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


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