November 22

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‘If investors see activities and operations related to virtual currencies in any form, they can report to authorities,’ the bank said in today’s announcement, stressing the distinction between blockchain technologies and virtual currencies. 

The bank plans to monitor crypto-related activities continuously and ‘nip the small and early-stage businesses in the bud to protect investors.  

The bank also listed some of the most common “fraught” crypto activities ranging from initial futures offerings, initial exchange offerings, initial mainnet offerings, security token offerings and ICOs.”

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“Decentralized, privately-issued digital currencies are not simply a means of payment, but also tools that can shift functions traditionally performed by the government to the private sector.

Digital currencies at scale raise not only concrete questions about money laundering, monetary policy, and other topics, but also very abstract questions about self-government. Those engaged in digital currency markets should therefore expect that policymakers, in pursuing the public interest, will take a very hard look at these issues.”

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“If you’re looking for crypto presents for the holiday season, we’ve rounded up a selection of gifts to suit all wallets.”

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“The move would likely give FDAS access to a broader market and liquidity for smaller trades. OTC desks primarily trade with larger institutions and high-roller “whale” investors, whereas exchanges serve retail traders and smaller institutions.

After FDAS has onboarded New York clients, it plans in the new year to begin onboarding new assets, developing its trading capabilities, scaling its business and pursuing licenses in other states where it is not currently doing business.

[We’re] seeing traction up-market for institutional customers for security tokens and other financial assets. We think this trend will really show up in Q1 2020 when customers with potential registered offerings plan to come to the market.”

“Alibaba Pictures reportedly plans to tokenize distribution rights for its new film “Striding into the Wind.” The overseas distribution rights will reportedly be released on SingularDTV’s Ethereum blockchain-based distribution portal EtherVision.

The tokenization of movie ownership, could radically change film financing. As it currently stands, film financing is generally limited to a small number of high-wealth investors, but with tokenization, smaller investors could also benefit from a movie’s success.”

“In rolling out its staking services to a global investor base, Coinbase Custody appears to be leveraging its brand recognition to promote staking as a key emergent investment strategy for the blockchain and cryptocurrency space.”

Stablecoin issuers may themselves compromise the potential financial autonomy of citizens by introducing blacklists that enable them to freeze stablecoins held at specific addresses.

The issuers of Tether (USDT), USD Coin (USDC), TrueUSD (TUSD), Pax Standard (PAX), and Binance USD (BUSD) all have this functionality, the report notes.”

“The European Investment Fund (EIF) and the European Commission have together put up €100 million (over $110 million) for a dedicated investment scheme that will make capital available to AI and blockchain projects via VC funds or other investors.

The fund could ultimately raise up to €2 billion ($2.2 billion) under the InvestEU Programme.”

GDLCF will purportedly be the first publicly-quoted security based on a basket of digital currencies in the United States. As of Oct. 31, 2019, DLC included 80.6% of Bitcoin, 9.2% of Ether, 6.0% of XRP, 2.5% of Bitcoin Cash (BCH), and 1.7% of Litecoin (LTC).”

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