BitMEX issues statement / Whale responsible for bull run / Czech bank coin warning

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Presented by Subscribe | View in browser Market Watch: Monday trading is in the green today across a majority of coins. Bitcoin remains above $9,000, but hasn't risen much further than $9,300 in recent weeks. Bitcoin: $9,244 (⬆️ 0.41%) // $166.6 billion market cap. Ethereum: $184 (⬆️ 1.23%) // $20 billion market cap. XRP: $0.293 (⬆️ 0.36%) // $12.6 billion market cap. Bitcoin Cash: $290 (⬆️ 0.77%) // $5.2 billion market cap. Top 100 Winner: Augur: $12.19 (⬆️ 26.22%) // $134.1 billion market cap. Top 100 Loser: KuCoin Shares: $1.50 (⬇️ 3.47%) // $130 million market cap. Prices are as of 12:30 p.m. EDT.       1. Crypto exchange BitMEX has issued a statement following last week's email leak. In today's announcement, the platform has said that no other data apart from the email addresses were exposed. Vivien Khoo, deputy chief operating officer at BitMEX, emphasized that the organization apologized and that teams worldwide were working to protect account security and to change processes that didn't work. Last week, the exchange accidentally sent a mass email to its users but failed to use the blind copy feature. –BitMEX       2. A single whale was responsible for the 2017 crypto bull run, according to research. University of Texas Professor John Griffin and Ohio State University's Amin Shams have updated their previous claims that the bull run, which argued that market misconduct was behind Bitcoin's rise to an all-time high of $20,000, was the result of Tether being used to provide price support and market manipulation. Now, Griffin and Shams are saying that analysis of Tether and Bitcoin transactions from March 1, 2017, to March 31, 2018, indicate, to them, that a single entity via crypto exchange Bitfinex, the same people who also control Tether, is behind the manipulation. "This pattern is only present in periods following printing of Tether, driven by a single large account holder, and not observed by other exchanges," the academics wrote in a new peer-reviewed paper. Tether's General Counsel Stuart Hoegner, however, has rebuffed the claims, calling the research "foundationally flawed." –BLOOMBERG       A MESSAGE FROM THE ASCENT 0% APR is 100% an insane deal If you've been dreaming of a "one-card wallet", it's time to wake up and get your hands on this one that offers 0% intro APR for more than a year, and the highest cash back rate we've come across. Oh yeah, that includes double cash back in the first year, and no annual fee. Click to learn more.  3. Czech crypto-anarchist movement Paralelní Polis has received a warning from the country's central bank for using the word "coin" on its site to describe silver tokens it is minting. According to a tweet posted yesterday by Paralelní Polis, the Czech National Bank said it will be fined if it continues to use the word. In 2017, the organization started issuing its commemorative silver coins in a limited edition of 100, paying homage to a person who fights for digital freedom. In 2017, it was Ross Ulbricht, the founder and creator of Silk Road; in 2018 it was Julian Assange, the co-founder of WikiLeaks; and in 2019 it was Aaron Swartz, an American hacker, political, and internet activist, who died in 2013. Speaking about the central bank's warning, Martin Leskovjan, chair of the Paralelní Polis movement, said that it was "completely nonsense." –SEZNAM ZPRÁVY       4. Rajnath Singh, India's defense minister, believes artificial intelligence (AI), big data, and the blockchain will form part of the future of warfare. Speaking to more than 80 delegates in Delhi Monday, Singh said that the armed forces must be equipped with these technologies to meet the challenges of modern warfare. In his opinion, the "character of warfare is changing." Today, it's not just a case of preparing for contingencies, but also repelling numerous threats from several sources, he said. As a result, AI, big data, and the blockchain could be used to safeguard the "safety and security of critical infrastructure," he concluded. –THE TIMES OF INDIA       5. Changpeng Zhao, the CEO of crypto exchange Binance, believes Bitcoin will hit $16,000 "soon-ish." In a tweet, he noted that while price predictions are easy, getting them right was hard. Zhao was responding in answer to another user who pointed out that a person who predicted that Bitcoin would hit $16,000 by the end of October was wrong. –@CZ_BINANCE/TWITTER       6. So-called creator of Bitcoin Craig Wright has said that he doesn't have the money to pay a $4.5 million settlement case with the late David Kleinman. A case that has been going on since 2008 was, apparently, coming to an end, after the Kleinman estate seized active litigation and focused on the settlement. However, it appears that Wright has broken the settlement agreement with no warning to the plaintiff. Kleinman, a former business partner of Wright's, is entitled to half of the Bitcoins that Wright mined through 2013. This would amount to 410,000. However, Wright previously claimed he didn't know where they all were and didn't have access to them. –COINTELEGRAPH       7. Blockchain network Tron has exceeded four million accounts following a partnership with Samsung. According to a tweet published today, monitoring service TRONSCAN stated that Tron's network now has 4.015 million accounts. Justin Sun, CEO of Tron, has spent time boosting the Tron network, which saw Samsung adding Tron support to its decentralized app store at the end of October. –@justinsuntron       8. The U.K.'s tax authority, the HMRC, has updated its crypto taxation guidance, stating that assets such as Bitcoin are neither currency or securities. According to the agency's guidance, it mostly exempts these cryptocurrencies from stamp taxes; however, tokens used in debt transactions are still subject to it. HMRC also requires companies to keep a record of crypto transactions in pound sterling and the amount on each token. –THE BLOCK CRYPTO       9. China has launched a blockchain-based ID system for smart cities. The aim is to better connect the cities with sharing data. By 2020, China is hoping to have 100 smart cities. China first started its smart city development in 2012. The announcement comes at a time when China's President, Xi Jinping, called on the country to "seize the opportunity" with adopting the blockchain last week. –GLOBAL TIMES       10. DX.Exchange, a crypto and tokenized securities trading platform, is "temporarily" closing its doors nine months after launching, citing costs as the reason.  The platform stated that it was searching for a merger or outright sale of the company. It noted that providing the level of security, support, and technology was not "economically feasible" on its own. It's not allowing any more deposits and trading will be suspended. Withdrawals requests must be submitted by November 15. –DX.EXCHANGE       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.         Ad For those who dream of a one-card wallet. Learn more here.

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