Maitland/AMO Cryptocurrency Monitor – 17 January 2020

17th January 2020

The Big Read

Indian Supreme Court Delays Hearing on Crypto Ban, Expects Slew on Comments

Cointelegraph reports that the Supreme Court of India has chosen to delay its full hearing of a high-profile case against the Reserve Bank of India’s ban on banks dealings with crypto-related businesses. In a recent interview Kashif Raza, co-founder of the Indian crypto regulatory news and analysis platform Crypto Kanoon, recapped what is at stake in the case and argued that news of the delay should not dishearten the local crypto community. Cointelegraph, 14 January 2020

Bitcoin’s January Surge Rekindles Memories of Crypto Bubble

Bloomberg reports that Bitcoin is off to its best start to a year since 2012, gaining about 20% in two weeks amid a renewed enthusiasm that it is reviving memories of the mania of a few years ago. The publication notes that Bitcoin has risen out of the downward price channel its been trading in for weeks, rising as much as 8.9% to $8,854, the highest since November. So-called altcoins were doing even better, with Dash and Bitcoin SV more than doubling and Bitcoin Cash up 60%. Bloomberg, 14 January 2020

New Kid on the Block – The Technologies, Funds and ICOs you should know about

Mediterranean Olive Oil Producer Uses IBM to Fight Food Fraud

Mediterranean, announced on January 14 that it is using IBM’S blockchain technology to provide traceability for its Terra Delyssa extra virgin olive oil. The company is the latest major food provider to join IBM’S Food Trust Network. The publication notes that the utilisation of blockchain allows CHO to track Terra Delyssa across eight quality assurance checkpoints, including the orchard where the olives were grown, the mill where olives were crushed, and the facilities where the oil was filtered, bottled and distributed. CoinTelegraph, 14 January 2020

Scams, Sanctions and Suspicious Activity

Analytics Firm Training Students to Detect Cryptocurrency Scams

Cryptocurrency analytics firm CipherTrace has launched “Defenders League,” a program designed to provide students with the training and tools necessary to investigate crypto-related scams. According to CipherTrace’s chief financial analyst, John Jeffereies, the software is used to detect money laundering, to enable regulatory supervision and to make the crypto economy safer for consumers and investors. Tokenpost, 13 January 2020

Bulls & Bears of the week

“It’s really hard to find assets not correlated with stocks and bonds that have the potential for higher returns that anyone can access" - Matt Hougan, Bitwise Managing Director and Global Head of Research

"Yes, it didn’t live up to everyone’s expectations right away, but that’s also happened with basically every other disruptive technology" - Judd Rosenblatt, Founder and CEO of AE Studio