Bitcoin millionaires / PBoC CBDC / OneCoin scam victim

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Presented by Subscribe | View in browser Market Watch: Market prices remain unmoved during Tuesday trading, with Bitcoin appearing to be stuck within the $8,000 mark. Bitcoin: $8,290 (⬇️ 0.30%) // $149.1 billion market cap. Ethereum: $183 (⬇️ 0.24%) // $19.8 billion market cap. XRP: $0.290 (⬆️ 0.11%) // $12.5 billion market cap. Tether: $1 (⬇️ 0.04%) // $4.1 billion market cap. Bitcoin Cash: $225 (⬇️ 0.60%) // $4.06 billion market cap. Top 100 Winner: GXChain: $0.549 (⬆️ 19.08%) // $35 million market cap. Top 100 Loser: Centrality: $0.099 (⬇️ 15.99%) // $80 million market cap. Prices are as of 12:47 p.m. EDT.       1. Bitcoin statistician Willy Woo has uploaded new data that suggests the number of Bitcoin millionaires is growing at a rate similar to the asset's early years. Taking to Twitter, Woo posted a diagram that showed the rate of growth with addresses containing 1,000 Bitcoin. According to him, this rise is likely due to high net worth investors whereas during the early days it was the "tech savvy who were bootstrapping the network." –@woonomic       2. The Oxford English Dictionary has officially added the word "Satoshi" to its database. The decision to add the word was announced during a quarterly update. The addition of Satoshi follows the inclusion of Bitcoin in 2014 and cryptocurrency, which was added in the last update. The definition of Satoshi is "the smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin." –OXFORD ENGLISH DICTIONARY Why It Matters: It demonstrates that as the crypto market continues to gain mainstream interest, it's becoming difficult to ignore and that more people will want to know more about it. Bitcoin bulls also argue that mainstream attention can lead to a price increase, so any attention is good attention.       A MESSAGE FROM KEEPS Get 50% off hair loss treatments that actually work. Bad news: 2 out of 3 guys start losing hair by 35. Good news: Keeps makes it easy and affordable to keep (and even regrow) your hair. Get hair loss treatments that work delivered to your door for less than $1/day. The sooner you take action, the more hair you'll keep. Get 50% off your first 3 months 3. A Chinese central bank digital currency (CBDC) would give the People's Bank of China (PBoC) "greater insight" into the country's transactions. That's according to analysts at Beijing-based research firm Trivium China. Stanislas Pogorzelski, editor-in-chief of the specialist site Cryptonaute.fr., further noted that the purpose of the centralized coin is to "replace cash," which is the "last bastion of privacy." Others think it's an opportunity for China's central bank to collect new information that would be impossible with cash transactions. –THE STRAITS TIMES       4. Jen McAdam, a victim of OneCoin, a suspected crypto scam, has reportedly received death threats for speaking out about what happened. McAdam is estimated to be one of 70,000 people who bought packages from OneCoin but have been unable to trade or fully cash in their stake. According to the 49-year-old woman, she has received threatening messages mainly through Facebook. She claims they are coordinated attacks by OneCoin supporters and has reported them to Police Scotland. McAdam invested over $10,000 of her own money and convinced family and friends to part with $281,000 before realizing she wasn't going to see that money again. –BBC       5. Bitcoin investor Tim Draper had said that crypto and other technologies will change how governments function. In a Medium post, he wrote that we are no longer at the "mercy of dictators and toll trolls." He also accused those of dismissing Bitcoin as trying to hold on to tribalism, arguing that it "is dying." –MEDIUM       6. Blockchain security firm CipherTrace has increased its crypto platform to 700 tokens. CipherTrace now lets users trace 87 percent of the transactional volume of the top 100 coins. CipherTrace CEO Dave Jevans said that the expansion will help to create a "multi-trillion-dollar global crypto economy." The company has also included the tracing of ERC-20 tokens. –COIN TELEGRAPH       7. Blockchain education platform Longhash has found that the most common cause of crypto projects failing is "death by abandonment." Looking at 700 crowd-sourced projects over an eight-year period, this accounted for 63.1 percent of failed initiatives. These death-by-abandonment coins also had a lifespan of around 1.6 years, according to Longhash. –LONGHASH       8. Grayscale Investments has noted that crypto investment in the third quarter was up by 300 percent. The company said that during Q3, the investment amounted to $254.9 million, up from $85 million in the previous quarter. Grayscale's managing director Michael Sonnenshein noted this was down to professional investors deciding to mix up their portfolios. – FORTUNE       9. Crypto exchange Coinfield is making stocks such as Apple and Tesla tradable on the XRP ledger. Coinfield's CEO Bob Ras has said that stocks and ETFs from 25 global stock exchanges and fiat-backed stablecoins will be available to trade on Ripple's ledger from next year. This will be made possible by a new service called Sologenic. Users will have access to more than 30,000 stocks and ETFs. –DECRYPT       10. Anthony Pompliano, co-founder of Morgan Creek, has said that it's better for retail crypto investors to HODL. He went on to say that unlike professional traders who know how to get in and out of the market it's not advisable for retail traders. In his opinion, it would be better if most investors lost their account passwords. –FXSTREET       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Stop your hair loss before it's too late. Get 50% off your first 3 months of Keeps today.

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