid, Spain finds that cryptocurrency mining malware is responsible for less of the supply of altcoin Monero in circulation than previously estimated.  The study analyzes the 4.4 million malware samples (close to 1 million malicious miners) and finds that 4.36% of the public supply of Monero is related to malicious mining operations.   
    Sharepost announces it has successfully facilitated a secondary trade of security tokens on a blockchain network.  Sharepost, which is a registered broker-dealer, was able to run tokens from the Blockchain Capital III Digital Liquid Venture Fund on the Ethereum blockchain,  

 

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*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://bitcoinist.com/bitwise-another-bitcoin-etf-filing/ 
https://www.coindesk.com/nasdaq-powered-dx-exchange-says-it-has-patched-security-vulnerability 
https://cointelegraph.com/news/report-critical-vulnerabilities-leaking-user-data-found-on-dxexchange-patched-later 
https://www.ccn.com/dx-exchange-has-serious-security-weaknesses-that-could-be-easily-criminalized/ 
https://www.coindesk.com/chinas-internet-censor-announces-rules-for-blockchain-providers 
https://www.coindesk.com/two-thirds-of-korean-crypto-exchanges-fail-government-security-checks 
https://btcmanager.com/pakistan-embraces-blockchain-technology-international-remittance-service-launched/ 
https://www.coindesk.com/thai-finance-ministry-awards-licenses-to-4-crypto-firms-rejects-2 
https://cointelegraph.com/news/bitmain-co-ceos-to-keep-decision-making-power-in-executive-swap-report 
https://news.bitcoin.com/report-claims-chinese-mining-giant-bitmain-is-prepping-for-new-leadership/ 
https://bitcoinist.com/bitmain-fire-ceo-jihan-wu-bitcoin-cash/ 
https://www.newsbtc.com/2019/01/10/crypto-mining-giant-bitmain-to-appoint-new-ceo-texas-plant-plans-shelved/ 
https://cointelegraph.com/news/french-tobacco-shops-start-selling-bitcoin-despite-regulatory-uncertainty 
https://cointelegraph.com/news/bitcoin-dips-below-3-700-as-all-top-cryptos-see-severe-losses 
https://www.coindesk.com/security-token-trades-on-regulated-platform-in-market-first

 

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