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Coming every Sunday, Hodler's Digest will help you keep track of every single important news that happened this week. The best (and worst) quotes, the salient points of adoption and regulation, the main currencies, the forecasts and much more – a week on Cointelegraph in a single link.
Top Stories This week
Elon moss impersonators Twitter floods with fake crypts tributes
Although imitators on Twitter who pretend to be famous celebrities offering scrambled giveaways are many, this week saw an influx of these encrypted suitors posing as Tesla CEO, Elon Musk. After compromising verified accounts with the blue check mark, the scammers would change the name and the image so that they looked like Musk, asking in thread for comments that people send them small amounts of encryption in exchange for other crypts sent in a false "tribute". According to the news, a fake Musk account received about $ 170,000.
The Chinese Central Bank analyzes crypto-planes, questioning their legality
The People's Bank of China (PBoC), the central bank of the country, has begun to examine the encrypted flights, which refer to "masked" "Initial Coin Offerings" (ICO). This week's report by the bank notes that the entity is strictly anti-ICO and cryptic, noting the high risks of financial fraud and pyramid schemes. The report notes that the "flights" are potentially evade the regulation on the public token sales model, adding that they capitalize on speculation in the market to drive their profits.
William Shatner Tweets of Star Trek Thumbs up in Support of Vitalik Buterin
William Shatner, ex-captain Kirk on the popular American television show Star Trek, tweeted this week with Ethereum (ETH) co-founder Vitalik Buterin. The celebrity tweet provoked violent reactions from encrypted Twitter trolls who criticized the alleged centralization of the Ethereum network, bringing Shatner to cite the CER standards in response. Shatner, 87, then received compliments from other cryptic participants on Twitter for his seemingly thorough understanding of the network.
Apple apparently briefly removed the Crypto podcast referring to 4th place in the investment
The "Off the Chain" podcast, hosted by Morgan Creek Digital partner and cryptologist, Anthony "Pomp" Pompliano has apparently been removed from the US iTunes store this week. According to a tweet of Pompliano, the the podcast was ranked 4th in the "investing" category before being "mysteriously" removed. The episode, which contained an interview with "Bitcoin Maximalist" Murad Mahmudov on the current world monetary system, is available by press.
Joseph Lubin thinks Blockchain will take "a little longer" to develop over the Internet
In an interview this week, Ethereum's co-founder, Joseph Lubin, said the blockchain "will probably take a little longer" to develop over the Internet, because it's "much more complicated. Lubin, who is also the creator of ConsenSys, noted that blockchain is developing similarly to the web, due to its exponential growth and "one hundred projects" to date. "Lubin also said DLT will be able to "permeate the company more than the Internet" and make room for Web3.0.
The most memorable quotes
"His views do not take into account the fact that the code must be verified by an auditing company and approved by the consortium or not accepted.
That's why we have ERC-20, ERC-721 … ERC-1701
"We are NOT tolerant, we will not capitulate, we will not give in. We will not negotiate. – Craig Wright, talking about his faction of Bitcoin Cash (BCH) before the next hard fork
Laws and taxes
The Thai Revenue Department plans to use Blockchain to track tax payments
Thailand's revenue department is planning to track payments using blockchain and machine learning, using technology to check the validity of paid taxes and increase the speed of the tax reimbursement process. The the use of machine learning will help to report tax fraud and promote greater transparency, as a system of digital tax collection based on modern technology is a declared objective of the Thai government.
The Finance Committee of the French Parliament adopts amendments to the law on encrypted taxation
The finance committee of the lower house of the French parliament adopted regulations this week that would lighten taxes on sales of cryptocurrencies. The financial committee of the National Assembly presented a draft government financial bill for 2019, specifying it The encryption sales tax will be equal to the income tax. If budget changes are accepted in the hearings scheduled for next week, the rate will be reduced from 36.2% to 30% from 1 January 2019.
The American judge ends the freezing of the assets of Charlie Shrem in the middle of the Winklevoss case
An American judge decided this week to end the freezing of Charlie Shrem's assets in a lawsuit against him by the Winklevoss twins. The twins claimed in their lawsuit that Shrem took part of their $ 250,000 investment in its now disused BitInstant to buy 5,000 Bitcoins (BTCs). The lawyer from Shrem has he said that his client is innocent and that the statements have "no basis of fact or law". According to Winklevoss lawyers, the freezing should continue as Shrem owns $ 12 million in crypts, real estate and other assets. However, at the moment only $ 10 in activity have been identified.
The securities regulatory agency of Thailand promises to certify an ICO portal in November
The secretary general of the Thai Securities and Exchange Commission (SEC) said this week that "at least one" ICO portal "will be able to operate legally in the country in November. Rapee Sucharitakul said that "they could" start approving ICO offers in December, noting that five of these "operators" are currently examining the Ministry of Finance. Thai legislation requires that SEC SEC veterinary cryptic entities, such as ICOs, stock exchanges and "digital asset operators" wishing to operate in Thailand.
Adoption
The supplier of Blockchain.Com wallets for Airdrop $ 125 Mln in XLM after the addition of stellar support
Portfolio provider Crypto Blockchain.com will now support altcoin Stellar (XLM), accompanied by a $ 125 airdrop in XLM to its user base. The provider noted that the The large airdrop is a "great way to drive decentralization and the adoption of new networks" pointing out that air crypts allow consumers to "test, exchange and negotiate" new cryptographic assets without having to extract them or invest them first. The decision to add support for Stellar was driven by the scalability of the token network, as well as its ability to create custom tokens that represent "real or virtual goods and services".
Decentralized bank network partner with EOS for cross-blockchain trading with ETH
Decentralized liquidity network Bancor stated this week that it has partnered with EOS in order to allow cross-trade exchanges between Ethereum and EOS-based tokens. Bancor has now expanded on the EOS blockchain, using its BancorX DAP for conversation. Bancor has noticed it the DApp cross-blockchain was created in collaboration with LiquidEOS, "Block Producer" by Bancor for EOS. According to the press release, this DApp conversion paves the way for "much more blockchain" to be included in the cross-blockchain trading.
EToro Trading Platform releases the Crypto portfolio that supports Bitcoin, three Altcoins
Global cryptographic and fiat trading platform eToro has released its cryptocurrency portfolio this week with the support of Bitcoin, Bitcoin Cash, Ethereum and Litecoin. The platform has noticed it plan to add an "entire host of additional features" including additional encrypted and fiat tokens, crypto-crypto conversions and fiat deposits. eToro currently supports 14 total cryptocurrencies on its platform and has over 10 million registered users.
The largest cryptographic portfolio coinbase launches support for the basic attention token
Crypto exchange and wallet Coinbase announced this week that it would add support for a complete implementation of the Basic Attention Token (BAT) for its Android and iOS apps. As per announcement, Coinbase customers can now purchase, sell, send, receive and store BATs on the platform, with the exception initially of New York residents. Last week, Coinbase had noted the addition of BAT's inbound transfers to Coinbase Pro, specifying that the token would be subjected to four quotation steps until it reached full access.
Mergers, acquisitions and partnerships
Port of Valencia integrates Maersk and IBM Blockchain Shipping Platform
The Port Authority of Valencia, in Spain, has joined the blockchain ecosystem of IBM and Maersk, the TradeLens platform, which aims to apply blockchain technology to global supply chains. According to the announcement, the port has been integrated into the platform as "Early Adopters", which means that the port will be part of the first platform development. Currently there are more than 20 participants in the TradeLens ecosystem, which has already processed 154 million "data submission events".
Deloitte Partners with Identity Management Startup for Digital ID System
The "Big Four" accounting firm Deloitte has partnered with the Attest Inc. identity management company to create a blockchain-based digital identity system. Attest, based in Chicago, offers a shared identity platform that allows its customers to conduct transactions, including government clients, that can provide identity services to citizens. The partnership plans to develop a digital identity offering for state-compliant identifiers to be used for existing products, including an encryption-protected identity storage portfolio.
The Bithumb partners of South Korea with the Giant Qoo10 E-Commerce for Crypto payments
South Korea's main virtual currency exchange Bithumb announced a partnership this week with Asian Fim Qoo10 e-commerce to create a cryptocurrency payment service. Qoo10, which covers the Asian markets including Singapore, Hong Kong, China and Indonesia, will do so work with the Bithumb Cache system to purchase products through Qoo10. The two companies will use both the Qoo10 settlement service and the cache system, which is a password-settling service that allows Bithumb customers to convert their funds for payment use with their password.
Nine major freight forwarders launch a Blockchain-based global business network
Nine main terminal operators and shipping companies have signed a Memorandum of Understanding (MoU) to develop an open digital platform based on DLT. The MoU aims to form a consortium of maritime operators to develop the Global Shipping Business Network (GSBN), detecting it the software solution will be provided by the Hong Kong CargotSmart shipping and logistics company. The new alliance includes shipping giants such as PSA International, a Singapore-based company and one of the world's largest port operators, and Shanghai International Port Group, the leading port operator in China.
Financing round
The main Bitfury mining services provider is raising $ 80 million in closed loans
Bitcoin Bitfury mining infrastructure provider raised $ 80 million this week in a closed funding round led by the European venture capital fund Korelya Capital. Other participants in the funding round include the South Korean giant of the Internet Naver Group, the Asian institutions Macquarie Capital and Dentsu Japan and the Galaxy Digital of Mike Novogratz. The funding round comes several weeks after the rumors that Bitfury was considering an IPO.
Winners and losers
Cryptographic markets are seeing mixed signals, with Bitcoin trading for around $ 6,404.13 and with Ethereum at $ 211 per press hour. The total capitalization is about $ 212 billion.
The three best gainers of the week are Traco, Pedit and the Internet of Things. The three best losers of the week are Simmitri, coin Empowr and OBXcoin.
For more information on cryptography prices, be sure to read Cointelegraph's market analysis.
FUD of the week
The Turkish police arrest 11 in connection with an attack of encrypted portfolio accounts
The cybercrime department of the Turkish national police arrested 11 suspects this week while investing the allegedly encrypted account attack, with victims reporting losses of over $ 80,000. So far, 14 people have reported cryptographic attacks on portfolios to local prosecution authorities, noting that their Bitcoin had been transferred to other portfolios. The police have since he has seized two fake IDs, plus a series of devices supposedly used in hacks, like 18 mobile phones and SIM cards, 22 memory sticks, by hackers. The investigation finds that he found the suspects by tracking new SIM cards recorded in exchanges by hackers.
The Texas regulator issues the emergence of the emergency and the sale to the Australian mining company of the cloud
The Texas State Securities Board issued an emergency termination order and an order to stop this week from Australian cloud mining company AWS Mining PTY LTD for the sale of unrecorded securities. AWS Mining, along with many of its employees, are accused of violating the Texas Securities Acts of persuade Texas residents to purchase AWS unregistered cloud energy supply contracts by promising a "200% passive return on each investment". The cease and desist observes that AWS did not follow its promised profits to investors, just as it failed to register as an intermediary of securities.
The Swiss financial authority recommends that banks set the encryption risk coverage at 800%
The Swiss Financial Market Supervisory Authority (FINMA) said in a report this week that banks and other financial institutions could calculate cryptocurrency risk coverage at about 800 percent of their current market value. The confidential letter, seen by a local Swiss broadcaster, noted that the recommendation of a flat risk weighting factor of 800% is to "cover market and credit risks, regardless of whether positions are held in the banking book or trading book". The news reports that the 800% is at the upper end of the segment, which means that FINMA considers cryptography as a volatile resource.
US SEC charges the management of an exchange of unregistered securities to the founder of EtherDelta
Zachary Coburn, founder of the EtherDelta cryptographic token trading platform, was charged by the US Securities and Exchange Commission (SEC) with the management of an unregistered stock exchange. EtherDelta operated as a secondary market for the trading of ERC20 tokens, allowing users to buy and sell digital assets using a smart order portfolio and contracts on the ETH blockchain and a total of more than 3.6 million orders (some of them considered securities ) on an 18-month operation. Coburn neither denied nor admitted the results, but agreed to pay $ 300.00 in illicit profits, plus $ 13,000 in injury interest and a $ 75,000 fine.
The Chinese mining giant is suing an unknown hacker for $ 5.5 million of cryptographic theft
Bitmain, a China-based BTC mining company, sued an anonymous hacker for the reported encryption theft at about $ 5.5 million from the Bitmain account on Binance in April. As stated in US court documents, the hacker "John Doe" used Bitcoin stored after acquiring Bitmain's Binance account to manipulate the price of Altcoin Decentraland (MANA) and then running away with profits . Bitmain notes that the hacker was able to steal $ 5.5 million of digital assets, including about 617 BTCs. The documents also note that the hacker made transactions between BTC and MANA from Bitmain's wallet and theirs, completing the theft by transferring BTC from their Bitmain account into a digital portfolio on Bittrex.
Forecast of the week
Tim Draper maintains the bitcoin forecast of $ 250,000 by 2020
Tim Draper, a venture capital investor, said this week that he still believes that Bitcoin will yield 40 times returns and will reach $ 250,000 by 2022. Although his initial prediction was that the currency would reach this price in April of this year. ; year, Draper he said that the industry must simply make sure that "Bitcoin can be used to buy Starbucks coffee" and the world will "open". Draper also added that he did not trust the "political currencies" that are "determined by some strange political party", adding that he sees a future with blockchains and smart contracts that take on a more prevalent role in the states.
The best features of Cointelegraph
Morgan Stanley's report shows strong institutional investments for Bitcoin
At the end of October, the multinational investment bank and financial services company Morgan Stanley published a report on how Bitcoin has been a new "institutional investment class" since 2018. The report, which shows a relatively bullish prospect for 2018, brings attention to the phenomenon stablecoin, emphasizing that not all currently active stablecoin will survive.
The SEC stops accepting public comments on Bitcoin's ETFs, it takes time to make a decision
Last week, cryptoverse is buzzed with misinformation that the US SEC was about to make a decision on Bitcoin ETFs. However, last week's deadline ended with the acceptance of public comments, leaving the SEC to make the decision on the nine BTC ETFs alone. Cointelegraph delves into the possibilities for the decision of the SEC, as well as examines the root of where this expiry confusion comes from.
Blockchain promotes the homes of storm governors and maintains home seats in the United States seminary elections
The United States saw the mid-week elections of that week that led the Democratic Party to recover the House, leaving the Republicans still in control of the Senate. Among the party lines, governors in both California and Colorado were won respectively by the crypts and blockchain candidates Gavin Newsom and Jared Polis. Beyond his strong blockchain policy pushed into his state, Polis (also the first openly gay-elected governor), co-founded and co-chaired the Congressional Blockchain Caucus, a bipartisan group of Congressmen. Electurally, the Caucus did exceptionally well in the midterms: both co-presidents and 10 out of 12 regular members who lined up for re-election maintained their posts.
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