Sanctions evasion?

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December 3, 2019 TRIAL COMING: A judge has ruled that the U.S. Department of Justice has enough evidence to bring a case against ethereum developer Virgil Griffith. Griffith was arrested on charges of conspiracy to assist North Korea evade sanctions, when delivering a presentation on cryptocurrency. Meanwhile, an Italian citizen who attended the cryptocurrency conference at which Griffith spoke says the charges against the developer are overblown. Full stories here and here SNAPPED UP: Binance has acquired DappReview, an evaluation platform that offers data-driven research and advertising services to decentralized applications (dapps). The acquisition of the Beijing-based firm will help the world's leading exchange by volume develop its existing dapps, said Viktor Radchenko, founder at Binance's Trust Wallet. Full story ZCHAT? Canadian nonprofit Open Privacy is working on a zcash-fueled messaging app called Cwtch with more decentralization than Telegram or Signal. A donation from the Zcash Foundation of roughly $40,000 will fund research on the payment aspects of the system and hire a designer. Full story ‘DAD’ MOVES ON: Former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo is joining the Willkie Farr & Gallagher law firm as senior counsel. Known to most of the cryptocurrency world as "Crypto Dad," Giancarlo will work on public policy positions, including advocating for the creation of a blockchain-based digital dollar, in addition to his work with the law firm's clients. Full story BLOCKCHAIN BLOCKADE: China's “Great Firewall,” used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of ethereum blockchain data. As of Tuesday, etherscan.io, one of the longest-running and most widely used ethereum block explorers, was inaccessible from IP addresses inside mainland China, based on tests performed locally. Full story CROSS COMING: Bitcoin’s 50- and 100-week moving averages look set to produce a bullish crossover next week. Back in 2016, the same cross marked the start of a long-term bull market, though we’ll have to wait and see if history will repeat itself. More immediately, prices look likely to rise to key trendline resistance at $7,600. A break above that would expose the recent high of $7,870. Full story WALLET MOVE: Following an intrusion of South Korea-based Upbit that drained $51 million worth of ether from customer accounts, 10,000 of the ill-gotten ETH ($1.5 million) are on the move to an unknown wallet. CoinDesk’s Adam Levine and Brad Keoun follow up on the story in today’s Market Update podcast. Listen here 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

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

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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!

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