"Smart money" / Binance looks to Beijing / BitMEX Twitter hacked

Inside Bitcoin presented by DataStax.

Presented by Subscribe | View in browser Market Watch: Industry prices remain relatively stable during Friday trading. Bitcoin is floating above the $9,000 mark to end the working week on a positive note following its dip last week. Bitcoin: $9,173 (⬇️ 0.91%) // $165.3 billion market cap. Ethereum: $181 (⬇️ 1.28%) // $19.6 billion market cap. XRP: $0.298 (⬇️ 1.77%) // $12.5 billion market cap. Bitcoin Cash: $275 (2.71%) // $4.9 billion market cap. Top 100 Winner: Lambda: $0.062 (⬆️ 33.10%) // $47 million market cap. Top 100 Loser: Molecular Future: $0.992 (⬇️ 8.44%) // $41 million market cap. Prices are as of 4 p.m. EDT.       1. Statistician Willy Woo has said that "smart money" entered the crypto market following the rejection of the Bitcoin exchange-traded fund (ETF) filed by the Winklevoss twins. According to Woo, bitcoin was first described as a "financial instrument instead of drug money" in 2017, when Cameron and Tyler Winklevoss made their first ETF submission. To support this, Woo posted a chart on social media that shows a new phase to Bitcoin's volatility started in March 2017. In Woo's opinion, denial of the Bitcoin ETF was the beginning of a reduction in the crypto asset's volatility. –@woonomic       2. Crypto exchange Binance is, reportedly, planning a new office in Beijing, according to sources familiar with the news. Binance, who moved its headquarters to Malta from China in September 2017 following the government's ban on crypto assets, has an office in Shanghai. It's not known when the office will open, but the announcement comes at a time when China's President Xi Jinping has called on for the nation to "seize the opportunity" with adopting the blockchain. It also comes amid thawing relations between the crypto industry and China. In September, it was reported that Binance was making its first investment in China since 2017. –COIN DESK       A MESSAGE FROM DATASTAX Scale Out, Don't Stress Out. Ensure your Database is Holiday-Ready. The holiday rush is about to begin—and in 2019, it's expected to be the biggest spending season ever. Learn more about why holiday sales success starts with your underlying database.  Read the holiday database report.   3. Follow Friday: Melanie Mohr Mohr is based in Berlin, Germany and has 20 years' experience in media, marketing, and mobile technology. In 2016, she founded YEAY, a community of Generation Z who share their recommendations via video regarding the lifestyle products they like. In 2018, she became the founder and CEO of the WOM protocol, a blockchain-based platform that enables brands to take advantage of recommendations and to monetize on this through word-of-mouth (WOM) content. Despite only having over 400 followers on Twitter, Mohr is an avid user and often tweets posts. On October 20, she tweeted the pleasure she had taking part during an Ask Me Anything (AMA) session with TokenGazer Inc., along with Sunny Ng, CMO of Bithumb Global. In another, she highlights the social responsibility of ads, whereas in a third she questions what it means to be young in the age of the internet? Follow her if you want to learn more about what Mohr is doing with the WOM protocol and how YEAY is integrating with the platform.       4. Hackers have taken over the Twitter account of crypto exchange BitMEX, but users' funds are, reportedly, safe. Hackers managed to post two messages on Twitter before they were deleted. One said "take your BTC and run. Last day for withdrawals." Another simply said "hacked." The platform has said that while "trolls" may target their Twitter account, users' funds are safe. Earlier today, it was also reported that BitMEX had accidentally leaked user emails after failing to blind copy on a mass email. According to crypto lawyer Jake Chervinsky, the error was committed in the "outrageously incompetent way imaginable." –COINTELEGRAPH       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.   5. Mike Wasyl, managing partner at DeerCreek, a fintech firm, has said that China's public views about adopting the blockchain are going "to stir a lot of interest" and that a central bank digital currency (CBDC) is "an inevitability." In his view, if the U.S. is to take charge ahead of China, the U.S. needs to cut blockchain firms "more slack to allow some exploration." –FORTUNE       6. New York Eastern District Court Judge William F. Kuntz has ordered Reggie Middleton and his companies blockchain firm Veritaseum LLC and Veritaseum Inc., to pay $8.4 million in disgorgement. He is also liable for a civil penalty of $1 million. According to a report, Kuntz approved a motion for a consent judgment in a securities fraud case that involved several of those involved with the firm. According to a lawsuit, brought by the U.S. Securities and Exchange Commission SEC), the defendants are alleged to have raised $14.8 million in an initial coin offering (ICO) via misrepresentations and omissions about the unregistered tokens they were offering, called VERI tokens. –FINANCE FEEDS       7. The Indian state of Tamil Nadu is working on state-level policies for artificial intelligence (AI) and blockchain. According to The Times of India, the policy could be released as soon as the next 10 days. The policies will help to establish ground rules for the state government on how it can apply the technology for service delivery and solving governance issues. –THE TIMES OF INDIA       8. The 10 millionth blockchain-based invoice has been issued in the Chinese capital of Shenzhen. Over 7,600 companies have accessed Shenzhen's blockchain electronic system to date, totaling around $1 billion. The invoices have primarily been used for finance and insurance, retailing, hotel catering, and parking services in the city. –XINHUANET       9. Data analytics giant Splunk has raised $40,000 for charity after giving the 10,000 attendees at its yearly conference in Las Vegas an ethereum-based blockchain wallet. Complete with an ERC-20 token, they were used to pay for activities at the conference and donations. More than 2,000 individual donations were made to three separate non-profit organizations including NetHope and Conservation International. The biggest donation, $10,446, was given to the Global Emancipation Network, a human-trafficking awareness group. –COIN DESK       10. Ember Fund is hoping to raise $1 million via an SEC-registered securities sale. Announced today via a filing with the SEC, the sale of the Crowd SAFE token will take place through the end of January 2020. It will occur on Republic, an online startup investment platform. Ember Fund is an app-based equivalent to a crypto hedge fund that comes with an automated AI system. According to CEO Alex Wang, the funding round is small as it is aimed at "friends and family." –COIN DESK       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).

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