Russia Drafts Laws to Confiscate Cryptocurrencies – November 13

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $8,785

Bitcoin tested the market in both directions over the last 24 hours, with price ending up in the same range as the previous 2 days.

Most top-20 altcoins have also remained completely still, with Ethereum and XRP moving less than half a percent each in the last day of trading.

Two coins have made solid moves to the upside, however, with NEO up 7% and Binance Coin up 4%.

Top Stories for November 13, 2019 πŸ”₯

πŸ‘‰ Russia Drafts Laws to Confiscate Cryptocurrencies

Reports out of Russia are claiming that their Ministry of Internal Affairs is developing proposals for the legal seizure of cryptocurrencies.

The proposals will be prepared by the end of 2021, in collaboration with several organisations including a federal monitoring branch, the Prosecutor’s General Office, the Justice Ministry, and others.

πŸ‘‰ China’s Digital Currency Will Have “Controllable” AnonymityΒ 

Chinese Central Bank official Changchun Mu addressed privacy concerns surrounding the country’s digital currency today, at a conference in Singapore.

He acknowledged the demand for anonymity of transactions by the general public, stating that the currency will have “controllable anonymity.

It appears that transaction data will be hidden from the public, but will be accessible by authorities in the case of suspected criminal activity.

πŸ‘‰ Coinmarketcap Cracks Down on Manipulated Markets

Popular coin tracker CoinMarketCap has launched a new tool, which aims to assist users in seeing through manipulated markets with fake trading volumes.

The new metric will be called “liquidity”, and will become the default ranking criteria for exchanges and trading pairs.