The rundown: Bitcoin and all major currencies were down in the morning; Ohio becomes the first state in America to accept payment for taxes via cryptocurrency; NASDAQ plans to list Bitcoin futures by the first quarter of 2019; Malaysia warns businesses against launching cryptocurrencies before issuance of legal guidance by the central bank; Al Hilal Bank becomes the world’s first Islamic bank to conduct a bond transaction on blockchain; and more.
Here is what is happening in the cryptocurrency market on Tuesday.
In the News
Ohio has become the first state in America and one of the first governments in the world to accept taxes via cryptocurrency. The Office of the Ohio Treasurer has launched OhioCrypto.com to enable businesses pay taxes with cryptocurrency. The Treasurer’s office has selected BitPay as a third party cryptocurrency global payment processor.
YGGDRASH has partnered with REMIIT, a blockchain powered open market remittance platform. YGGDRASH is developing a blockchain platform to enable the blockchain experience in everyday life, while REMIIT’s blockchain-based remittance platform uses smart contracts to reduce network complexity.
Ledger, a crypto assets provider, has expanded its U.S. presence to New York City and appointed Demetrios Skalkotos to lead global business unit operations for Ledger Vault, an enterprise security solution for financial institutions.
WORBLI, an EOS-based financial services network for enterprises and individuals looking to unlock the potential of blockchain technology, has teamed up with identity verification provider Onfido. The partnership will allow for the fast onboarding of people and services to the WORBLI network with full KYC and AML verification, according to a press statement.
The NASDAQ Stock Market is planning to list Bitcoin futures by the first quarter of 2019, Bloomberg reported, citing two people familiar with the matter. According to the report, NASDAQ has been at work to address the concerns of the Commodity Futures Trading Commission before launching the contracts.
Businesses wanting to introduce cryptocurrencies in Malaysia must wait for legal guidance from Bank Negara Malaysia, said Malaysia finance minister Lim Guan Eng. Addressing parliament on Monday, Guan Eng advised “all parties wishing to introduce bitcoin (style) cryptocurrency to refer first to Bank Negara Malaysia as it is the authority that will issue the decision on financial mechanism,” reports the New Straits Times.
Abu Dhabi-based Al Hilal Bank has become the first Islamic bank in the world to conduct the resale and settlement of a $500-million bond on blockchain. The bank aims to transform the Sukuk market by using blockchain and integrating it into their infrastructure, paving the way for innovative digitized Islamic Sukuks, dubbed Smart Sukuks, according to a press statement.
The Bahrain Institute of Banking and Finance (BIBF) has launched its Blockchain Academy to offer the kingdom’s first Blockchain Professional Qualification Program. With the professional qualification program launching on January 6, 2019, the BIBF in collaboration with the Dubai-based training provider myLearning Key will offer a five-day training program to prepare participants to earn the international qualification of Certified Blockchain Professional.
Cryptocurrency Prices Today (As of 9:37 AM EST)
Bitcoin (BTC) is down 1.57% over the past 24 hours, trading at $ 3,754.75.
Ethereum (ETH) is trading at $105.77 in the morning, down 4.38% over a 24-hour period.
Bitcoin Cash (BCH) is trading at $174, down 3.46% over the past 24 hours.
Ripple (XRP) is trading at $0.3526, down 2.27% over a 24-hour period.
Litecoin (LTC) is trading at $29.83, up 1.32% over a 24-hour period.
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