Cryptocurrency Daily News Bulletin: December 10, 2018

General News

Coinbase has announced a list of 31 cryptocurrencies that they are looking into for potential listings. Four hours after announcing the list, Coinbase Pro said it was also launching support for Civic, District0x, Loom Network and Decentraland’s tokens - three of the coins that were on this list. EOS is one coin on the list and managed to surge over 16 percent this weekend. 

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced its decision to launch a pilot Global Payment Initiative (GPI) service which aims to compete with the growing threat of competing blockchain and fintech solutions provided by institutions like Ripple, JP Morgan and Transferwise.

Abu Dhabi National Oil Company (ADNOC) has partnered with IBM to pilot blockchain-based transaction management for its commodities right from the oil wells through to its end customers; including tracking, validating, and executing, transactions.

Russian state-owned bank, Sberbank, has completed a repurchase agreement, or repo, using blockchain technology. With participation from Region Brokerage Company and the country’s National Settlement Depository (NSD), it settled the “world’s first” three-way OTC repo using a smart contract. 

Venezuela’s President Nicolas Maduro has said the nation will sidestep the U.S. dollar and phase in use of its controversial petro token for oil sales starting next year. 

The president has a six-year financial plan to use the token to avert the impact of U.S. sanctions. The announcement of the plan comes after a meeting earlier this week with Vladimir Putin in Moscow, where Maduro discussed how Russia is already trading oil and other products in Chinese yuan and that Venezuela would follow its example with the Petro.

Cryptocurrencies 

Bitcoin Cash $107.03 USD (-1.66 percent) is gaining support from Winklevoss-owned Gemini crypto exchange, the firm announced over the weekend. However, they claim only to be supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). They added: “we are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or may not choose to support withdrawals and/or trading of Bitcoin SV in the future.”

Dash $71.48 USD (2.24 percent) is growing in usage in Venezuela. KFC in Venezuela is accepting payments using the Dash starting this week, joining a growing list of fast-food chains that accept crypto in Venezuela. “The Dash movement is spreading and growing fast in Venezuela,” Co-founder Echeverría said. “First it was food trucks and small family businesses that started to adopt Dash for payments. Now we’re attracting more established businesses.”

Bitcoin News
@BTCTN

Elon Musk is "highly confident" that Spacex will land humans on Mars about six years from now. He believes that Mar… https://t.co/iI74PwYmud

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Bitcoin News
@BTCTN

Spacex and Tesla CEO Elon Musk believes that Mars' economy will be run on #cryptocurrency. #bitcoin #marscoin… https://t.co/2yrxGKiiLH

2020-12-31 09:07:45

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Bloomberg Markets
@markets

Coinbase knew cryptocurrency XRP was a security rather than a commodity and “illegally” sold Ripple Labs’s tokens a… https://t.co/rKcQvUxdaL

2020-12-31 02:50:17

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Ethereum’s $92.62 USD (0.31 percent) open-source development team have reached agreement on an activation time for Constantinople, a proposed code change designed to give users the option to update the blockchain with additional features. The developers agreed on block 7,080,000 on the ethereum blockchain as an activation point, meaning Constantinople is expected to go live between January 14 and 18 after being delayed from its original November launch.

NEM $0.073180 USD (0.12 percent) says it’s partnering with China’s biggest artwork database, GUBI. The company will use the NEM blockchain to develop its identity system, user and expert credit system, and online reviews.

Stasis $1.17 USD (2.0 percent), a Malta-based issuer of stablecoins, has hired accounting firm BDO Malta to conduct quarterly and annual audits of its financials, including the euro reserves backing the startup’s EURS token.

TenX $0.259583 USD (6.18 percent) president Julian Hosp has reportedly been implicated in connection with Lyoness, an Austrian discount shopping service that has been declared an illegal pyramid scheme in Norway, Austria, and Switzerland.

Tron $0.013339 USD (-0.82 percent) founder Justin Sun has thrown a jab at Ethereum and EOS, announcing on Twitter that the company wishes to create a fund to “rescue” dApp developers working on both platforms on the condition that they move their dApps to the Tron network.