Blockchain Daily News – Edition 134, 24.01.2018
January 24, 2018
Blockchain Daily News – Edition 136, 26.01.2018
January 26, 2018

Blockchain Daily News – Edition 135, 25.01.2018

Blockchain Daily News

by Florin Oprea

Edition 135, 25.01.2018

Fans’ Section

‘Not True’: Goldman Denies Bitcoin Trading Rumor

Stan Higgins – CoinDesk

The CEO of Goldman Sachs has denied a report from last year which said that the investment bank was moving to launch its own bitcoin trading desk. In October, the Wall Street Journal reported that such a plan was in the “early stages,” citing sources with knowledge of the process.

FAO: We had that report – first title in this December edition. I don’t know why BUT this makes me think about the famous “You? Me? Him?” “Rush Hour 3” scene – check it HERE via YouTube.

DNT: I would have said the same…even if I would have had such plans. It’s just another “defensive” statement. We shall see!

Uniform Global Curbs On Cryptocurrency Trading May Be Hard: BOJ Official Hiromi Yamaoka

Leika Kihara, Yoshifumi Takemoto – Reuters

South Korea and China have tightened regulations but Japan wants to ensure any rules that it adopts won’t hinder innovation, said Hiromi Yamaoka, head of the Japanese central bank’s division on payment and settlement systems.

FAO: Here is what I think is a proof of Asian wisdom…

Deals, Investments & M&As

Coinsquare Crypto Exchange Eyes $120 Million IPO In Canada

Natalie Obiko Pearson – Bloomberg

Coinsquare is targeting about C$150 million ($120 million) in an IPO in September to help finance an overseas expansion.

FAO: Whoaaa…(eyes rolling)…whoaaaaaa…

Riot Blockchain Claims 500 Bitcoins In U.S. Marshals’ Auction

Olga Kharif – Bloomberg

Riot Blockchain won 500 Bitcoins in an auction of property seized by the U.S. Marshals Service, a bet that the digital currency’s breath-taking run isn’t over.

FAO: I am sure you recall we had a report on this auction earlier this month. The marshals conducted a sealed bid auction for approximately 3,813 Bitcoins.

Grayscale Plans Five New Crypto Funds

Natalie Obiko Pearson – Bloomberg

Grayscale Investments, which made it easier for mainstream investors to bet on Bitcoin, plans to offer four new single-currency crypto funds and another based on a basket of digital currencies by the start of April.

Cryptocurrencies

Ratings Firm Issues First Grades On Cryptocurrencies, Sparking Outrage Online And A Cyberattack

Evelyn Chang – CNBC

Weiss Ratings, which claims to offer the first “ratings” on cryptocurrencies, has judged ethereum to be better than bitcoin. The securities ratings agency announced that it gave ethereum a B rating because it “benefits from more readily upgradable technology and better speed, despite some bottlenecks.”

Blockchain Is ‘Bigger Than Bitcoin’, Says Firm Behind Tech ETF

Carolina Wilson – Bloomberg

Eric Ervin, CEO of Reality Shares, talks about why the firm developed a blockchain ETF rather than a cryptocurrency fund.

Exchanges & Trading Venues

China’s Cryptocurrency Crackdown Cost BTCC Tens Of Millions In Revenue

Oscar Williams-Grut – Business Insider

Bobby Lee, the CEO of one of China’s biggest bitcoin companies says Beijing’s decision to crackdown on bitcoin trading in the country lost his businesses tens of millions in revenue.

Founded in 2011, BTCC was the world’s oldest bitcoin exchange until it shuttered its exchange in September last year under pressure from Chinese authorities.

FAO: So what are you going to do now? Sue them? LOL.

Vendors

Ripple Just Added 2 Financial Services Firms To Its Roster Of Clients

Frank Chaparro – Business Insider

The fintech company, best known for its native digital currency XRP, announced that two payment companies — IDT Corporation and Mercury FX — would begin using its xRapid product to settle certain transactions.

ICO Funded Projects Hit By 100 Cyber Attacks A Month

Reuters Staff – Reuters

The research, published by Moscow-based cyber security firm Group-IB was based on an analysis of 450 attacks on ICOs since the beginning of 2017.

BitPeople

Meet Jamie Smith – The Woman On A Mission To Teach Us About Blockchain

Joe Miller – BBC

“You can trace it to the exact age of my son,” says the former White House deputy press secretary, whose impressive CV includes stints working for Barack Obama, Hillary Clinton and Madeleine Albright.

DNT: Pretty impressive!

Regulation

Russia Ready To Regulate, Not Ban Cryptocurrencies

Reuters Staff – Reuters

Russia’s Finance Ministry said it was working on legislation to regulate cryptocurrency transactions without fully banning them or legalising digital FX as a means of payment in Russia.

FAO: To keep everybody happy…

DNT: Banning it’s not profitable..but regulation can be. Especially if it involves taxation…

Startups, Accelerators & Hubs

Silicon Valley’s Quest For A Digital Currency Continues After Stripe Abandons Bitcoin

John Detrixhe – Quartz

Stripe, a San Francisco-based payment processor for more than 100,000 businesses, will stop processing bitcoin transactions on April 23.

FAO: Stripe ditching BTC support – reported yesterday. Only to make room for Stellar? Check this CNBC report here.

Analysis

Chinese Companies ‘Increasingly Falling Victim To Bitcoin, Cryptocurrency Fraud’

Enoch Yiu – SCMP

Bitcoin and other cyber-related fraud are on the rise in China as the world’s second largest economy develop and adopt new technology and online payment methods, according to global risk management firm Kroll.

Other news

U.S. Accuses Nevada-Based Company Of Cryptocurrency Scam

Nate Raymond & Susan Heavey – Reuters

U.S. regulators accused a Nevada company and two men involved with it of misappropriating over $6 million from customers seeking to buy a virtual currency called My Big Coin.

Opinion

Crypto Finance Meets Regular Finance

Matt Levine – Bloomberg

FAO: A follow-up on Matt’s The Blockchain Is Not the World” piece the other day.

Bitcoin Won’t End In A Lehman Brothers-Like Crash, Says MAS Fintech Chief

Lin Xueling – Channel News Asia

The Monetary Authority of Singapore’s chief fintech officer Sopnendu Mohanty said he does not foresee a Lehman Brothers-like financial meltdown with Bitcoin at this point of time. Mr Mohanty pointed out that regulators around the world are keeping a close watch on cryptocurrency trades, and there is “a great indication that regulators are getting serious about this whole cryptocurrency market”.

The Hype And Reality Of Blockchain

Vikram Khanna – Straits Times

The revolutionary promise of blockchain, which is touted as the harbinger of the fourth Industrial Revolution, has created a gold-rush mentality, reminiscent of the early days of the Internet. The hype and the Fomo (fear of missing out) factor have led hundreds of companies to unveil so-called blockchain initiatives.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News