by Florin Oprea
Alexander Osipovich & Gunjan Banerji – Fox Business
CME launched bitcoin futures on Sunday, seeking to capitalize on the mania for the booming digital currency.
FAO: Oh, btw, Citi & CME Clearing have implemented a real-time distributed ledger platform developed by Baton Systems – more here. Things are moving fast!
Dan Murphy – CNBC
Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas.
Moas: “Bitcoin is already up 500% since I recommended it in the beginning of July, and I’m looking for another 500% move from here.”
DNT: Check our FREE ARCHIVE for more price predictions on BTC and other altcoins.
Dan Murphy & Oriel Morrison – CNBC
Lee: “I would be happy if litecoin stays at around $300 by the end of next year.” It’s still very surprising how much it has grown this year,”
Lee noted that the frenetic growth in cryptocurrency prices was also impeding their wider adoption as most people were using them as a speculative asset rather than using them to make real-world transactions.
DNT: After rallied almost 8,000% this year, Litecoin is the world’s fifth-largest cryptocurrency, The market capitalization of Litecoin more than $15 billion, according to coinmarketcap.com. At the time of writing, LTC was trading around $315.
FAO: Amazing year for LTC. Lee’s strategy of leaving Coinbase last summer to focus on LTC seems a winning one, at least so far.
Claire Brownell – Financial Post
Nikhilesh De – CoinDesk
Mobile messaging startup Kik is planning to shift its Kin token network from ethereum to Stellar, CEO Ted Livingston said. The company’s founder argued that ethereum’s blockchain – which the app is presently based on – is unable to scale to the level that Kin needs, among other issues. The answer, he said, is to shift to the Stellar network, first unveiled in 2014 and created by Ripple co-founder Jed McCaleb.
FAO: Too many CrptoKitties out here?… Time for Ethereum to unleash those CryptoDogs?!? More about Kik’s token sale – here.
Danny Fortson – The Times (subscription)
Bloomberg has added the prices of three cryptocurrencies to the 325,000 trading terminals it leases to banks, hedge funds and investment firms around the world.The decision to list ripple, ether and litecoin is the latest sign of the frenzy over digital currencies.
FAO: “Cryptoverse” going mainstream…
Lily Katz & Rob Urban – Bloomberg
Victor Golovtchenko – Finance Magnates
The COO of Coinbase and former chairman of the board of Saxo Bank, Asiff Hirji, confided that the company is looking into an IPO at some point in time. The step was cited as “the most obvious path” for the company going forward.
FAO: Asiff Hirji was appointed President and COO of Coinbase the other week.
Yukinori Hanada – Nikkei Asian Review
Seeking fresh channels for growth, cryptocurrency trading platforms in Japan — the world’s biggest market — are branching out to other parts of Asia and beyond. Quoine is launching in the Philippines next year. Bitpoint Japan, a subsidiary of Remixpoint that brought trading to South Korea last month, is set to enter Taiwan in January.
Dune Lawrence – Bloomberg (subscription)
Reuters Staff – Reuters
South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen.
DNT: Read here, Other news Section, about how North Korean hackers’ attempts to steal bitcoin from South Korea have led to tightening the regulations regarding cryptos.
Victor Golovtchenko – Finance Magnates
Kraken, has announced that it is preparing a major upgrade to its systems. The company has been going through some tough times recently with the performance of the exchange being highly criticised by users. Kraken has highlighted that its recent troubles are caused primarily by continually increasing demand. The exchange states that it has seen a sharp spike higher in the number of users that use its services.
FAO: It was about time, looks like they want to survive…
Transneft said its computers had been used for the unauthorized manufacture, or “mining”, of the cryptocurrency Monero but said the firm now had systems to prevent this happening again. Software for mining cryptocurrency were automatically downloaded from the web by a Transneft computer and was then deleted, spokesman Igor Demin said. He also said the pipeline company had programs to such block downloads in future.
FAO: They “transported” more than just oil…
Sameepa Shetty – CNBC
When cryptocurrencies were less popular, a miner with a computer at home could solve the puzzle quickly. But now bitcoin mining requires ever more and faster computing. A few companies, including Genesis, are starting to provide the cloud services needed to supply that capacity. “We provide everyone access to mining through our cloud-based infrastructure,” said Marco Streng, the CEO and co-founder of Genesis.
Michael Kaplan – News York Post
Bitcoin was created by Satoshi Nakamoto from Japan. Or, some say, he or she might be a Finnish sociologist or a mathematician from Israel. Some think Nakamoto is the pseudonym of software developer Gavin Andresen, others believe it’s Tesla creator Elon Musk. (Both have denied the claim.) Whoever it is, the person behind bitcoin has never given an interview.
DNT: ..and he or she will not give an interview any time soon..We will see.
Francesco Guarascio – Reuters
European Union states and legislators agreed on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said.
Bitcoin exchange platforms and “wallet” providers that hold the cyber currency for clients will be required to identify their users, under the new rules which now must be formally adopted by EU states and European legislators and then turned into national laws within 18 months.
FAO: More regs, more regs, as anticipated (discussed here)…EU still neutral though, so no change in our Crypto-Teams BDN Global Outlook.
Huw Jones – Reuters
Britain’s markets watchdog will step up its scrutiny of ICO market to see if new rules are needed to protect investors after issuing an alert in September.
The Financial Conduct Authority said it would gather further evidence on the market and conduct a deeper examination of what it called fast-paced developments.
FCA’s feedback statement on DLT here, via MondoVisione.
The Korea Blockchain Industry Association announced measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world’s busiest virtual currency exchange, Bitthumb. The Korea Blockchain Industry Association said users would only be allowed to trade virtual currency through one account after their identity has been confirmed via traditional financial institutions like banks.
FAO: I guess 2018 will be the “crypto-regulation year” across the world…
Ed Clowes – Zawya
Suparna Dutt D’Cunha – Forbes
Dubbed as the “city of the future”, Dubai, which plans to have robot cops, flying taxis and autonomous vehicles on its roads in coming years and appointed a minister in-charge of Artificial Intelligence recently, is planning yet another transformation: to become the world’s first blockchain-powered government. By 2020, the emirate wants all visa applications, bill payments and license renewals, which account for over 100 million documents each year, to be transacted digitally using blockchain.
Sean Williams – The Motley Fool
Between March 20 and Dec. 10, it’s gained over 6,300%! The reason? Look no further than its blockchain.
Kiran Raj & John Roth – The Wall Street Journal (subscription)
DNT: A different view about cryptos, from Kiran Raj and John Roth who left government to join the Bittrex.
Sujha Sundararajan – CoinDesk
A Greek court has given the green light for the extradition of alleged bitcoin money launderer Alexander Vinnik to the U.S.
DNT: The entire saga of Alexander Vinnik trial is available in our FREE ARCHIVE. Just a simple search is enough.
Nicola Harley – The Telegraph
Developers have sold the first two luxury homes in the UK using bitcoin currency.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News