📨 #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
🗣 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.
Read More »
The miners are being sold “by kilo,” according to the F2Pool founder’s post on the Weibo microblogging platform.
Read More »
Cointelegraph
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash.
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.
Watch Now »
Watch Now »
Bloomberg
Bitcoin Could Hit $15,000-$20,000 Next Year, Bitpay's Singh Says
Sonny Singh, Bitpay Inc.'s chief commercial officer, discusses the selloff in crypto assets with Bloomberg's Emily Chang on "Bloomberg Technology."
(Source: Bloomberg)
(Source: Bloomberg)
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
Continue to Article »
#CryptoCaselawMinute
This week’s cases are:
• Gevorkyan v. Bitmain
• Copytrack Pte Ltd. v. Wall
• Cunningham v. Brown
Continue to Article »
#CryptoCaselawMinute
The Block
Crypto Caselaw Minute, Week of 11.18.18: Conundrums come from Bitmain configurations, mislaid ether
The Block is delighted to bring you expert cryptocurrency legal analysis courtesy of Stephen Palley (@stephendpalley) and Nelson M. Rosario (@NelsonMRosario). They summarize three cryptocurrency-related cases on a weekly basis and have given The Block permission…
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.
Learn More Now! »
Learn More Now! »
decenter.org
Through the Eyes of a Validator: Why Is a Testnet Not an Indicator for Choosing a Validator?
How to correctly choose a validator in the Minter network. The tips.
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?
Learn More! »
Learn More! »
decenter.org
Is It Worth Working in the Crypto Industry?
The crypto industry is a promising land of opportunities for new specialists.
📨 #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
🇺🇸 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.
Learn More »
An interview with the U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce on the regulation of the crypto market.
Learn More »
What Bitcoin Did
The SEC's Hester Peirce on Regulating Cryptocurrencies — What Bitcoin Did
In this episode, I talk with SEC Commissioner, Hester Peirce. We discuss the role of the SEC, how they make decisions and why Hester dissented when the Commission disapproved the proposed rule change by the Winklevoss Bitcoin Trust/BZX exchange.
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.
Read More »
Read More »
WSJ
Overstock’s Founder Bets on Blockchain, Not Bedsheets
Overstock.com’s CEO doesn’t care that his blockchain-based trading system is burning through money. He remains a true believer in the technology—and its potential for multibillion-dollar returns.
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.
Read More »
Read More »
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.
Learn More »
Learn More »
decenter.org
“Sweet” November for SEC
November has turned out to be an eventful month for the SEC.
📨 #DeCenterDaily
🔓 BitPay’s Copay wallet application was affected by a vulnerability on the popular Javanoscript library event-stream.
via ccn
💸 A blockchain marketplace for journalism called Civil has been failing to compensate its reporters for their work so far.
via CoinDesk
💵 Ripple and Coinbase have invested USD 12.75 million in the project aimed at disrupting the U.S. securities industry.
via TechCrunch
👩⚖️ Bitmain is facing a $5 million class-action lawsuit for allegedly using its customers’ devices to mine cryptocurrency for its own benefit.
via Cointelegraph
🇨🇭 The Amun Crypto Basket ETP already has the highest volume of any exchange-traded product trading on the venue.
via The Block
🔓 BitPay’s Copay wallet application was affected by a vulnerability on the popular Javanoscript library event-stream.
via ccn
💸 A blockchain marketplace for journalism called Civil has been failing to compensate its reporters for their work so far.
via CoinDesk
💵 Ripple and Coinbase have invested USD 12.75 million in the project aimed at disrupting the U.S. securities industry.
via TechCrunch
👩⚖️ Bitmain is facing a $5 million class-action lawsuit for allegedly using its customers’ devices to mine cryptocurrency for its own benefit.
via Cointelegraph
🇨🇭 The Amun Crypto Basket ETP already has the highest volume of any exchange-traded product trading on the venue.
via The Block
According to sources familiar with the matter, Nasdaq Inc. is moving ahead with a plan to list Bitcoin (BTC) futures in the first quarter of 2019 despite the cryptocurrency market slump.
Read More »
Read More »
Bloomberg.com
Nasdaq Plans to Pursue Bitcoin Futures Despite Plunging Prices, Sources Say
The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019.
As we reported yesterday, Ohio will become the first U.S. state to allow its residents to pay taxes with Bitcoin (BTC).
The Block published an interview with Josh Mandel, the State Treasurer of Ohio behind this push.
Read Now »
The Block published an interview with Josh Mandel, the State Treasurer of Ohio behind this push.
Read Now »
The Block
Ohio’s treasurer talks up bitcoin tax payments, transparent government, and his own future as a crypto owner
There was an atmosphere of excitement after The Wall Street Journal disclosed on Sunday that Ohio will become the first U.S. state to accept bitcoin for taxes. The mastermind behind this push is Josh Mandel, the forty-one-year-old State Treasurer of Ohio.…
Tether has launched a redesigned platform and reopened account verification and direct redemption of fiat funds. The company has also introduced new minimal issuance and redemption requirements for its customers.
Read More »
Read More »
The Block
Tether reopens account verification and direct fiat redemption
Tether, the company issuing USDT stablecoin, announced that the platform now allows for verification of new customers and direct redemption of USDT to fiat. This announcement comes after the company confirmed The Block’s earlier reports that it had established…
Throughout all of 2018, there was no week more unprofitable for the crypto market than the previous one. On Sunday, November 25, Bitcoin updated its 12-month low, dropping to $3,838 and losing more than 26% over the week. Other coins followed Bitcoin as Ether went down to $115, losing its place in the market. The second-largest coin by capitalization was Ripple, which was trading at $0.37. And the total capitalization of the crypto market over the week decreased by $57 billion. Under the current situation, many market players panicked, while others found opportunities to make money. DeCenter found out what traders and large investors are doing during the current drop and what leading analysts forecast.
Learn More »
Learn More »
decenter.org
Fear, Hatred, and Opportunity: How Crypto Traders Are Surviving the Current Drop
The market may be collapsing, but opportunity hides behind the panic.
📨 #DeCenterDaily
🇺🇸 Jay Clayton, head of the U.S. Securities and Exchange Commission (SEC), said that the approval of cryptocurrency exchange-traded funds (ETFs) depends on exchanges’ ability to eliminate manipulation.
via CoinDesk
🏦 According to a person familiar with the matter, Fidelity’s cryptocurrency VC fund is back on track with a new fund manager.
via The Block
🇨🇦 Yesterday, the Toronto Stock Exchange halted trading in Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings Ltd. ($GLXY), for a few hours.
via CNW
👁 Cryptocurrency exchange Bitstamp will be utilizing a new market surveillance tool to combat price manipulation.
via Bitcoin.com
💵 Binance is adding six trading pairs for the dollar-backed stablecoin Paxos Standard Token (PAX).
via Binance
🇺🇸 Jay Clayton, head of the U.S. Securities and Exchange Commission (SEC), said that the approval of cryptocurrency exchange-traded funds (ETFs) depends on exchanges’ ability to eliminate manipulation.
via CoinDesk
🏦 According to a person familiar with the matter, Fidelity’s cryptocurrency VC fund is back on track with a new fund manager.
via The Block
🇨🇦 Yesterday, the Toronto Stock Exchange halted trading in Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings Ltd. ($GLXY), for a few hours.
via CNW
👁 Cryptocurrency exchange Bitstamp will be utilizing a new market surveillance tool to combat price manipulation.
via Bitcoin.com
💵 Binance is adding six trading pairs for the dollar-backed stablecoin Paxos Standard Token (PAX).
via Binance
The U.A.E.-based Al Hilal Bank has become the world’s first Islamic bank to leverage the blockchain technology for the resale and settlement of an Islamic sukuk.
Sukuks generate returns to investors without violating Islamic law prohibiting interest.
Learn More »
Sukuks generate returns to investors without violating Islamic law prohibiting interest.
Learn More »
Cointelegraph
Abu Dhabi Bank Reports ‘First’ Blockchain-based Transaction of ‘Sharia-Compliant Bonds’
Al Hilal Bank has completed “the world’s first sukuk transaction” using blockchain technology.
According to Mike Novogratz’s cryptocurrency merchant bank Galaxy Digital Holdings LP’s filings this week, the company has lost USD 136 million in the first nine months of the year.
Read More »
Read More »
Bloomberg.com
Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months
The bad year for traders at Mike Novogratz’s cryptocurrency merchant bank got even worse in the third quarter -- and that was before the market fell out of bed this month.
Coinbase has debuted OTC (over-the-counter) trading, targeting institutional investors.
“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine Sandler, company’s head of sales.
Read More »
“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine Sandler, company’s head of sales.
Read More »
CoinDesk
Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month
U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk this month, Cheddar reports.
The value of Bitcoin and other cryptocurrencies that have been experiencing a rapid collapse in rates recently is displayed using various factors, the most popular of which is market capitalization. Some analysts believe that it is wrong to evaluate a crypto asset by its price, which is based on the current level it’s trading at on the exchanges. Why is the market capitalization of digital assets not a reliable metric?
Learn More »
Learn More »
decenter.org
Three Reasons Why It Is Not Worth Evaluating the Cryptocurrency Market by Market Capitalization
Why market capitalization is an unreliable means of evaluating the crypto market.