Lives are more busy and fast than ever before. With the overload of information in the Digital media age, it has turned impossible to retrieve useful information when needed. Accurate ‘news’ became hardly accessible. The internet world constantly delivers manipulated and fake news, thus the integrity of the media is questioned.
We have taken it upon ourselves to convey relevant information and Crypto NEWS to Cryptocurrency and Blockchain enthusiasts. We are starting A weekly series of the most important news developments in the Blockchain space.
Let’s have a look at the most trending news of last week.
Cardano is the most actively developed cryptocurrency in 2018
Being the most actively traded or most valued cryptocurrency does not mean it will be the most actively developed one as well. Bitcoin, the world’s most traded cryptocurrency, is a distant 52ndmost actively developed cryptocurrency in the last 12 months, according to coincodecap.com, which maintains a log.
Cardano, which is at 11th place amongst most valued currencies, is by far the most actively developed one. In the last 12 months, it has received about 46,000 commits in its code repositories. Augur, ranked 48th in the most valued currencies list, has been the second most actively developed currency in the last 12 months with about 22,000 commits.
Ox, Ethereum and Lisk are the next most developed cryptocurrencies, in the same order.
Overstock Becomes the First Major US Company to Pay Business Tax in Bitcoin
Last November, the U.S. state of Ohio launched a payment portal that allows businesses to pay taxes with bitcoin core (BTC) and bitcoin cash (BCH) via Bitpay’s payment services. On Jan. 3, Overstock announced it was the first major U.S. company to pay a portion of its Ohio state business taxes with cryptocurrencies. There are 23 types of taxes that can be paid using BTC and BCH in the state of Ohio and Overstock will be using the ability to pay its commercial activities tax (CAT).
The company was “proud to partner” with the Ohio government “to help usher in an era of trust through technology for our nation’s essential financial systems,” adding: “We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose it’s place at the forefront of the ever-advancing global economy.”Overstock CEO and founder Patrick Byrne
Circle Executed $24 Billion in OTC Trades in 2018
According to an official Medium blog post on Jan. 3, The over-the-counter (OTC) trading desk at cryptocurrency finance firm Circle had a notional volume of $24 billion in 2018,The firm now partners with over 1,000 institutional clients such as exchanges, token projects, OTC desks, asset managers, and other global endowments. OTC trading services in digital assets are a particular draw for institutional investors, who are increasingly using the OTC desks of firms like Circle and Coinbase.
Irish Gov’t Approves Anti-Money Laundering Bill Affecting Cryptocurrency
The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — which came into force on July 9, 2018 — sets a new legal framework for European financial watchdogs to regulate digital currencies in order to protect against money laundering and terrorist financing. In addition to recognizing the EU directive, the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2019 would toughen existing legislation, including the use of “virtual currencies for terrorist financing and limiting the use of prepaid cards.”’
Bitcoin ATM Producer Moves to Switzerland Due to Regulatory Difficulties
Switzerland is known for its crypto-friendly approach and blockchain development hub “Crypto Valley” in the city of Zug. Later in June, the world’s largest crypto exchange, Binance, set up a bank account in Malta, saying that the new bank account was a “very significant” development since the exchange first revealed it was relocating its headquarters to the island. Apart from Switzerland and Malta, other countries — such as Bermuda, Estonia and Liechtenstein — are also actively adjusting and creating legislation to welcome blockchain and crypto projects.
10 Years Ago Bitcoin’s Genesis Block Changed the Course of History
Jan 3rd marked ten years since the creation of the very first block on the Bitcoin (BTC) blockchain. As data from the Bitcoin Block Explorer tool indicates, block 0 — counted as block 1 in very early versions of the blockchain — was mined on Jan 3, 2009, at 1:15:05 p.m. EST, with a reward of 50 BTC. The cryptocurrency’s inventor — the still-mysterious person or collective identified only as Satoshi Nakamoto — embedded the hexadecimal code of the genesis block’s Coinbase with an encrypted Times headline from Jan 3, 2009, referencing the bailout of the United Kingdom’s banks.
With Satoshi mining bitcoin with his CPU, it took six days to find block 1 on January 9 after the genesis block’s creation, and some people consider this day to be Bitcoin’s birthday as well. However, even though Finney was the first known or identified bitcoin recipient, Satoshi sent coins to quite a few people on that same day.
Major Exchange OKEx Adds 7 New Pairs to Crypto Derivative Product
Major cryptocurrency exchange OKEx has added multiple new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph Jan. 3. As Cointelegraph reported in late December, the exchange first launched a derivative product called a “perpetual swap” that supports BTC/USD,with up to 100x leverage. In late November, crypto exchange Huobi launched a platform dedicated to crypto derivatives, dubbed the Huobi Derivative Market, which allows customers to take both long and short positions.
Grandma-Friendly Bitcoin Lightning Network Wallet Launches In Australia
A partnership to roll out Bitcoin payments using the Lightning Network across Australia went live January 4 with the beta launch of Wallet of Satoshi. The product of payment gateway Living Room of Satoshi (LRS) and
The technology nonetheless remains in an experimental state, and only technically-proficient users could previously navigate it efficiently. Wallet of Satoshi’s developers wanted to change this, issuing a Lightning wallet with a user interface, which could make it simple to send and receive payments.
“We want everyone and their Mum to be able to participate in the new international economy, so it is focused on ease of use, and is available on iOS and Android,”LRS CEO- Daniel Alexiuc
BitTorrent to Launch Own Cryptocurrency On TRON Platform
BitTorrent, the peer-to-peer platform purchased by TRON’s Justin Sun earlier last year, is reportedly planning its own cryptocurrency. Based in Singapore, the company is calling its token BTT, and will run on the TRON protocol. BitTorrent allegedly has over 100 million users.
In the press release, Justin Sun commented on the situation:
“In a big leap, we will proudly introduce the Blockchain to at least hundreds of millions of users globally and empower a generation of content developers with necessary the tools to distribute content to others directly via the web.”
DGE Launches Its Cryptocurrency & Gold Exchanges
In Seoul, South Korea, global blockchain developer DGE has launched the beta services of its gold trading platform Digital Gold Exchange and its cryptocurrency exchange COINZEUS. Both have been open for business since December 31 of 2018.
During the first quarter of 2019, DGE is set to engage in a vast partnership with the Korea Gold Exchange, thereby giving more customers within the region access to precious metals and respective portfolio expansions. By introducing residents to the Digital Gold Exchange, the venture is building a tie between cryptocurrency and gold and offering customers the chance to trade either via blockchain technology.
He also stated that the open beta service will serve as a “testing ground for the autonomy of blockchain and the stability of markets through central control, which are the two main values of DGEx.”
Bakkt Raises $183 Million in Seed Funding for Trading Platform
Bakkt, the cryptocurrency trading and liquidity platform owned by the New York Stock Exchange’s parent company Intercontinental Exchange (ICE), has raised $182 million in funding. The platform’s CEO Kelly Loeffler made the announcement via a post on Medium on New Year’s Eve.
This is the platform’s first seed funding round and according to the announcement, some of the high-profile companies that participated in the funding round include Eagle Seven, Alan Howard, Goldfinch Partners, Protocol Ventures, M12 (the venture capital arm of Microsoft), Horizons Ventures, Galaxy Digital, the Boston Consulting Group, PayU, CMT Digital, Intercontinental Exchange and Pantera Capital.