1. Cryptocurrency Exchange UpBit Officials Indicted For Fraud
Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. Upbit has denied the charges and insisted that it did not commit fraud, engage in wash trades, or trade cryptocurrencies it did not own. Read more at Bitcoin.com.
2. Consensys Is Not Laying off 60% of Staff
A source at the company with knowledge of the situation says the article’s most dramatic claim—couched as the speculation of an unnamed insider—is untrue. The idea that 50 to 60 percent of ConsenSys employees might be laid off “is entirely not correct,” he says. He confirmed that some project teams have indeed been presented with a stark choice about their future, one which may leave little opportunity to remain part of ConsenSys. Read more at BreakerMag.
3. Bakkt Futures Set To Be Approved In Early 2019
Cryptocurrency exchange & platform for the first-ever Bitcoin-settled futures contract, Bakkt, is expected to be approved by the United States Commodity Futures Trading Commission (CFTC). Bakkt, owned by Intercontinental Exchange Inc., will be the first to offer a BTC-settled futures product. Read more at Bitconist.
4. Cryptocurrency CPU Mining Makes a Comeback
In the world of cryptocurrency mining, plenty of changes have occurred throughout the years. Whereas CPU mining once was people’s only option to generate Bitcoin, things have taken a few interesting twists and turns over the years. To date, CPU mining is pretty much unfavorable, although it may not disappear anytime soon. The new VerusHahs algorithm certainly wants to keep CPU mining alive, for the time being. Read more at NullTx.
5. Market Bottom: Joseph Lubin Says The Worst Is Over
The Oracle has spoken. Blockchain pioneer Joseph Lubin has called the “cryptobottom of 2018.” In a tweetstorm that is uncharacteristic of the Ethereum Co-Founder and ConsenSys leader, Lubin addressed the elephant in the room — market prices. Looking at any cryptocurrency exchange, the prices have been having a good week. Read more at CryptoBriefing.
6. German Railway Operator Examines Deploying Blockchain to Tokenize Its Ecosystem
German railway operator Deutsche Bahn AG (DB) has partnered with blockchain integration platform Unibright to examine the possibility of tokenizing its ecosystem. DB appointed Unibright to make preparations for an internal workshop, dedicated to the possible tokenization of the company’s assets. The railway giant, which is considered to be the largest in Europe, wants to find out whether decentralized solutions can cut operational costs and help DB interact with other members of the travel industry. Read more at CoinTelegraph.
7. UAE Finalizing ICO and Blockchain Regulations: Mid-2019 Target
The United Arab Emirates regulatory body has approved ICO tokens as securities and a completed framework will be available in the small middle eastern country in the middle of next year. Moreover, the Securities and Commodities Authority have also announced intentions to work with the Abu Dhabi Securities Exchange and Dubai Financial Market to develop localized trading platforms for crypto assets. Read more at CCN.
8. Mimblewimble is about to go live
Mimblewimble is about to go live – not in one, but in two distinct implementations. On Dec. 25, and Jan. 15, respectively, two different networks – dubbed Beam and Grin – are expected to launch, each offering slightly different custom builds of the privacy-oriented protocol. “So far, privacy has always been introduced at the detriment of scalability. We’re changing that,” the pseudonymous Grin developer, known as “Ignotus Peverell”. Read more at CoinDesk.
9. IOTA Announces New Trinary Cryptographic Hash Function
The IOTA Foundation announced today the development of a lightweight trinary cryptographic hash function. The Foundation collaborated with CYBERCRYPT, a leading system provider in cryptography and cybersecurity to complete this project. Troika, the hash function name, will provide “a strong cryptographic foundation for the final IOTA protocol”. Read more at Blokt.
10. Tiny Artwork Sold In A Tiny Auction Via Tiny Lightning Network Payments
Crypto artist cryptograffiti, recently sold an artwork titled “Black Swan” for 1 millisatoshi. He is known for his street art throughout the Bay Area and the Pacific Northwest. The “micro auction,” as cryptograffiti calls it, took place over an implementation of the Lightning Network (LN), a web of payment channels built on top of the Bitcoin blockchain that enables off-chain transactions. Read more at EthNews.