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October 4, 2019 ALL THAT GLITTERS: Florida financial regulators are investigating a German company that claimed to raise $100 million in a 2018 ICO, CoinDesk has learned. Karatbars International GmbH began promoting a KaratBank Coin connected to a “cryptocurrency bank” in Miami, a claim the Florida Office of Financial Regulation (OFR) is looking into. Further, Karatbars claims that the gold supposedly backing its token was mined in Madagascar. Yet CoinDesk was unable to independently verify that such a mine exists, or that Karatbars has any in the country. Full story PAYPAL OUT? One of the founding Libra Association members may be on the verge of pulling out. The Financial Times reported Thursday that payments giant PayPal is considering leaving the Facebook-led crypto project due in part to the regulatory backlash Libra has received in recent months. The FT said that PayPal representatives did not attend a Libra Association meeting on Thursday, in what may be a sign of the broader turmoil. Full story FEE HIKE FURY: Coinbase Pro, the cryptocurrency exchange’s platform for professional and institutional traders, is set to increase its fees early next week. On Oct. 7 at 22:00 UTC, Coinbase will usher in higher rates and new tiered accounts for those transacting under $10,000 and between $10,000–$50,000 monthly, according to a blog post. Coinbase said the increase is "slight" and a response “to client needs." Popular macro crypto analyst Alex Krüger pointed out, however, that a hefty 150-percent increase is coming for some low-volume accounts. “That sucks for the little guy,” said one online commentator. Full story NO APPLE COIN: Apple CEO Tim Cook said the company would not launch a cryptocurrency. In an interview with Les Echos, Cook said, “I deeply believe that money must remain in the hands of states. I am not comfortable with the idea that a private group creates a competing currency. A private company does not have to seek to gain power in this way.” The comment may be a dig at Facebook, which is developing a stablecoin payments project called Libra that has been under fire from regulators worldwide over its potential risk to financial stability and monetary policies. Full story BEARS CLAW BACK: Bitcoin quickly recovered from sub-$8,000 levels seen in the Asian trading hours, validating the seller exhaustion signaled by the widely tracked MACD histogram. Looking forward, a falling channel on the hourly chart may end with a bullish breakout, potentially fueling a rally to $8,800. On the way higher, BTC could encounter resistance at $8,500 (200-day average). Full story BON MOCK: John McAfee has a new venture that he is scandalously promoting on Twitter: "I've been hit-and-miss in the Crypto Community for the past few months, but I've been doing the Lord's work,” Business Insider reports. The online-first financial press also reports McAfee’s marketing campaign comes at the expense of Tron CEO Justin Sun. McAfee followed his announcement with a photo of Sun in a “Tron: Legacy” suit tagged with the phrase “Announcing the Announcement.” The project, which has been in production for a year, according to McAfee, will officially be announced Monday.  WHO WON #CRYPTOTWITTER   Copyright © 2019 CoinDesk, All rights reserved.  Our mailing address is:  250 Park Avenue South New York, NY, 10003, US  Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Coinbase UK restarts services / Apple won't create coin / FSC wants Zuckerberg to testify

Inside Bitcoin presented by Vettery.

Presented by Subscribe | View in browser Market Watch: After a bearish week to market prices, Bitcoin has failed to recover during trading Friday morning. This week also signals the first time that Bitcoin dropped below the exponential moving average over the last 200 days, also known as EMA 200. Bitcoin: $8,186 (⬇️ 1.10%) // $147.1 billion market cap. Ethereum: $175 (⬇️ 1.19%) // $18.9 billion market cap. XRP: $0.251 (⬆️ 1.31%) // $10.8 billion market cap. Tether: $1.01 (⬆️ 0.03%) // $4.1 billion market cap. Bitcoin Cash: $223 (⬇️ 0.23%) // $4.02 billion market cap. Top 100 Winner: Centrality: $0.102 (⬆️ 112.19%) // $83 million market cap. Top 100 Loser: Bytecoin: $0.0004 (⬇️ 8.70%) // $75 million market cap. Prices are as of 10:52 a.m. EDT.       1. Coinbase UK has restarted GBP withdrawals and deposits following an unexpected banking service cut from Barclays in August. However, Coinbase has not said which bank it is working with now. At the time, sources familiar with the situation said that Barclays was no longer providing banking services to the platform, bringing to end a relationship that had started in March last year. Considering the difficulty of getting large banks to deal with firms that handle crypto coins, this was a significant blow for Coinbase. Now, though, it seems to be back on track. As part of the platform's update, it's also adding support for five new crypto assets: BAT, ZRX, REP, XLM, and XRP. –COINBASE BLOG       2. Apple won't be following in the footsteps of Facebook by creating its own cryptocurrency. When questioned as to whether Apple would create its own coin, CEO Tim Cook simply said no. In his opinion, he's not "comfortable" with the idea and believes that the creation of money should remain in the hands of the state. He went on to say that a private company doesn't have to seek to gain power in this way. His remarks are in stark contrast to Facebook's plans with its proposed Libra stablecoin, which is facing tough hurdles with several of its founding members and global regulators over the use of user data. –LES ECHOS       A MESSAGE FROM VETTERY Keep your recruiting strategy competitive with Vettery's 2019 Tech Salary Report We aim to make the recruiting process more transparent for job-seekers and hiring managers, across the board. And we noticed there's one thing people can't stop talking about: salary. We believe that when all parties are on equal footing, everyone is poised to have a better hiring experience. Get the report 3. Follow Friday: Yele Bademosi At the beginning of 2019, Bademosi became the director of Binance Labs. Located in Lagos, Nigeria, Bademosi's goal is to develop the blockchain ecosystem in Africa, in addition to sourcing blockchain projects. According to Bademosi, the adoption of the blockchain will come from frontier markets that will help to push existing financial systems, as well as governance and economic models. He is also the founder of venture capital firm Microtraction, a company that invests in African technology companies at the earliest stages of their venture. Some of the organizations it has invested in include Bitkoin Africa and BuyCoins Africa. Microtraction is backed by African and global investors such as Michael Seibel, CEO of Y Combinator, and Pave Investments, an African multifamily office. Bademosi's tweets can range from announcing the latest partner at Microtraction, helping to promote an author's Bitcoin book, or reaching out with questions to his followers.       4. The U.S. House Financial Services Committee has asked Facebook CEO Mark Zuckerberg to testify before the committee about Libra before January 2020. The request for Zuckerberg's presence was part of an invitation to Sheryl Sandberg, Facebook's COO, to testify at the end of October regarding the organization's plans to roll out its Libra stablecoin. Should the testimony take place, it's reported that Sandberg will also be questioned on the company's advertising practices. She would also be the second Facebook executive to stand before the committee. In July, David Marcus, Libra co-creator, testified in front of the U.S. House and Senate panels. Rep. Maxine Waters (D-Calif.), who chairs the financial services committee, has been vocal in her criticism of Libra, calling on Facebook to halt its plans until it can deliver more clarity on what it intends to do. –THE INFORMATION       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! 5. Police in India are unable to cash out seized cryptocurrency due to the country's anti-crypto law. According to the police of Pune, the cryptocurrency, worth around $1.2 million, was blocked in the bank account of Discidium Internet Labs Private Limited, a company the police had hired to convert the assets into rupees. However, the Central Bank of India was unable to transfer the funds to the State Bank of India's treasury branch in Pune because the account was frozen by the Reserve Bank of India (RBI). –TIMES OF INDIA       6. Web browser Brave has proposed a decentralized crypto Virtual Private Network (VPN), called VPN⁰, which would enable users to mask their identities online. Through a private network, traffic is redirected, which isn't seen by service providers. This means that users could search for things online without incriminating themselves. Brave's VPN would differ from other VPN's because users in the network can determine the content they are willing to show. Client's can then search users' content that matches their needs. This is compared to other VPN's, which require users to host unsavory content. A tipping system will also be introduced to reward VPN users on their quality and availability. –DECRYPT       7. PayPal reportedly failed to attend a Libra meeting in Washington yesterday, which was focused on addressing growing opposition for Facebook's proposed stablecoin. This is the latest company to waver over its commitment to Libra. In recent weeks, Mastercard, Visa, and Stripe have reconsidered their involvement due to increased regulatory scrutiny. Later this month, however, the 28 founding members are expected to meet in Switzerland to reaffirm their commitment to the project. –FINANCIAL TIMES       8. Verisart, which uses blockchain to certify fine art and collectibles, has raised $2.5 million in seed financing in a round led by Galaxy Digital EOS VC Fund. Robert Norton, co-founder and CEO, said that the money will go toward expanding the company in the art world and boosting partner integrations. With the art world realizing the benefits that the blockchain can deliver, Norton said, Verisart is hoping to provide the services needed. –TECH CRUNCH       9. Venture capital firm Andreessen Horowitz has announced the launch of a crypto startup school. The school, which will be free of charge, would help entrepreneurs apply best industry practices when developing cryptocurrency projects, according to Chris Dixon, a general partner at the company. –THE BLOCK       10. New data shows that in 2019, some 72,000 devices were infected by a crypto-stealing malware bot that cost $160. Prevailion, a cyberintelligence company, said that despite the low cost, the malware has been successful, targeting 2,000 devices a week since December. The MasterMana bot used budget Russian malware, which was delivered as a Trojan via a phishing email scam. –COINTELEGRAPH       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. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Vettery is changing the way people hire and get hired. Get in touch. MongoDB Atlas is the automated database as a service built by the engineers behind MongoDB. Get started free!

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