RBC denies crypto exchange reports / SEC to review ETF / Monero software steals crypto

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Presented by Subscribe | View in browser Market Watch: Industry prices have fallen further during Tuesday's trading as Bitcoin edges ever closer to the $8,000 mark. Lesser-known altcoin MMOCoin, however, has seen a significant rise, jumping 280% in value. Bitcoin: $8,158 (⬇️ 4.71%) // $147.3 billion market cap. Ethereum: $177 (⬇️ 4.16%) // $19.2 billion market cap. XRP: $0.248 (⬇️ 5.30%) // $10.7 billion market cap. Bitcoin Cash: $243 (⬇️ 8.75%) // $4.4 billion market cap, Top 100 Winner: MMOCoin: $1.14 (⬆️ 280.97%) // $68 million market cap. Top 100 Loser: EDUCare: $0.095 (⬇️ 14.41%) // $95 million market cap. Prices are as of 12:30 p.m. ET.       1. The Royal Bank of Canada (RBC) has denied reports that it's considering launching a cryptocurrency exchange. Last week, it was reported by The Logic that the RBC was "exploring" such a possibility for investments and online purchases; however, it appears that that is incorrect, according to RBC spokesperson Ed Jones. Confirming this via email, Jones stated patent applications filed by the bank do not reveal any intention to launch a crypto platform, adding that RBC has "no near-term plans" to do so. –COIN DESK       2. The U.S. Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin exchange-traded fund (ETF) filed by Bitwise Asset Management and NYSE Arca. In October, the SEC rejected the applicants because they hadn't met requirements regarding illegal activities and market manipulation. However, in a notice published yesterday, the regulator said that it will now reassess its previous stance. The main reason was that "pursuant to Commission Rule of Practice 431," it would review its action. Over the review period, "any party or other person may file a statement in support of, or in opposition to" the proposed ETF no later than December 18. According to Charles Lu, CEO of ledger protocol Findora, for the SEC to approve a Bitcoin ETF, those filing it will need to prove that "price discovery is happening as opposed to market manipulation." –FEDERAL REGISTER       A MESSAGE FROM LEDGER Protect your crypto assets: what's the best way to store your private keys? In a decentralized environment, keeping control over your funds and your private keys is fundamental. If you leave your crypto assets online, you are not in charge and you are exposed to hacks.   3. A 45-year-old man from Sweden has been extradited from Thailand to the U.S. after allegedly defrauding $11 million in cryptocurrency out of people. Roger Nils-Jonas Karlsson was initially arrested in Thailand in June for securities fraud, wire fraud, and money laundering. He is alleged to have used two websites - easternmetalsecurities.com and hci25.com - where he made a number of false communications to several investors such as registering one of the websites to a fictitious person and advertised shares in a product called a "Pre Funded Reversed Pension Plan. As a result, he was able to con 3,500 people out of their money and has been accused of transferring that money to his personal accounts. If convicted, he faces a maximum prison sentence of 20 years and a maximum $250,000 fine for wire fraud and securities fraud charges. For the money laundering charge, Karlsson faces 20 years in prison and a fine of $500,000. –THE BLOCK       4. Software available for download on Monero's official website can steal cryptocurrency, an announcement on Reddit by the coin's core development team reveals. According to the post, the command-line interface (CIL) tools available on getmonero.org have been compromised at some point in the last 24 hours. The notice goes on to point out that some users became aware that the "hash of the binaries they downloaded did not match the expected one." The team warned that if users have downloaded binaries in the last 24 hours, they should check the binaries' integrity if they haven't already done so. If they don't match, the team instructs users to not run the downloads. –@REDDIT/XMR CORE TEAM       5. Those who provide information on illegal initial coin offerings (ICOs) in China could be financially rewarded. According to a report, China's financial regulators have issued a letter to provincial and municipal government officials in a bid to prevent fraudulent cases involving the blockchain, stating that it should be explored "scientifically and rationally." Citizens are also encouraged to report instances of illegal fundraising, which, once checked and verified by government officials, will see them receiving a reward. –U TODAY       6. PayPal Ventures is backing a $4.2 million funding round for a crypto banking compliance startup alongside others. The startup is TRM Labs, which aims to boost the institutional embrace of crypto. Other investors include Reddit founder Alexis Ohanian's Initialized Capital and San Francisco firm Blockchain Capital. Total funding for TRM now totals $5.9 million since its emergence out of Y Combinator this year. –COIN DESK       7. The U.S. Federal Emergency Management Agency (FEMA) is considering using blockchain to improve disaster insurance payouts. The agency says it is interested in a blockchain-based property register to boost the efficiency of disaster responses. The register would contain all the necessary information to file an insurance or disaster assistance claim. –COINJOURNAL       8. Comisión Nacional del Mercado de Valores, Spain's financial watchdog, has warned against an Ethereum-based token known as AlyCoin. According to the agency, the coin is not registered in the country and promotes an unregulated initial coin offering (ICO). The agency also notes that the token violates the second paragraph of Article 17 of the Securities Markets Law by soliciting clients and providing them with financial services. –FINANCE MAGNATES       9. Phineas Fisher, an anonymous hacker, has put up a $100,000 bounty, which will be paid in Bitcoin or Monero to hackers for leaking information about banks and oil companies. The bounty, known as Hacktivist Bug Hunting Program, is designed to motivate hackers to carry out politically motivated hacks against organizations where the disclosure of documents is in the public interest.  –VICE       10. Decentralized payment processing company Radpay has raised $1.2 million in a funding round from the likes of investment companies Resiliency Ventures and BlackLaunch. According to a press release, the funding reflected a 20 percent oversubscription. Proceeds will be allocated toward further development of Radpay, which will include growth of the firm's marketing, e-commerce, and retail merchants. It will also help with Radpay's inventions in blockchain, payments, and digital wallets. –COINJOURNAL       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. Edited by Inside Dev and Inside Deals editor Sheena Vasani.

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SEC purgatory

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November 19, 2019 SECOND CHANCE: The SEC is reviewing the rejection of a recent bitcoin exchange-traded fund (ETF) proposal put forth by Bitwise Asset Management. Overturning the rejection would clear the way for potentially the first bitcoin ETF in the U.S., following years of anticipation of a mainstream-ready investment product. Full story DON’T BANK ON IT: The Royal Bank of Canada is not currently planning to build or launch a cryptocurrency exchange, CoinDesk has confirmed. Bank spokesperson Ed Jones pushed back on recent media reports that Canada’s largest bank was exploring the development of a crypto exchange, saying that patent applications filed by the bank do not indicate any intention to actually launch an exchange. Full story BISON BACKING: Libra Association member Bison Trails has secured a $25.5 million Series A funding round led by Blockchain Capital, with Coinbase Ventures, ConsenSys, Kleiner Perkins and more also investing. “As the only blockchain infrastructure firm in the Libra project, we'll contribute to building the new system with Facebook,” said CEO Joe Lallouz. Full story PAYPAL BACKED: Compliance startup TRM Labs raised $4.2 million from backers including Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures. The investment marks PayPal’s second foray into blockchain. Full story CRYPTO FIRST? Grayscale Investments, the asset management subsidiary of Digital Currency Group, is filing to register its Bitcoin Trust as a Securities and Exchange Commission (SEC) reporting company. If approved, the trust’s shares would become the first cryptocurrency investment vehicle to become a reporting company. Full story COINDESK WEBINAR: CoinDesk Research is hosting a free Webinar tomorrow, November 20! Join us at 12pm ET to hear from Catherine Coley, CEO of BAM Trading Services (Binance.US), and Sam Bankman-Fried, co-founder and CEO of Alameda Research and FTX. We’ll talk to them about launching new exchanges, where to find liquidity, institutional involvement in the market and much more. Sign up here LIBRA PROGRESS: Libra has logged 51,000 dummy transactions on its testnet in the last two months, according to an update, reports Business Insider. Carrying out the trial work are Libra partners Coinbase, Uber, Xapo, Anchorage and Calibra. Thirty-four projects are now listed by Libra, including 10 digital wallets and an API. 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

WEBINAR NOVEMBER 20 - Building liquidity in crypto markets

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FREE WEBINARS - NEW SERIES! Binance.US and FTX Explain How New Exchanges Build Liquidity Join us for the second in our NEW SERIES OF WEBINARS about crypto market trends and developments, in which we talk to industry experts about their experiences, insight and expectations.  On November 20 at 12:00pm ET, we'll talk to Binance.US CEO Catherine Coley and Alameda Research (FTX) chief executive and co-founder Sam Bankman-Fried about fake volume, regulatory constraints and the two fledgling crypto asset exchanges' very different strategies for attracting trading volume against incumbents with huge advantages in liquidity. Don’t miss it! And let us know what questions you'd like us to ask, we'll do our best to get to them. You can sign up for free HERE - November 20, 12pm ET.     CoinDesk   |  Events CoinDesk is not an investment advisor. This newsletter is for informational purposes only, and any comments here do not constitute investment advice. Copyright © 2018 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