Here is what is happening in the cryptocurrency this weekend.
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In the News
CoinNess, Asia’s largest crypto information provider, has launched the CNNS Partner Program, its global growth partner program. The company says that it will invest $5 million to build an international crypto investors’ community, with all the money going to reward CNNS partners, community members, and early app users. CNNS, which is the abbreviation of CoinNess, will also be the name of the platform token.
On Dec. 27, the Korea Blockchain Enterprise Promotion Association (KBEPA) and Universal Group will be holding a ceremony at the Kim Dae Jung Convention Center in Gwangju, South Korea, to announce their plans. At the ceremony, Lee Yong-Sub, the mayor of Gwangju City, will announce Gwangju as a specialized crypto-valley district in order to stimulate the local job market. The event will be attended by more than 300 international and Korean journalists.
Data presented by crypto ATM locator Coin ATM Radar in its latest report suggests that the number of new crypto ATMs continues to grow globally. According to the report, November saw installation of 209 tellers around the world by different manufacturers. Bitcoin of America had the most installations with 16 new locations, followed by CoinFlip Bitcoin ATMs with 10 new machines. Meanwhile, Russian based manufacturer Criptomat installed its first machine in Ukraine. Read the full report here.
Overstock.com (NASDAQ:OSTK) subsidiary Medici Land Governance, which focuses on land administration, has inked a memorandum of understanding with Teton County, Wyoming to develop a blockchain-based land records and information platform in 2019. Medici Land Governance and Teton County plan to work together to develop and implement the software needed for the county to transfer and display information from its current land and property titling system to the new blockchain-based system.
Bloomberg News is reporting that social media giant Facebook (NASDAQ:FB) is considering developing its own cryptocurrency for money transfers. Anonymous sources familiar with the development told Bloomberg that Facebook will first target the Indian market, allowing users to transfer money using stablecoin on its WhatsApp messaging app.
Cryptocurrency Prices Today (As of 6:30 AM EST Sunday)
Bitcoin (BTC) is up 3.19% over the past 24 hours, trading at $4,072.
Ethereum (ETH) is trading at $132 in the morning, up 17% over a 24-hour period.
Bitcoin Cash (BCH) is trading at $195, up 0.5% over the past 24 hours.
Ripple (XRP) is trading at $0.377978, up 5.37% over a 24-hour period.
Litecoin (LTC) is trading at $ 33.45, up 6.78% over a 24-hour period.
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