Blockchain Daily News – Edition 149, 14.02.2018
February 14, 2018
Blockchain Daily News – Edition 151, 16.02.2018
February 16, 2018

Blockchain Daily News – Edition 150, 15.02.2018

Blockchain Daily News

by Florin Oprea

Edition 150, 15.02.2018

New Beginnings In Global Financial Markets: Signal Of Crisis Or Maturity?

Florin Oprea, Decebal Todarita and Jeff Kutler – Linkedin Pulse

FAO: Read our opinion on recent market volatility and what this could mean for the future of the cryptoverse.

Fans’ Section

South Korea Vows Firm Action Against ‘Illegal’ And Unfair Cryptocurrency Trading


South Korea said it will take firm action against illegal and unfair acts in cryptocurrency trading after a petition with 280,000 signatures was sent to the presidential Blue House.

FAO: Sounds pretty reasonable. Right? Right! This means regulation is highly needed.

Bitcoin Price Rises After ECB Rules Out Ban On Cryptocurrencies

Eleanor Rose – Evening Standard

The price of Bitcoin has rallied after the European Central Bank ruled out a ban on cryptocurrencies.

FAO: You can’t really regulate nor ban something that you don’t recognize. Pretty tough challenge for Super Mario: trying to regulate it would have meant ECB adding legitimacy to the cryptoverse, and thus less business for banks. Banning it would have meant good business leaving the EU, which clearly needs an extra source of tax revenue. But I would say that sticking your head in the sand is not a winning strategy either.

Charlie Munger Urges Regulators To Ease Off Wells Fargo, Blasts Bitcoin

Jonathan Stempel & Jennifer Ablan – Reuters

Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said it is time for regulators to “let up” on Wells Fargo & Co which will end up “better off” as it corrects a series of mistakes in how it treated banking customers.

Deals & Investments

People Are Already Flipping The Telegram ICO For Millions, Even Though It’s Not On Sale Yet

Joon Ian Wong – Quartz

The world of ICOs is attracting so much interest that some investors are able to double their money—on paper—before an offering has even begun. This is the case with the chat app Telegram, which is targeting a blockbuster $1.2 billion ICO.

FAO: Here’s the latest article sent by our friends at Quartz. Use our FREE ARCHIVE to check previous coverage on the Telegram ICO topic. This is the kind of ICO which has already generated a lot of debate. Stay tuned, it’s on our close watchlist.

Decentralized IT Security Marketplace PolySwarm Receives Crypto-Focused BlockTower Capital Investment, Prepares For Nectar Tokensale

Erin Hobey – Crowdfund Insider

Decentralized IT security marketplace PolySwarm has received an investment from cryptocurrency investment firm BlockTower Capital. BlockTower Capital launched in August, raising $140 million from backers including Union Square Ventures LLC and Andreessen Horowitz to bring professional trading and portfolio management to emerging digital assets like PolySwarm.


Litecoin Jumps 30% As Traders Bet On More Users, Upcoming Split Into Litecoin Cash

Evelyn Cheng – CNBC

Litecoin surged Wednesday after news that a payments processor for the cryptocurrency is set to launch Feb. 26.

Western Union Says It’s Testing Transactions With Ripple

Felice Maranz – Bloomberg (subscription)

Western Union’s long-rumored relationship with Ripple is turning out to be real.

After more than a month of speculation, the money transfer company said it’s evaluating blockchain technology and is testing transactions with Ripple.

FAO: OK, they are testing XRP, but that doesn’t necessarily mean they will also use it…

DNT: Is it just me or Ripple seems to be almost everywhere these days? Read also below.

Saudi Central Bank to Test Ripple Payments Tech

Stan Higgins  – CoinDesk

Ripple has struck a deal with Saudi Arabia’s central bank on a pilot program that will see banks in the country trial the company’s tech. The pilot with the Saudi Arabian Monetary Authority marks the second central bank to work with the startup, coming after the Bank of England, the U.K.’s central bank, began working with Ripple last year.

Press release here.

DNT: Check our FREE ARCHIVE for more valuable information regarding Ripple. There are plenty of them.

Exchanges & Trading Venues

Luno, Africa’s First Bitcoin Exchange, Targets 1 Billion Users

Eleni Giokos & Mary McDougall – CNN

Bitcoin may be having a rough ride in 2018 but one cryptocurrency company is still optimistic about its long term prospects. Luno, founded in South Africa in 2013, has plans to become one of the leading cryptocurrency traders in the world.

DNT: Very ambitious target, but considering that cryptos have just landed at Africa’s doorstep, it’s quite possible. There’s still a “virgin” land there and Africa can not miss the game.

FAO: I guess the name “Luno” is derived from the Latin “Luna” which means “moon”. Thus, their target to reach 1B users might mean a simply “To the moon”?  

DNT: And maybe back too…


Salon’s Monero Mining Project Might Be Crazy Like A Fox

Taylor Hatmaker – TechCrunch

In the age of altcoins, at least one news site is taking a novel approach to making ends meet. Salon announced that it would give readers a choice between turning off ad-blocking software or “allowing Salon to use your unused computing power” in order to access their content. If you say yes to the latter deal, Salon will then invite you to install Coinhive, a software plugin that mines the cryptocurrency known as Monero.

FAO: The Monero salon…

Millions Of Android Devices Compromised, Mining For Monero

AJ Dellinger – International Business Times

Millions of Android devices have quietly fallen victim to a “drive-by” campaign that uses the mobile device’s computing power to mine for the cryptocurrency Monero, researchers at cybersecurity firm Malwarebytes found.


Blockchain Engineers Are In Demand

Samantha Stein – TechCrunch

Demand is off the charts for blockchain talent, and the capital is waiting to back it up. More than $3.7 billion has been raised through ICOs in the United States alone.Blockchain-related jobs are the second-fastest growing in today’s labor market; there are now 14 job openings for every one blockchain developer.

Latest Developments & Agreements

South Africa’s Central Bank Eyes JPMorgan Blockchain Tech

Wolfie Zhao  – CoinDesk

South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain potential in interbank clearing and settlement. According to an official statement, the South African Reserve Bank revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept using the tech.

FAO: You can read our yesterday’s edition to find out more about South Africa’s initiatives involving blockchain and cryptos.


DC Blockchain Hearing Sees Call For Congressional Commission

Nikhilesh De – CoinDesk

Members of the U.S. House of Representatives got a crash course on blockchain with subcommittees of the Science, Space and Technology Committee meeting to hear testimony on the tech.

Arizona Would Introduce Blockchain Law To Regulate ICOs in the State

Julia Sakovich – Coinspeaker

While the world is discussing bans on crypto activity in some countries, Arizona is going to become a place for blockchain and crypto technologies.


Africa FinTech Summit August 16-17 2018 – Accra, Ghana – Agenda here

FAO: I am one of the speakers at the event, you can check the entire list of speakers here. Please note that I am building up my agenda for 2018 – if you want me as a speaker at your events better get in touch before my year gets uber busy – contact me here.


A Cup Of Crypto: Starbucks And Dunkin’ Both Discussed Bitcoin In Their Analyst Days

Ryan Vlastelica – MarketWatch

The digital currency bitcoin has been one of the hottest topics on both Wall Street and Main Street over the past year, and it’s even been getting discussed by companies you might not expect.

Other news

Next-Generation Crypto-Ledgers Take the Block Out Of Blockchain

Olga Kharif – Bloomberg (subscription)

A group of U.S. credit unions looking to pool resources considered the Bitcoin and Ethereum blockchains to track their business, but wound up selecting something else entirely: hashgraph.

DNT: Promoters say that Hashgraph should be “a faster and cheaper alternative to the blockchain”. Time will tell.

Hackers Stole $50 Million in Cryptocurrency Using ‘Poison’ Google Ads

Jen Wieczner

For years, hackers have robbed Bitcoin investors, emptying their cryptocurrency wallets without fear of being caught thanks to the relative anonymity of the blockchain. Now, Cisco has exposed the thieves behind a string of particularly flagrant attacks.



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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News