Banks process $2M in crypto / Blockchain for migrant workers / Request to exhume QuadrigaCX founder

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Presented by Subscribe | View in browser Market Watch: Monday trading remains much unchanged from last week, with Bitcoin still valued above $7,000. Will it be able to attain higher ground before the end of the year? Bitcoin: $7,133 (⬆️ 0.05%) // $129.1 billion market cap. Ethereum: $142 (⬇️ 0.77%) // $15.4 billion market cap. XRP: $0.214 (⬇️ 1.70%) // $9.2 billion market cap. Tether: $1.01 (⬆️ 0.36%) // $4.1 billion market cap. Top 100 Winner: MINDOL: $4.78 (⬆️ 22.81% ) // $742 million market cap. Top 100 Loser: EDUCare: $0.082 (⬇️ 9.80%) // $82 million market cap. Prices are as of 2:30 p.m. ET.       1. Large banks may be processing up to $2 billion in unknown crypto-related transfers each year. That's according to blockchain intelligence firm CipherTrace. It claims that the U.S.'s top 10 commercial banks have unregistered cryptocurrency companies using their payment networks to process funds. These are known as cryptocurrency money services businesses (MSBs), which are required to be identified by banks under the Bank Secrecy Act; however, CipherTrace states that many of these establishments are ill-equipped to identify crypto platforms and virtual asset service providers as MSBs. –COINTELEGRAPH       2. Blockchain financial services firm Diginex and the UN-led International Organization for Migration (IOM) have launched a blockchain tool designed to stop the exploitation of migrant workers in Hong Kong. According to an announcement, the tool, called the International Recruitment Integrity System Self-Assessment for Ethical Recruitment (IRIS-SAFER), has been created to be used by around 1,500 migrant domestic worker recruitment agencies in Hong Kong and other associated agencies in worker-sender countries. It's hoped that this will boost transparency and visibility to the nation's nearly 390,000 migrant workers. –DIGINEX       A MESSAGE FROM DIGITAL OCEAN A partner program that wants to reward its partners by bringing powerful cloud to SMBs. Partner with DigitalOcean as a Cloud Reseller or MSP. Managing your customers' infrastructure has never been more simple & affordable. Join today! Sign Up 3. Lawyers representing users of bankrupt crypto platform QuadrigaCX have asked authorities in Canada to exhume the body of its founder, Gerald Cotton because of "questionable circumstances" surrounding his death. Cotton, who was the only person who had passwords to digital wallets on the exchange containing $137 million in cryptocurrencies, died in India last year from Crohn's disease. Rumors have since circulated that Cotton faked his own death and fled with the funds; however, no evidence has been found to confirm this. Now, though, lawyers representing the platform's users have sent a letter to the Royal Canadian Mounted Police seeking a post-mortem autopsy "to confirm both its identity and the cause of death." Cotton's widow, Jennifer Robertson, said she "is heartbroken to learn of this request." –BBC       4. Yousif Mohammed Nor Aldeen, a 16-year-old Syrian refugee in Iraq's Arbat refugee camp, is teaching others about cryptocurrency. Aldeen, who owns a small amount of ether, which he earned through a local education program run by local nonprofit Hello Future, likes the fact that money can be earned and spent through "dispersed social networks." In his opinion, people should learn all they can about the Internet, their phones, and their laptops. "We are in an advanced world and we should learn," he added. –COIN DESK       5. Crypto platform Coincheck is to halt leveraged trading on Friday, March 13, 2020, according to a blog post. Published today, Coincheck has stated that traders with open positions must settle by this date and balance transfers should be completed by the end of the month. It went on to note that it has already stopped users from creating new leveraged positions. –COINCHECK       6. Online crypto gaming platform ChopCoin and mining pool Simplecoin have announced that they are shutting down in less than a month. According to a notice on their website, they have cited the European Union's upcoming Anti-Money Laundering Directive that requires companies to adopt Know-Your-Customer (KYC) rule as the reason behind the move. –COINTELEGRAPH       7. Yang Zuoxing, a former chip designer for mining hardware provider Bitmain, has reportedly been arrested on suspicion of embezzlement. According to the report, Zuoxing was arrested at the end of October concerning a legal dispute with his former employer. Zuoxing worked for Bitmain until June 2016, where he helped to create the company's flagship Antminer S7 and S9 models. –BLOOMBERG       8. China's smart counts are using artificial intelligence (AI) and the blockchain to help decide on millions of legal cases. According to a Chinese news agency, more than 3.1 million Chinese litigation activities from March to October 2019 have been settled through AI and blockchain-powered smart internet courts. –XINHUANET       9. A survey from IT service management company Gartner has found that 75 percent of Internet of Things (IoT) technology adopters in the U.S. have already adopted the blockchain or are planning to adopt it by the end of 2020 out of 500 companies. According to Avivah Litan, an IT industry analyst at Gartner, of the 75 percent blockchain adopters, 86 percent are adopting both the IoT and blockchain in a number of projects already. –COIN DESK       10. Hardware manufacturer AMD has entered into the blockchain gaming space. It has joined the Blockchain Game Alliance and partnered with blockchain-based gaming marketplaces Robot Cache and Ultra. AMD plans to provide industry partners with "high-performance computing technologies," which could "potentially transform the way games are created, published, purchased and played." –THE BLOCK       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 Migration support and credits to make moving infrastructure over a breeze!

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