Cryptocurrency Daily News Bulletin: December 6, 2018

General News

Coinbase has a 17-person team currently experimenting with decentralized identity solutions, as they seek to “help people own more of who they are online” and help create industry standards.

HTC demonstrated their crypto smartphone Exodus at Slush 2018, a week after SIRIN Labs released ‘the world’s first blockchain phone’. In addition to bitcoin and ethereum, users can purchase the Exodus 1 with litecoin at a fixed rate of just under 20 LTC.

Abu Dhabi Global Market (ADGM), an international financial free zone within the UAE, says it has successfully completed the trial of a blockchain-based KYC application in association with the Financial Services Regulatory Authority (FSRA) and KPMG.

Massachusetts General Hospital (MGH), a top-five hospital in the US, is partnering with Korean blockchain startup MediBloc to find better ways to store and share patient data.

Southern EU member nations – France, Italy, Spain, Malta, Cyprus, Portugal and Spain –have signed a joint declaration to promote the adoption of blockchain in the region in order to “transform” their economies and become “a leading region in this sector.” Notably, Ripple, NEM, Fetch.AI, EMURGO/Cardano have also formed a lobbying association, dubbed ‘Blockchain for Europe,’ aiming to create a credible, unified voice for the industry in Europe.

U.S. Department of Homeland Security is seeking to fund anti-counterfeiting solutions from blockchain startups with grants of up to $800,000.

Cryptocurrencies

Bitcoin Cash $119.14 USD (-14.61 percent): Taking coin price, network difficulty, and block rewards into account and using BTC as a baseline, Coin Dance estimates that BTC is a full 43 percent more profitable to mine than BSV, meaning that BSV miners are throwing away significant revenue by continuing to mine this blockchain. Ironically, BSV was supposed to be the miner-friendly implementation of BCH.

IOTA $0.262655 USD (-3.10 percent) Foundation is partnering with eCl@ss to standardize and simplify communication used across connected devices in the IoT. eCl@ss is internationally established as the only ISO/IEC-compliant industry standard and is thus the worldwide reference-data standard for the classification of products and services.

NEO $7.02 USD (-3.50 percent) released a new document outlining how the platform plans to further decentralize the network. The NEO Foundation will focus on promoting decentralization through off-chain governance – delegating consensus nodes to reliable and trustworthy parties.

Ripple $0.338017 USD (-2.89 percent): R3 has launched the Corda Settler, an application aimed to facilitate global cryptocurrency payments within enterprise blockchains – and it’s starting with XRP. R3 said XRP is the first globally recognized cryptocurrency to be supported by Settler, bringing the Corda and XRP ecosystems into closer alignment.

Stellar’s $0.136615 USD (-6.57 percent) XLM has been listed on National Digital Asset Exchange (NDAX), Canada's first exchange to add support for the XLM token.

ZCash $66.50 USD (-7.57 percent) is now available to retail customers using coinbase.com or the Android and iOS apps, a week after its listing announcement. 

– WN.com, Jamie Saarloos