by Florin Oprea
Arjun Kharpal – CNBC
Kritika Banerjee – India Today
All those who were hoping that Finance Minister will speak on bitcoins and other forms of cryptocurrency in his Union Budget 2018 speech, Arun Jaitley did not disappoint. But the confusion and ambivalence regarding bitcoins remain. Sticking to the government’s earlier stand, Finance Minister Arun Jaitley said that cryptocurrency is not considered “legal tender”.
Eric Lam – Bloomberg (subscription)
Kyungji Cho – Bloomberg
Tommy Wilkes, Jemima Kelly – Reuters
Bitcoin, the world’s largest cryptocurrency, skidded 11% on Thursday to its lowest since November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors.
FAO: You really have to admit it, the “cryptoverse” is a lot more fun than anything else in the world right now. Here you have action, statements, opinions, rumours, predictions, friends, enemies, and a, like a friend of mine use to say, it’s “an Adrenaline Junkies Heaven”.
Joi Ito – Wired
Many cryptocurrency speculators are banking on the theory that someone dumber than them will buy their tokens for more than they paid. That’s a pretty good bet … until it isn’t.
FAO: C’mon, so what if the market is down.. It’s Friday, loosen up…
Nathaniel Popper – The New York Times
A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped up by Bitfinex, which has a checkered history of hacks and opaque business practices.
FAO: Want another meme here?
Margi Murphy & Alex Iszatt – The Telegraph
Facebook’s ban on cryptocurrency adverts has added fuel to rumours that the social network may take a foray into the world of digital coins.
FAO: No! Really?
Frank Chaparro – Business Insider
Two blockchain ETFs – Reality Shares and Amplify ETFs – that began trading this month are off to a scorching-hot start, but some market watchers are raining on the parade.
Taiga Uranaka – Reuters
Reuters Staff – Reuters
Authorities in several countries are investigating the $530 million heist involving the NEM cryptocurrency, Takao Asayama, member of the foundation behind the digital coin said.
FAO: “Cryptoverse” security – more regulation needed. Please let us know if you think otherwise.
Mike Orcutt – Technology Review
The plunder of more than $500 million worth of digital coins from the Japanese cryptocurrency exchange Coincheck has added to a growing perception that cryptocurrencies are particularly vulnerable to hackers.
Mark Decambre – Marketwatch
The No. 1 cryptocurrency exchange told customers that payments for digital assets on its platform are being processed as “cash advances,” which could result in additional fees.
Natalie Obiko Pearson & Sandrine Rastello – Bloomberg (subscription)
China’s clampdown on its crypto industry is sending miners scurrying for a new home. They’re finding one in Canada, lured by its cold climate, lots of clean, cheap power and a welcoming market for raising capital.
Victor Golovtchenko – Finance Magnates
smartTrade is the latest company to adopt blockchain technology in its quest to deliver ultimate transparency to the market. The new product which the company is developing is focused on post-trade data.
JD Alois – Crowdfund Insider
The IOTA Foundation has announced a partnership with Taipei City designed to help the Asian capital meet its smart city needs.
Annaliese Milano – CoinDesk
A new partnership has been inked between identity startup Cambridge Blockchain and IHS Markit, the U.K.-based data analysis firm.
Karl Flinders – Computer Weekly
The EC has set up the Blockchain Observatory and Forum, which will monitor blockchain developments and ensure EU organisations are engaged in the industry.
FAO: This is definitely good news!
Reuters Staff – Reuters
German President Frank-Walter Steinmeier warned the financial sector that it had a responsibility to prevent speculation and the formation of trading bubbles in the cryptocurrency market.
Lily Katz – Bloomberg (subscription)
The North American Bitcoin Conference wrapped up 10 hours of speeches by inviting 5,000 attendees to what it called a networking party.
FAO: Oh, you got to read this!
Gertrude Chavez-Dreyfuss – Reuters
Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cybersecurity firm Digital Shadows warned in a report.
Suchit Leesa-Nguansuk – SCMP
Thailand has become the world’s leading hotspot for cryptocurrency mining malware, according to Palo Alto Networks, a network and enterprise security firm.
Wolfie Zhao – CoinDesk
An Illinois government task force has outlined how it might apply blockchain technologies in the state’s inter-government operations. According to a report of the Illinois Blockchain Task Force to the General Assembly, the state is eyeing the use of blockchain technologies to manage state resident identification, tokenize assets and reduce entitlement fraud.
Peter Guy – SCMP
As millennials come of age, cryptocurrencies like bitcoin revealed a chasm of misunderstanding between generational values.
Kadhim Shubber – Financial Times (subScription)
Suppose for a moment bitcoin never existed. And ethereum never existed. And the whole crazy world of cryptocurrencies never happened.
DNT: A provocative imagination exercise!
FAO: That’s all folks, have good weekend!
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News