Market Watch | Bitcoin | $16,157 | 7 day: +5.8% | | Ethereum | $462 | 7 day: +11.6% | | All crypto | $459b | 7 day: +7% | | Bitcoin dominance | 65.2% | 7 day: -0.3% | Prices as of 5 p.m. EST
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 Panama City, Home of Crypto Capital Attorneys to Reginald Fowler, an alleged operator of Crypto Capital, have filed motions to withdraw as his legal counsel. Crypto Capital is at the heart of the largest lawsuit in cryptocurrency history and has served the industry's largest companies: Bitfinex, Tether, BitMEX, Kraken, Binance, and the now-defunct QuadrigaCX. - Attorneys James McGovern and Michael Hefter of the law firm Hogan Lovells filed their motions in the U.S. District Court Southern District of New York on Nov. 9, 2020.
- The attorneys have been representing the Arizona-based businessman in an ongoing case accusing him of operating Crypto Capital. Prosecutors in New York allege that the Panamanian bank acted as an illicit money transmitter, a shadow-bank to the cryptocurrency industry.
- Prosecutors allege that Fowler and others assisted Crypto Capital's clients with committing bank fraud and money laundering.
- This story continues in part 2, below...
CoinTelegraph 
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More on Reginald Fowler and his associate, Ravid Yosef: - The two attorneys filed a motion on Sept. 3, 2020, to dismiss the allegations against Fowler regarding his involvement in the Tether-Bitfinex lawsuit.
- The legal counsel argued that the court did not have jurisdiction over Fowler, an Arizona resident.
- McGovern and Hefter indicate that they have been discussing with Fowler their withdrawal since Feb. 26, 2020, when the defendant turned down a nine-figure plea deal with the U.S. government.
- U.S. federal prosecutors indicted Fowler and an Israeli woman Ravid Yosef for being among the main perpetrators of Crypto Capital bank.
- Fowler has five months to hire and prepare a new defense before his next anticipated trial.
- More information from our previous issues are here, here, and here.
Bloomberg
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 China's $1.5T Construction Bank China's $1.5t state-owned bank, China Construction Bank (0939.HK), will issue up to $3b worth of bonds using blockchain technologies. - A Malaysian unit of China Construction Bank (CCB) is preparing to issue approximately $3b bonds using blockchain technology.
- Reportedly, the blockchain-issued bonds will be available as publicly-listed securities, arranged in Beijing.
- China Construction Bank partnered with Hong Kong-based Fusang Exchange, which claims to be "Asia's only stock exchange offering security tokens."
- (A distinction of semantics, there are many other examples of exchanges with tokenized securities, including tokenized stocks, although these might not be commonly considered "stock exchanges.")
Details: - According to a local news report, China Construction Bank will issue digital bonds in the form of certificates of deposit on a blockchain.
- Both retail and institutional investors will be able to purchase the tokenized bonds via bitcoin and U.S. dollars.
- China Construction Bank's Malaysia unit, Labuan, will issue digital bonds for three-month minimum durations and minimum face values of $100 each.
- The bank expects to publicly launch tokenized certificates worth $58m during the first allotment.
Wall Street Journal
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An Argentinian congressman will introduce a national legal cryptocurrency framework next week. - Congressman Ignacio Torres will reportedly present a crypto-friendly bill to Argentina's parliament next week.
- Athena Bitcoin's Efraín Barraza and Bithan's Alberto Vega collaborated on the bill.
- Argentina's Financial Information Unit will review the drafted bill by Nov. 18, 2020.
- Torres hopes to submit the legislation for consideration before Argentina's Chamber of Deputies on Nov. 20, 2020.
CoinTelegraph
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 Riad Salameh, Governor of Lebanon's central bank Lebanon reveals plans to release its own central bank digital currency (CBDC) next year. - Riad Salameh, governor of Lebanon's central bank, Banque du Liban, revealed a plan to develop a Lebanese CBDC by 2021.
- He commented that a CBDC could help with aspects of the financial crisis under which its residents are suffering.
- The central bank states that the launch of the CBDC in 2021 would ultimately lead to a "cashless" financial system and enable more fiat liquidity locally and internationally.
- Banque du Liban has been planning for a Lebanese CBDC since 2019. The bank named its CBDC "virtual Lebanese pound."
- In 2019, the project's goal was to ease all the payment methods and bring a "revolutionary" transformation to Lebanese financial institutions.
Soaring inflation and a weakening currency: - Salameh has been following digital currencies since 2017. He has long believed that Lebanon would have its own CBDC.
- Banque du Liban's interest in cryptocurrencies actually began in 2013, with Lebanon being among the first Middle Eastern country to issue a warning against cryptocurrency trading.
- As of Feb. 2020, Lebanon banks limited foreign currency withdrawals to as low as $400 per month as the country's economic crisis worsened.
- The country's currency has continued to collapse in value versus the U.S. dollar, falling over 50% in value at times.
- Lebanese citizens have been protesting, and occasionally even occupying, the Lebanon central bank building in Jun. 2020.
Bloomberg
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QUICK HITS: - In a Quora answer, Ripple (XRP) Chief Technology Officer David Schwartz revealed that he lost at least $300,000 investing in now-worthless altcoins, mentioning TIX, FLASH, BEE, KIND, and KUDOS. View our Ripple multi-part coverage here at Inside Cryptocurrency.
- Brian Brooks, U.S. Acting Comptroller of the Currency, submitted written testimony before the U.S. Senate Committee with a section dedicated to cryptocurrencies and stablecoins. Brooks says his office continues researching crypto-assets and distributed ledger technology.
- One first-time founder just raised $1,400,000 after finding an early market signal from this website.*
- Binance.US opens trading in the state of North Carolina. (Daily transactions at Binance.US total $20m, "perhaps just enough to be a distraction to regulators," according to Forbes. In contrast, Binance claims to process over $9.4b in daily transactions.)
- PayPal (NASDAQ:PYPL) is now allowing cryptocurrency services to all eligible users. We covered PayPal's original announcement on Oct. 21, 2020.
- UNION raised $3.9m in funding led by Bering Waters Ventures with participation by SBF's Alameda Research. More on SBF and his connections to Joe Biden here.
- Companies see triple digital increase in relevant candidates by opting for remote jobs. Download Vettery's remote hiring guide for full insights and tips.*
* This is sponsored content.
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 |  | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. |  | | Editor | Alexander Huls is a Toronto-based journalist. He has contributed articles about true crime and pop culture to The New York Times, Men's Health, Popular Mechanics, and other fine publications. Follow him on Twitter @alxhuls. | |
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