UK taskforce publishes crypto statement / German airlines blockchain tickets / Neil Bush and OneCoin

Inside Bitcoin presented by MongoDB.

Presented by Subscribe | View in browser Market Watch: Industry prices remain unchanged during Monday trading, with Bitcoin still below the $9,000 mark. Bitcoin: $8,533 (⬇️ 0.15%) // $154 billion market cap. Ethereum: $184 (⬆️ 0.81%) // $20 billion market cap. XRP: $0.262 (⬇️ 0.65%) // $11.3 billion market cap. Bitcoin Cash: $266 (⬇️0.06%) // $4.8 billion market cap. Top 100 Winner: DxChain Token: $0.001 (⬆️ 20.74%) // $89 million market cap. Top 100 Loser: Bytecoin: $0.0003 (⬇️ 11.07%) // $64 million market cap. Prices are as of 1:20 p.m. ET.       1. The U.K.'s Jurisdiction Taskforce of the Lawtech Delivery Panel has published a statement on cryptocurrencies, distributed ledger technology (DLT) and smart contracts. The document tries to tackle the legal uncertainties associated with the crypto market. In doing so, it recognizes that crypto assets are tradeable property whereas smart contracts are enforceable agreements. With the smart contract market projected to rise to $300 million by 2023, Jenifer Swallow, Lawtech Delivery Panel director, is of the opinion adapting regulations on these new technologies is important. –COINTELEGRAPH       2. German airline Hahn Air has announced today that it has issued the first blockchain-based airline tickets, in partnership with Winding Tree, an open-source travel distribution platform. The airline flew passengers from Dusseldorf to Luxembourg who were holding the airline tickets. The first blockchain passengers include Maksim Izmaylov, founder of Winding Tree, Dave Montali, CIO of Winding Tree, and Frederick Nowotny, Head of Sales Engineering at Hahn Air. According to a Hahn Air spokesman, it's important for them to "understand how can we make distribution faster." –REUTERS       A MESSAGE FROM MONGODB MongoDB Cloud Database MongoDB Atlas is the automated database as a service built by the engineers behind MongoDB. Get started free! 3. Neil Bush, one of former U.S. President George W. Bush's brother's, allegedly received $300,000 to attend a meeting that Ruja Ignatova, the co-founder of ​​OneCoin, was present at, according to transcripts. According to court documents, Neil has been interviewed by the government on two separate occasions related to the OneCoin case. OneCoin is a well-known alleged exit scam that, reportedly, raised $4.4 billion in a Ponzi scheme. In October, Konstantin Ignatov, the brother of the "Cryptoqueen," signed a guilty plea and faces up to 90 years in prison. –FINANCE MAGNATES       4. China's People's Liberation Army (PLA) is considering a blockchain rewards system. However, rather than delivering financial rewards, soldiers may be offered non-financial incentives that could be put toward rewards within the scheme. The system would also be implemented to manage personal data such as military training, career path, the missions undertaken, and performance reports. According to a person familiar with the PLA, a distinction between the blockchain system and the current rewards system is the security a blockchain-based one can provide. –GLOBAL TIMES       A MESSAGE FROM LEMONADE Lemonade is redefining insurance for urban dwellers, taking a flat fee and giving unclaimed funds to charity. Lemonade is an insurance company that breaks the mold and redefines the home and renters insurance model, using technology for total transparency. Policies start as low as $5. 5. A global survey has found that Turkey is leading the world in crypto adoption. According to Statistica's Global Consumer Survey for 2019, 20 percent of Turkish residents know of or have been exposed to crypto assets, which is the highest figure for any country. The survey comes as Turkey's President Recep Tayyip Erdoğan said earlier this month that the government should finish testing the national central bank digital currency (CDBC) in 2020. –ASIA TIMES       6. U.S. Democratic 2020 presidential candidate Andrew Yang has outlined how he intends to regulate the crypto industry at a national level. In a blog post, Yang said that fraud is due to a lack of adequate regulations. In his opinion, other countries are ahead of the U.S. on regulation, which is forcing the U.S. to play catch up. –THE BLOCK       7. Venezuelan President Nicholas Maduro has said that the nation's retirees and pensioners will be paid a Christmas bonus in the national cryptocurrency Petro. This marks the second time that the country has pushed the crypto asset into the wallets of pensioners. Last December, it was reported that pensioners' monthly bonus had initially been paid in fiat, but was automatically withdrawn and converted into Petro. –@VENEPRESS       8. Bobby Lee, co-founder of crypto exchange BTCC and CEO of crypto wallet Ballet Crypto, tweeted that supporting SegWit2x, the failed 2017 hard fork from Bitcoin, was "extremely dangerous and irresponsible." Lee admitted that it was wrong to push for the contentious hard fork when there wasn't replay protection, particularly when there was no consensus. SegWit2x, which intended to increase Bitcoin's network capacity by doubling its block size to two megabytes, is now long-dead. –@BOBBYCLEE       9. The number of Bitcoin ATMs installed worldwide has passed the 6,000 mark, according to online resource CoinATMRadar. According to the website, there are now 6,003 of these machines in place around the world. America holds the most at 4,127, followed by Canada with 729, and the United Kingdom with 295. Over the last seven days, data shows that 9.3 ATMs were installed each day. –COINTELEGRAPH       10. The U.S. Internal Revenue Service (IRS) is looking into potential tax issues created by Bitcoin ATMs and cryptocurrency kiosks. IRS Criminal Investigation Chief John Fort is working with law enforcement partners to tackle illicit activity with the technology. In particular, they are interested in people that use machines that enable them to put cash in and get Bitcoin out, as well as the source of the funds, and the operators of the kiosk. –BLOOMBERG LAW       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 MongoDB Atlas is the automated database as a service built by the engineers behind MongoDB. Get started free!

We're Hiring! Learn more. | Sponsorship opportunities Copyright © 2019 Inside.com, All rights reserved. Our mailing address is: Inside.com 767 Bryant St. #203 San Francisco, CA 94107 Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.