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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 one link.
Top Stories This week
Nasdaq Notes Bitcoin Futures could be launched in the first quarter of 2019, Bloomberg Reports
United States Nasdaq major stock exchange still intends to launch Bitcoin futures, and could do so in the first quarter of 2019, according to "two people familiar with the issue". Speaking in Bloomberg this week, the two anonymous sources note that the Nasdaq is "working to meet US concerns." Regulatory swaps, the Commodity Futures Trading Commission [CFTC]Earlier in the week, it was revealed that Nasdaq had partnered with the US investment firm VanEck to jointly launch a series of "transparent, regulated and supervised" digital products, a move that supports claims from anonymous sources. .
Ohio is ready to become the first US state to accept Bitcoin for taxes
The US state of Ohio is destined to become the first state to accept Bitcoin (BTC) as a tax payment. According to the Wall Street Journal, the decision will be initially apply only to companiesbut there are plans to extend the crypto option to individual tax payers in the future. Starting this week, the WSJ notes that all Ohio-based companies will be able to register to pay their BTC fees, which will then be processed via the BitPay cryptographic payment service.
Vitalik Buterin: Blockchain Tech is not applicable in every sector as people think
The co-founder of Ethereum (ETH) Vitalik Buterin said this week in an interview that the incorrect application of blockchain technology in some industries leads to "lost time". Buterin noted that although there are a large number of companies trying to establish higher standards and transparency using blockchain technology, he does not believe that blockchain can be used effectively in any industry. Buterin has specifically criticized the proprietary nature of corporate blockchain projects by technology giants such as IBM, noting that cryptographic and cross-border payments are suitable industries for the use of technology.
US Securities Regulator charges Floyd Mayweather Jr., DJ Khaled for illegal ICO promotion
The US Securities and Exchange Commission (SEC) has accused the professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled (known as DJ Khaled) for illegal advertising of Initial Coin Offerings (ICOs). The SEC discovered that Mayweather did not disclose to receive payments for the promotion of three ICOs (including $ 100,000 from Centra Tech), while DJ Khaled has not revealed a payment of $ 50,000 from the same cryptographic startup. In May, the three Centra co-founders were formally indicted for managing a $ 32 million ICO fraudulent in 2017.
Bitcoin Creator Satoshi Nakamoto's P2P account becomes Live, post-update of a single word
The anonymous Bitcoin account of Bitcoin (BTC), the P2P Foundation account of Satoshi Nakamoto, became active this week, publishing a state of one word and adding a Brazilian user to his list of friends. The profile, which is associated with an e-mail that had previously been compromised, has been offline since then Nakamoto withdrew from online activities at the end of 2010. The one-word post – "nour" – does not have an obvious meaning: a Google search finds an Urban Dictionary post for "the most loving, caring and caring person you've ever met", while the word is also a transliteration of Arabic and ancient Hebrew for "light" or "life".
The most memorable quotes
"I do not understand it deeply, but the detail that has come up is that they are saying" Hey, we own all the IPs and this is basically our platform and you're getting there. "And how, it is … absolutely not the point …." – co-founder of Ethereum (ETH) Vitalik Buterin, talking about the company blockchain projects
"If you have time, it will rise.It will not happen in three months or a year, but in two or three years, and this is the moment of gold to be in the crypt," – Tom Lee, an important crypt of Wall Street and co -found of Fundstrat Global Advisors
"I see [Bitcoin] as a legitimate form of currency, "- the treasurer of the state of Ohio Josh Mandel, speaking of the addition of a BTC tax payment option
Laws and taxes
Liechtenstein Cryptoassets Exchange receives "Business License" from Regulator
The Ministry of Economic Affairs of Liechtenstein gave a "commercial license" to the Liechtenstein Cryptoassets (LCX) exchange focused on professional operators. According to the business, the the license is a "milestone" in the development of a "fully regulated blockchain ecosystem" aimed at institutional and professional investors. The company now plans to apply for a license for Financial Market Authorities (FMA) and other approvals by regulators to exchange security tokens among other offers.
US SEC President Jay Clayton reiterates his stance on ICO, ETF
Jay Clayton, president of the Securities and Exchange Commission (SEC) of the United States, said this week how the regulator is maintaining its rigid position of compliance with the Initial Coin Offering (ICO). In an interview, Clayton noted that it was still necessary to conduct public token sales to US customers following the SEC guidelines. Clayton declined to comment on the SEC's decision on the possibility of launching exchange-traded funds with Bitcoin (ETF), noting just "we were clear about some of the problems that affect us".
Malaysia plans to create an encryption regulation by the 1st quarter of 2019, says the finance minister
According to the Minister of Finance of Malaysia, the country will develop regulations for cryptocurrency and Initial Coin Offerings (ICO) in the first quarter of 2019. Finance Minister Lim Guan Eng said that the regulatory authority of the country, the Securities Commission (SC), provided him with the calendar for the regulations, which will constitute "part of the efforts of the CS to facilitate alternative fund-raising sails and new asset classes". Also this week, the minister noted that any entity wishing to issue cryptocurrency must refer to the central bank of the country, Bank Negara Malaysia (BNM).
Adoption
Coinbase launches over-the-counter trading for institutional investors
Coinbase announced that this week launched over-the-counter (OTC) trading for institutional clients. In contrast to trading via a cryptographic exchange, OTC encryption will do so allow institutional investors to conduct direct operations among them. Sales Manager at Coinbase Christine Sandler noted that the decision to open the OTC negotiations came at a time of greater demand for the service from institutional actors, who consider the use of foreign exchange and OTC business as a "huge" advantage "for their customers.
The CLSNet blockchain payment clearing service is launched with large banking customers
Last week the US blockchain clearing service of the forex exchange (FX) CLS settlement giant was activated, with Goldman Sachs and Morgan Stanley as some of the initial users of the service, which was built in collaboration with IBM. The blockchain netting service, which is described as the "first global application of the currency market running on blockchain in production", has also "engaged" the participation of six international entities including the Bank of China's Hong Kong branch managed by the state.
The Abu Dhabi bank completes the "first" sukuk transaction on blockchain
Al Hilal Bank, based in Abu Dhabi, United Arab Emirates (UAE), announced that it has completed "the first sukuk operation in the world" with the use of blockchain technology. Sukuk is a legal instrument, also known as "sharia compliant", which allows investors to generate returns without violating Islamic law. The sukuk transaction was worth $ 1 million, sold by Al Hilal to a private investor with the participation of the Swiss fintech company Jibrel Network, which has offices in Dubai.
The Bahrain Finance Training Institute launches the Blockchain Academy
The Banking and Finance Institute of Bahrain (BIBF) has announced the launch this week of what it claims to be the first "Blockchain Academy" in the country. The BIBF, established in Bahrain in 1981 with the approval of the specific vocational training council, is an unregistered semi-governmental institution that provides training in the financial sector. The Blockchain Academy, according to the announcement, is designed to prepare participants to earn the international qualification of Certified Blockchain Professional C | BP and it was developed by the MyLearning Key training company of BIBF and Dubai.
Amazon presents two new Blockchain-related products
The e-commerce giant Amazon has announced the launch of two new blockchain services this week: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. QLDB is a ledger database, supervised by a trusted central authority, which will provide a transparent, immutable and cryptographically verifiable transaction log, while Amazon Managed Blockchain can operate with QLDB, allowing users to regulate and manage a scalable blockchain network.
Mergers, acquisitions and partnerships
"Code of Conduct" Association launched for Crypto by Ten Blockchain, Fintech Firms
Ten finance and technology companies established an association for the digital goods markets (ADAM) in order to create a "code of conduct" for the cryptocurrency sector. Founding members of the organization include Galaxy Digital, the cryptic bank of Mike Novogratz, the global financial services company BTIG, the fintech Paxos company – recently launched stxeco PAX – and the provider of encrypted liquidity solutions GSR. The group plans to work with regulators create "global standards" for participants in the digital goods market.
Nasdaq and VanEck join forces to distribute "regulated, surveyed" digital goods
Nasdaq, the second largest stock exchange in the world, and the US company VanEck have announced a partnership to launch a series of "transparent, regulated and supervised" digital products together. The partnership, announced through a tweet and then a cryptographic conference in New York, assumes that the new products would do it use the SMARTS Market Surveillance system from Nasdaq, next to the price indices of the MVIS digital activities of VanEck.
Microsoft Japan and LayerX Partner increase the use of domestic blockchains
The Japanese giant of the IT giant Microsoft has partnered with the nascent blockchain startup LayerX "Accelerate" the absorption of technology in Japan. LayerX was created in August as a joint project between the Gunosy news curation app and the AnyPay consulting service, and sees blockchain integration for businesses, including the application of smart and consulting contracts. general. Using Microsoft's Azure Blockchain-as-a-Service (BaaS) solution, companies will work together to promote wider blockchain applications.
ASUS partner with Mining GPU platform to allow users to extract cryptography via graphics cards
Taiwanese technology giant ASUS and Quantumcloud GPU mining platform have partnered to allow users to extract cryptography through their graphics cards. Under the terms of the partnership, the holders of ASUS graphics cards will be able to extract the encryption using the Quantumcloud software and withdraw your earnings using PayPal or Chinese WeChat app. Quantumcloud noted that it does not guarantee profits and that users should consider the costs of use alone.
Financing round
Blockchain Capital Leads Almost $ 13 Mln Funding Round for the launch of US securities tokens
Blockchain Capital has led to $ 12.75 million of A rounds of funding for US Securities, Securitize, this week. The platform, which allows the issuance of digital titles – or security token – of any business, including Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital and Xpring in Ripple participate in the financing round. The co-founder and managing partner of Blockchain Capital, Brad Stephens, will join the Securitize Board of Directors.
Decentralized exchanges complete the $ 15 million loan with Huobi and OKCoin
BHEX Exchange, a decentralized encrypted exchange, concluded a $ 15 million loan this week with the support of major exchanges such as Huobi and OKCoin. According to BHEX, also the new round of financing support included by Genesis Capital, among others. The BHEX investment subscription presumably attracted more than 70 investment institutions, while Blue Helix selected 40 to participate in the first round of investments.
Winners and losers
Cryptography markets are slightly green at the end of the week, with Bitcoin trading at $ 4,128.16, Ripple at $ 0.37 and Ethereum at $ 116.48. The total market capitalization is about $ 134 billion.
The first three altcoin winners of the week are FREE Coin, Etheera and RabbitCoin. The three best losers of the week are ZeusNetwork, Cyber Movie Chain and TRONCLASSIC.
For more information on cryptography prices, be sure to read Cointelegraph's market analysis.
FUD of the week
Bitmain sued for $ 5 million for allegedly unauthorized mining activities at customer expense
The encryption giant Bitmain is facing a $ 5 million class action lawsuit that supports the company crypto extracted to its advantage while customers' devices were being installed. According to the lawsuit, Bitmain is benefiting from the long term "initialization" of its ASIC [Application-Specific Integrated Circuit] the devices must be configured. The actor claims that the company's ASIC devices are "pre-configured to use their customers' electricity to generate cryptographic currency to the benefit of Bitmain rather than its customers."
The US Treasury adds cryptic addresses of two Iranians to the list of penalties on BTC Ransomware
The US Treasury Department has sanctioned two Iranians allegedly involved in the Bitcoin ransomware scheme (BTC) SamSam, including their Bitcoin addresses in a first for entering cryptographic addresses into a list of sanctions. The United States Department of the Organization for the Control of Foreign Heritage of the Treasury Organization (OFAC) has acted against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, accused of having exchanged Bitcoins with Iranian rallies (IRR) ) associated with the scheme. OFEC succeeded in identifying two cryptographic addresses associated with alleged Iranian criminals, with 7,000 transactions in Bitcoin and about 6,000 BTCs transferred since 2013.
Bulgarian prosecutors hold three hackers who stole $ 5 million in Crypto
Bulgarian Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in the $ 5 million theft in the crypt this week. According to the investigation, the hackers has used new methods and advanced computer skills, including specialized hardware, in the scam. The investigation, which began five months ago, ended with the police who seized cryptocurrencies worth about $ 3 million, as well as computers, flash drives and a portfolio of cryptographic data storage hardware.
The Novogratz Galaxy Digital lost $ 136 million during the first three quarters of 2018
According to a Bloomberg report this week, Mike Novogratz's Galaxy Digital cryptic bank lost $ 136 million in the first three quarters of 2018. Banks realized and unrealized losses in the third quarter totaled $ 41 million and the share price of the company also fell to a record low after the crash of 55 percent this month. Galaxy Digital explained the loss by referring to the fall in prices of Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH), defining the lack of cryptography volumes as a "obstacle" to success.
Zug Court closes the mining encryption company with respect to the initial offer of unregistered currencies
The cantonal court of Zug, in Switzerland, has blocked the cryptocurrency mining company Envion AG for offering a presumably unauthorized initial money supply (ICO). Envion, an off-grid mining company based in Switzerland that prides itself on using decentralized, clean energy such as hydropower and solar energy to power its mobile mining units, collected about $ 100 million through its mid-January ICO this year. The financing led to a conflict between the two Envion partners, resulting in a judicial process. This week, the court decided to liquidate the company, while noting the complete absence of any control or advice function.
Forecast of the week
The civic managing director believes that Bitcoin will change its range for "three to six months"
According to Vinny Lingham, CEO of the Civic identity management startup, the price of Bitcoin (BTC) will be they remain range-bound between $ 3,000 and $ 6,000 for the next three to six months. Speaking on CNBC's "Fast Money", the CEO noted that it is doubtful that the currency will break down the support level of $ 3,000 since there is "a lot of short-term purchases around that brand".
The best features of Cointelegraph
Ohio accepts tax payments in the crypt – Setting standards for the future?
The state of Ohio is trying to become the first in the United States to allow companies, and possibly later individuals, to use cryptocurrencies to pay taxes. Cointelegraph spoke with Ohio State treasurer Josh Mandel, the head of the initiative, on how he sees the state become more of a blockchain hub.
Trezor One Wallets Forgery reveals new techniques used to steal Crypto
Last week Trezor, one of the leading cryptographic portfolios, reported that copies of the devices were found one by one and warned customers to pay attention to the purchase of Trezors from unreliable sellers. The key difference between the true and false Trezors? A holographic sticker on the box, which some critics say is too weak as a security measure.
ABC vs SV: Evaluate the consequences of the Bitcoin cash war
The Bitcoin Cash (BCH) hard fork was held on November 15, but the consequences are far reaching. Bitcoin ABC, which was supported by both BCH supporters Roger Ver and Bitmain Founder Jihan Wu, ended up winning the loyalty of the majority of the exchanges, but Bitcoin SV is far from being dead.
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