‘Blockchain,’ ‘Cryptocurrency,’ and ‘Bitcoin,’ can be listed as the most significant disruptive technological innovations, in recent times.

The blockchain technology can be compared to the internet which evolved and encompassed everything within its fold, almost immediately. The world has witnessed a massive proliferation of blockchain applications and initiatives. The blockchain industry has become a revolution within a very short span of time.

So, what is a blockchain?
A blockchain can be defined as a public ledger that is operated by thousands of people and holds the record of every transaction within a network using a specific currency. No one person has control over the transactions involved and you don’t have to trust one single entity such as a bank with your assets. The blockchain provides security, validity, and transparency to transactions and makes it possible for people to buy and sell without having to trust the person they are trading with.

The blockchain technology offers simple, fast, secure, and reliable solutions without the involvement of intermediaries. So, you can now maximize your economic potential on your own terms and conditions!

In enhancing blockchain/cryptocurrency trading, Ibinex, a white-label solutions provider in cryptocurrency software, is channeling the power of thousands of exchanges with one unified backend infrastructure. This implies that financial entities will no longer have to develop their own currency exchange and privately source cryptocurrency liquidity. The Ibinex solution provides the much-needed stability to the cryptocurrency market by standardizing onboarding, KYC/AML, and consumer education with the security hardened technologies.

Ibinex seems to have well understood the apprehensions of crypto traders. Therefore, it has come up with such workable, effective, fast, and low-cost solutions through its independent and transparent platform.

In August, during the launch of the second iteration of its platform, Ibinex announced that it has recently joined the Australian Digital Commerce Association (ADCA). The ADCA is a not-for-profit company working to encourage the responsible adoption of blockchain technology across Australia as a means to transform the country into a leading blockchain developed economy. As an ADCA member, Ibinex now helps advance the adoption of blockchain technology in Australia and works together to advocate for appropriate regulatory and policy settings.

According to Simon Grunfeld, CEO of Ibinex, membership in the ADCA is a part of the firm’s strategy to collaborate with organizations that focus on the adoption of blockchain and innovation across all sectors of the crypto economy.

Ibinex is also the first cryptocurrency firm to become a member of the Financial Commission (FinaCom), a self-regulatory organization for the foreign exchange sector.

Bitcoin Cash parted its way away from its chief cryptocurrency Bitcoin in the middle of 2017 while supporters screamed that the pinnacle crypto’s block volume of 1MB was very undersized and was unable to formulate large volume of dealings and had suffered a bad era lately. The bear marketplace had consumed an element of its marketplace restriction, which will result in the coin permanently threatening in the bear region.

This enabled the well-known Bitcoin hard fork that introduced Bitcoin Cash, having the dream of a latest and a superior Bitcoin, which can excavate blocks with an enormous volume of 8MB. Followers of the latest cryptocurrency supported that BCH will take over Bitcoin because of the total amount of dealings it can manage.

Bitcoin Cash supporters wished to enclose additional dealings on a particular block thus permitting improved utilization of the cryptocurrency’s blockchain. On the other hand, approximately after 18 months, BCH’s unique purpose does not appear to be accurate.

A statement by the investigation firm LongHash puts forward that in spite of the superior aspirations of Bitcoin Currency, it has, after its commencement, by no means excavated a block of 8MB in volume.

LongHash accounted that the standard block volume for Bitcoin Currency, after its separation from Bitcoin in August 2017, is 171KB in size, which is simply 2.1 percent of the 8MB limitation that supporters publicized.

The statement notified:

“Till now in a single day simply the BCH blocks were above than half filled. On the 15th of January, 2018, BCH blocks approximated 59% of their entire space.”

About latest block volume space, Bitcoin Currency has approximated simply 34 KB in block volume in the previous 30 days that is simply 3.7 percent in contrast to Bitcoin’s block volume of 923 KB, in the exact stage.

One more appealing discovery is that the block volume assessment mirrors the marketplace subsidization distinction among the two cryptocurrencies, by Bitcoin Cash’s marketplace restriction amounting for 3.6 percent of the marketplace restriction of Bitcoin.

LongHash affirmed:

“Several are going to declare that it’s an optimistic signal that BCH blocks are not close to their space. However, others are going to point to the deficiency of interest in BCH as concerning.”

As a comparative analysis among Bitcoin and the altcoin, Roger Ver who is the CEO of Bitcoin.com and major BCH supporter send a tweet affirming that BCH in 2019 is what Bitcoin was mainly planned to subsist.

As per a local news agency, a Bitcoin millionaire has been arrested after making it “rain cash” on the streets of Hong Kong.

On Sunday, bundles of Hong Kong dollar bills were thrown off a roof in Sham Shui Po, one of the poorest Hong Kong neighborhoods. Wong Ching-kit, a local cryptocurrency enthusiast, and a Bitcoin millionaire and entrepreneur who owns the Epoch Cryptocurrency website is reportedly believed to be responsible for the act.

In a social media video posted by him, he is seen asking the fellow passers-by saying “does anyone believe that money can fall from the sky” before money starts falling from a high-rise building behind him.

According to the news agency, just after the stunt, the man was arrested by local police, before performing another publicity stunt. Currently, he is in police custody for charges framed against him which is “disorderly conduct in a public place” while live-streaming with a stack of cash in his hand.

The police claimed that they have only recovered close to 6,000 HKD while some other news agencies claim that hundreds of millions of HKD was dropped from the rooftop.

The shares price of Nvidia has dropped down by 48 percent from October which is just around half of the value. Further, as per sources, SoftBank is planning to sell its 4.9 percent share in the (leading) graphics chip maker. Nvidia graphics chip deals with gaming machines.

As per the Bloomberg report, SoftBank had acquired Nvidia shares of around $3 billion in the year 2017 from Vision Fund. It also said that SoftBank might sell the entire or part of its stake at the beginning of the (next) year.

Crypto issues not affecting the price of Nvidia shares

At one point in time, there were controversies regarding the fall of Nvidia shares that were affecting the performance of cryptocurrency prices.

However, as per the CCN opinion, Nvidia had exited the market long back when Bitmain was gaining. It also reported that there is no relation between Nvidia shares and cryptocurrency market which should hamper the shares price of Nvidia shares. The actual reason which affected the prices of Nvidia shares is the reduction of demand in graphics processor unit (GPU) mining chips, apparently because the other two mining chip projects such as ASIC and machines were performing much better in the market due to their efficiency level, which was exclusively designed only for the purpose of cryptocurrency mining.

However, the demand for cryptocurrency mining equipment was extremely high when Nvidia was totally out of the market. With the growing technology, various competitors such as Bitmain, Canaan, and Samsung are also mounting up enormously. The large-scale crypto mining operations are one of the actual sources which are sufficient enough to create demand of such specialist machines. In August, Nvidia CFO Collette Kress expressed his opinion that “Whereas we had previously anticipated cryptocurrency to be meaningful for the year, we are now projecting no contributions going forward.”

In the previous month, CNBC Mad Money’s Jim Cramer demonstrated a possible reason for Nvidia’s abrupt woes and quoted that “Nvidia still makes the best graphics chips, which have become more powerful than traditional microprocessors. It still has a lead over the competition in a lot of uses, although you could argue that AMD’s catching up to them in the data center while Intel rivals them in self-driving vehicles. I think Nvidia made an honest forecasting mistake.”

Even though Nvidia’s share price has dropped down to one of the lowest levels, it still deals with one of the largest gaming graphics card maker. However, even if SoftBank sells its Nvidia share, they will still earn $3 billion from such deal, as it constructed a “collar-trade” to defend against a share price decline.

Prior to the ban imposed by the Supreme Court of India on trading of cryptocurrency, the Securities and Exchange Board of India (SEBI) sent two government officials to Switzerland and Japan to understand digital currency better. The investors in India were quite optimistic about the move.

But the ban has dampened the hopes of many startups, who were eyeing for regulations and recognition. The Reserve Bank of India (RBI) has warned against the usage of these currencies in the country, citing that they can pose financial and legal threats.

Presently, the country has 15 cryptocurrency exchanges. Many startups have even started to fund themselves using the Initial Coin Offerings (ICOs). But it is not only the investors or startups who will feel the err, developers and companies working on open blockchain technology will also face the tough time.

The RBI is open to blockchain technology and sees its capability to enhance the financial system but opposes the use of cryptocurrency.

How can this dual standard affect the market? Let us have a look.

Quit call for Zebpay
Following the blanket of the ban, the popular cryptocurrency exchange has decided to stop its India operations. The exchange was unable to find any banking service from any commercial bank and financial institution in the country.

The effect of termination of their service in India can be monumental as it remains one of the famous crypto trading platforms of the country. But the spokesperson of the company said that they wholeheartedly welcome the government’s decision.

While Zebpay is totally supportive of the government’s decision, it was unfortunately forced to shut down its service as banks weren’t supportive towards them.

Isolation of India
The delay in regulating the digital market by the government will affect the market growth. It is said that sooner it is regulated, the business will start coming faster, but the delay can lead to the loss of business. Cryptocurrency will be a delayed to flourish in the market of India.

Nations like Japan, France, Malta, Switzerland are increasingly mindful on setting up amicable regulation for startups dealing with digital currency. This led to the establishment of leading crypto exchanges and the opening of new blockchain projects in these regions. If the local exchanges like Zebpay start to leave the Indian market, it will take years to revive the local digital currency and blockchain market.

Huobi is the Singapore based cryptocurrency exchange firm and provides the asset management service. It has been awarded a full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission (GFSC) along with the Gibraltar Blockchain Exchange (GBX).

The GBX is a subsidiary of the Gibraltar Stock Exchange Group. It is recently launched its institutional grade token sale platform and the Digital Asset Exchange. The allowance of the DLT means that the GSX has become the first stock exchange. It is to own a blockchain exchange regulator.

After completing the procedure of application, Gibraltar blockchain Exchange and Huobi can now store and even transmit the value which belongs to others who are using blockchain technology.

Eager to build and having a purpose:

The CEO of the Gibraltar Blockchain Exchange named Nick Cowan said that the securing authorization as the DLT license provider here in Gibraltar is an affirmation of their tireless efforts to position the GBX among the premiere Digital Asset Exchange. Now, the announcement regarding the sale platform renews the ambition of them to create a world-leading exchange. They are even excited to build on this wave of energy following their full-scale public launch which is going to be in July.

Gibraltar’s Distributed Ledger Technology is built a regulatory framework for firm plans using DLT or the cryptocurrency purposefully. It was introduced in January. Huobi is fully charged with the legislation as a company through the DLT regulatory framework principles. They can engage with the regulators in the tough and quick manner. In the meantime, it also gets the advantage from the flexible framework which allowing room for the guidelines to evolve in tandem with the blockchain platform.

Supportive and effective framework:

The quick legislation they have introduced gives quality based firms like Huobi, a supportive framework. It can further develop and can even grow sustainable legacies. The announcement is another example to the Gibraltar market which is providing for the firms seeking innovation. It is under the umbrella of sensible and regulation security in an effective way.

One of the famous cryptocurrency exchange Huobi, the machinist has recently started a new Collectivist Event group originally for the crypto trading activities and blockchain-focused businesses in China.

The corporation which functions in the Hong Kong-based exchange of the same name at present is the 3rd highest international company accustomed to the trading volume. The news was announced on its official website on 16th November 2018 stating that it is essential to change the Collectivist Event ideologies and strategies into private firms.

The change has been aimed to gather events provision for the firm in its domestic industries, which is the primarily important thing for the Chinese crypto trading as well as the space of blockchain. The founder of the first Huobi crypto exchange and CEO Li Lin named the original group “a milestone” for his company. The name was given at the opening ceremony where more than 50 executives were present.

Subsequently, China’s controllers broke down on cryptocurrency trading in 2017 and the local exchanges were made mandatory to change to more approachable authorities. Though Huobi’s crypto exchange trading has at present based in Singapore, it still has blockchain referring and investigation processes on the China continental.

The Collectivist Event needs companies which will have at least 3 event memberships to create many committees, as per the company sources, though it is ordinary for community individuals to work efficiently. At present, though, creating many official draws to the governing event has developed much collective at private initiatives.

On the other hand, though authorities of Chinese have fastened down on numerous activities related to cryptocurrency, such as token sales, they are vigorously endorsing the acceptance of blockchain know-how. Indeed, the Collectivist Event group has stimulated to create blockchain literateness the standard through community workplaces with the newspaper of an interpreter for bureaucrats and associates in August 2018.

One of the largest fiat-to-crypto exchange in the worldwide marketplace Coinbase by the end of 2018, is all ready to get more than $1.3 billion in annual income.

Binance in the month of January, the go-to crypto exchange for numerical asset traders, made a complete revenue of $200 million, crossing that of Germany’s major monetary institution Deutsche Bank.

Bithumb and Upbit, two of the main exchanges in South Korea, have allegedly been recorded once-a-month income of $100 million in early 2018 mainly from the deal and elimination fees. In the month of January 2018, according to Yoojjin Investment researcher Jung Yoon-ho seeing the $2.5 billion in user funds that are vigorously operated in the area, and the average dealer fee is 1 percent, Jung further stated that Bithumb has created $2.5 million in day-to-day revenue at the start of 2018.

However, due to the allowance of the market and the weakening in trust towards crypto exchanges by investors in South Korea because of the two successive safety breaches of Bithumb, experts forecast that the once-a-month revenues of main crypto exchanges in South Korea have released from $100 million to around $60 to $70 million in the past 10 months.

As per the reports published in Bloomberg, documents gotten by the publication revealed the projected annual revenue of Coinbase to be around $1.3 billion.

Binance, for instance, publicly disclosed that it will donate all of the listing fees given by projects to be listed on the exchange to fund transparent initiatives led by reputable organizations like the UN with crypto.

“If you look at the first few UN Sustainable Development Goals, such as poverty, hunger, health and even education, these are easily addressed or improved by the charity initiatives. Yet, what we’re trying to do is a level deeper. I believe that by improving transparency in the charity sector, we will be able address all 17 goals as a whole, at a more fundamental layer,” Binance CEO Changpeng Zhao said.

As such, major crypto exchanges have concentrated their revenues to the core business model of facilitating cryptocurrency trades with minor fees.
Throughout the past eleven months, the volume of the crypto exchange market, which hovered at around $20 billion, has nearly halved. The volume of Bitcoin, the most dominant cryptocurrency in the market, dropped from nearly $8 billion to $3.5 billion.

Still, a $10 billion daily trading volume of the crypto exchange market, which is still at its infancy, is sufficiently significant for exchanges to generate large revenues.

Julie Verhage at Bloomberg reported that the firms $1.3 billion in sales for 2018 comes from the instructions on skills on its platform, as well as from improvements and sufferers in its own crypto holdings. Because the company looked at numerous interior events of revenue, the exact figures could be different.

The massive mainstream of incomes carried in by cryptocurrency exchanges is generated through dues on purchasing and selling of orders, as well as removal requests. The profitable commercial model of crypto exchanges has enticed in numerous institutions and corporations throughout the year. In South Korea, every maximum crypto exchanges are currently functioned by multinationals which are ruling local industries as they are multi-billion dollar companies, some of them are Kakao, Shinhan Bank, and Nexon.

A federal judge has discharged a complaint against Coinbase claiming the exchange offends investors when it registered bitcoin cash by letting insider trading. The announcement came as Cryptocurrency prices slipped on Thursday, with Bitcoin and Ethereum dropped more than 1 percent. The report says that a federal judge discharged lawsuit in contradiction of Coinbase received some attention.

Bitcoin dropped 1.2% to $6,507.5 by 12:40 AM ET (04:40GMT) on the Bitifinex exchange, Ethereum fell 1.8% to $203.88 and Litecoin was down 1.5% at $52.979. XRP lost 2.7% to $0.46067 on the Poloniex exchange.

This week, U.S. District Judge Vince Chhabria, from the Northern District of California, discharged a lawsuit filed by Arizona resident Jeffrey Berk in March against Coinbase, CoinDesk reported. The report stated that Berk suspected that the exchange for allowing insiders to trade bitcoin cash preceding to its listing on the exchange.

According to Berk, expectedly, those who had been sloped off [about bitcoin cash’s listing], directly swamped Coinbase and the GDAX [sic] with the purchase and sell orders, retreating the liquidity but procurement BCH at fair prices. The market effect was to unethically drive up the price of BCH for non-insider traders once BCH came online at the Coinbase exchange.

In discharging the suit, Judge Chhabria mentioned that the complaint of Berk does not adequately express the legal basis for his claims, and enlightening that “a reader of the complaint is thus left speculating what Coinbase must have done otherwise, or why the rollout of bitcoin cash would have gone more effortlessly had Coinbase done whatever Berk thinks is suitable.”

According to a report published in Reuters Japan is currently letting cryptocurrency exchanges to self-regulate through the Japanese Virtual Currency Exchange Association. Japan’s Financial Services Agency (FSA) will handover oversight powers to the production body.

Reuters cited an unnamed senior FSA official as saying, it’s a very fast-moving industry. It’s better for experts to make rules in an appropriate manner than bureaucrats do.

The ruling is significant to how the case may proceed, Palley said. While Coinbase has the option to file another motion to compel arbitration, the amended complaint is likely to move even further away from the user agreement than the original.

“A decent lawyer isn’t going to make a losing argument when they’ve already lost on the point before,” he said.

As a result, the case may then proceed through the court system.

While Palley did not speak to the merits or the claims made in Berk’s suit specifically, he noted that generally, if a lawsuit moves past a motion to dismiss and discovery and is certified as a class action, “in most cases these things settle.”

“If you’re a class, if I’m one person and I’ve lost $50 that’s not very much, but if I’m … representing 10 million people and we’ve all lost $10 then that’s $100 million. That’s the advantage of a class action,” he said.

A subordinate of Abu Dhabi Ports has collaborated with Belgium’s Port of Antwerp for a blockchain pilot focused to enable international trade. The proof-of-concept (PoC) trial will be led by Maqta Gateway using its own blockchain platform, Silsal, which was propelled in June to address disorganizations in the shipping industry and better connect importers and exporters.

Silsal, the name of the project, uses an electronic blockchain ledger system to deliver complete cargo discernibility and rationalize trade flows and supply chains. If tested positively, the Silsal project expects to mechanize the exchange, documentation, and salutation of cargo forms among Abu Dhabi ports and Belgium’s Port of Antwerp. Every investor acts as a node of a blockchain network who gets to the right of entry and recognize the real-time supply chain of the shipped items.

According to a press release, the trial is predictable to assist the corporations to handle trade certification between the United Arab Emirates and Belgium, “offering full cargo visibility and streamlining trade flows and supply chains.”

The use of blockchain to pioneer ancient observation and record-keeping systems expects to boost the prices, time, and integrity of the international trades. An identical follow is already happening across the provision chains of alternative industries, notably in commodities. Shipping firms like FedEx have conjointly joined the blockchain bandwagon by lining up their non-public offer chain initiatives.

As part of the pilot project, Maqta Gateway will use Silsal to run a Proof of Concept test with the Port of Antwerp for the handling of international trade documentation using blockchain technology. The two sides have already established and agreed on the technical specifications of the test, which will be achieved in the fourth quarter of 2018. Dr. Noura Al Dhaheri, corporate executive of Maqta entryway, a subsidiary of United Arab Emirates’s capital Ports, explained the potential of their project whereas speaking at GITEX Technology Week.

He said:

“We realized early on that blockchain technology can provide the very things necessary for reliability and integrity in the increasingly complex global supply chain. Silsal’s first international step today, working with the Port of Antwerp, is a manifestation of Abu Dhabi Ports’ commitment to secure Abu Dhabi’s global standing as a premier logistics, transport, and trade hub, and support the Abu Dhabi Economic Vision 2030.”

Abu Dhabi Port’s latest participation in the annual GITEX Technology Week comes at a time when the port operator is strengthening its relationship with institutions that can support Abu Dhabi’s digital transformation. In September, Maqta Gateway signed a Memorandum of understanding (MoU) with Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, to collaborate on innovation projects, technologies and knowledge transfer. As part of the partnership, both entities will exchange expertise and partner for joint innovation projects to develop and apply technologies in the areas of digital and mobile payments, blockchain and distributed ledgers, flexible platforms, among others.

Abu Dhabi Ports is furthermore creating additional covert DLT comes during an enterprise with United Arab Emirates’s capital world Market, the International monetary Centre in United Arab Emirates’s capital. The area aims to become a digitally remodeled space within the next 5 years by emerging solutions on the maximum of ground-breaking technologies that, additionally to the blockchain, symbolize AI and IoT.