Facing fierce competition from one of its main rivals—Binance—Coinbase, the largest cryptocurrency exchange in the U.S., is aiming to shift its institutional efforts toward cryptocurrency-dedicated funds and firms instead of Wall Street giants; the move goes against the strategy that the company followed last year.

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One of the main complaints against investors in cryptocurrencies, as well as against crypto exchanges from the regulators, is that the KYC (Know-Your-Customer) procedure is often violated. That is, it is often unclear to the authorities who is hiding behind a Bitcoin address or a digital wallet. And if in the case of the oldest cryptocurrency, at least according to the U.S. regulators, it is still possible to figure out who is sending the funds, then there are serious concerns about the blockchains of other cryptocurrencies—namely that it will not be possible to verify the transaction participants. But just how rational is requiring the cryptocurrency community to comply with KYC?

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Link to tweet: https://goo.gl/TSZbJf
See also: https://goo.gl/awUJQf

📨 #DeCenterDaily

🇺🇸 The U.S. Securities and Exchange Commission’s inspection unit has named cryptocurrency one of its top examination priorities for 2019.
via The Block

✍🏻 Cryptocurrency index fund provider Bitwise has applied to list a physically-held Bitcoin exchange-traded fund (ETF) on NYSE Arca.
via CoinDesk

🇷🇺 The Russian Parliament will focus on bills related to the digital economy in the next session, according to the chairman of the lower chamber.
via Cointelegraph

🇨🇳 China’s Internet censorship agency is set to start regulating blockchain businesses as soon as next month.
via CoinDesk

🇰🇷 Only seven of the South Korean cryptocurrency exchanges have passed the government-initiated security inspection.
via Bitcoin.com

According to the estimates of researchers from Universidad Carlos III de Madrid and King’s College London, at least 4.32 percent of the Monero (XMR) cryptocurrency in circulation has been mined as a result of malicious interference.

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The new #CryptoCaselawMinute’s contents cover the following cases:
• Roberts v. Obelisk
• Kaplan v. CompCoin
• Fabian v. Nano

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“I will transfer it to your account”—this phrase is heard more and more often and can compete with the question about the availability of a store’s bonus card that a buyer gets asked when making certain purchases. Applications for smartphones have enabled many people to make money transfers in a few clicks without being physically present in a bank. Modern financial enterprises organize development teams to create mobile banking solutions and wallets accessible to all users. DeCenter compared two online funds transfer applications: Blockchain.info and BIP Wallet. We want to clarify that it is the functionality of the programs that is under review, their simplicity, accessibility, and speed of work regardless of monetary units.

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Experts believe that 2019 may continue one of the trends of the previous year and become another year of the stablecoins. The site collecting statistics on stablecoins, the Stable Report, has 89 similar projects, while the list of coins backed by gold is incomplete and includes only the most popular projects, while their number is constantly growing. Blockchain company’s researchers point out that stablecoins open up “multi-trillion-dollar opportunities” and “have the potential to grow into one of the largest, if not the largest kind of digital assets.”

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📨 #DeCenterDaily

💵 Blockchain developers have seen growth in annual salaries over the past half year.
via Computer World

🗣 Recently announced BitTorrent Token (BTT) is “basically a marketing machine layered on a very thin veneer of technology,” according to the company’s former executive.
via BreakerMag

💻 Organizers behind a recent 51-percent attack on Ethereum Classic (ETC) blockchain have returned $100,000 to one of the affected exchanges.
via Cointelegraph

📃 Wyoming state’s local authorities have approved a financial technology sandbox bill.
via CoinDesk

🇷🇺 Russian officials have refused to use Venezuela’s national cryptocurrency, the Petro, in bilateral trade with the country.
via Bitcoin.com

Coincheck, a Japanese cryptocurrency exchange that ran into scrutiny after suffering a major breach last year and was consequently obliged to improve its security measures, has recently obtained a license from the Financial Services Agency (FSA), the country’s primary financial watchdog.

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A U.S. cryptocurrency exchange Bittrex has announced the launch of an over-the-counter (OTC) trading desk. The service provides customers with an opportunity to trade in around 200 crypto assets that are already available on the main platform.

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A derivatives trading platform LedgerX has launched an index designed to track the first cryptocurrency’s volatility. According to the company’s president and chief risk officer, the indicator could also be referred to as “a Bitcoin fear index.”

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Although just two weeks have passed since the beginning of the year, many events have already taken place in the crypto market that have a direct impact on the entire industry. From the launch of new trading platforms and tokens to attacks on the network of one of the largest cryptocurrencies by market capitalization. DeCenter collected the most important events of 2019 so far that you could have missed.

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The leading top 50 cryptocurrency assets have been showing strong growth in recent weeks, which could be the beginning for a repetition of the powerful upward rally that many traders remember in the fall and winter of 2017. For the “to the moon” to take off, about which investors already spoke so much in the past year, demand from “big capital” is necessary. We’ve reviewed the main news of this year and how they can affect the future rates of digital assets.

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📨 #DeCenterDaily

⌚️ Everything you need to know about Constantinople, an upcoming system-wide upgrade to the Ethereum network.
via The Block

🏦 HSBC, one of the world’s largest banks, has settled over $250 billion in trades using distributed ledger technology.
via CoinDesk

🤝 Bakkt, a cryptocurrency platform run by Intercontinental Exchange, announced the completion of its first acquisition.
via Cointelegraph

🖥 Hackers behind Ryuk malware received approximately $3.7 million in ransom in less than six months.
via CrowdStrike

🇩🇰 Denmark’s tax agency will soon start collecting trader information from local cryptocurrency exchanges.
via Bloomberg

Cryptopia, a cryptocurrency exchange based out of New Zealand, released a statement today saying that it “suffered a security breach which resulted in significant losses.” The platform’s website is currently out of service, with no information regarding the amount of losses, names of digital assets affected, or further steps that will be taken to refund users.

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A cryptocurrency exchange BitMEX is shutting down trading accounts in the U.S. and Canadian province of Quebec due to regulatory restrictions.

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CoinDesk published an article on how the longest partial government shutdown in U.S. history is affecting the cryptocurrency market. In particular, the piece says that “the closure of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) has put key developments—namely, the approval and launch of products and services involving cryptocurrencies—on hold.”

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When critics of cryptocurrencies talk about digital assets, they first bring up a skeptic argument about the impossibility of using Bitcoin and other coins in everyday life. “Cryptocurrency cannot be used to paid in a regular grocery store; non-existent money cannot be spent using a card”—this reflects the reality of the implementation of crypto payments in financial activities. The introduction of digital money in Apple Pay, Samsung Pay, or Android Pay, however, can change the attitude.

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Much time has passed since cryptocurrencies ceased to be a toy for geeks and received the status of a serious tool that multiplies the capabilities of any platform by hundreds of times. The last two years in the blockchain world have become decisive, and over this small period, the population of Earth has grown acquainted with the technology real fast. On the one hand, now they know about cryptocurrencies and crypto technology in every corner of the world, and this is good. On the other hand, an impressive part of the population still does not understand how cryptocurrencies can improve their lives because they hear the “Bitcoin is a financial bubble” mantra on TV all the time. It is time to fix it.

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📨 #DeCenterDaily

🗓 Ethereum’s core developers have delayed the Constantinople upgrade due to discovered critical security vulnerability.
via CoinDesk

💶 Cryptocurrency exchange Binance has launched a new fiat-to-cryptocurrency trading platform supporting the euro (EUR) and British pound (GBP).
via Cointelegraph

🇧🇬 Bulgaria’s authorities have started to investigate exchange platforms to demand taxes from cryptocurrency investors.
via ccn

👥 Proper regulation may help Bitcoin supersede gold, the Winklevoss brothers believe.
via Fortune

👨🏻‍💻 A new malware disguised as a movie was detected on The Pirate Bay, one of the largest torrent sites. It swaps wallet addresses to steal Bitcoin and Ether.
via BleepingComputer