Hodler's Digest, Nov. 12-18: a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

According to the X8 director and co-founder, the ETH-based crypto asset is backed by a basket of eight fiat currencies and gold, allowing Islamic advisors' concerns over excessive volatility and speculation to be assuaged.

IMF's Christine Lagarde: Central Bank Digital Currencies Could Have Legitimate "Role".The head of the International Monetary Fund, Christine Lagarde, said this week that the international community should look into endorsing central bank issued digital currencies.

Judge Rules in Favor of Canadian Bank in Case With Crypto Exchange 5k.A judge has ruled in favor of the Canadian Imperial Bank of Commerce in the court case involving a $19.6 million disputed sum between the bank and Canada's largest crypto exchange QuadrigaCX. On Oct. 8, the exchange reported it had difficulties accessing its funds since january, when CIBC froze five accounts belonging to the exchange's payment processor, Costodian Inc., and its owner, Jose Reyes over its purported inability to identify the funds' owners.

Malaysian MP Asks Gov't to Develop Crypto Regulations Before Approving Political Funding Coin.A Malaysian Member of Parliament has asked the country's government to develop comprehensive cryptocurrency regulations before going further with the Harapan Coin crypto project.

Each crypto will have a certain market share within the upcoming ETP, with Bitcoin accounting for around half of the ETP's assets.

Major U.S. bank, Bank of America, has won a patent for a system that allow enterprises to store customers' crypto deposits.

Bitcoin Group SE, a German holding company, has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH. Bitcoin SE operates what is reportedly the county's only regulated crypto exchange, Bitcoin Deutschland AG. With the acquisition, the crypto holding will now obtain the use of Tremmel's banking license, allowing the company to "Significantly expand" its crypto-related offerings and operate ATMs for cryptocurrencies in Germany.

The crypto frenzy late last year brought the prices for Nvidia gaming cards up, but with the bear market, the prices have not decreased quickly enough to attract customers waiting for more affordable cards, according to the Nvidia founder and CEO Jensen Huang.

WSJ Report: SEC Opened Probe Into Erik Voorhees, Crypto Loans Firm Salt Over Token Sale.The Wall Street Journal reported this week that the U.S. Securities and Exchange Commission had opened a probe in February against crypto loans company Salt Lending Holdings, which was once associated with crypto industry stalwart Erik Voorhees.

In the third part of Cointelegraph's series on Chinese cryptocurrency regulations, the article looks at the People Bank of China's crypto regulatory interventions, as well as the role of China's judiciary in cases involving crypto.