Crypto Markets News 

‘Don’t Leave Your Coins In Exchanges,’ Says Crypto Entrepreneur Who Lost All His Assets

“His company is a blockchain venture capital firm, crypto quant hedge fund, and mining company focused on investing in blockchain projects” writes Gabriel Rubinsteinn for cointelegraph.com. Exchange hacking is nothing new to the crypto ecosystem. Some of the biggest companies in the space have faced issues here this year, including market leader Binance. Source: cointelegraph.com

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Crypto News Platforms 

Royal Bank of Canada to Open New Crypto Platform

“The Royal Bank of Canada (RBC) is creating a new cryptocurrency platform” writes Nick Marinoff for livebitcoinnews.com. This isn’t the first time the Royal Bank of Canada has dabbled in blockchain or cryptocurrency.This is not a centralized platform, but one similar with everyday crypto exchanges like Coinbase and Binance.The platform being offered by the bank will provide traders with access to standard cryptocurrencies like bitcoin and Ethereum.Canada has also become considerably looser regarding crypto over the past few months, with the region relaxing a lot of its transaction rules. Source: livebitcoinnews.com

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Crypto News 

Uncork Capital, Coinbase VC Arm, Others Invest $4 M in Crypto Analytics Firm Messari

“Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari” writes Joeri Cant for cointelegraph.com. The data analytics firm intends to invest the raised funds into further automating its data ingestion process and its redistribution capabilities for registry clients, while broadening analytical product offerings for crypto professionals.Founder of Uncork Capital Jeff Clavier, who will also join Messari’s board of directors, said that Messari is building much-needed infrastructure that is currently missing in the cryptoverse.On Nov. 13, Messari announced that…

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Crypto News 

Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

“Many of the prominent cryptocurrency exchanges are adopting further centralized methods to prepare for a more regulated future” writes Kyle White for cointelegraph.com. While blockchain technology can provide the compliance link between crypto exchanges and banks, it places a centralized power in between users’ access to the decentralized world.Further regulation will bring about cryptographic protection by sharing updated records on a continuous basis with banks, exchanges and other regulatory parties.Despite strict regulations and increased vigilance by authorities, money laundering makes up a very small subsection of the overall cryptocurrency ecosystem.The…

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Crypto News 

CoinMarketCap Now Provides Crypto Investors With Data on Liquidity

“Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity” writes unknown author for cointelegraph.com. Intending to filter out market manipulation, CoinMarketCap will reportedly base the new liquidity metric on adaptive data.In July, CoinMarketCap, alongside crypto news outlet Crypto Briefing, launched a new institutional-grade analysis product called Simetri. The product aims to provide verification and transparency in order-book data from crypto exchanges. Source: cointelegraph.com

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Crypto Markets News 

3 Reasons Why One Trader Didn’t ‘Manipulate’ Bitcoin Price to $20K

“Its issuance, researchers argue, coincided with Bitcoin price jumps” writes William Suberg for cointelegraph.com. Bitcoin (BTC) price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims.But while Bitcoin’s price is now 50% lower, Tether’s market cap has increased four times over to current levels of $4.1 billion.So an analysis that shows that ‘a single wallet’ was involved in flows from Bitfinex to other exchanges is meaningless.Bruce Fenton, former executive director of the Bitcoin Foundation, criticized the technical proficiency…

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Crypto Futures News 

SFC Unlikely to Approve Crypto Futures, Issues Warning

“Unlike traditional assets, the future valuation of digital assets is hard to predict” writes Arnab Shome for financemagnates.com. Meanwhile, today, the SFC published a new framework to regulate the crypto exchanges operating within its jurisdiction.The agency also clarified that it has not licensed or authorized any entity to offer such futures contracts in Hong Kong. “Given the current risks associated with these contracts and in order to protect the investing public, the SFC would be unlikely to grant a license or authorization to carry on a business in such contracts,”…

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Crypto News 

Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients

“Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange” writes Joeri Cant for cointelegraph.com. In a separate case, Elise Palmer, the BCSC’s media relations and public affairs advisor said that it has received multiple complaints about Nanaimo-based cryptocurrency exchange ezBtc.ca.Wu added that he had gone to the Einstein Exchange office last Friday only to discover that the elevator is locked for all floors and that all listed phone numbers of the exchange’s agents, including that of Einstein exchange founder Michael Gokturk, are no…

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Crypto News 

Not a Fee, But ‘Long-Term Payment’ — How Crypto Exchanges List Tokens

“Here, numerous reports show that crypto exchanges are being decidedly opaque about the structure of their listing fees” writes Osato Avan-nomayo for cointelegraph.com. The opaque nature of the listing process on crypto exchanges also arguably contributes to the air of controversy surrounding the issue.The cryptocurrency trading giant, however, denied reports that the payment constituted a listing fee.The tweet also brought up the fake trading volume — an issue that is not unrelated to discussions surrounding cryptocurrency exchange listing fees.Even when there isn’t any listing fee, projects typically have to put…

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Crypto News 

21 Crypto Exchanges Ask for License From Malta’s Financial Watchdog

“The Malta Financial Services Authority (MFSA) has received queries from 21 cryptocurrency exchanges seeking licensure under the Virtual Financial Assets (VFA) Act” writes Helen Partz for cointelegraph.com. The MFSA clarified that, until Oct. 31, crypto providers have been operating under the transitory provisions specified in Article 62 of the VFA Act.According to an official announcement on Nov. 1, the 21 exchanges are among the 34 prospective VFA service providers that sent their letters of intent to the Maltese financial regulator in order to acquire a VFA Services Licence. Source: cointelegraph.com

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