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Monday, December 10, 2018
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Social media giant Facebook has 5 new job openings for its Blockchain division; the company has not disclose the nature of its blockchain project that it launched back in May of this year; Facebook has appointed one of its senior engineers, Evan Cheng, as its first “director of engineering, blockchain” earlier this year - Link
Square Inc's Cash App overtakes Coinbase in Apple Store downloads; the mobile application also overtook YouTube becoming the most downloaded free mobile app on the Apple Store; Cash App's strong payment infrastructure from its sister company enables much more seamless purchases of Bitcoin; Square  Inc.'s CEO is Jack Dorsey, Founder and CEO of Twitter - Link
Cryptocurrency exchange ErisX has hired markets and exchanges veteran Matt Trudeau as chief strategy officer; the company was backed by Bitmain and Consensys in a $27M Series B funding round and an undisclosed strategic investment from TD Ameritrade  - Link


South Korean bank Shinhan Bank, has launched a project to implement blockchain in financial record-keeping; the main purpose of the implementation is to decrease human error; the bank also implemented interest rate swap transactions using the technology on Nov. 30 - Link
U.K.-based fintech startup, WireX, has started support of IBAN for all its European cryptocurrency accounts; the company launched IBAN support for accounts opened in Spain and France back in September; the company also raised the funding limits for account holders in the EEA to £15K, €16K and $20K - Link
1.3M Bitmain S9 miners have shut off since November: Bitmex report; according to the report Bitcoin mining industry revenue decreased from approximately $13M daily in November to around $6M daily in December; profit margins was around 50% and have now fallen to around 30% - Link
YouTube dominates social media traffic to cryptocurrency exchanges: report; the report came from digital consulting firm BDCenter; following YouTube are other large social networks including Facebook and Twitter - Link
Bitmain shutdowns its Israel-based development center, Bitmaintech Israel; the center was set up two years ago and will close this week laying off its 23-people staff; a statement from Bitmain said that the company has to refocus its business in accordance with the current market; earlier this year, the mining behemoth was building a $500M mining farm in Texas due to open in 2019 - Link
Researchers discovered more than 415k routers worldwide infected with cryptocurrency mining malware; the malware, which targets MikroTik routers especially, uses stolen computer power to conduct secret mining operations; the attack is ongoing - Link
Conflux has raised $35M from Sequoia China to develop a scalable blockchain; the company claims to overcome a key limitation of existing blockchain technology, specifically with Bitcoin; the main problem with Bitcoin scaling is propagating faster transactions without compromising on decentralization, mainly for fear of miner centralization - Link
South Korean cryptocurrency exchange Bithumb has beta launched a public voting system, PickThumb, to screen new coins to be listed on its exchange; there are 5 projects currently on the platform with a total of 41,778 voters and a total of 94,983 votes; the five projects are Rom, Amo Blockchain, Ttcprotocol, Olivecoinole, and Contentos - Link
Image result for books icon What you might want to read 
Sooner or later people will have to use crypto exchanges; as the market is maturing and the number of tokens is growing, more and more of them are spreading among crypto lovers, and the question arises: How can the average user switch between tokens with ease? Crypto exchanges are likely to be the answer - hackernoon
The Hope and Betrayal of Blockchain; the benefits of a decentralized system are clear: Users are able to build trust without involving a third party. Group cooperation is enhanced. Fraudulent transactions are minimized. In addition, users can build their personal reputation across multiple platforms, and they can not only control their vast transaction data but also build and manage their own digital identity - The New York Times
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