📨 #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.
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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.
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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?
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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.
“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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decenter.org
Jamie Dimon’s Anti-Romance with Bitcoin
As far as bad romances go, Jamie Dimon and Bitcoin make the worst of couples.
📨 #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
🇺🇸 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
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.
Read More »
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South China Morning Post
Watch out. North Korean hackers are coming for your bitcoin
As sanctions on its nuclear programme leave Pyongyang strapped for cash, North Korean cyber thieves are turning their attention to individual investors.
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.
Read More »
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Cointelegraph
FBI Arrests AriseBank CEO, Indicted for Fraud of Over $4 Million
Texas: the CEO of a “decentralized bank” crypto firm accused of defrauding investors out of over $4 million was arrested by the FBI.
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.
Read More »
Read More »
decenter.org
The Russian Internet Week and What Was Said of Cryptocurrencies
The Russian Internet Week touched on some interesting topics involving the crypto market.
What is the cause of the recent crisis in the mining market? What are the consequences for cryptocurrency miners themselves?
Find out Now! »
Find out Now! »
decenter.org
The Mining Crisis: PoW Networks Are Becoming Unprofitable
Private mining is becoming history and the reasons why.
📨 #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
🇺🇸 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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It didn’t pan out.
Read More »
TechCrunch
So crypto didn’t kill venture capital after all
Last year, $7 billion followed into ICOs. Combined with 2018, the cryptocurrency-based funding mechanism is estimated to account for $20 billion. ICOs threatened to disrupt venture capital more widely across the board, but the signs suggest that a relative…
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
Read Now »
• SEC v. Blockvest
• SEC v. REcoin Group Foundation
• Blockchain Mining Supply and Services LTD v. Super Crypto Mining, Inc. and DPW Holdings
Read Now »
The Block
Crypto Caselaw Minute, Week of 11.25.18: Security blank-ed? Just because it isn’t a security doesn’t mean it isn’t fraud
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…
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.
Learn More Now! »
Learn More Now! »
decenter.org
Blockchain Will Decide the Fate of Russian Oil and Gas in the World
Blockchain and the oil and gas industry are intertwining at a breakneck pace.
📨 #DeCenterDaily
🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) has updated requirements for reporting real estate purchase to include cryptocurrencies.
via FinCEN
🏦 State Street, the world’s second-largest custodian bank, is seeing “a high level of interest” in digital assets.
via CoinDesk
🇬🇧 According to recent research, 74% of the U.K.-based blockchain firms consider regulatory issues one of their key concerns.
via ccn
🔋 Renewable energy accounts for 77.6% of the total Bitcoin’s energy usage, a recent report by CoinShares says.
via The Block
🇪🇪 The Estonian Ministry of Finance is eyeing to tighten regulation of the crypto industry in the country.
via Cointelegraph
🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) has updated requirements for reporting real estate purchase to include cryptocurrencies.
via FinCEN
🏦 State Street, the world’s second-largest custodian bank, is seeing “a high level of interest” in digital assets.
via CoinDesk
🇬🇧 According to recent research, 74% of the U.K.-based blockchain firms consider regulatory issues one of their key concerns.
via ccn
🔋 Renewable energy accounts for 77.6% of the total Bitcoin’s energy usage, a recent report by CoinShares says.
via The Block
🇪🇪 The Estonian Ministry of Finance is eyeing to tighten regulation of the crypto industry in the country.
via Cointelegraph
Last Monday, representatives of VanEck, SolidX, and the Cboe BZX Exchange met with the U.S. Securities and Exchange Commission (SEC) staff to once again pitch a Bitcoin exchange-traded fund (ETF).
Learn More »
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The Block
The SEC again met with the VanEck SolidX Bitcoin Trust team to discuss a bitcoin ETF
On November 28, representatives from three of the SEC’s divisions met with representatives from SolidX, VanEck, Cboe and Patomak to discuss a proposed rule change to list and trade the first bitcoin ETF (VanEck SolidX Bitcoin Trust). A previous meeting happened…
The Beijing Financial Work Bureau deems security token offerings (STOs) illegal, according to Huo Xuewen, director of the organization.
The authority’s head also advised “to only engage in such offerings when the government has legalized them.”
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The authority’s head also advised “to only engage in such offerings when the government has legalized them.”
Learn More »
CoinDesk
Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog
The head of Beijing’s Municipal Bureau of Finance has warned that security token offerings (STOs) are "illegal" in the city.