by Florin Oprea
Stan Higgins – CoinDesk
There’s a flurry of information coming out of Venezuela about its new national cryptocurrency, the petro. Indeed, despite the press conferences and Twitter campaigns, one of the notable questions to emerge about the first-of-its-kind cryptocurrency is exactly who is building it, which technologies are being used and which private companies are involved (if any).
FAO: Nevertheless, Venezuela’s “national ICO” has already inspired other countries, and it will certainly appear in all history books…
Evelyn Chang – CNBC
Iran is considering the development of its own cryptocurrency, following in the footsteps of Venezuela. Both countries are the focus of U.S. sanctions. Mohammad-Javad Azari Jahromi, minister of Iran’s Ministry of Information and Communications Technology, tweeted that state-run Post Bank is working on developing a cryptocurrency.
FAO: Surprised? Nope. Got any other country in your mind?
Mehmet Cetingulec – AL Monitor
The alliance between Turkey’s ruling Justice and Development Party (AKP) and its de facto partner, the Nationalist Movement Party (MHP), has extended to an unlikely realm: the idea to develop Turkey’s own bitcoin.
FAO: Oh, Turkey you thought? Soon I will need to extend my team of editors, as the “cryptoverse” is getting bigger and bigger and it appears it’s starting to reach other areas of interests…
Adrianne Jeffries – The Verge
You have to admire Pavel Durov’s audacity. Over the past few months, the CEO of Telegram convinced 81 accredited investors, including Silicon Valley giants Sequoia Capital and Benchmark, to give him $850 million in a presale of his company’s cryptocurrency in advance of an ICO. Now he’s trying to raise even more money from accredited investors before the coin gets offered to the public in a secretive second presale.
FAO: It surely makes you think of various scenarios, being secretive and all…In spite of that Durov will get his money…Gosh, just read the first four headlines today…The world is changing under our eyes! Lucky you, you’re a reader of Blockchain Daily News!
BTW, would you invest in a Blockchain Daily News ICO? Question of the day! Send me your thoughts here.
Lily Katz – Bloomberg (subscription)
Sometimes to build something up, you need to tear it apart first, and the cryptocurrency market seems to be no exception.
The Sydney Morning Herald
It’s the Holy Grail of cryptocurrencies – an asset with all the benefits of decentralisation but none of the volatility.Tether, which claims to be pegged one-to-one to the dollar, is the most prominent among so-called stable coins. It’s also the most controversial, with US regulators and investors trying to sort out whether it’s a scam.
Brian Patrick Eha – American Banker
Attracting institutional capital means accepting government regulation, however. Gradually, some digital-currency businesses are learning to play by the rules in order to get ahead. As other burgeoning industries have done before them, the exchanges are now allowing for checks and controls to develop that banks and other institutions need to normalize digital assets and currencies.
FAO: Absolutely! I agree! But wait, might be even more here. Read our opinion on recent market volatility and what this could mean for the future of the cryptoverse. We first published it on Linkedin Pulse on Feb 13th, and now you can read it on Global Association of Risk Professionals’ website!
Josh Constine – TechCrunch
Coinbase has some serious competition. Robinhood starts rolling out its no-commission cryptocurrency trading feature in California, Massachusetts, Missouri, Montana and New Hampshire.
FAO: “Coinbase has some serious competition” – really? Suddenly, another Chinese proverb just popped into my head: A friend to everybody is a friend to nobody”.
Gregor Stuart Hunter – The Wall Street Journal (subscription)
If true believers in cryptocurrency hoped to create a more transparent financial system that didn’t depend upon trust, what are they to make of the emergence of bitcoin dark pools? Republic Protocol, a Singapore-based company, raised 35,000 ether ($33.8 million) this month from some of the world’s biggest cryptocurrency hedge funds to finance a dark a dark pool for digital currencies, designed to allow big investors to trade bitcoin and ethereum in large volumes without moving the market.
David Ricketts – Financial News (subscription)
Welcome to The Fintech Files, keeping you up-to-date with the latest developments in financial tech and innovation. Regular host Yolanda Bobeldijk is on maternity leave, so this week’s edition is brought to you by David Ricketts, FN’s asset management correspondent.
Via Reuters – Johann Gevers, President of Tezos Swiss foundation, steps down.
DNT: The story also informs about other movements: board member, Diego Olivier Fernandez Pons, has also stepped down, while Michel Mauny, a French computer programming academic has joined the board.
If you want to refresh your knowledge about Tezos cryptocurrency project and the problems around it, take a tour of our FREE ARCHIVE.
Theodore Schleifer – Recode
Coinbase is hiring a chief financial officer in what would be a big move for the cryptocurrency platform’s growth plans.
FAO: IPO? More and more voices ask…
Nicholas Megaw – Financial Times (subscription)
It’s not enough for a company just to stick ‘blockchain’ on the end of its name any more. With more companies trying to take advantage of surging investor interest in the emerging technology, some are going to increasing efforts to stand out. London-listed Online Blockchain, for example, is demonstrating its credentials by bringing on board a tech veteran so experienced that it says he invented the term “email”.
FAO: That’s it! Let’s send this tech veteran our sincerest “thank you” messages…
FAO: 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 – send me an email here.
Attracta Mooney – Financial Times (subscription)
Blockchain could save asset managers $2.7bn a year if the investment industry shunned the laborious manual practices involved in buying and selling funds in favour of using online ledger technology, according to research published on Thursday.
Graham Rapier – Business Insider
Riot Blockchain, one of the first companies to pivot to blockchain and see its stock skyrocket, has been accused of fraud. In an interview with Business Insider, CEO John O’Rourke denied the accusations and outlined Riot’s plan to fully realize its pivot to cryptocurrencies.
Aaron Hankin – MarketWatch
A prominent commodity investor and cryptocurrency critic revealed that he got bludgeoned by investing in a company which claims to be linked to blockchain. Dennis Gartman, who also pens a popular eponymous newsletter, said he bought shares in embattled blockchain company Riot Blockchain, which saw its shares pummeled last Friday, following a report on CNBC.
Danny Crichton – TechCrunch
DNT: Very good story about the importance and future of blockchain, based on some Danny Crichton conversations with engineers and investors. If the engineers still believe that “this technology is going to end up being their life’s work”, it looks like the investors “are starting to lose faith in blockchain as a medium for investment return”.
What do you think? Send us your opinion!
Julian Hosp – CNBC
DNT: Julian Hosp gives us five reasons why 2018 might be the best ever year for cryptocurrencies and why he heavily invested in them.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News