Monday, November 18, 2019

Congressman shares massive crypto story on Nov. 20

Dear Reader,

If you didn't buy bitcoin for 5 cents back in 2010…

Then get ready for November 20th. A three-time candidate for President of the United States will join our friends at Stansberry Research and make a major announcement at 8pm ET. 

In short: A 12-term U.S. Congressman will be sharing a massive crypto story for 2020. And why it could hand you the biggest investment gain of your life… on a tiny crypto trading for less than a cup of coffee.

In this exclusive event, you'll hear about a single new investment that could soon be on the tip of everyone's tongue…

Not bitcoin… Libra… or anything you've ever heard of before.

It's a radical new crypto that could soon disrupt the biggest companies in America, and transform the way you shop, eat, interact online, and more.

To give you the full story, Stansberry's guest Congressman will sit down with a crypto legend who's made 21 times his money in 4 months on Substratum… 14 times his money in 7 months on Litecoin… and dozens more…

They'll brief you on a world-changing new phase in the crypto space that could change the way you think of bitcoin and how you do business, forever.

You can't afford to miss this event…


Click here to learn more.


Regards,

The CoinSnacks Team
CoinSnacks | 5500 Military Trail Suite 22-250 | Jupiter, Florida | 33458

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November 18, 2019
WATCHDOG ACTION: Germany’s Financial Supervisory Authority said Monday it had issued a cease-and-desist order against Karatbit Foundation – issuer of a purportedly gold-backed cryptocurrency called KaratGold Coin – on Oct. 21 for releasing the token without a license in the country. South Africa’s financial watchdog also warned consumers to avoid investments offered by the firm. Full story

MILITARY LINK: Hyperledger, the open-source blockchain alliance backed by the Linux Foundation, has green-lit a Beijing-based firm that serves the Chinese army to join its new certification program. Full story

AGGREGATOR THREAT? Visa's research wing published a paper describing a blockchain. LucidiTEE would allow banks and fintech applications to share data without relying on intermediary data aggregators – potentially posing a threat to the business models of firms like Plaid, Envestnet, and Finicity. Full story

LIBRA LESSONS: Bitspark is one of a few operational token projects that launched with the same intent as Facebook's Libra: to offer financial services to the unbanked. Here is how it has fared since a 2017 ICO. Full story

FRIENDLY OPTION: U.K.-based Cashaa will offer bank accounts for stateside crypto firms – unlike many of its mainstream competitors. Account applications open Nov. 25, with Cashaa saying they offer full banking features with access to SWIFT and ACH globally. Full story

LET'S TALK BITCOIN! This week marks the debut of the CoinDesk Podcast Network. Every Sunday, hosts of the Let's Talk Bitcoin! show will catch up on the biggest news of the week and hash out potential solutions crypto's unending debates. Listen here

ELECTRONIC EURO: A former Deutsche Bank economist has proposed a stablecoin solution to Europe’s economic woes. In a Financial Times op-ed, Thomas Mayer argues the Euro is strained by the diverging economies that comprise the eurozone. Instead of heading into a collapse, financial authorities could pivot towards a digitized euro backed by government bonds. This stablecoin “would not only be stronger but could compete... to become a global reserve currency,” Mayer said.

WHO WON #CRYPTOTWITTER
 

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

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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

German airline Hahn Air issues blockchain tickets
     
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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

     
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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.

 

     
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