G7 and Libra / Telegram may postpone Gram / Bitcoin Revolution scam

Inside Bitcoin presented by Keeps.

Presented by Subscribe | View in browser Market Watch: The market hasn't recovered much during Monday trading. The SEC's Telegram decision has kept prices down. Bitcoin: $8,316 (⬇️ 1.43%) // $149.6 billion market cap. Ethereum: $183 (⬇️ 0.64%) // $19.8 billion market cap. XRP: $0.290 (⬆️ 3.41%) // $12.5 billion market cap. Tether: $1.01 (⬇️ 0.02%) // $4.13 billion market cap. Bitcoin Cash: $225 (⬇️ 0.63%) // $4.08 billion market cap. Top 100 Winner: ZRX: $0.316 (⬆️ 14.18%) // $190 million market cap. Top 100 Loser: Crypterium: $0.554 (⬇️ 16.30%) // $47 million market cap.  Prices are as of 15:40 p.m. EDT.       1. Facebook's Libra shouldn't continue until it has proven itself to be safe and secure, according to the G7 group. G7, which consists of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, have stated that cryptocurrencies such as Libra pose a risk to financial stability. According to the group, even if Libra's backers address concerns, the project may still not receive approval from regulators. The warning from G7 follows the decision from PayPal, Mastercard, Visa, and Stripe to step away from the project, citing regulatory uncertainty. –BBC Why It Matters: With four companies having stepped away from Libra and increasing pressure from global regulators, the future of the stablecoin could be in trouble if more companies decide to leave it.       ​​​​​​2. Telegram may postpone the launch of its token after the U.S. Securities and Exchange Commission (SEC) ordered it to halt the sale of the token in the United States. Telegram was due to issue the Gram tokens October 31, but has said that it may look beyond this date as it works at addressing the agency's concerns. Telegram has raised more than $425 million from U.S. investors, but the SEC has said the fundraise was illegal due to the fact that it never registered its offering with the regulator. –BLOOMBERG       A MESSAGE FROM KEEPS Keep more hair on your head and more money in your wallet. Keeps is the easiest way to stop hair loss (and even regrow some of what you've lost). Their FDA-approved treatments are delivered directly to your door in discreet packaging. Plus, at less than $1 a day, keeping your hair has never been more affordable. Get 50% off your first 3 months 3. A study has found that those who trade in cryptocurrency are more likely to take the biggest risks in the stock market. According to the findings, this suggests that they are seeking dopamine - a chemical released by nerve cells that sends signals to other cells that are typically involved in the reward-motivated behavior. The period covered was from January 1, 2014, to December 31, 2017, and surveyed 668,067 individual investors. It found that traders undertook 16.8 extra stock trades and increased their leverage by 13.4 percent within the first 10 days of trading in crypto. –COIN DESK       4. An online Bitcoin platform claiming to be endorsed by well-known names is a scam. Jeremy Clarkson, Alan Sugar, and Simon Cowell are those that have supposedly backed Bitcoin Revolution. According to Clarkson, he's never heard of the company and that lawyers were looking into it for him. He even suggested he wasn't aware of what Bitcoin was, stating he was going to research what it was. Designed to attract unwitting investors, it invites them to make an initial deposit of $250 to become the "next millionaire." –DAILY MAIL       5. Bitso, one of Mexico's largest crypto platforms, has received investment from Ripple and Coinbase. Ripple was an early partner of Bitso and led the funding round for the country's first crypto exchange. Since founding in 2014, Bitso has attracted 750,000 users in the country. As a result of its success, it is now turning its attention to Argentina and Brazil, among other Latin American nations. –THE BLOCK       6. Dutch bank ING has said that central bank digital currencies (CBDCs) are coming. Chief economist Mark Cliffe and its lead economist for digital finance Teunis Brosens have said that CBDCs may be around in the "next five years." Cliffs added that with the introduction of CBDCs, banks may be able to get rid of hard cash and banknotes. –THE NEXT WEB       7. BMW, General Motors, Ford, Renault, and Honda are to start testing a blockchain car identification and payment system next month in the U.S. The system will be developed under the Mobility Open Blockchain Initiative. Cars will be assigned digital IDs linking them to ownership, service history, and a wallet permitting them to make payments without any necessary hardware. –NIKKEI ASIAN REVIEW       8. Bitfury Group is to set up a blockchain innovation and research center in Hyderabad, a city in India. It is aiming to be one of the top 10 locations worldwide for blockchain development. Bitfury, reportedly, has said that they will offer mentoring support, and courses to associated members. –CRYPTONEWSZ       9. Europol has said that Bitcoin still remains the dark web's favorite cryptocurrency. The agency noted that it was prevalent within the underground economy because of its familiarity with the customer base, particularly in the dark web markets. Europol had previously noted a small shift toward privacy coins such as Monero. –THE NEXT WEB       10. Alipay has said that it can't be used for Bitcoin transactions. This is despite Binance CEO Changpeng Zhao confirming that it now could. However, Alipay has disproved that by saying "no, you cannot." It added a tweet prior to this to reiterate what it was saying. – INTERNATIONAL BUSINESS TIMES       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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