Nordea wins crypto ban / British Virgin Islands develops stablecoin / Bakkt Bitcoin futures up 42%

Inside Bitcoin presented by IBM Watson.

Presented by Subscribe | View in browser Market Watch: Industry prices have made marginal improvements during today's trading. Bitcoin: $7,355 (⬆️ 0.83%) // $132.9 billion market cap. Ethereum: $148 (⬆️ 0.59%) // $16.2 billion market cap. XRP: $0.220 (⬆️ 0.78%) // $9.5 billion market cap. Tether: $1.00 (⬆️ 0.50%) // $4.1 billion market cap. Top 100 Winner: Synthetix Network Token: $1.37 (⬆️ 21.91%) // $202 million market cap. Top 100 Loser: DxChain Token: $0.0007 (⬇️ 15.92%) // $39 million market cap. Prices are as of 1:00 p.m. ET.       1. A Danish court has ruled that Nordea, a Scandinavian financial services company, can ban its employees from owning crypto such as Bitcoin. According to a report, the court justified its decision on the basis that there are purported risks linked to cryptocurrencies. Denmark's union for financial services had filed a suit against Nordea, claiming that the move interfered with the personal lives of its employees. In a January 2018 memo, the bank stated to its staff that "the risks were too high" because the market isn't regulated and because of its links to criminal activities. Nordea went on to say that such an action by its employees might damage the bank's reputation. –BNN BLOOMBERG       2. The British Virgin Islands has announced that it is developing a stablecoin in partnership with blockchain startup LifeLabs. Known as the BVI~LIFE coin, it will be pegged 1:1 to the U.S. dollar. The aim is to help boost the local fintech sector as well as improve transactional speeds and reduce fees. Sanjay Jadhav, LIFELabs.io CEO, said that "the foundation of a digital currency is necessary groundwork for the British Virgin Islands to continue to serve the global economy." –COINTELEGRAPH       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! 3. Bakkt Bitcoin futures increased by 42 percent yesterday and is up by more than 600 percent in the last two weeks. According to a report, open trading interest has increased from $1 million to an all-time high of over $6.5 million. Bakkt Volume Bot, a Twitter account that is dedicated to reporting Bakkt trading volume, noted earlier today that the number of traded contracts totaled 2,328 amounting to $17.02 million, which is down 26 percent. –DECRYPT       4. China's Great Firewall has, reportedly, blocked etherscan.io, one of the most widely used Ethereum block explorers. According to Greatfire.org, which monitors and compiles sites that have been blocked by the Chinese government, etherscan.io was still accessible with "no censorship detected" as of August 18. It appears that the site was blocked around October 30. Matthew Graham, CEO of blockchain investment firm Sino Global Capital, stated that this is another example of "friction between the decentralized and immutable technology of blockchain and the tightly controlled, centralized government of China." –COIN DESK       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. Tribe, the Singaporean government-backed blockchain platform, has helped raise $15.7 million for businesses that take part in its ecosystem. According to a press release, the platform has raised a total of $28 million, which will be used to support startups worldwide who are working on tackling real-world problems with the blockchain. Tribe launched last December and has received backing from the likes of BMW Group Asia, Intel, and PwC, among others. –COINTELEGRAPH       6. Italian professional soccer club Juventus has announced that it has released its own blockchain token enabling fans to take part in voting. Juventus' branded token is available on Socios.com, a tokenized fan-voting platform aimed at sports, and comes after a year's development. The token costs $2.22; however, a limited supply of free tokens will be available on Token Hunt, an augmented reality feature on the Socios.com app. Those who hold the tokens will be able to vote on club-related decisions. –JUVENTUS       7. Crypto exchange Binance has acquired DappReview, a decentralized app (DApp) information startup to further the adoption of the blockchain. As per the announcement, DappReview provides dapp information, user insights, and data analytics for more than 3,900 DApps. Since its founding in 2018, it has attracted more than 300,000 monthly active users from 120 countries. According to Binance CFO Wei Zhou, "on-chain applications are still the missing piece for mass blockchain adoption," however, it's hoped that the acquisition will help to boost DappReview's resources so that it can accelerate its business growth. –BINANCE       8. Former U.S. Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo will continue focusing on innovative areas such as cryptocurrencies and the blockchain in his new role at New York-based law firm Willkie Farr & Gallagher. Known as Crypto Dad, Giancarlo said that he will continue to advocate for the creation of a U.S. digital dollar as well as a new lending benchmark to replace Libor. –REUTERS       9. Huobi China, the Chinese branch of Huobi Group, has said that it has joined a state-backed blockchain alliance, known as the Blockchain-Based Services Network (BSN) Development Alliance. Led by the State Information Center (SIC), the network is hoping to provide infrastructure services for companies that use the blockchain. –COIN DESK       10. A report reveals the amount of crypto fraud totaled $4.4 billion during Q3 2019. The report, by crypto and blockchain intelligence firm CipherTrace, noted that 65 percent of the top 120 crypto exchanges have weak know-your-customer (KYC) procedures in place. This is compared to 35 percent, which has strong KYC policies. The $4.4 billion is also an increase in number from the $1.7 billion seen last year. –PYMNTS       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 You're invited to the AI & The Future of Work Virtual Summit on 12/4. Save your spot today! You're invited to the AI & The Future of Work Virtual Summit on 12/4. Save your spot today!

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.