Blockchain Daily News – Edition 139, 31.01.2018
January 31, 2018
Blockchain Daily News – Edition 141, 02.02.2018
February 2, 2018

Blockchain Daily News – Edition 140, 01.02.2018

Blockchain Daily News

by Florin Oprea

Edition 140, 01.02.2018

Fans’ Section

Arun Jaitley Has Just Killed India’s Cryptocurrency Party

Nupur Anand – Quartz

It appears to be the end of the road for cryptocurrencies in India. Finance minister Arun Jaitley, in his budget speech, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems.

FAO: New crypto enemy on the horizon! But this was HIGHLY ANTICIPATED! So don’t make too much fuss about it! We have been publishing our Crypto-Teams BDN Global Outlook for quite a while (last update here). Anyway, no change to be made there. One q though: How do you say “Sayonara” in bengali?

If You Bought $1,000 In Bitcoin A Month Ago, Here’s How Much You Would’ve Lost Now

Brad Tuttle – Money

After an absolutely phenomenal 2017, Bitcoin is getting off to a brutal start in 2018. The leading cryptocurrency skyrocketed in value last year, increasing from $800 to nearly $20,000, making many Bitcoin billionaires along the way.

FAO: Oh this headline just made my day. Remember all those “If you bought crypto a time ago” articles last year? Read our FREE ARCHIVE, we had a few, until we decided to stop running them.

Cryptocurrencies

Cryptocurrency Scams Are Just Straight-Up Trolling At This Point

Louise Matsakis – Wired

Facebook announced in a blog post that it was banning cryptocurrency advertising from the platform entirely. The company said that many ads for cryptocurrency investment opportunities, like ICOs, were “not currently operating in good faith.” Facebook has a point. Take Prodeum for example, a Lithuanian cryptocurrency startup that appeared online for just a few days.

DNT: We reported yesterday (Fans Section) the decision made by Facebook. You can also check Tuesday’s edition (Fans Section as well) for more data regarding Prodeum scam (FAO: c’mon, you ought to remember Prodeum…).  

Exchanges & Trading Venues

Cryptocurrency Hacked From Coincheck Sent To 20 Accounts

The Japan News

Coincheck Falsely Explained Security To Customers – Industry Group Head Taizen Okuyama

Reuters Staff – Reuters

Japanese Coincheck made false explanations to customers about its security system before suffering one of the world’s biggest cyber heists, Taizen Okuyama the head of  Japan Cryptocurrency Business Association said.

FAO: What amuses me is the name of this company. In fact, probably nobody ever did a Coin Check at Coincheck…  

Factbox: Notable Cryptocurrency Heists

Reuters Staff – Reuters

There have been at least three dozen heists of cryptocurrency exchanges since 2011. Here are some of the major and other noteworthy hacks.

FAO: For sure this statistics were very useful for some of the global insurers out there when they planned a whole new kind of insurance product…read below.

Insurers Gingerly Test Bitcoin Business With Heist Policies

Suzanne Barlyn – Reuters

Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business.

How Bitfinex, Tether Are Raising Eyebrows In The Cryptocurrency Market

Anora M. Gaudiamo – Marketwatch

Tether and its sister company Bitfinex have been raising eyebrows within the digital-currency community, as critics question the accuracy behind assertions that every tether is supported by actual bank reserves.

FAO: You ought to have an opinion on this topic. Why don’t you share it with others? Use our Blockchain Daily News – Linkedin Group.

US Court Freezes BitConnect Assets As Lawsuits Mount

Nikhilesh De  – CoinDesk

A temporary restraining order freezing BitConnect’s assets has been granted in the U.S. after a second lawsuit was filed against the cryptocurrency exchange and lending platform.

Vendors

Samsung Confirms It Is Making ASIC Chips For Cryptocurrency Mining

Jon Russell – TechCrunch

Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies.

FAO: #ohboy!

BitPeople

Via Reuters – Tezos Foundation appoints  accounting executive Lars Haussmann as new board member

DNT: Haussmann is replacing Guido Schmitz-Krummacher, who stepped down from Tezos board in December 2018, as we are informed. Read more about Tezos dispute for the money raised through its ICO, in our FREE ARCHIVE.

Bored With Banking, Former Citi Trader Arthur Hayes Went Full Crypto

Edward Robinson & Viren Vaghela – Bloomberg (subscription)

DNT: The interesting story of Arthur Hayes and his “adventure” in the risky frontiers of finance.

Latest Developments & Agreements

Germany’s CommerzBank In Talks With HashCash On HC NET For Blockchain Based Cross Border Payments

PRWeb  (press release)

California based Blockchain company, HashCash Consultants and Germany’s CommerzBank is collaborating on building a Blockchain based cross-border payments system on HashCash’s blockchain network, HC NET.

Japan’s Brokerages Joining To Adopt Blockchain

Nikkei Asian Review

Japanese brokerages are launching a consortium dedicated to driving the adoption of blockchain and other innovative technologies in the industry, with the goal of boosting efficiency and providing more convenient services to their customers.

Regulation

To Regulate Or Not To Regulate? Cryptocurrencies Beg Question

Paul Kupiec – The Hill

As cryptocurrencies like bitcoin gain in popularity, investors and policymakers alike are asking if cryptocurrencies should be regulated.

FAO: We believe a certain regulatory framework is strongly needed!

Nigeria’s Lawmakers Think Bitcoin Is One Big Financial Scam

Quartz  – Yomi Kazeem

The bitcoin boom in Nigeria is drawing opposition from its lawmakers. The senate has asked Nigeria’s central bank and other regulators to “investigate the proliferation of bitcoin” and do more to educate citizens about “the dangers” of the cryptocurrency.

Opinion

Making Waves: Why Ripple Is The Cryptocurrency To Watch

Chris Carter – City A.M.

Ripple is the latest in a retinue of challengers to bitcoin’s dominance, being by far the most commercially successful of any blockchain company.

Bitcoin Is The New Gold

Noah Smith – Bloomberg (subscription)

Invest in it, perhaps. But don’t try to shop with it.

DNT: Yet, there are some places where BTC can be used as a payment method. I’m sure you know if you travelled to Berlin, for example. Details hereStartups, Accelerators & Hubs section.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News