<h1>Blockchain-Related Developments Through The Last Week</h1>
<a href="https://www.cryptoknowmics.com/"><strong>Cryptoknowmics</strong></a> tries to get you aware over a single event regarding crypto Industry. In this concern, it brings the one-glimpse review over the events happened from Nov 11-17.

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<h2>BlockShow Asia 2019: Binance's CEO Speaks Openly Regarding China's Virtual Currency</h2>
The last week, <a href="https://blockshow.com/">BlockShow Asia 2019</a> took place, left the plenty of the events about crypto space to enjoy. Binance's Changpeng Zhao was amongst the speakers. And he stated that China will develop the Central bank digital currency based on blockchain. Zhao explained the reason, how Beijing wants to drive the impact of the renminbi worldwide to make it competitive with U.S dollar. He welcomed the rivalry in crypto space, saying:
"Having is better than not having. Holding stablecoins is better than not holding them. Having Libra is better than not having it.”

BlockShow Asia 2019: Calls for Clarity and Caution on Crypto Regulation

Crypto regulation was another concern discussed during the span of two days event. Managing Partner at Proof of Capital, Edith Yeung openly criticized American regulator for leaving blockchain-oriented ventured in dark. More, such as Mike Kayamoni, co-founder of Quoine, were way more cautious. He stated regulation needs to done carefully, he warned, "The government can’t try to regulate things it still doesn’t understand.”

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<h2>BlockShow Asia 2019, 99% of the token price is Completely Speculation, states Sunny Lu</h2>
Another panel concentrated on developing token value at BlockShow. Sunny Lu, Co-founder of Vechain proclaimed 99% of a token's value is complete speculation, rather than the value that brings a solution to the society. He further said:
"This causes many startups to waste a lot of time producing and 'selling' the token, failing to develop solutions for where they were initially focused.”
Rest of the speakers admitted that it can not be easy to determine the blockchain projects' value, given how the blockchain space is still immature. But they said confidently that it will be easier along with continuous advancement of the market.

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<h2>Indian Parliament Will not Consider Complete Ban on Crypto in This Winter Season</h2>
There is another quick review on the news of the last week related to India. As more headlines came out alongside them, there was a piece of news emerged that India's proposed ban on crypto is being postponed. The draft bill was expected to be presented in Parliament's winter session that takes place during the span of Nov 18 and Dec 13. But the bill was not included in Agenda for this session. Crypto enthusiasts, business dealers, and consumers have shown their concerns as the law proposes 10 years imprisonment for those who found dealing in digital currency. The Indian exchanges expressed a feeling of pleasure over the delay. Some of the Dealers urged campaigners to set competition and ego aside to take the case forward to the regulators in a united manner. Some said the delay showed that government is perhaps reconsidering their recommendations.

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<h2>OneCoin Co-Establisher Pleads Guilty, Faces Up to 90 Years imprisonment</h2>
Co-founder of the crypto scam, OneCoin, Konstantin Ignaton has pleaded guilty to getting involved in the multibillion-dollar scam. Pleading guilty, he confessed plenty of charges which are inclusive of money laundering and fraud. He is facing 90 years in jail, but will reportedly face no further charges for his role in OneCoin, except Tax violations.

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<h2>Who is Where?</h2>
At the finishing point of the week, Bitcoin is at $8,602.00, Ether is at $185.94 and XRP is at $ 0.026. The total market capitalization is at $235, 793, 356, 657.

The top three Altcoin gainers of the week are eosBLACK, Sparkster and MMOCoin. While the top three Altcoin losers are Monoeci, USDX and Bitcoin God.

Blockchain-Related Developments Through The Last Week

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