Blockchain Daily News – Edition 101, 23.11.2017
November 23, 2017
Blockchain Daily News – Edition 103, 27.11.2017
November 27, 2017

Blockchain Daily News – Edition 102, 24.11.2017

Blockchain Daily News

by Florin Oprea

Edition 102, 24.11.2017

Fans’ Section

Deutsche Bank Joins Bitcoin Bashing Brigade

Darryn Pollock – The Cointelegraph

In a voice that is all too familiar for Bitcoiners, another major lending institution has warned against everyday investors putting their money into Bitcoin. This time it is Deutsche Bank and their Chief Strategist Ulrich Stephan.

Ulrich Stephan: “I would simply not recommend this (Ed.note – BTC) to the everyday investor.

DNT: Sounds familiar? It’s not a spectacular tirade, like the ones we are used to, but, in a pure and efficient german style, the Deutsche Bank official resumed the same “feelings” that Jamie Dimon & co expressed in the last time. Check our Archive for details.

Deals, Investments & M&As

Indonesia: East Ventures Leads Funding Round In Bitcoin

Antonia Timmerman  – Deal Street Asia

VC firm East Ventures has led an undisclosed financing round in Bitcoin.co.id, a digital asset exchange platform based in Indonesia, according to an announcement.The platform has said it aims to use the funding to expand its reach in the Southeast Asia region.

This Gold Fund Is Joining the Bitcoin Frenzy

Ranjeetha Pakiam – Bloomberg (subscription)

The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon. The fund started buying in April with a mandate to allocate as much as 5%t to cryptocurrencies, according to its manager, Ned Naylor-Leyland. The idea is to take profits from bitcoin as it advances to reinvest in gold and silver assets, he said. “Bitcoin was explicitly designed to be digital gold,” said Naylor-Leyland.

DNT: Oh, I love this statement: “Bitcoin was explicitly designed to be digital gold”. This is “precious”! Guess it would also fit for Fans’ Section!

Cryptocurrencies

As Canada Scrutinizes ICOs, Quebec’s Cheap Power Is Helping Bitcoin Miners

Lester Coleman – Cryptocoins News

Quebec is becoming a center for bitcoin mining due to the province’s low electricity costs and its cold winters.

Exchanges & Trading Venues

Blockchain Platforms Enabling Users To Access Multiple Markets Simultaneously

Jeff Patterson – Finance Magnates

The Naga Group, by implementing blockchain technology is providing the opportunity for anyone across the globe to be able to for the first time, buy, hold and invest in Equities, CFDs, ETFs and commodities, as well as virtual goods of any kind by using cryptocurrencies. This will be achieved by using the platform’s native token, Naga Coin.

Nasdaq To Build Blockchain Voting System For Securities Depository Strate

Sujha Sundararajan  – CoinDesk

Exchange operator Nasdaq announced that it is developing an electronic shareholder voting system based on blockchain technology for the South African capital markets.

Latest Developments & Agreements

Bitstamp Partners Masterpayment For Cryptocurrency Purchases

Finextra

Bitstamp announces Masterpayment, an independent payment processor, specializing in the requirements of the new cryptocurrency markets, as its new partner for credit card processing and acquiring of cryptocurrency purchases.

BDA Partners With Government To Attract Cryptocurrency

Nasdaq GlobeNewswire

The Bermuda Business Development Agency will take a lead role in an initiative launched by the Bermuda government to accelerate the establishment and growth of digital currency business on the island.

Startups, Accelerators & Hubs

Putting Singapore’s Dollar On Blockchain May Prove It’s The Most Crypto Friendly Place On Earth

Loi Luu – Forbes

Singapore is widely regarded as one of the most crypto-friendly countries in the world, largely due to its stable politics, reliable infrastructure, and favorable business environment.Ultimately, the goal is to put the Singapore dollar on the blockchain. This initiative has been instrumental in reinforcing the image of Singapore as a leading financial hub and an innovator that pioneers in breakthrough technology.

DNT: Me and Florin have stated several times that Singapore is indeed a crypto-friendly example and it has to be followed. One of the most recents developments of the Singapore’s Central Bank is Project Ubin that plans to use distributed ledger technology to connect central banks around the world – more details here, Regulation section.

Budget 2017: Start-ups Offered Help In Unlocking £20bn Investment

Alex Ralph – The Times

Start-up companies starved of funding have been promised government support to unlock more than £20 billion of investment over ten years. The package for “innovative” businesses is including creating a new investment fund in the British Business Bank “seeded with £2.5 billion of public money” that would co-invest with the private sector to generate £7.5 billion of investment.

Analysis

What’s Keeping Blockchain Technology From Mass Adoption?

Daniel Dob – The Merkle

Blockchain technology has been around for a while now, and numerous companies have started exploring potential uses. At the same time, many startups have begun releasing blockchain-based services meant to simplify numerous aspects of our lives. Regardless, we’re still far from mass adoption of blockchain technology. Why is this so?

DNT: A very pertinent question! We would like to receive some answers from our readers as well. Is the lack of education? Or the regulatory issues? Send us your opinion! Meanwhile, check this well-structured story that can provide some answers.

In Israel, A blockchain And Crypto Hyper-Cluster Is Just Getting Started

Mike Butcher  -TechCrunch

Dubbed by many as “Startup Nation”, Tel Aviv has begun to produce a new breed of tech giants, but it’s now turning its hand to blockchain and crypto companies.

 

FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News