Last Week in Crypto: 31 Dec 2018 to 6 Jan 2019

Price Change in the Last 7 days:

Start End Change
Bitcoin: 3864.83 4085.04 + 5.70%
Ethereum: 138.53 159.2 + 14.92%
Ripple: 0.367448 0.367938 + 0.13%
*The week started on 31 December 2018 and ended on 6 January 2019. The above prices are as of 12 o’clock Midnight of 31 December and 6 January

Monday, 31 December 2018

DGE Launches its Gold and Cryptocurrency Exchanges

In South Korea, global blockchain developer, DGE, has launched the beta services of its gold trading platform Digital Gold exchange and its cryptocurrency exchange CoinZeus.

The process works as such: Users purchase both physical and digital gold using the platform’s official cryptocurrency called the Midas Touch Gold (TMTG). Users first purchase the cryptocurrency which they can then exchange for physical ounces of gold stored offsite or the digital gold (MDG), which can later be converted to physical gold. Real ounces can also be exchanged for MDG.

Tuesday, 1 January 2019

BitTorrent to Launch its own cryptocurrency

In 2018, one of the biggest news was when TRON acquired BitTorrent. Now, BitTorrent will launch its own cryptocurrency, BitTorrent Token (BTT), on Binance LaunchPad. Users will receive BTT for sending files for a longer period of time and sharing bandwidth. 990 Billion BTT tokens will be created by TRON and it will also offer wallets to its users.

Whitepaper – https://www.bittorrent.com/btt/btt-docs/BitTorrent_Token_Whitepaper.pdf

Wednesday, 2 January 2019

DMM quits cryptocurrency mining business

Japanese e-commerce giant DMM.com is reportedly in the process of winding down its cryptocurrency mining business, less than a year after it set up the operation.

In September 2017, DMM announced its plan to set up a mining farm with a goal at the time to become one of the 10 largest mining farms in the world by the end of 2018. It then began mining cryptocurrencies including bitcoin, ethereum, and litecoin, in February 2018. DMM made the decision to withdraw from mining in September 2018 as the overall cryptocurrency market slump led to deteriorating profitability for the business. The withdrawal process, including the sale of its mining machines, could continue until the first half of 2019.

Thursday, 3 January 2019

Happy 10th Anniversary to Bitcoin.

In 2008, Satoshi Nakamoto published a whitepaper named ‘Bitcoin: A peer-to-peer electronic cash system’. After the release of the paper, on 3rd January 2009, Nakamoto started mining the bitcoin blocks. Hence, this week marks the 10th Anniversary of Bitcoin.

This Screenshot is taken from blockchain.com

Bitcoin has seen ups and downs, but it has fulfilled its purpose of P2P decentralized currency, with more than 1000 cryptocurrencies out there to be traded.

CoinText Service to Allow Crypto Transactions over SMS in Philippines

US-based crypto wallet company CoinText.io has launched BCH transaction via SMS only in the Philippines. The Founder of CoinText, Vin Armani said in an announcement:

“The ability to send value over SMS is tailor-made for The Philippines. Remittances are a big part of the economy and Filipinos are already big adopters of cryptocurrency, especially Bitcoin Cash.”

Friday, 4 January 2019

Augur most actively developed cryptocurrency of 2018

Augur, which is not even in the top 10 most valued currencies, is by far, the most actively developed cryptocurrency of 2018. In the last 12 months, it has received about 20,000 commits in its code repositories. Cardano has been the second most actively developed currency in the last 12 months with more than 17,000 commits as reported by coincodecap.com.

Saturday, 5 January 2019

Ternio introduces BlockCard

Ternio has announced their first product for the general public called BlockCard. BlockCard is a debit card that enables the card holder to spend the value of their cryptocurrency with the same ease as traditional credit cards. BlockCard can be used for online or in physical store locations, anywhere in the world where major credit cards are accepted.

You can transact Bitcoin, Ethereum and Stellar Lumens.

Sunday, 6 January 2019

Fortnite’s Merch Store accidentally accepts cryptocurrency as a payment method

Epic Games recently launched the Retail Row merchandise store which features Fortnite-themed clothing and more. Due to a miscommunication with a partner, users were able to purchase using Cryptocurrency for a short period of time.

For a brief period of time, Epic Games’ Retail Row merch store accepted Monero (XMR) as a payment method upon checkout. Unfortunately, this decision was not intentional and was quickly reverted.

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