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Hodler's Monthly November 2019

Review of the main news, events and stats of the past month
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2019
June
July
August
September
October 19
November 19
December 19
January 20
February 20
March 20
April 20
May 20

Key
Event

Asia
— BlockShow Asia took place in Singapore on Nov. 14–15
Key <br>Event

New Division

New
— Cointelegraph is launching a consulting division to aid global adoption of blockchain technology.
New Division

Milestones & Events

1 November Nov.
Bitmex accidentally leaked thousands of user emails
2 November Nov.
Binance.US allows users to buy cryptocurrency with debit card
5 November Nov.
Huobi global to freeze US customer accounts
6 November Nov.
EU reaffirms potential move to block Facebook’s cryptocurrency
13 November Nov.
Telegram asks court to dismiss SEC lawsuit against Gram
15 November Nov.
Indian Parliament will not consider total crypto ban in winter session
19 November Nov.
⁠Monero’s official website was compromised to distribute software that steals crypto
Grayscale files form to become first Bitcoin fund to report to SEC
21 November Nov.
Binance ‘buidl’ bridge with India, acquiring leading Bitcoin exchange
22 November Nov.
Shenzhen identifies 39 crypto exchanges defying trading ban
24 November Nov.
Upbit confirms theft of 342,000 Ether from its hot wallet
25 November Nov.
Bitcoin price drops to $6.5K
26 November Nov.
Telegram founder Pavel Durov to give deposition in Gram token case

November market stats From Coin360

Cointelegraph November market stats Cointelegraph November market stats
Cointelegraph November market stats
Cointelegraph November market stats
Cointelegraph November market stats
Cointelegraph November market stats

Numbers of the month

132% return

was generated by Bitcoin so far in 2019

6,004 Bitcoin ATMs

installed worldwide

33% pump
of Verge (XVG)

followed Paypal’s move to pull the plug on Pornhub

4.4 billion
dollars

has been lost due to cryptocurrency-related fraud and theft in 2019

Quotes

Lol, price predictions are easy. It's just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.
Changpeng Zhao
Binance CEO
Changpeng Zhao Binance CEO
For us, cryptocurrency is already a significant issue and we can project out pretty easily that it’s going to become a bigger and bigger one.
Christopher Wray
FBI director
Christopher Wray FBI director
I am strongly against Bitcoin, and I think we are a little complacent. [...] The currency itself is not real, with the characteristics that a currency must have.
Jean-Claude Trichet
former European Central Bank president
Jean-Claude Trichet former European Central Bank president
Either I am Satoshi or Satoshi plagiarized me. You can make the choice, I don't really care because he actually took whole paragraphs from my LOM.
Mike Kayamori
QUOINE co-founder
Mike Kayamori QUOINE co-founder

Buzz of the month

Binance and Bithumb offices are reportedly raided by the Chinese police
Binance and Bithumb offices are reportedly raided by the Chinese police
After that Bicoin crashes to $7,5K completely wiping out the October rally
More
A few days later, Bitcoin price drops to $6.5K while traders eye CME ‘Gap’ bounce
The planned hard fork of the Bitcoin Cash network has been completed
New files allegedly connect $450M in lost Bitcoin to Russian intelligence
Ethereum Istanbul hard fork release date confirmed by core developer

Adoption & Tech

⁠International Banking Regulator Is Studying Crypto Lending Capital Requirements
⁠International Banking Regulator Is Studying Crypto Lending Capital Requirements
The organization, including banking regulators from the United States, Europe and Japan, will publish a paper on the prudential treatment of crypto assets
Country-level
China, Turkey, Ukraine and more
China’s Tech Capital Shenzhen Issues 10 Millionth Blockchain Invoice
21 Crypto Exchanges Ask for License From Malta’s Financial Watchdog
French High School Students Will Learn About Bitcoin And Crypto
Bahrain to Provide Fast-Track Setup Program for Fintech Startups
China Introduces Blockchain-Based Identification System for Cities
Turkey to Finish Testing Digital Lira in 2020
Azerbaijan to Adopt Blockchain-Based ID System in 2020
China Signs Agreement With Hong Kong Central Bank for Blockchain Push
Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019
BRICS Nations Discuss Creation of New Crypto For Unified Payment System
Enterprise-level
Coca Cola, Ali Baba, JPMorgan and more
Huawei Signs Deal With Digital Currency Research Unit of China’s Central Bank
Coca Cola Using Blockchain for $21-Billion-Per-Year Network
Power Ledger Strikes Deal to Roll Out Blockchain in South Australia
Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’
UPS and Agritech Firm Use Blockchain to Verify Beef Shipment From US to Japan
‘Unknown Fund’ to Donate $75M in Bitcoin to Crypto, Anonymity-Focused Startups
JPMorgan Automates Derivatives Margin Payments With Blockchain Tech
Dutch Football Association Trials Blockchain Ticketing App

Major regulation updates

Updates:
Restrictive icon
Permissive icon
Drafts:
Restrictive icon
Permissive icon
Drafts or updates or both:
BOTH Restrictive and
Permissive icon
Official Updates:
Restrictive and Permissive
Argentina
The Central Bank of Argentina (BCA) announced, that citizens are prohibited from using credit cards to buy Bitcoin (BTC) or other cryptocurrencies. It is unclear whether the rules apply only to credit cards or if this includes debit and prepaid cards.
Iran
Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country. New regulations also ban miners from operating during the hours of peak consumption of electricity.
San Marino
The Republic of San Marino has officially adopted the Register of Blockchain Entities. It is inviting companies in the industry to apply for certification.
China
Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — has published a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges. It announces that non-custodial exchanges will not be considered for licensing.
China
Chinese authorities have announced that Bitcoin (BTC) mining will not face a state crackdown in China. The change will take effect from the start of 2020.
United Kingdom
The U.K.’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation guidelines for businesses and individuals. It does not consider crypto as a currency, and the policy paper uses the term "cryptoassets" rather than cryptocurrency.
Restrictive
Argentina
The Central Bank of Argentina (BCA) announced, that citizens are prohibited from using credit cards to buy Bitcoin (BTC) or other cryptocurrencies. It is unclear whether the rules apply only to credit cards or if this includes debit and prepaid cards.
Iran
Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country. New regulations also ban miners from operating during the hours of peak consumption of electricity.
Permissive
San Marino
The Republic of San Marino has officially adopted the Register of Blockchain Entities. It is inviting companies in the industry to apply for certification.
China
Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — has published a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges. It announces that non-custodial exchanges will not be considered for licensing.
China
Chinese authorities have announced that Bitcoin (BTC) mining will not face a state crackdown in China. The change will take effect from the start of 2020.
United Kingdom
The U.K.’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation guidelines for businesses and individuals. It does not consider crypto as a currency, and the policy paper uses the term "cryptoassets" rather than cryptocurrency.
Drafts and Ideas:
Restrictive and Permissive
China
Northern China's Inner Mongolia Autonomous Region is tightening its grip on crypto mining companies. It intends to dispatch inspection units to assure the “clean-up and rectification of crypto token mining companies” in the region.
China
Moreover, the People’s Bank of China (PBoC) warned it was taking action against entities allegedly involved in trading cryptocurrencies such as Bitcoin (BTC)
European Union
A draft document issued by the EU suggests that the union should consider issuing its own digital currency. It also urges member states to develop a common approach to cryptocurrencies, possibly banning high-risk projects.
Russia
Russia is planning on creating legal statutes allowing the government to confiscate digital assets. Among the options under consideration is the creation of a government cryptocurrency wallet for transferring funds.
Thailand
Lawmakers in Thailand plan to reform cryptocurrency laws after voicing concerns that they have made the country uncompetitive. The reason lies in poor uptake of certification and licensing scheme by cryptocurrency businesses.
Switzerland
The Federal Council of Switzerland adopted a dispatch explaining its priorities for improving blockchain and DLT legislation. The proposal seeks to establish legal certainty in the sector, as well as eliminating barriers for blockchain-based applications and reducing the risk of abuse.
Restrictive
China
Northern China's Inner Mongolia Autonomous Region is tightening its grip on crypto mining companies. It intends to dispatch inspection units to assure the “clean-up and rectification of crypto token mining companies” in the region.
China
Moreover, the People’s Bank of China (PBoC) warned it was taking action against entities allegedly involved in trading cryptocurrencies such as Bitcoin (BTC)
European Union
A draft document issued by the EU suggests that the union should consider issuing its own digital currency. It also urges member states to develop a common approach to cryptocurrencies, possibly banning high-risk projects.
Russia
Russia is planning on creating legal statutes allowing the government to confiscate digital assets. Among the options under consideration is the creation of a government cryptocurrency wallet for transferring funds.
Permissive
Thailand
Lawmakers in Thailand plan to reform cryptocurrency laws after voicing concerns that they have made the country uncompetitive. The reason lies in poor uptake of certification and licensing scheme by cryptocurrency businesses.
Switzerland
The Federal Council of Switzerland adopted a dispatch explaining its priorities for improving blockchain and DLT legislation. The proposal seeks to establish legal certainty in the sector, as well as eliminating barriers for blockchain-based applications and reducing the risk of abuse.
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