Blockchain Daily News – Edition 107, 05.12.2017
December 5, 2017
Blockchain Daily News – Edition 109, 07.12.2017
December 7, 2017

Blockchain Daily News – Edition 108, 06.12.2017

Blockchain Daily News

by Florin Oprea

Edition 108, 06.12.2017

Fans’ Section

John McAfee Sets $1 Million Price Target For Bitcoin

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….

Hedge Fund Manager Novogratz Worried Surging Bitcoin Price May Attract Government Regulation

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.

PayPal’s Levchin On Bitcoin: ‘I’m Still Trying To Figure It Out’

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?

Deals, Investments & M&As

Blockstack Raises $52 Million To Build A Parallel Internet Where You Own All Your Data

Mo Marshall – Venture Beat

USV, Winklevoss Bros Invest In $50 Million Blockstack ICO

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.

Bankera ICO Is Live Now: Become The Part Of Banking Revolution

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? 😉

Cryptocurrencies

Bitcoin Climbs To $12,000 As Futures Move Closer To Reality

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…

Tokyo Financial Exchange Planning Bitcoin Futures Launch

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.

Why IOTA (MIOTA) Just Became World’s Fifth-Most Valuable 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.

Venezuela Jumps On Cryptocurrency Bandwagon With Bitcoin-Like ‘Petro’

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…

A World Gone Crypto Crazy!

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.

Exchanges & Trading Venues

Commentary: The Overlooked Actor That Could Crash Bitcoin

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.

Bitfinex Hires Law Firm To Challenge Critics

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…

Bitstamp Website Disrupted Following Free Bitcoin Cash Trading Promotion

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.

Vendors

Bitcoin Crashing? App Aims To Flag Crypto Price Dives Before They Happen

Russia Today

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.

R3’s Corda Platform Launches On Amazon Web Services

Sujha Sundararajan – CoinDesk

Consortium startup R3 has launched its Corda distributed ledger platform on the Amazon Web Services marketplace.

DNT: Recently R3 has also deepen the Integration With Microsoft Azure. You can check our free Archive for more of R3 developments.  

Latest Developments & Agreements

UBS Files Patent For Blockchain Validation

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.

Regulation

After China, India’s Central Bank Warns: Beware Of Bitcoin

Nupur Anand – Quartz

The Reserve Bank of India warned investors against betting on bitcoin and other cryptocurrencies.

Bank Indonesia To Ban Bitcoin Transactions Next Year

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

Bitcoin Looks Like A Bubble, Warns Israel Securities Authority Chief, Shmuel Hauser

Haaretz

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..

Analysis

Goldman Sachs Asked Clients About Bitcoin’s Price Trajectory

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.

Opinion

Parity CEO Is Confident That $150M In Frozen Ethereum Isn’t Lost Forever

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.

Bitcoin Is Only The Beginning Of A Global Blockchain Revolution

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