Hodler's Monthly
December 2019
Review of the main news, events and stats of the past month
Educate your friends!
2019
June
July
August
September
October 19
November 19
December 19
January 20
February 20
March 20
April 20
May 20
UPBIT
HACK
— UPBIT was hacked and millions of dollars of ETH were moved to unknown wallets
India's
Taxes
— India’s tax department is secretly training its officials to investigate cryptocurrencies
Milestones & Events
1
December
Dec.
Two Texas representatives proposed a piece of legislation that would classify stablecoins (including Facebook’s Libra) as securities
2
December
Dec.
A data scientist in India showed it was possible for AI to make real-time crypto market predictions using deep learning methodology
3
December
Dec.
Crypto exchange Upbit was hacked, millions of dollars of ETH were moved to unknown wallets
7
December
Dec.
Ukraine passes robust crypto legislation inspired by FATF
9
December
Dec.
Huobi’s US-based crypto trading platform HBUS ceases operation
12
December
Dec.
Binance launched a fiat gateway for Latin America
17
December
Dec.
Two Russians charged with mining crypto on state hardware
19
December
Dec.
Binance makes strategic investment in crypto derivatives exchange FTX
23
December
Dec.
Chinese authorities confiscate nearly 7,000 crypto mining machines
24
December
Dec.
Binance DEX adds the BNB/ETH trading pair
25
December
Dec.
Crypto YouTubers speak out as YouTube deletes their content
27
December
Dec.
Everyone thought Vitalik was selling a bunch of ETH, but it wasn’t him
December market stats
From Coin360
Numbers of the month
1 billion
the number of XRP tokens Ripple moved from its escrow wallet — to move them back seven min later
$8.9 billion
the new record for the amount of money moved on the Bitcoin blockchain within a single hour
$2.8 billion
the total value of financial bonds that the Chinese government moved with blockchain technology
66%
the amount of total hashpower Chinese miners have on the BTC network
Quotes
Turkey is a vibrant country that has illustrated one of the strongest demands and fast-growing interest in crypto
Changpeng “CZ” Zhao
Binance CEO
I feel sorry for them. I have a son that’s 27. I hope they can turn their smarts into something more beneficial
Victim of crypto fraud
speaks about the hackers
For the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate the achievement of Sustainable Development Goals
António Guterres
UN Secretary General
Merry Christmas to you also @YouTube. Apparently a video I posted two years ago on researching crypto is now illegal...Rules are changing
Node Investor
Buzz of the month
Upbit was hacked, millions of ETH moved.
Wherever there’s money, they’re bad guys chasing it.
More
Bakkt CEO Kelly Loeffler appointed to the US Senate
Steven Mnuchin doesn’t expect the US to issue a digital dollar within the next five years
Ex-Bitmain chip designer reportedly arrested for embezzlement
Fidelity launches a digital asset service
Adoption & Tech
Central Bank of China says digital yuan will be different from Bitcoin.
The country is the latest to emerge as a fan of blockchain technology.
Country-level
Lithuania, Switzerland, Venezuela, and more
British Virgin Islands announce US dollar-backed digital currency
Lithuanian Central Bank announces Blockchain Collector Coin
Regulated Swiss crypto bank Seba expands services to nine new countries
Venezuela and Argentina set new weekly P2P Bitcoin volume records
Russia’s Central Bank is testing asset-pegged stablecoins
Sweden’s central bank to partner with Accenture and launch e-Krona
Enterprise-level
Microsoft, TicTok, Gaming and more
The secret to driving crypto adoption is… gaming?
Major Asian shipping terminal joins IBM’s and Maersk’s blockchain platform
Diamond mining company Alrosa is putting diamonds on the blockchain with help from China’s Tencent
Microsoft revives non-fungible tokens and sparks the industry’s imagination
TikTok owner reportedly working with Chinese state media on blockchain
Ripple-based remittance firm SendFriend claims to save up to 80% in fees
Major regulation updates
Updates:
Restrictive
Permissive
Drafts:
Restrictive
Permissive
Drafts or updates or both:
BOTH Restrictive and
Permissive
Official Updates:
Restrictive
and
Permissive
France
France’s financial regulator grants the country’s first approval for an ICO
South Korea
South Korea seeks to tax crypto transactions as capital gains
Sweden
Swedish financial regulators have given crypto firm Amun approval to offer its exchange-traded products to investors in Sweden and the EU
Denmark
Danish court upholds the Nordea Bank’s ban on employees owning Bitcoin or other cryptos
USA
US SEC imposes $250,000 penalty for running an unregistered ICO
Uzbekistan
Uzbekistan bans people from buying cryptocurrency
Abkhazia
Government of Abkhazia to intensify its identification of crypto farms
Restrictive
Denmark
Danish court upholds the Nordea Bank’s ban on employees owning Bitcoin or other cryptos
USA
US SEC imposes $250,000 penalty for running an unregistered ICO
Uzbekistan
Uzbekistan bans people from buying cryptocurrency
Abkhazia
Government of Abkhazia to intensify its identification of crypto farms
Permissive
France
France’s financial regulator grants the country’s first approval for an ICO
South Korea
South Korea seeks to tax crypto transactions as capital gains
Sweden
Swedish financial regulators have given crypto firm Amun approval to offer its exchange-traded products to investors in Sweden and the EU
Drafts and Ideas:
Restrictive
and
Permissive
USA
Majority Leader of California State Assembly pushes for legal clarity around blockchain technologies
China
Former China Central Bank exec to reportedly head new tech regulation division
USA
Securities regulator says crypto investments are a major investor threat
Restrictive
USA
Securities regulator says crypto investments are a major investor threat
Permissive
USA
Majority Leader of California State Assembly pushes for legal clarity around blockchain technologies
China
Former China Central Bank exec to reportedly head new tech regulation division
Educate your
friends
!
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