November 14

“The member nations — namely, Brazil, Russia, India, China and South Africa — are reportedly planning to develop a single payment transaction system between the member countries, which could be carried out in a still-to-be-developed “BRICS” cryptocurrency.

An efficiently operating BRICS payment system is capable of stimulating settlements in national currencies and ensuring the stability of settlements and investments between our countries, which form more than 20% of the global influx of foreign direct investment.”


“The network manages, integrates and synchronizes all the supply chain and logistics data in real time, aggregating the data between Walmart Canada and its fleet of third-party trucks on a shared ledger.

Blockchain is enabling a material advance in our smart transportation network, with expedited payments, extensive cost savings and other benefits among our supply chain.


“Bitcoin (BTC) is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub.

We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”


“An individual retirement account (IRA) is an investment account that enables an individual to save money for retirement in a tax-deferred way, while a 401(K) represents a qualified retirement savings plan offered by an employer.

The firms said that the new offering will give investors access to more than 30 digital currencies in the industry.”

See Also: Coinbase Expands Reach of Visa Card in Europe, Adds 5 New Cryptos


“The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.

Ledger’s policy covers third-party theft of private keys in the event of a physical breach of a hardware security module (HSM) in one of its data centers.”



“The bank is providing asset servicing for large, high-grade bonds that will be tokenized and divided for retail investors on Hyperledger Sawtooth. These bonds are normally too large for individual investors, but the quality of the bonds is attractive.

With $124.3 billion in assets, Northern Trust is the 24th largest bank in the U.S.”


“Jerome Powell noted that currently, U.S. national debt is growing faster than nominal GDP.

Ultimately in the long run that’s not a sustainable place to be. How to fix that — it’s easy to say that — how do you do that and when do you do that is an issue that is up to you and not to us.”


“After being arrested at Los Angeles International Airport in March 2019, Ignatov pleaded guilty to several charges, including money laundering and fraud.

Additionally, Ignatov has reportedly provided more details against his sister and OneCoin co-founder Ruja Ignatova, also known as ‘cryptoqueen.'”


“Vocal crypto advocate John McAfee has launched a polemical meme cryptocurrency dubbed “WHACKD.” 

The image used to advertise WHACKD — a portrait of Hillary Clinton with eyes fixed cravenly on a pair of dangling feet, as she clutches a slice of pizza — point to McAfee’s conspiratorial take on the death of billionaire Jeffrey Epstein this August.”

November 13

Highly recommended read.

“Deep, fundamental digitalization of the economic system is now well underway as blockchain infrastructure moves from the fringe and early adopters and into the spotlight of major nation-state actors.

These rapid changes are leading regulators everywhere to grapple with an economic system that is beginning to mirror the open, global and connected internet of information and communications.

There are now several competing approaches to building a new financial system on this infrastructure:

  • Open finance
  • Government-run
  • Private consortia

While governments study and debate these topics, bit by bit and block by block, technical innovators all around the world are using crypto to rebuild the global economic system in front of our eyes in a marvel of human ingenuity.


“The social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate payments across Facebook, Messenger, Instagram, and WhatsApp. 

People already use payments across our apps to shop, donate to causes and send money to each other. Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected.

In an apparent bid to avoid further regulatory scrutiny, the company clearly states that Facebook Pay is ‘built on existing financial infrastructure and partnerships.’ The firm is similarly clear that the payment service will be kept separate from Facebook’s new Calibra wallet and the Libra network.

Facebook Pay will start rolling out this week.”

See Also: Official Announcement
See Also: Google Launches Checking Accounts In Big Tech’s Latest Move On Wall Street


Samsung Stepping up their Blockchain Game

How To: Replace your Ethereum Address with Readable .eth Address

See Also: The Ultimate Guide to ENS Names


“The past month has seen activity explode for the game, with interest dwarfing that of CryptoKitties at its 2017 peak.

In terms of daily transfers of its non-fungible tokens (NFTs), Gods Unchained was recording almost 500,000 such transfers per day at the end of last week. By contrast, even at the height of the CryptoKitties craze in late 2017, transfers there totaled less than 100,000.”

God’s Unchained 101

“Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold.

Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of options trading. Ardoino further mentioned that Bitfinex will enable its clients to buy a variety of items with cryptocurrency using a gift card.”


“Block.One, the firm that developed the EOSIO software, announced on Nov. 13 that it will begin participating in the election procedures for block producers (BPs) on the EOS blockchain.

Block.One holds 9.5% of the circulating supply. As such, Block.One holds nearly one-tenth of the voting decision power when it comes to electing BPs. EOS is a network based on delegated proof-of-stake (DPoS), where 21 BPs are elected by coin holders and run the network’s only validating nodes.”


“Augmented with cryptocurrency payment capabilities, the traditional network will thus be evolved to promote the use of the new asset class at a mass scale across physical points of sale and in e-commerce. Payouts to merchants will be made in Swiss francs or euros.

In the future, Worldline intends to roll out the cryptocurrency payments provision Europe-wide.”


“China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023.”


“[The SEC’s] claims are without merit as Telegram’s private placement to highly sophisticated, accredited investors.

The SEC has engaged in improper ‘regulation by enforcement’ in this nascent area of the law, failed to provide clear guidance and fair notice of its views as to what conduct constitutes a violation of the federal securities laws.

The matter will not be decided until at least Feb. 18–19, when the next hearing is to be held.”

November 12

“RBC, the largest bank in Canada by market capitalization, is entertaining the possibility for the exchange to function both for investments and allowing clients to make purchases online and in brick-and-mortar stores.

The trading platform would facilitate buying and selling of individual digital coins, including Bitcoin and Ether, as well as the transfer of funds combining different types of cryptocurrencies.”


Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020. The new product is a response to customer demand and will be based on the data provided by Bakkt’s physically-settled bitcoin futures product.

We have the intention of offering a cash-settled contract as well.

The new cash-settled monthly futures are to be traded on ICE Futures Singapore. That said, futures traders signed up to the company worldwide will be able to access the product.”


“The announcement by the crypto custodian and issuer of hot and cold storage wallets means that a sizable share of on-chain transactions pass through its services, a sign of consolidation, and power, in the crypto space.


“Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its blockchain network aimed to support small and medium-sized businesses.

While the blockchain is open to developers and institutions from all over the world, we will be cautious in terms of selecting nodes on the platform. We can not disclose the names of our partners who participate in the consortium blockchain at this time.”


“Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients.

As part of its account services, SEBA is offering a SEBAwallet app, e-banking services and SEBA card facilities, with support for five major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Stellar (XLM), Litecoin (LTC) and Ether Classic (ETC). 

The bank provides investors with both crypto-crypto and crypto-fiat conversion services online and SEBA cards are supported at 42 million points of sale globally, paving the way for the ‘mass introduction of cryptocurrencies.'”


“The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking. 

As regards airdrops, the rules state that all proceeds defined as ancillary/subsidiary —  i.e. those earned via forks, airdrops, staking gains — automatically accrue to the customer, not the custodian.

The rules also proscribe SPDIs from authorizing or facilitating the rehypothecation of crypto assets under its custody.”

See Also: Ho Chi Minh City to Develop Blockchain Regulations for Smart Cities


“Released Tuesday, the draft is part of an ongoing effort by institutionally-focused companies to bring legitimacy to an industry regarded by traditional investors and regulators as a digital Wild West.

The code sets standards for governance, ethics, transparency, fairness, compliance, risk management, information security and business continuity, as well as preventing conflicts of interest, market manipulation, money laundering and terrorism financing.

Being associated with ADAM is a signal to investors, business partners and regulators that you are making an effort in good faith to live by certain standards.”


“Changchun Mu said the central bank will not seek full control of users’ personal details, while fulfilling authorities’ need for information.

We know the demand from the general public is to keep anonymity by using paper money and coins … we will give those people who demand it anonymity in their transactions.

The central bank has said it will guarantee cash-like levels of privacy but admits it will retain the ability to track down crypto users if it suspects illegal activity, like money laundering.”


“Greenspan’s argument reportedly hinged on the fact that national fiat currencies are backed by sovereign credit — a provision that is exclusive to the nation-state and its institutional structure. 

The fundamental sovereign credit of the United States is far in excess of anything Facebook can imagine.”

See Also: Tunisia’s Central Bank Denies Reports Claiming It Issued an E-Dinar


“The firm said that it sees its new metric as a way of escaping dependence on volume reporting, which is often subject to wash trading and other means of manipulation.

Volume has lost its value as a metric. We believe our adaptive methodology will make our metric very difficult to ‘game’.

With our Liquidity metric, we hope to provide public good to the crypto markets by encouraging the provision of liquidity instead of the inflation of volumes.


“Today we’re excited to release v 1.0 of Ethereum Studio: a simple web-based IDE, which lives right on ethereum.org.

Ethereum Studio’s purpose is to let developers get started building on Ethereum within minutes, with as little friction as possible.”


On the Ground in Hong Kong

Paxos announced the launch of its Fiat Gateway, a service that allows its users to swap between dollars and stablecoins on a one-to-one basis. Binance has fully integrated it, making it available to all of its customers.

The new Fiat Gateway is the fastest, simplest U.S. dollar on/off ramp for our customers. We look forward to working more closely with Paxos to integrate additional solutions.”

See Also: HTC Launches Limited Run of Smartphone With Crypto Exchange Binance


Notable Headlines:

November 11

“Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers.

A critical link … in the institutional adoption of bitcoin is custody.”


“It’s worth looking at the projects that come out of these events to see developers’ latest innovations and what may be the next big thing in Ethereum and blockchain. Unlike past events, there wasn’t such a big focus on DeFi, save notable exceptions. It was all about smart wallets, messaging and games.

Sheetcoin: allows users to send ERC20 tokens to Gmail addresses, which opens up the universe of potential crypto users to 3 billion.
Eth P2P VOIP: allows calling an Ethereum address, [and] prevents spam calls, providers selling your data and SIM swapping.
DeFi Custody Wallet: sends all of the wallet’s digital assets to a pre-determined address if the the account isn’t used for a pre-determined period of time, signaling maybe the user lost their private key or died.
Connexion: allows MetaMask users to message each other using their ENS names.
Wallet Notify: This is a standardized way of sending push notifications to Ethereum addresses so users can be notified, for example, when their loan is about to get liquidated, when their domain is about to expire, when there’s a governance vote coming up, etc.”


“Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months. 

Lee also suggested that the People’s Bank of China (PBoC) will use the new currency to further strengthen its oversight over capital flows.”

See Also: Ethereum Co-Founder: Hopefully We Can Interoperate With China’s Crypto
See Also: Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot


“The Monetary Authority of Singapore (MAS) has completed development of a blockchain-based cross border payments system that can support a range of currencies.

With Ubin now in its fifth phase, MAS said the payments prototype ‘will provide interfaces for other blockchain networks to connect and integrate seamlessly.’

We hope this development will encourage other central banks to conduct similar trials, and we will make the technical specifications publicly accessible to accelerate these efforts. We look forward to linking up with more blockchain networks to improve cross-border connectivity.”


“IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network.

The new system reportedly has limitless scalability potential, and can handle much more complex applications. Point of sale payment systems could use O2Rs in a scalable non-custodial payments service ‘that can match the throughput of Visa.'”


“Emerging technologies such as blockchain have the potential to define the war industry over the coming decades. Data and data sharing will be critical for warfare in the future, particularly with the development of artificial intelligence.

Blockchain technology will be critical in defending key weapons systems as well as validating orders and battlefield information, among other uses.

If the U.S. Marine Corps is going to put 3D printers in the field so that soldiers can manufacture spare parts on-site for F-35s, say, then it needs to protect these workstations from hackers — especially the digital specifications.


“Shaoul — president of the Magnum Real Estate Group — sold the 11,400-square-foot property to a Taiwan-based entity. Jet Real Estate, which represented Magnum in the deal — characterized the transaction as ‘a seamless process.'”


“The EOS blockchain is congested by the EIDOS token airdrop. Average users, who hold a relatively low amount of staked CPU resources, are currently unable to send transactions.

The exchange has since solved the issue by increasing the amount of staked CPU. Interestingly, the incident also caused the price of CPU time on the network to increase by over 100,000% over the course of 4 hours.”

November 9

Tunisia has become the first country to start moving its national currency to a blockchain platform. The Central Bank of Tunisia announced that the digitization of the Tunisian dinar has started and that the paper-backed CBDC will be issued on the Universa Blockchain. 

The country will not issue a new currency. Instead, part of its reserves will be simply moved to the platform and citizens will be able to exchange their physical money for e-dinars.

Digital banknotes cannot be counterfeited — each banknote is protected by cryptography.”


“Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private messages.

Messages sent on lightning are free for now. Whatsat ‘relies on the fact that there is no charge for a failed payment. The payment reaches the recipient, the recipient extracts the message and they fail the payment,’ Jager said. But, should he develop the idea further, it’s likely to charge a nominal amount.”


“The SFC has granted virtual bank licences to 12 entities so far. On the list is Infinium Limited, a joint venture between Tencent, Industrial and Commerce Bank of China (ICBC) and other two Hong Kong-based institutional investors.”


“Leading stablecoin operator Tether has announced it will support crypto podcaster Peter McCormack in a lawsuit against self-proclaimed Bitcoin (BTC) creator Craig Wright. General counsel for Tether revealed on Nov. 8 that Tether also rejects Wright’s claims of being Satoshi Nakamoto.

We admire Peter’s conviction and are humbled to support his defense against what we see as frivolous and vexatious litigation.”

November 8

The patent describes a tool that tracks and compares the financial transactions of users against other users, purportedly to better help them manage their spending and note trends based on their demographics.

…obtains financial transaction activity for its users and allows its users to obtain reports of their spending compared to various benchmarks.”


“A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system.

As large private firms on Wall Street and Silicon Valley seek to leverage their market power through control of critical infrastructure, it is more important than ever for the Board to implement this proposal quickly.


“A rough translation of Zhou Xiaochuan’s remarks reveals that his take on Libra is guided by concerns surrounding the implications of the asset being governed by a consortium of private-sector firms.

The former governor stressed that the general public will inevitably question the motivations of the Libra Association and argued that more trust would be afforded to the initiative if it was in the hands of an international organization such as the IMF.”


“The MakerDAO loan system hit its debt ceiling Wednesday with roughly $100 million worth of the stablecoin DAI issued and more than $339 million worth of ethereum locked up as collateral.

On Thursday, the Maker Foundation proposed a new debt ceiling of 120 million DAI, which will now be voted on by holders of MKR governance tokens. This follows the previous raise in 2018, which doubled the DAI debt ceiling from 50 to 100 million stablecoins.

MakerDAO has hit that limit and no more [DAI] can be generated until that debt limit is increased.

Back in July, the MakerDAO Foundation’s Joe Quintilian stated he “wouldn’t be surprised” if the first $3 million loan was issued by 2020. As of November, there are at least five loans exceeding that amount, including two loans over $8 million each.”


Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets. Standard Chartered has already made inroads into blockchain utilization, [such as] a recently completed a supply chain financing scheme.

We are excited to be a part of the EEA and look forward to opportunities where we can collaborate with other leading industry players to deepen blockchain research and application in the banking sector.”


“Istanbul promises to make the network more secure and efficient.

The update, which delivers major fixes and upgrades to the world’s second-largest blockchain network, will be implemented in two parts. The first update, Istanbul, will take place later this year, and the second, dubbed Berlin, sometime in the first quarter of 2020. 

Improvements due to role out on December 4 are intended to optimize and lower gas costs, increase compatibility with Zcash, address scalability, as well as allowing contracts to introduce more creative functions.”

See Also: Eth2.0 Update #3


“Morgan Creek Digital now takes up around 1 percent of the assets of two Fairfax Retirement System pension funds – an investment which has more than doubled since taking their first position in the fund that closed in February.

As pension funds suffer from low interest rates, technology venture capital funds become more attractive to funds trying to meet their return targets.


“Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding foundation.

The firm said Zcash’s trademark protects the community from scams and brings legal power to Zcash’s blockchain governance.

See Also: Zcash Trademark Talks Were About More Than a Logo


“All Tether tokens are fully backed by reserves.

Tether’s “Transparency” page says the company currently holds more than $4.6 billion in total assets, including $4.56 billion in U.S. dollars, $44 million in euros and $3.3 million in Chinese renminbi. [Tether] declined to detail the breakdown between Tether’s actual cash holdings and the cash equivalents.

Our reserves include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties.”


“Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies.

The Committee reiterated its view that the prudential treatment of banks’ crypto asset exposures should appropriately reflect the high degree of risk of crypto assets.”


“Unlike other ETF applications, Wilshire Phoenix’s ETF will invest in both bitcoin and U.S. Treasury securities, commonly referred to as T-bills. The Trust itself will automatically rebalance itself monthly to address possible concerns about bitcoin’s price volatility.

Wilshire Phoenix is also hoping to address SEC concerns about market manipulation by using a surveillance sharing agreement, one component the regulator stressed was needed when rejecting a recent bitcoin ETF application.

The SEC began accepting comments on the proposal in June, though a final decision is still months away.”


“VeChain has unveiled a new blockchain tracking system for the food and beverage industry. The company confirmed it was working with food certification group DNV GL and supply chain specialist ASI Group on the project, known as Foodgates.

VeChain revealed Foodgates had already been put to work, importing French beef to China for an event attended by French president Emmanuel Macron and China’s Xi Jinping.


“Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia. Power Ledger said that the new commercial deal is the first large-scale roll out of its energy trading technology.

Power Ledger’s blockchain-based software will allow Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control and management over their energy. The technology is expected to enable Australians to gain control over when they use energy and how much they pay.


“The measures will apply to all transactions involving physical cash, including payments for goods and services. The limit of 25,000 Malaysian ringgits ($6,048) will also apply to donations and transfers between entities like people and businesses.

Rasheed highlighted the need for a cash transaction limit in the country, given the anonymous nature of cash transactions.


“The number of bitcoin, blockchain and crypto-related employment ads in shares per million on the popular job listing site rose by 26 percent from 2018–2019, following a four-year trend of 1,457 percent growth in the sector.

The top 5 employers listing blockchain jobs are Deloitte, IBM, Accenture, Cisco and Collins Aerospace, coming in 1st through 5th, respectively. “Big Four” firm Ernst & Young joins Deloitte in the top 10.”

November 7

“Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ).

After today, all eligible Coinbase customers holding Tezos on the exchange will be able to collect an estimated return for Tezos staking of around 5% per holding period of 35–40 days. Once customers’ initial holding period completes, they will receive rewards in their accounts every three days.”

See Also: Why Tezos’ price surged after Coinbase deal


“The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted. The Maker Foundation announced that they would release a multi-collateral Dai (MCD) later this month.”


“AAX, a Hong Kong-based cryptocurrency exchange that uses the London Stock Exchange (LSE)’s matching engine technology, has officially launched.

In addition to crypto-to-crypto spot trading, AAX expects the derivatives market to be a major focus with its offering of perpetual contract futures settled in bitcoin. These contracts, which have no expiration date, will be tied to the performance of five digital assets – bitcoin, ether, ripple, litecoin, and EOS – with up to 100 times leverage.”

See Also: Crypto-Friendly Silvergate Bank Goes Public on New York Stock Exchange


Q4 will be all about shipping v1 of the app, and then we move on to improving against our top 3 biggest priorities, as ranked by the team & community: making chat more engaging and enjoyable to use, addressing critical blockers such as high bandwidth consumption, and polishing the UI to make it snappier and more effective.”


“While reiterating that short-term developments in quantum computing are “modest,” Fan argued that blockchains will have to keep pace to avoid being overtaken.

As such, Fan outlined three major directions for the blockchain community to address as soon as possible, which are the standardization of “quantum-resistant” cryptography, cryptographic agility and blockchain governance.


“Square’s mobile payments application Cash App will be buying 16% of Bitcoin’s (BTC) new supply if the company keeps buying at the same rate after the halvening if the price does not go up.

Currently, Cash App is buying 8% of the new supply of Bitcoin per quarter and the production will be cut in half after the halvening.”