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Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

CryptocurrencyNov 10, 2019 07:01PM ET
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© Reuters. Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Russia: New law would let police confiscate Bitcoin from 2021We begin in Russia, where the government is pursuing a seemingly impossible law that would allow it to confiscate Bitcoin (BTC). Reports suggest that the plans, which target “digital assets,” could become law in 2021. Nikita Kulikov, the head of a dedicated committee to the matter in Russia’s parliament, said such mechanisms are necessary because of “the constant growth trend in crimes using virtual assets, and the lack of consumer protection in the face of this kind of criminal onslaught.” The country’s laws regarding cryptocurrency have been long-awaited but subject to multiple delays. For this law to work, it seems that crypto would require legal recognition in order for the government to justify its confiscation as part of legal proceedings. But there are bigger hurdles Moscow may face. First off, would exchanges comply with any order to hand over crypto? And second, how would the authorities manage to confiscate coins protected by a private key only the cybercriminal knows?

Hong Kong steps up research into central bank digital currency“Bullish for Bitcoin” — China scraps plan to ban cryptocurrency miningDavid Marcus says Calibra is considering audits to prove data protectionsCoca-Cola using blockchain for $21-billion-per-year networkRoger Ver apparently thinks Bitcoin Cash value could increase 100,000%A note from the editor: Allow me to introduce myselfIllinois state lottery winner puts half his $500,000 into BitcoinVenezuelan President Nicolas Maduro touts Trezor Bitcoin wallet on national TVBitfinex cancels $8 million Kim Dotcom IEO citing “clear” regulatory risksAnalysts laugh off recent “one-whale theory” of BTC’s 2017 bull runThe SEC does not want crypto ETFs — what will it take to get approval?Continue Reading on Coin Telegraph

Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10
 

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