– Malaysia’s regulations for digital asset, cryptocurrency exchanges and initial coin offerings (ICOs) will come into force by first quarter of 2019.
– The South Korean government plans to use blockchain technology for an electronic voting system
– Galaxy Digital’s realized and unrealized losses totaled about $41 million in the third quarter of 2018
– Steemit announced that it is undergoing a structural reorganization. As a result, Steemit will layoff 70% of the team.
– Huobi has launched its crypto derivatives marketplace
Malaysia‘s finance minister Lim Guan Eng said that the country’s regulations for digital asset, cryptocurrency exchanges and initial coin offerings (ICOs) will come into force by first quarter of 2019.
“While some parties might still be sceptical of this space, there can be no doubt that we need appropriate regulations to be put in place and enforced to safeguard the interest of investors,” he said, when delivering the keynote address at the FinTech Conference 2018 organised by the Securities Commission, Malaysia’s financial regulator.
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The South Korean governmentplans to use blockchain technology for an electronic voting system.
The Ministry of Science and ICT and the National Election Commission (NEC) said they will jointly develop a blockchain-based online voting system by December.
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Galaxy Digital’s realized and unrealized losses totaled about $41 million in the third quarter of 2018, bringing losses for the first nine months of the year to $136 million.
The largest contributors to the net realized loss in Q3 were losses on sales of ETH ($22.1 million), BTC ($9.7 million) and XRP ($2.6 million), partially offset by $1.9 million of realized gains on ETC.
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Steemit, the company behind decentralized social networking platform that uses the Steem blockchain and cryptocurrency to reward publishers and curators, announced that it is undergoing a structural reorganization. As a result of the reorganization, Steemit will layoff 70% of the team.
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Singapore-based digital assets exchange Huobi has launched its crypto derivatives marketplace Huobi Derivative Market (Huobi DM).
Huobi DM provides users the opportunity to trade on both rising and falling cryptocurrency prices.
