Cryptocurrency and Blockchain – Industry News – (11.15.19 – 11.22.19)

[edmundSYM]

Total Market Cap, as of 11.22.19 at 12:00pm (PST):  U.S. $197,982,389,192 (- 15.03%)

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STORY OF THE WEEK
• The Shanghai offices of Binance has been rumored to have been raided by Chinese authorities.
• This has since been clarified as false information by a Binance spokesperson as they do not have fixed offices in Shanghai or China.

CRYPTOCURRENCY TRADING SERVICES
• Shapeshift introduces zero-fee trading and a native token dubbed “FOX” to be utilized on the platform. In order to be eligible for zero-fee trading, traders on the platform will have to hold ERC-20 based FOX tokens.
• Binance has acquired India based cryptocurrency exchange WazirX.

REGULATION
• The German regulator Federal Financial Supervisory Authority (BaFin) issues a warning against Bulgarian cryptocurrency broker 5 capital for offering Contracts for Difference (CFD’s) without a licence. The platform is since banned from operations within Germany.
• Grant Thornton, the interim receiver assigned to oversee Einstein Exchange’s finances and take control of remaining assets owned by the firm announced in a report that the organization has CA $45,000 left of the CA $16 million claimed by users of the exchange.
• The U.S. Financial Crimes Enforcement Network (FinCEN) claims stablecoins will fall under the regulatory oversight of the agency.
• The Monetary Authority of Singapore (MAS) has proposed the listing and trading of cryptocurrency derivatives on exchanges approved by the authority.
• The National Assembly's Amendment Subcommittee on Parliamentary Affairs passed a legal amendment to force virtual asset exchanges to register with the Financial Services Commission (FSC).  Those failing to do so would face up to five years in prison or a fine of up to 50 million won ($42,460).
• The Shanghai headquarters of the People’s Bank of China (PBoC) has announced it will crack down on cryptocurrency exchanges across the city.
• The Finance Bureau of Shenzhen has identified 39 unnamed cryptocurrency exchanges for inspection.

SECURITY
• Galaxy Digital’s two new bitcoin funds will be held under the custody of BAKKT and Fidelity Digital Assets.
• According to a Reddit post published by the privacy coin’s core development team, the command-line interface (CLI) tools available at getmonero.org was found to have drained wallets after running the binary for a single transaction.
• GateHub have been found to have leaked password data and personal information involving 1.4M users of the cryptocurrency wallet. The stolen information includes registered email addresses, passwords, two-factor authentication keys, mnemonic phrases, and wallet hashes.

INSTITUTIONALIZATION
• Fidelity Digital Assets has been granted a “limited-purpose trust company charter” by the New York State Department of Financial Services (NYDFS). The charter will allow the company to offer cryptocurrency trading and custody services within the jurisdiction of New York.
• Franklin Templeton partners with wallet service provider Curv to offer a custody solution for shares of a fund which will be tracked on the Stellar Blockchain.

TECHNOLOGY
• Ethereum based stablecoin issuer MakerDAO, announces the launch of Multi-Collateral Dai (MCD) on its system after a vote on the asset was passed through. The new asset will enable users to create Dai tokens, previously collateralized by only Ethereum to now open to REP, BAT, 0x, DGD, OMG and GNT tokens.

TWITTER
• @IOHK_Charles – Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.

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[SquallLeonhart]

Interestingly there are so many news that is going around the world right now regarding crypto however so few people hear about it, sure some of them becomes a big news here but most of them do not even become news at this moment.

They must be shared in some news websites but that's about it, it wasn't really a big discussion like social media things become, I am aware that it is not really that important to actually have all of this made to a big thing, we do not need that, specially with crypto we should not let media to control the narrative which is w good thing but I still believe that world should be aware of what's going on, factual news and commentative news are different and some of the factual news should be made aware.

In any case none of these probably affected the price, so it is not that important to begin with.

[Lordhermes]

Actually, this is an old thread created since November last year, well, is nice things that talks about the future, or something that it comes true at reality.

Interestingly there are so many news that is going around the world right now regarding crypto however so few people hear about it, sure some of them becomes a big news here but most of them do not even become news at this moment.

The decentralized and centralized systems on bitcoin is continually spreading in different locations around the globes which had shows the beneficial effect through the usage encrypted transactions without a peer to peer interference.

This in turns had changes the mind of national governance, the citizen leaders in particular (SEC sectors) to have implemented bitcoin usage and legality, something similar happened in Nigeria country this week as their government looks into cryptocurrency usage. Breaking NEWS: Bitcoin now legal (a security) in Nigeria, continuous development like this brings a lot of volumes and adoption, and spike in price of bitcoin as well.

[hugeblack]

• The Shanghai offices of Binance has been rumored to have been raided by Chinese authorities.
• This has since been clarified as false information by a Binance spokesperson as they do not have fixed offices in Shanghai or China.

When will that platform be declared its headquarters? Until now, they continue to lie about their location or any information that could be legally used against them.

• Shapeshift introduces zero-fee trading and a native token dubbed “FOX” to be utilized on the platform. In order to be eligible for zero-fee trading, traders on the platform will have to hold ERC-20 based FOX tokens.

The term "zero-fee trading" is always misleading because you will be hurt to pay some hidden fees or send some data to them, the management of the platforms is an expensive business so it is impossible to remain free, hidden fees or exchange rates are required that are less than the real prices.

• Binance has acquired India based cryptocurrency exchange WazirX.

Now they want to enter the Indian market without having a headquarters or a clear organizational idea.

[mnporter2001]

• Binance has acquired India based cryptocurrency exchange WazirX.

Now they want to enter the Indian market without having a headquarters or a clear organizational idea.

  Although India has been legalizing Crypto, it does not mean that it easily allows foreign companies to enter and make headquarters in their home country. they only allow trading and legalize crypto, which only gives the citizens of India more opportunities for international growth. The fact that Binance has a headquarters in India is quite difficult because China is also a pandemic country to the world, so they receive little sympathy from the Indian government. Please understand them and I still believe that Binance is the most legit exchange in the crypto market.

[retalids]

hello all) just need your advice: I saw news that cex.io provide 0% fee Visa card deposits for its users until september... it that true?

[Drahzar]

hello all) just need your advice: I saw news that cex.io provide 0% fee Visa card deposits for its users until september... it that true?

seems yes, I read this in their official channel

[btc_angela]

TWITTER
• @IOHK_Charles – Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.

Yes, interesting to see these kind of old thread and their predictions. This is pre halving and pre pandemic, and they are calling about bitcoin getting into the 5 digit range. And it eventually happen in 2020 even though we see the price have a massive decline due to corona virus outbreak, the only prediction that is worth to see is $100k, which coincidentally was the s2f model is also predicting in the next coming years. So let's see how it goes.

[Jating]

TWITTER
• @IOHK_Charles – Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.

Yes, interesting to see these kind of old thread and their predictions. This is pre halving and pre pandemic, and they are calling about bitcoin getting into the 5 digit range. And it eventually happen in 2020 even though we see the price have a massive decline due to corona virus outbreak, the only prediction that is worth to see is $100k, which coincidentally was the s2f model is also predicting in the next coming years. So let's see how it goes.

Well we can go back to a lot of threads in the past, even at 2010 people really don't know how big bitcoin will be in future. Even the 2017 predictions are off, if my memory serves me right, I saw one prediction saying that at the end of 2017, bitcoin will be price at $5k, but look at how everything ends, we also touch $20k back then.

So I wouldn't be surprised to see 6 digits in the future. S2F model is just one of the many predictions pointing to a direction that $100K is possible and a trillion dollar market cap.

[pooya87]

~

there is a lot of shadiness about Binance and they are only getting shadier the more that goes on. unfortunately at the same time they are also getting bigger as an altcoin exchange too which is bad because i've got a feeling that they are the more popular version of Btc-e that FBI is going to eventually shut down and arrest all its owners.

[Wenbing]

TWITTER
• @IOHK_Charles –  We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.

Why is btc going down and what forces will cause to rise to 100k?