China's "controllable anonymity" / "No point" in CBDC's / Tunisia denies e-dinar report

Inside Bitcoin presented by IBM Watson.

Presented by Subscribe | View in browser Market Watch: Industry prices remain relatively unchanged during Tuesday trading. Lesser-known altcoin DxChain Token, which was a big mover yesterday, has dropped significantly in value today. Bitcoin: $8,756 (⬆️ 0.00%) // $158.6 billion market cap. Ethereum: $185 (⬇️ 0.30%) // $20.2 billion market cap. XRP: $0.271 (⬇️ 0.42%) // $11.9 billion market cap. Bitcoin Cash: $287 (⬆️ 0.81%) // $5.2 billion market cap. Top 100 Winner: VeChain: $0.006 (⬆️ 17.31%) // $361 million market cap. Top 100 Loser: DxChain Token: $0.001 (⬇️ 30.43%) // $88 million market cap. Prices are as of 1:50 p.m. ET.       1. A senior central bank official at the People's Bank of China (PBoC) said that the bank's proposed central bank digital currency (CBDC) is not another way for the bank to control individuals' data. According to Mu Changchun, head of the PBoC's digital currency research institute, the bank will balance privacy concerns with the authorities' need for information. Speaking at a conference in Singapore, Changchun argued there will be a balance between "controllable anonymity," anti-money laundering, and counter-terrorist financing. These remarks follow after the founding managing partner of HCM Capital, Jack Lee, said yesterday that China's CBDC will launch in the next two to three months. –REUTERS       2. Alan Greenspan, the former chair of the U.S Federal Reserve, says there is "no point" in central banks issuing their own digital currencies. Speaking today at the yearly economic outlook conference hosted by Chinese finance magazine Caijing, Greenspan said that fiat currencies are backed by sovereign credit - a provision that is backed by the financial resources of the state - which no other organization can offer. Turning his attention to Facebook and its proposed Libra stablecoin, Greenspan pointed out the sovereign credit of the U.S. "is far in excess of anything Facebook can imagine." Countries reportedly ready to launch their own central bank digital currencies include China, Tunisia, and Turkey. –CNBC       A MESSAGE FROM FASTLY Extend the power of your core cloud to the edge with our API-first platform. Bring your innovative ideas to life, faster. Our edge cloud platform moves data and applications closer to users, at the network edge — so you can deliver fast, secure, and scalable online experiences. Take it for a spin and test up to $50 traffic, free. 3. Tunisia's central bank has denied reports that it is developing a central bank digital currency. The Central Bank of Tunisia released an announcement stating that it "refutes all these allegations and unfounded information." While the central bank says it is studying "existing alternatives" such as a central bank digital currency (CBDC), "this alternative is still in the phase of reflection," it adds. Last week, it was reported that Tunisia's central bank was the first to release a digital currency, the e-dinar. –COINTELEGRAPH       4. The Royal Bank of Canada (RBC) is, reportedly, considering launching a cryptocurrency exchange, making it the first to do so. The news is notable because the RBC had previously prohibited its clients from purchasing Bitcoin. Last year, the RBC issued a notice stating that it wouldn't be allowing the use of credit cards for transactions involving cryptocurrency. Now, it seems that the Canadian bank is thinking of letting the exchange work for investments, as well as permitting clients to make purchases online and in-store. The bank is also looking into allowing customers to open up bank accounts with cryptocurrency. –THE LOGIC       A MESSAGE FROM IBM WATSON AI & The Future of Work: Virtual Summit, 12/4 at 1:00pm You're cordially invited to join us at the upcoming, AI & The Future of Work Virtual Summit on Wednesday, December 4 at 1:00pm. You'll hear the Executive Director of R&D from The New York Times, IBM Watson clients and executives, as they discuss the role AI is playing in re-envisioning work - from risk and compliance to customer experience to AI workflows. Save your spot today! 5. Cryptocurrency wallet and investment service Abra is adding 60 cryptocurrencies to its platform as it expands its U.S. offerings. The total number of crypto assets on offer is now over 200. Announced today, U.S. customers can deposit, withdraw or trade among the many coins it offers. Not only that, but customer withdrawal and deposit amounts will rise to $4,000 per day, $8,000 per week, and $16,000 per month. –COIN DESK       6. Police in the Netherlands have arrested the founder of blockchain game development startup Komodore64, Sam Narain, after he allegedly raised $86 million from investors. The startup, which launched in June, was pitched as being a gaming platform where transactions were tracked on the blockchain; however, it appears that Komodore64 was a fraudulent scheme that deceived investors out of their money. It's reported that the founder managed to get people to part with their money after claiming that Goldman Sachs had invested in it. –SPROUT       7. A Dutch court has ruled that Facebook must remove Bitcoin-related fraudulent investment ads following a lawsuit against the company. In June, billionaire and television producer John de Mol started court proceedings against Facebook after it failed to remove ads relating to a scam that misused his and others' images. As a result, $1.8 million was lost to the scam. Following the lawsuit, the Dutch court ordered that the social media platform must remove the ads and provide information on those behind them. If it fails, Facebook could be fined up to $1.2 million. –REUTERS       8. A 38-year-old man from Australia has been arrested after allegedly conducting unregistered crypto transactions. According to the Victoria police department, the unnamed man was arrested at his home in the town of Cairnlea. He is accused of violating the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 for providing an unregistered crypto exchange service. He was also in violation of the Criminal Code Act 1995 for handling property that was suspected of being proceeds of crime. –COINTELEGRAPH       9. Unilever, O2 and Sky are among some of the names that have joined Jicwebs' blockchain pilot, which is designed to improve ad transparency. Jicwebs, which stands for Joint Industry Committee for Web Standards, initially announced its blockchain program in May. It's hoped that the blockchain can help in bolstering transparency in the sector while increasing operational efficiency, particularly regarding how money is spent across the supply chain. –CAMPAIGN       10. Ho Chi Minh City, a city in Vietnam, is to develop blockchain regulations for smart cities. The announcement was made at the sixth annual international conference of Saigon High-Tech Park. At the same event, South Korea's CBA Ventures signed a memorandum of understanding (MoU) with SHTP, an incubator for high technology companies, to help promote the research of the blockchain. –VIETNAM NEWS       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. Edited by Inside Dev and Inside Deals Editor Sheena Vasani.       Ad You're invited to the AI & The Future of Work Virtual Summit on 12/4. Save your spot today!

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