Blockchain Daily News – Edition 123, 09.01.2018
January 9, 2018
Blockchain Daily News – Edition 125, 11.01.2018
January 11, 2018

Blockchain Daily News – Edition 124, 10.01.2018

Blockchain Daily News

by Florin Oprea

Edition 124, 10.01.2018

Fans’ Section

Bitcoin Slides As Website Drops South Korea Prices From Virtual Currency Rates

Gertrude Chavez-Dreyfuss – Reuters

Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.

FAO: That was a surprise for everyone. Right?

Jamie Dimon Says He Regrets Calling Bitcoin A Fraud And Believes In The Technology Behind It

Tae Kim – CNBC

J.P. Morgan Chase Chairman and CEO Jamie Dimon is backpedaling a bit on his earlier criticisms on cryptocurrencies.

I regret making” that comment, Dimon said.

The blockchain is real,” …”You can have cryptodollars in yen and stuff like that. ICOs … you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.

FAO: Excuse me, but…hahahahahahahaahahahahahahahahahaha! Jamie, aren’t you a little late to realize you probably cost your shareholders some money with your comments?

DNT: Say whaaaaat? And say it again!

Cryptocurrency Market Will See Crash And Then Consolidation, Ethereum Co-Founder Says

Ryan Browne – CNBC

Ethereum co-founder Charles Hoskinson raised concern about “unrealistic” cryptocurrency projects entering the space.

Bitcoin Could ‘Easily Double’ In 2018, Says Fundstrat’s Tom Lee

Annie Pei – CNBC

Tom Lee, One of Wall Street’s biggest bitcoin bulls says the cryptocurrency could “easily double” or even triple in 2018.

Bill Miller Says He’s Started A Separate Bitcoin Fund, Believes Ripple Run Has Gone Too Far

Liz Moyer – CNBC

Investor Bill Miller said he has split most of his fund’s bitcoin holdings into a separate fund.

The founder of Miller Value Partners said that the fund had moved 90% of its bitcoin holdings to a separate fund, with the main fund retaining a 10% weighting in bitcoin and its offshoot, bitcoin cash.

FAO: Check out the evolution of the HFR Cryptocurrency Index in 2017 in the “Analysis” section.

Cryptocurrencies

130-Year-Old Eastman Kodak Joins Cryptocurrency Craze With ‘KodakCoin’; Shares Surge

Liz Moyer – CNBC

The 130-year-old company said it has used blockchain to create a new platform for digital photography with its own digital currency, called KodakCoin.

Press release here.

You Can Now Rent A Kodak-Branded Bitcoin Mining Rig — But You’ll Have To Hand Over Half Of The Profits You Make

Rob Price & Matt Weinberger

Kodak, the once-iconic camera company, is licensing its brand to Spotlite, which builds computers specifically designed to mine bitcoin, for a new line of bitcoin mining machines. The two companies plan to rent use of the machines to the public for thousands of dollars.

FAO: A whole new different Kodak moment?

DNT: Looks like a pretty good thing to me…

Joke Bitcoin Alternative Dogecoin Surges In Value But Creator Expects Investors To ‘Lose Large Sums Of Money

Aatif Sulleyman – Independent

The price of a digital currency originally created as a joke has surged.

Dogecoin’s market capitalisation exceeded $2bn over the weekend, with its value driven by the huge growth in interest around bitcoin.

Ethereum Network Now Supports Tether-Issued USDT And EURT Tokens

Arnab Shome – Finance Magnates

Tether recently announced the introduction of both USDT and EURT tokens on the Ethereum blockchain.The company cites the efficiency, low transaction times and low fees of the Ethereum blockchain as the reason for this introduction.

Exchanges & Trading Venues

Why Coinsquare Is Integrating Monero

Finder

Major Canadian cryptocurrency exchange Coinsquare has announced plans to add Monero to its platform. The move appears inspired by the increasing popularity of the privacy-centric altcoin.The Canadian exchange is also planning to add other coins.

Vendors

Bitcoin Can Drop 50% And China Miners Will Still Make Money

Dan Murtaugh – Bloomberg (subscription)

Bitcoin mining is so profitable in China that the cryptocurrency could fall by half and miners would still make money, according to Bloomberg New Energy Finance.

FAO: Ain’t that swell?

BitPeople

Vitalik Buterin, Creator Of Ethereum, On The Big Guy Vs. The Little Guy

Laura Shin – Forbes

When Vitalik Buterin first conceived of Ethereum, he initially thought that after getting the project off the ground, he would go back to writing for Bitcoin Magazine, and maybe head back to university. Considering that Ethereum now has a market capitalization of about $120 billion, that seems almost unbelievable.

Regulation

Swiss Government Launches Blockchain Task Force

Nikhilesh De – CoinDesk

The Swiss government has launched a new group to cement its regulatory framework surrounding blockchain startups and ICOs. Taskforce Blockchain – spearheaded by Finance Minister Ueli Mausrer and Economics and Education Minister Johann Schneider-Ammann – includes both federal and local officials, as well as members of various blockchain startups and legal representatives, according to a fact sheet.

FAO: OH! BTW, the Crypto Valley Association (CVA), headquartered in the Swiss canton of Zug, just announced the creation of a code of conduct for ICOs.

Mexico Yet To Take A Stance On Taxation Of Transactions Executed With Cryptocurrencies

International Tax Review

A thrilling year-end in the cryptocurrency space, where most virtual currencies raised their value in three digit percentages in a matter of months, is ushering in a new wave of investors looking for high-risk/high-return opportunities. This makes the issuance of guidance on the taxation of transactions executed with digital currencies a pressing matter.

Nebraska Lawmaker Files 3 Blockchain Bills

Stan Higgins  – CoinDesk

A lawmaker in Nebraska has filed a trio of bills focused on blockchain and cryptocurrencies.

Public records show that state senator Carol Blood submitted three proposed laws to the Nebraska Legislature, one of which would amend the state’s money-laundering statutes to account for cryptocurrencies while the other two focus on blockchain applications more broadly.

Analysis

Hedge-Fund Managers Reap 3,175% Profit Off Bitcoin In 2017

Jeff Cox – CNBC

The HFR Cryptocurrency Index rose 88% in December and 3,175% for all of 2017. A similar blockchain index posted respective returns of 88 percent and 2,690%.

Central Banks Are Experimenting With Blockchain Technology — Here’s Why

Fraser Moore – Business Insider

The views of economist Garrick Hileman, from the University of Cambridge, about central banks experimenting with blockchain technology.

Are We Moving Towards Distributed Blockchain Economies?

Forbes

DNT:  A good question, try to find some answers in this story.

Other news

Rave Culture Is Making Its Move Onto The Blockchain

Ben Vickers & Hans-Ulrich Obrist – Wired

In one sense, the rave scene has always been encrypted. In its heyday, when news of illicit parties spread by word of mouth, you just needed to know the right people. But new technologies are adding another layer to this.

FAO: Progress!

Opinion

Bitcoin Price Warning: China Trying To Reset And Take Control Of Entire Blockchain Network

Joe  Barnes – Express

Bitcoin mining is said to be on its last legs in China as Beijing seeks to limit electricity supplies to bitcoin miners.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News