by Florin Oprea
Garrett Baldwin – Money Morning
John McAfee isn’t afraid of making bold predictions, and he upped his Bitcoin price target from $500,000 to $1 million by 2020. There’s speculation on whether McAfee believes it’s Bitcoin or Bitcoin Cash that will reach this value. Businessman Craig Wright, though, believes McAfee is referring to the value of Bitcoin and its forks combined.
DNT: Whoa…Cybersecurity legend strikes again! He said several times that he is willing to “bet his manhood” on BTC growth. Anyone interested? 😀
FAO: I also think he referred to Bitcoin and its forks combined… BUT, you never know….
Evelyn Chang – CNBC
Former Fortress hedge fund manager Michael Novogratz says that bitcoin’s sharp price gains could result in more government regulation.
Novogratz: “I’ve got concern that if price movements go higher we’re going to get more regulation. But “I think it’s hard to shut down. … I don’t think that’s a probability.”
DNT: Recently, Michael Novogratz made a prediction about BTC, saying it could “easily” be at $40,000 at the end of 2018. Details here, Fans’ Section.
FAO: Shutting down bitcoin, hmm…better find that Satoshi Nakamoto guy fast and tell him to pack his toys and leave this town.
Jillian D’Onfro , Megan Hawkins – CNBC
PayPal co-founder Max Levchin believes in blockchain technology, but isn’t quite so sure about bitcoin.
Levchin: “It’s a brilliant mathematical idea, fantastic technology, interesting commodity to speculate on,” ..”TBD on whether it’s a currency or just a way to make money fast. I invest in things that I have a strong, long-term point of view on and bitcoin I’m still trying to figure out.“
FAO: Well looks like Levchin already figured it out, he said it’s a “commodity”, n’est-ce pas?
Mo Marshall – Venture Beat
Brady Dale – CoinDesk
Blockstack’s ICO has officially closed, with the company announcing it has raised $50 million through the sale of 440 million tokens.
FAO: One success after another. Blockstack was CoinList’s second ICO, after Filecoin, which raised $205m in a month – more details here in one of our September’s bulletins.
Maria Konash – Coinspeaker
Bankera, a digital banking platform that plans to accept both fiat and cryptocurrencies, has announced the beginning of its token sale event. This follows Bankera’s pre-sale, which raised over 25 million Euros from 16,000 unique contributors, becoming one of the biggest ones in terms of total money collected.
FAO: Interesting project. What’s even more interesting is that it isn’t a blockchain-based project…thus targeting “classic” investors too. Right? 😉
Dave Liedtka – Bloomberg (subscription)
Bitcoin surpassed $12,000 for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors.
DNT: At the time of writing, BTC was trading at $13k.
FAO: Speaking of the devil, oh, pardon me, bitcoin futures…a Tokyo exchange is already planning a contract…
Stan Higgins – CoinDesk
Tokyo Financial Exchange has formed a working group as part of an early effort to start listing futures contracts based around the cryptocurrency.
Palwasha Saaim B.Sc – Profit Confidential
A little-known cryptocurrency is making waves on major cryptocurrency exchanges. In just two days, this cryptocurrency jumped to the fifth spot on the leaderboard of the world’s most valuable cryptocurrencies. The IOTA cryptocurrency market capitalization has topped $7.8 billion, and is now closely trailing that of Ripple.
Victor Reklaitis – Market Watch
Cryptocurrencies are enjoying a boom, and Venezuelan President Nicolas Maduro wants to get his cash-strapped nation involved. The authoritarian leader announced plans for a bitcoin-like virtual currency named the “petro.”He expects the new cryptocurrency will provide ways for his country to sidestep U.S.-led sanctions.
FAO: Now this is an interesting project. Don’t you think? How to use cryptos in order to survive, as a NATION! We will keep a close eye on “Petro” since its birth and evolution could represent a “chapter” in any manual of modern economics, in a not so distant future…
Max Keiser, Stacy Herbert – Sputnik News (audio)
DNT: For the ones who want to understand how Dash works and what functions are setting it apart from other cryptos, we recommend this quite useful discussion between Max Keiser and Stacy Herbert with Mark Mason from Dash Force News.
Sarit Markovich – Fortune
Bitcoin’s recent rise raises important questions around risk and transparency for investors and exchanges alike, and whether a crash is looming. The issue is that, like any investment vehicle, the value of bitcoin and other cryptocurrencies is subject to manipulation by large entities that have a stake in it, especially large-scale traders. The cryptocurrency exchange Bitfinex is the main actor to think about here.
Marc Hochstein – CoinDesk
Bitfinex has hired the law firm of Steptoe & Johnson and is threatening legal action against a pseudonymous blogger who it says have made false claims about the bitcoin exchange.
In a statement, Bitfinex said it hired Steptoe to respond to such claims with “appropriate action,” including “possible litigation” against “various parties.” Jason Weinstein, who leads the blockchain practice at Steptoe, confirmed its hiring by Bitfinex in an email.
FAO: Pretty important stuff to ignore. Better read both stories…
Jeff Patterson – Finance Magnates
The website was down to many users for nearly two hours, drawing widespread complaints. he disruption coincided with a ‘free’ trading announcement for Bitcoin Cash, which was set to last until the end of the month.
Bitcoin Bubble Burst watches for price changes and major news events that could impact cryptocurrency markets and provides real time alerts to users. There are multiple existing apps that warn of such changes but none that flag impending volatility in exactly the same way, using machine learning algorithms that have been specifically trained using bitcoin price change data sets.
Sujha Sundararajan – CoinDesk
Consortium startup R3 has launched its Corda distributed ledger platform on the Amazon Web Services marketplace.
Jon Buck – Cointelegraph
In a recently released patent office filing, UBS, the 935 bln CHF Swiss banking giant, has sought approval for a Blockchain technology-based validation platform for users. The patent indicates that UBS is pursuing Blockchain technology as a solution for client IP and user validation.
Nupur Anand – Quartz
The Reserve Bank of India warned investors against betting on bitcoin and other cryptocurrencies.
The Jakarta Post
Bank Indonesia plans to issue a regulation prohibiting transactions using Bitcoin. he regulation would take effect starting next year, an official has said.Bank Indonesia head of transformation Onny Widjanarko said the regulation on e-money would be issued in the near future.
FAO: No change in our Crypto-Teams BDN Global Outlook
Team “Pro”: Japan, Hong Kong + Singapore, Australia, United Arab Emirates, Bahrain, Cambodia, Kazakhstan, Catalonia, Argentina (latest entry)
Team “Against”: China, India, Russia, Malaysia, South Korea, Indonesia, Lebanon, Taiwan and Zimbabwe (latest entry).
Team “Neutral”: EU (FOR NOW), USA, Canada
Hauser: “[Bitcoin] looks like a bubble, smells like a bubble, behaves like a bubble and feels like a bubble, which explains the increase from $2,000 to $11,000 in a few months – and then suddenly a 20% drop. The chase after bitcoin reminds me of the 19th-century gold rush”.
DNT: A story that could easily be introduced in our Fans’ Section. But, since it’s a very crowded zone there, it fits also here for our website readers.
Oh, just as a fact: this may have been the last public address of Shmuel Hauser before stepping down as chairman of the Israel Securities Authority. So, maybe, in the future he will reconsider his position..
Oscar Williams-Grut – Business Insider
Goldman Sachs asked clients their views on bitcoin’s likely price trajectory, yet another sign of growing interest in cryptocurrency from mainstream finance. Goldman Sachs’ market “strat” team within the securities division sends a monthly poll to clients to gauge their thinking on a variety of investment issues.
Frederic Lardinois – TechCrunch
At least 1 million in ETH became frozen — and about $90 million of those were actually from Parity co-founder and Ethereum core developer Gavin Wood’s token sale for its Pokadot blockchain technology. The money may not be lost forever, though.
The Australian (subscription)
The price of a Bitcoin has risen tenfold in 10 months. Yet whether and when the bubble will burst is beside the point, which is that Bitcoin works.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News