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.

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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.

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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.

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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.

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📨 #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

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.

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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.

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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.

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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?

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“Bitcoin’s Back to Where Jamie Dimon Cried ‘Fraud,’” the media said. On November 25, the first cryptocurrency dropped below $4,000 to $3,853, whereas in September 2017, when Dimon, chairman and CEO of JPMorgan Chase, called Bitcoin “fraud” and said that it was “worse than tulip bulbs” (referring to tulip fever in the Netherlands at the beginning of the 17th century), the price of Bitcoin was $4,077. While some gloat, believing that the famous Bitcoin haters have already won, DeCenter recalls one of the most exciting anti-romances with Bitcoin.

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📨 #DeCenterDaily

🇺🇸 The Treasury Department’s Office of Foreign Assets Control (OFAC) took action against two Iran-based individuals, who helped exchange Bitcoin ransom payments into Iranian rial. The authority also identified two wallets associated with these individuals.
via CoinDesk

👨🏻‍💻 Singapore-based cryptocurrency exchange Huobi has launched a crypto derivatives marketplace.
via Cointelegraph

☁️ Amazon Web Services (AWS) has announced the launch of two new blockchain services: Quantum Ledger Database and Amazon Managed Blockchain.
via TechCrunch

🗞 Decrypt Media published an infographic of the fake Ripple hype generated amid the cryptocurrency market slump.
via Decrypt Media

🇰🇷 South Korea’s National Election Commission and the Ministry of Science and ICT will soon start trialing the blockchain-powered voting system.
via ccn

Link to article: https://goo.gl/kuqpaJ

In an attempt to find new sources of income due to international sanctions imposed on the country, North Korean hackers are now aiming at stealing funds of individual cryptocurrency users.

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The Federal Bureau of Investigation (FBI) has arrested Jared Rice, chief executive officer of cryptocurrency firm AriseBank, on charges of defrauding hundreds of investors to the tune of 4 million U.S. dollars.

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From November 21 to 23, the prominent Russian Internet Week conference was held at the VDNKh (a Soviet-era exhibition center), during which the most significant issues related to the development of the Internet and its resources were discussed. Special attention was paid to blockchain and cryptocurrencies, and the Crypto Event RIW conference was organized as part of Internet Week. Crypto industry experts talked about their technologies and, of course, the pains experienced by digital coin holders.

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What is the cause of the recent crisis in the mining market? What are the consequences for cryptocurrency miners themselves?

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📨 #DeCenterDaily

🇺🇸 The U.S. Securities and Exchange Commission (SEC) has settled charges against boxer Floyd Mayweather and music producer DJ Khaled, who failed to disclose payments they received for promoting investments in initial coin offerings. Mayweather ($614,775) and Khaled ($152,725) agreed to pay a combination of disgorgement, penalties, and interest.
via SEC

🏦 Fidelity Digital Assets is looking to expand trading services for cryptocurrencies beyond Bitcoin and Ether, extending the number of supported digital assets to five to seven.
via CoinDesk

👨🏻‍💻 According to Internet security firm Kaspersky, the popularity of malware attacks that hack computers to mine cryptocurrency remains on the rise.
via Kaspersky Security Lab

🗣 Paul Donovan, Global Chief Economist of Swiss financial services firm UBS Wealth Management, said that cryptos will never be currencies.
via Cointelegraph

🇷🇺 The Minister of Economic Development of Russia referred to Bitcoin as a “soap bubble” that has led to investors’ losses.
via ccn

@mdudas: “The fines paid by just these 10 banks over 10 years from 2008-2017 are larger in aggregate than the entire current market cap of all public cryptocurrencies.”

Back in 2017 when the initial coin offering (ICO) space had been experiencing astronomic increase both in terms of the number of projects and the amount of capital attracted, a common narrative was that a novel fund-raising mechanism might eventually replace the traditional venture capital (VC) model.

It didn’t pan out.

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In this week’s #CryptoCaselawMinute delivered by The Block:

• SEC v. Blockvest
• SEC v. REcoin Group Foundation
• Blockchain Mining Supply and Services LTD v. Super Crypto Mining, Inc. and DPW Holdings

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Russia is actively developing the “Turkish Stream” and “Nord Stream 2” pipeline projects for the supply of natural gas to Europe. For now, Moscow is more focused on protecting these pipes from U.S. sanctions, as well as winning legal disputes with E.U. representatives. The primary challenge that arises in the global energy sector, however, is the timely implementation of distributed ledger technology, which will save on expenses and reduce the cost of production and the price of raw materials.

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