The Block’s senior correspondent, Frank Chaparro, went on Yahoo Finance to discuss the ongoing crypto bear market and how volatility may be scaring off investors.

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Cryptocurrency payments processing company BitPay will add support for the Paxos Standard (PAX) stablecoin.

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Today, when “every second project is stablecoin,” this type of cryptocurrency already occupies a separate niche within the global crypto space, having its own statistics and tracking tools, including the Stablecoin Index, the Stable Report, the Stablecoin Stats, and the Stablecoin Wars, some of which may become the “Coinmarketcap for the Stablecoins.”

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On October 31st, Bitcoin, the first digital asset, turned ten years old. During this time, the cryptocurrency market has grown from zero to over $200 billion, and about 15,500 exchanges have appeared. These figures are regularly increasing, and interest is not fading, despite the ever-changing moods. One of the reasons for this is that cryptocurrencies remain an effective method of earning. Trading on digital assets exchanges attracts fiat traders and other users who are overwhelmed with the idea of ​​making quick profits.

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📨 #DeCenterDaily

💸 Buyers of the Grayscale Bitcoin Investment Trust paid a 100% premium for Bitcoin during its peak.
via Bloomberg

🔜 Telegram’s $1.7 billion Telegram Open Network (TON) project is 70% complete.
via The Block

💵 Cryptocurrency bank Silvergate Bank is preparing to raise $50 million in an initial public offering (IPO).
via ccn

🏦 BBVA and Banco Santander have joined the E.U. International Association for Trusted Blockchain Applications (IATBA).
via Cointelegraph

📑 Bitcoin mining cloud service provider Giga Watt has filed for bankruptcy.
via The Block

🤔
Thread: https://goo.gl/yt5PQE

According to Jacqueline Quintal from insurance broker firm Aon Risk Solutions, demand for crypto insurance services vastly exceeds the number of offerings on the market.

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Bitcoin’s (BTC) hash rate has dropped by 44% from all-time high. Source »

Despite the fairly loyal attitude of Japan’s financial regulators to the crypto industry, which has recently been self-regulated, local authorities are continuing to develop new measures to control services that work with digital currencies. During the ninth meeting of the cryptocurrency-dedicated research group of the Financial Services Agency of Japan (FSA), the financial authorities of the country discussed the conditions for creating a legislative framework for monitoring the operation of crypto wallets.

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In 2019, Zcash is preparing a network update called Blossom. To make the upgrade as convenient as possible and meet the developers’ plans, the founder of the cryptocurrency Zooko Wilcox published a document on GitHub, where each user can leave suggestions for improving the system. Nonetheless, hidden mining software—apparently created by “Russian hackers”—was discovered in the most secure and confidential Zcash network.

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📨 #DeCenterDaily

🗣 In an interview published by American Civil Liberties Union, Edward Snowden said that “one day Bitcoin will be gone.”
via The Block

💰 According to a recent research report by Outlier Ventures, venture capital investments in the blockchain space are up 316% from 2017.
via Outlier Ventures

🗓 The Mt.Gox trustee is seeking to extend the deadline for filing civil rehabilitation claims to December.
via CoinDesk

😨 Cryptocurrency trading platform BitMEX reports that at least 12 initial coin offering (ICO) projects that raised over $50 million have not launched yet.
via Cointelegraph

🇮🇳 Indian police have charged four individuals involved in a multi-level marketing (MLM) crypto scam.
via ccn

Cryptocurrency mining operations in China have reportedly started the selloff of mining machines by weight.

The miners are being sold “by kilo,” according to the F2Pool founder’s post on the Weibo microblogging platform.

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Sonny Singh, the Chief Commercial Officer (CCO) of global crypto payment processor BitPay, has predicted that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019 due to the financial giants’ entry into the space.

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Every week, The Block publishes expert cryptocurrency legal analysis by Stephen Palley and Nelson M. Rosario, who summarize three cryptocurrency-related cases. The summaries are provided for educational purposes only and should not be considered legal advice.

This week’s cases are:
• Gevorkyan v. Bitmain
• Copytrack Pte Ltd. v. Wall
• Cunningham v. Brown

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#CryptoCaselawMinute

The launch of the Minter main network is not far off, which means it is time for all BIP holders to think about whose node to delegate their coins to. Check out a guest post explaining why one should be attentive to statistics and other indicators of the validator in the testnet.

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Many have chosen to work in the crypto industry. Since the beginning of the fall, two Nobel Prize winners have been working at Cryptic Labs, the economist Christopher Pissarides and Harvard University professor Eric Maskin. Earlier, Oliver Hart, who is also the winner of a prestigious award, went to work for the Prysm Group. Not only beginning specialists are choosing a career in the field of financial technologies. Besides, more and more world renowned universities offer appropriate training programs. But are there any prospects on the labor market if cryptocurrencies are getting cheaper?

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📨 #DeCenterDaily

🇺🇸 Ohio is set to become the first U.S. state to accept Bitcoin for tax bills.
via The Wall Street Journal

🗓 Ethereum’s potential 2019 upgrade may replace Ethereum Virtual Machine (EVM) and introduce storage fees for smart contracts.
via CoinDesk

👩‍⚖️ Stephen D. Palley analyzed the reversal of the Order freezing Charlie Shrem’s assets.
via The Block

🇬🇧 The Financial Conduct Authority (FCA) conducted inquiries into 50 cryptocurrency firms allegedly operating without its permission.
via Cointelegraph

🍽 Suspected former BTC-e operator Alexander Vinnik plans to go on hunger strike.
via Bitcoin.com

Just because you are calling something Crypto does not mean you can ignore the rules we have had in place for years, but I do think we also need to be willing to open the doors a little bit wider for innovation.

An interview with the U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce on the regulation of the crypto market.

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Patrick Byrne, CEO of an online retail store Overstock, plans to sell Overstock’s retail business in early 2019 to concentrate on the blockchain technology.

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Shixing Mao, founder of F2Pool—the third-largest Bitcoin mining pool in the world—said that between 600,000 and 800,000 Bitcoin miners have shut down since the middle of November.

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In October, Yahoo Finance and Decrypt Media published a joint report stating that the U.S. Securities and Exchange Commission (SEC) had tightened the prosecution of ICOs, putting “hundreds” of projects at risk. At the same time, according to the document, dozens of companies “quietly agreed” to return investment funds and pay fines, instead of trying to come to an agreement with the regulatory requirements. Yahoo and Decrypt Media noted that there was still no regulatory clarity in the crypto space and the Commission “was not going to provide it.” On November 16, the SEC issued a statement on digital assets, one of the few such documents since the DAO report, but experts doubt that it will clarify the situation and make life easier for players in the crypto market. Our today article reviews the current sentiments of the SEC and the projects that the Commission has dealt with in November.

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