Bitcoin millionaires / PBoC CBDC / OneCoin scam victim

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Presented by Subscribe | View in browser Market Watch: Market prices remain unmoved during Tuesday trading, with Bitcoin appearing to be stuck within the $8,000 mark. Bitcoin: $8,290 (⬇️ 0.30%) // $149.1 billion market cap. Ethereum: $183 (⬇️ 0.24%) // $19.8 billion market cap. XRP: $0.290 (⬆️ 0.11%) // $12.5 billion market cap. Tether: $1 (⬇️ 0.04%) // $4.1 billion market cap. Bitcoin Cash: $225 (⬇️ 0.60%) // $4.06 billion market cap. Top 100 Winner: GXChain: $0.549 (⬆️ 19.08%) // $35 million market cap. Top 100 Loser: Centrality: $0.099 (⬇️ 15.99%) // $80 million market cap. Prices are as of 12:47 p.m. EDT.       1. Bitcoin statistician Willy Woo has uploaded new data that suggests the number of Bitcoin millionaires is growing at a rate similar to the asset's early years. Taking to Twitter, Woo posted a diagram that showed the rate of growth with addresses containing 1,000 Bitcoin. According to him, this rise is likely due to high net worth investors whereas during the early days it was the "tech savvy who were bootstrapping the network." –@woonomic       2. The Oxford English Dictionary has officially added the word "Satoshi" to its database. The decision to add the word was announced during a quarterly update. The addition of Satoshi follows the inclusion of Bitcoin in 2014 and cryptocurrency, which was added in the last update. The definition of Satoshi is "the smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin." –OXFORD ENGLISH DICTIONARY Why It Matters: It demonstrates that as the crypto market continues to gain mainstream interest, it's becoming difficult to ignore and that more people will want to know more about it. Bitcoin bulls also argue that mainstream attention can lead to a price increase, so any attention is good attention.       A MESSAGE FROM KEEPS Get 50% off hair loss treatments that actually work. Bad news: 2 out of 3 guys start losing hair by 35. Good news: Keeps makes it easy and affordable to keep (and even regrow) your hair. Get hair loss treatments that work delivered to your door for less than $1/day. The sooner you take action, the more hair you'll keep. Get 50% off your first 3 months 3. A Chinese central bank digital currency (CBDC) would give the People's Bank of China (PBoC) "greater insight" into the country's transactions. That's according to analysts at Beijing-based research firm Trivium China. Stanislas Pogorzelski, editor-in-chief of the specialist site Cryptonaute.fr., further noted that the purpose of the centralized coin is to "replace cash," which is the "last bastion of privacy." Others think it's an opportunity for China's central bank to collect new information that would be impossible with cash transactions. –THE STRAITS TIMES       4. Jen McAdam, a victim of OneCoin, a suspected crypto scam, has reportedly received death threats for speaking out about what happened. McAdam is estimated to be one of 70,000 people who bought packages from OneCoin but have been unable to trade or fully cash in their stake. According to the 49-year-old woman, she has received threatening messages mainly through Facebook. She claims they are coordinated attacks by OneCoin supporters and has reported them to Police Scotland. McAdam invested over $10,000 of her own money and convinced family and friends to part with $281,000 before realizing she wasn't going to see that money again. –BBC       5. Bitcoin investor Tim Draper had said that crypto and other technologies will change how governments function. In a Medium post, he wrote that we are no longer at the "mercy of dictators and toll trolls." He also accused those of dismissing Bitcoin as trying to hold on to tribalism, arguing that it "is dying." –MEDIUM       6. Blockchain security firm CipherTrace has increased its crypto platform to 700 tokens. CipherTrace now lets users trace 87 percent of the transactional volume of the top 100 coins. CipherTrace CEO Dave Jevans said that the expansion will help to create a "multi-trillion-dollar global crypto economy." The company has also included the tracing of ERC-20 tokens. –COIN TELEGRAPH       7. Blockchain education platform Longhash has found that the most common cause of crypto projects failing is "death by abandonment." Looking at 700 crowd-sourced projects over an eight-year period, this accounted for 63.1 percent of failed initiatives. These death-by-abandonment coins also had a lifespan of around 1.6 years, according to Longhash. –LONGHASH       8. Grayscale Investments has noted that crypto investment in the third quarter was up by 300 percent. The company said that during Q3, the investment amounted to $254.9 million, up from $85 million in the previous quarter. Grayscale's managing director Michael Sonnenshein noted this was down to professional investors deciding to mix up their portfolios. – FORTUNE       9. Crypto exchange Coinfield is making stocks such as Apple and Tesla tradable on the XRP ledger. Coinfield's CEO Bob Ras has said that stocks and ETFs from 25 global stock exchanges and fiat-backed stablecoins will be available to trade on Ripple's ledger from next year. This will be made possible by a new service called Sologenic. Users will have access to more than 30,000 stocks and ETFs. –DECRYPT       10. Anthony Pompliano, co-founder of Morgan Creek, has said that it's better for retail crypto investors to HODL. He went on to say that unlike professional traders who know how to get in and out of the market it's not advisable for retail traders. In his opinion, it would be better if most investors lost their account passwords. –FXSTREET       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).       Ad Stop your hair loss before it's too late. Get 50% off your first 3 months of Keeps today.

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October 15, 2019 FUTURES GROWTH: CME Group, the Chicago-based exchange operator, said its bitcoin futures contracts grew in popularity with institutional investors last quarter, with the number of open contracts up 61 percent year to year. Despite bitcoin's 25 percent drop in price this quarter, the volume of CME contracts fell just 1 percent from Q2 levels. Full story TO THE MOON? Is the next programmed reduction of the miners’ rewards – or halving – going to send bitcoin’s price skyrocketing? It depends who you ask. At the recent World Digital Mining Summit in Frankfurt, Jihan Wu, co-founder and ex-CEO of Bitmain, said any gains might already be baked in to the price. But Matthew Roszak, chairman of the blockchain software company Bloq, expected the price to reach “somewhere between $15,000 and $100,000,” and for the halving to kick off “a decade-plus of rising.” Full story GETTING REAL: Twenty-one organizations – including crypto companies Coinbase and Xapo – have signed the Libra Association charter, days after a slew of high-profile defections from the Facebook-led cryptocurrency project. Following a meeting in Geneva, Switzerland, the Libra Association also named its board of directors and formalized the consortium’s executive team. Facebook remains a key player in the project with Calibra CEO and former Facebook blockchain lead David Marcus taking a seat on the five-person board. Full story RENEWABLES APPEAL: Layer1, a crypto startup bringing wind-powered bitcoin mining rigs to West Texas, raised $30 million from investors including Peter Thiel. CEO Alexander Liegl said bitcoin is not likely to crowd out other uses for clean energy reflects a misunderstanding of the market: “Renewable energy is still primarily under-utilized so you don’t actually have a zero-sum game,” he said. Full story BINANCE ETP: Binance’s native cryptocurrency will serve as the underlying asset to a new exchange traded product (ETP). The crypto exchange said it has partnered with fintech firm Amun to develop the USD-denominated ETP, which is being listed on the Switzerland’s principal stock exchange SIX under the ticker ABNB. Amun CEO Hany Rashwan told CoinDesk the ETP will be backed initially by $20 million worth of Binance coins (BNB), representing nearly a quarter of the firm’s total crypto assets under management. Full story BULL CROSS: Bitcoin is struggling to gather upside traction despite the most bullish crossover of long-term averages seen in March 2016. While historical data indicates consolidation may continue for a few weeks, the shorter duration charts are calling a retest of recent lows below $7,800. The bearish case would weaken if prices rise above the 200-day average at $8,740. Full story BACK AGAIN, LAZARUS? North Korea’s notorious hacking group Lazarus is likely behind fake cryptocurrency trading software used to breach Apple computers, independent U.S. researchers revealed last week. As reported by Korea JoongAng Daily, the app comes loaded with malicious tools that allow the possibly state-led cybercriminals to gain remote access to MacOS devices on which it’s installed. The group has also reportedly set up a fake crypto business called Celas Trade Pro and a related website to help fool victims. 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