Leaving Libra

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January 21, 2019 VODAFONE'S EXIT: Vodafone is the eighth company to pull out of the Libra Association, the governing council for the Facebook-created global digital currency initiative. The telecommunications giant will now dedicate resources set aside for Libra to M-Pesa, an African digital payment service. Full story CBDC STUDY: Six central banks including Sweden, Canada, Switzerland, the U.K. and Japan, as well as the European Central Bank (ECB), have formed a working group with the Bank of International Settlements (BIS) to share findings as each investigates potential cases for central bank digital currencies (CBDCs). Full story CLEAN BREAK: DigixDAO investors have voted to liquidate its $64 million treasury, after Digix CEO Kai Cheng Chng floated the idea this winter. "One recurring comment was for a mechanism for dissatisfied DGD token holders to make a clean break from DigixDAO,” he wrote in a blog post. The decentralized autonomous organization will return 0.19 ETH per DGD token to holders. Full story DIGITAL FENCE: The Reserve Bank of India (RBI) admitted to "ringfencing" financial institutions from dealing with cryptocurrencies. In an affidavit, the RBI said it has “not prohibited VCs (virtual currencies) in the country,” though it has prevented its regulated counterparties from providing “services to those persons or entities dealing in or settling VCs.” Full story CANADA CHAIN: The Canadian government awarded enterprise blockchain startup Mavennet a CD$169,427 contract to develop an on-chain steel-tracking platform. The funds will support R&D behind a blockchain prototype that will track and share real-time data across the Canadian steel industry. Full story HEADED TO DAVOS? CoinDesk is sending a team of journalists to scrutinize the global elite as it meets for the annual World Economic Forum. It will be Davos, but through a lens of crypto and blockchain. Our daily dispatches will tell you what sessions you should attend, what you missed yesterday (or last night) and prep you for what people are talking about on the Promenade today. The CoinDesk Confidential newsletter will run for five days only, so be sure to sign up now. Subscribe here FIVE FIGURES? A widely tracked bitcoin price indicator is about to flash a bullish signal for the first time in five months. The moving average convergence divergence (MACD) histogram looks set to cross above zero, raising the case for a rally to $10,000 over the next few weeks. Full story DECLINING INVESTMENTS: On today’s Markets Daily podcast, Adam B Levine and Brad Keoun break down some of the biggest news stories coming out of Asia, including a report showing Chinese investment in blockchain projects is down 41 percent from 2018 and South Korea’s decision to simplify its crypto tax policies. Listen in WHO WON #CRYPTOTWITTER   Copyright © 2020 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

Announcing! CoinDesk: FATF Travel Rule

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Announcing CoinDesk: FATF Travel Rule Join us on March 10, 2020 in Washington D.C. at the Convene at 600 14th Street to gain insight from leading experts on the coming changes to the FATF Travel Rule. In June, new Financial Action Task Force (FATF) anti-money laundering and counter-terrorist financing standards come into play.  Although these are standard operating procedures for traditional finance services businesses, this new FATF Travel Rule presents unique hurdles for cryptocurrency exchanges and businesses.  The FATF Travel Rule mandates that customer data be collected and shared during transactions. Some experts argue that blockchains are non-compliant by design.  How can exchanges and crypto businesses be prepared for this change?   REGISTER TODAY Expected Attendees Include:  Chief compliance officers from major crypto companies Legislative and Executive branch representatives Staff from Treasury & other financial regulatory and law enforcement agencies Law firms looking to help crypto companies with FATF and AML compliance Blockchain analytics providers Service providers and consultants Advocacy and trade groups Do you fit that profile? Save $100 and get your ticket today.    This email was sent by: CoinDesk   250 Park Avenue South New York, NY, 10003, US   Want to change how you receive these emails? update your preferences or unsubscribe from this list

Six central banks to research CBDCs / RBI says it hasn't banned crypto / Grayscales Bitcoin Trust an SEC reporting company

Inside Bitcoin.

Presented by Subscribe | View in browser Market Watch: Industry prices are in the green again today as the market enjoys a positive swing in the last 24 hours. Bitcoin: $8,665 (⬆️ 0.14%) // $157.4 billion market cap. Ethereum: $169 (⬆️ 1.94%) // $18.5 billion market cap. XRP: $0.237 (⬆️ 2.58%) // $10.3 billion market cap. Bitcoin Cash: $342 (⬆️ 0.92%) // $6.2 billion market cap. Top 100 Winner: Energi: $1.76 (⬆️ 10.52%) // $44 million market cap. Top 100 Loser: Centrality: $0.063 (⬇️ 9.47%) // $68 million market cap. Prices are as of 12:10 p.m. ET. 1. The central banks of Canada, the European Union, Japan, Sweden, Switzerland, and the U.K. have created a group with the Bank for International Settlements (BIS) to research central bank digital currencies (CBDCs). According to an announcement, the six banks will share their experiences with the other members as they study the potential use cases of CBDCs in their own country. Other areas to be looked into will include "economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies." A number of central banks have already started to research CBDCs. The People's Bank of China (PBoC) is one such example and recently announced that it had completed the top-layer design and joint testing of the digital yuan. -BANK OF ENGLAND 2. The Reserve Bank of India (RBI) has said that it hasn't banned cryptocurrencies in the country. It has, however, ringfenced banks from the risks linked with trading such assets, according to a report from the Economic Times. India's central bank gave this response to a petition that was filed by the Internet and Mobile Association of India (IAMAI), which was seeking reconsideration from the RBI regarding a 2018 circular that directed regulated entities not to deal with cryptocurrencies. In a 30-page statement from the central bank, it states that "the RBI has directed the entities regulated by it to not provide services to those persons or entities dealing in or settling [virtual currencies]." -ECONOMIC TIMES A MESSAGE FROM ATHLETIC GREENS Health experts, top performers and pro athletes all agree that the perfect diet doesn’t exist...so then what? They use Athletic Greens. It’s the all-in-one daily nutritional beverage that gives you 75 vitamins, minerals, and whole-food sourced ingredients–plus the antioxidant equivalent of 12 servings of fruits and veg, gut health benefits, and adaptogens for hormonal support. You’d struggle to find a better go-to source for comprehensive nutrition. We’re giving inside readers 20 Free Travel Packs with their first order! Order Now 3. Crypto asset manager Grayscale's Bitcoin Trust has been registered as a Securities and Exchange Commission (SEC) reporting company. In November, the New York-based company filed a registration statement on Form 10 with the SEC. Today, Form 10 became effective, making the trust the first digital currency investment vehicle to become an SEC reporting company. Grayscale took to Twitter to announce the news. According to the company, this "marks an incredible milestone for our product, Grayscale, and the digital currency industry." -AMBCRYPTO 4. Brave New Coin (BNC) has launched a new metric for Bitcoin. Known as the "Twitter Sentiment," it looks at 34 million Bitcoin-related tweets each week. It also uses artificial intelligence (AI) algorithms that search for tweets that contain words such as Bitcoin, $BTC, and BTC, among others. According to BNC, sentiment remains a "significant" factor when it comes to price and the movement of coins, which is why it developed the metric. -THE BLOCK A MESSAGE FROM WINC Meet the future of wine...   Winc delivers a world of wine right to your doorstep so that you can discover international flavors from the comfort of your couch. Simply answer 6 questions and they’ll pair you with 4 wines tailored to your personal taste preferences. What's more? We're giving Inside readers 40% off their first order! Click here to see your curated wines. 5. Britain's tax agency, Her Majesty's Revenue & Customs (HMRC), is turning to technology in a bid to tackle crypto cybercriminals. The agency, which has posted an open contract call worth around $130,000, is calling for the technology to gather intelligence through cluster analysis. HMRC is hoping that this will enable them to track and analyze privacy coins such as Monero, Zcash, and Dash, which have proved difficult for regulators to track. -COINTELEGRAPH 6. Asset management Fidelity Investments is seeking a Bitcoin mining engineer to help expand its operations. The role requires the candidate to have between three to five years in development operations (DevOps) and/or engineering, among other expertise. The person hired will help design, build, and maintain the infrastructure to run and scale its Bitcoin mining operations. -THE BLOCK 7. AB InBev, the firm behind the Budweiser company, is helping African farmers prove that they are suppliers of the company through the blockchain. In partnership with BanQu, AB InBev has created a distributed ledger system using the blockchain to boost transparency in the supply chain. -YAHOO! FINANCE 8. Iceland-based Monerium is to issue e-money on the Algorand blockchain. The non-exclusive partnership between Algorand and Monerium, which has a European Economic Area (EEA) e-money license, will see the two companies working to develop "real-world use cases that are enabled by advanced blockchain technology." It will do this with Monerium's "programmable" e-money, according to W. Sean Ford, Algorand's COO. -COIN DESK 9. A report has found that the transaction volume going through the EIDOS decentralized application (dApp) has skewed the results of the 2019 dApp Market Report. According to the report, in the two months of 2019 that EIDOS was active from the beginning of November, it generated around 2.4 billion transactions. Yet, across the whole of 2019, the total number of transactions on all dApps across the top nine platforms was more than 3.26 billion. -DAPP 10. The Turkish city of Konya has set up a Science and Technology Valley and is building a team to deliver blockchain to local services. The city is also considering ways that it can develop a "City Coin" and create a blockchain-based financial system around it. -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.   Ad The daily habit that sets you up for a healthy future. Order Now Ad We're giving Inside readers 40% off their first order! Click here to see your curated wines.

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