by Florin Oprea
Lindsay Whitehurts – TIME
U.S. attorneys in Utah prosecuting a multimillion-dollar opioid drug-ring are moving quickly to sell seized bitcoin that’s exploded in value to about $8.5 million since the alleged ringleader’s arrest a year ago.
The U.S. Attorney’s Office for Utah cites the digital currency’s volatility in court documents pressing for the sale. The bitcoin cache was worth less than $500,000 when Aaron Shamo was arrested on drug charges.
FAO: Hey, you have futures now. Protect your holdings…Call your broker….
Stephen Little – The Independent
5% of those aged below 35 already have cash invested in a cryptocurrency.
FAO: Cool. The more the better. Speaking about millennials (yeah, I am one too), here’s a fashion trend in the making…All I want for Christmas is Hodlmoon’s bitcoin sweater…Although the ethereum one is matching my eyes better…hmmmm…
Brady Dale – CoinDesk
Coming in response to the news yesterday that competitor Indiegogo would facilitate ICOs on its platform, supporting entrepreneurial efforts in this new area of fundraising, a Kickstarter spokesperson told CoinDesk that the firm isn’t looking to follow this lead.
“The answer is 100 percent a very firm no,” a company spokesperson said.
FAO: Here’s the answer to the question everybody had in mind after Indiegogo’s surprise announcement yesterday.
Swiss-Israeli technology firm Sirin Labs said on Thursday it had raised $118 million in an ICO to support the development of an open source blockchain smartphone.
FAO: I will definitely need such a device. Maybe next Christmas?
Steven Russolillo – Wall Street Journal (subscription)
Some regulators say ICOs should be regulated like securities.
FAO: Why are they so worried? Hmm, $4bn untouched by taxes, I would be a bit worried too if I were a taxman. And speaking of worries, here’s (via CNNMoney) why U.S. senator Ron Wyden is worried about. He even sent a letter to the Treasury Department’s Financial Crimes Enforcement Network yesterday.
Aline Oyamada & Camila Russo – Bloomberg
Bitcoin trading expanded faster this year in emerging markets than developed ones — and quickest of all in places where authorities tried to crack down. Somewhere, Satoshi Nakamoto is smiling.
FAO: Maybe this is why regulators are so worried after all… Oh, you might want to read what the world’s central banks are saying about bitcoin – here (via Bloomberg).
Mike Orcutt – MIT Technology Review
The controversial currency IOTA rests on a mathematical “tangle” that its creators say will make it much faster and more efficient to run.
Lynsey Barber – City A.M.
A spokesperson for Deutsche Boerse told German media: “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for falling prices of the cyber currency.”
Such a move – which would signal the first cryptocurrency futures contracts in Europe – would be months away, according to the report.
FAO: Months away…means we will have crypto-futures EVERYWHERE ON THE GLOBE BY JUNE. It will be very interesting to see which European exchange will break the “ICE” on futures, bitcoin futures…
Sumit Roy – ETF.com
The launch of bitcoin futures now raises another important question―how long will it be before we see the first bitcoin ETF?
FAO: Here’s a start – Cboe has created the Cboe Gemini Bitcoin Futures Index (ticker symbol: XBTX) – Cboe press release here.
Julia La Roche – Yahoo Finance
RBC Capital Markets analysts Mitch Steves and Amit Daryanani believe that this is just the beginning of the cryptocurrency boom.
FAO: As any “universe”, it needs time to expand. But all signs point to this: the “cryptoverse” is having a heck of an expansion, especially these days. BTW CME’s next to launch futures, on Monday.
Computers creating cryptocurrencies using up more electricity. China dominates bitcoin making and is world’s top coal burner.
Ron Miller – TechCrunch
Xage is building a security fabric for IoT, which takes blockchain and synthesizes it with other capabilities to create a secure environment for devices to operate.
Sujha Sundararajan – Coindesk
Japanese web giant GMO Internet Group revealed that it soon allow staff to receive some of their salary in bitcoin.
FAO: Nice! History in the making…
Akin Oyedele – Business Insider
Japanese men in their 30s and 40s are the biggest drivers of the bitcoin boom.
Gary Bourgeault – Seeking Alpha
Riot Blockchain (RIOT) has been on a tear lately, and it has left a lot of investors scratching their heads even when taking into consideration it is competing in the highly desirable, but volatile, blockchain or cryptocurrency market segment.
Dan Falvey – Express
Customers who tried to access the free wifi were having their electronic devices infected with a malicious code aimed at mining cryptocurrencies.
How long the Starbucks free wifi has been mining online money is unknown.
FAO: Better keep this in mind next time when you order your non-fat frappuccino with extra whipped cream and chocolate sauce. BTW there’s a Hodlmoon monero sweater too…
Gary Smith – MarketWatch
Yes, the price people are willing to pay for bitcoin has soared, as did the prices of baseball cards, Beanie Babies, and Dutch tulip bulbs.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News