by Florin Oprea
Europa.eu – Press release
Huw Jones – Reuters
The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc’s financial services chief, Valdis Dombrovskis, said.
“This is a global phenomenon and it’s important there is an international follow-up at the global level,” Valdis Dombrovskis told reporters.
FAO: Anything surprising here? Don’t think so. We have anticipated this and share our thoughts plenty of times – check here for example, I said ”We could end up to even seeing a global regulatory framework concerning crypto much sooner than we thought”. Regulation is coming. France & Germany will present a joint bitcoin regulation proposal at the next G20 summit – more here.
Jef Feeley – Bloomberg (subscription)
Craig Wright, the self-proclaimed inventor of bitcoin, is accused of swindling more than $5 billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi Nakamoto, allegedly schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit filed by Kleiman’s brother.
FAO: Tz tz tz…
Evelyn Cheng – CNBC
Apple co-founder Steve Wozniak had some bitcoins stolen from him. “I had seven bitcoins stolen from me through fraud,” Wozniak said at the Times’ Global Business Summit. “Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never get it back.”
Ari Levy – CNBC
Andrew Courey is usually playing sports and toying with his iPhone when he’s not in school. But unlike most other 11-year olds, he’s also an expert on bitcoin.Courey is the author of “Early Bird Gets The Bitcoin: The Ultimate Guide To Everything About Bitcoin,“ which he self-published for the Amazon Kindle.
Sean Neville & Jeremy Allaire – Circle Blog
Poloniex – Press release
Evelyn Cheng – CNBC
News that digital payments company Circle has bought cryptocurrency exchange Poloniex is stirring speculation of more acquisitions in the young digital currency world.
FAO: Don’t forget that Circle is backed by $140 million in VC from investors including Goldman Sachs, IDG Capital Partners, Breyer Capital, among others. Consolidation will be the key for the new players in the crypto exchange space if they want to survive. We have major exchange players already in the game (Cboe, CME) or looking to join the game (Nasdaq, Moscow Stock Exchange etc.) and it’s a matter of time (with the proper regulation in place) until everybody will enter the “cryptoverse”.
Nikhilesh De – CoinDesk
Digital investment firm BnkToTheFuture has officially concluded a $33 million token sale.
No stranger to the blockchain industry, the U.K. company, which boasts more than 60,000 accredited investors, has made its name allowing customers to purchase traditional equity in cryptocurrency exchanges and other blockchain startups, including BitFinex, Kraken and BitPay.
James Eyers – Financial Review
Square Peg Capital has invested in Australian blockchain start-up, AgriDigital, in a $5.5 million Series A funding round it said would help expansion plans into North America.
AgriDigital has built a private blockchain for supply chain finance. It has over 1300 users and more than 1.6 million tonnes of grain has been transacted over the cloud-based system since its first deal in December 2016, involving $360 million in grower payments.
Dahee Kim & Ju-min Park – Reuters
South Korea has yet to decide how to regulate cryptocurrency trading, a senior government official said, highlighting Seoul’s struggles to supervise a market that critics say remains opaque and vulnerable to risks such as money laundering.
“The government hasn’t made any conclusion yet. Sufficient consultations should come first,” Hong Nam-ki, minister of office for government policy coordination, told parliament.
FAO: Yip, well, nobody said, or expected, that regulation will appear overnight…
Molly Jane Zuckerman – Cointelegraph
The privately owned Thai Digital Asset Exchange is deferring the trading and registration of ICO for two weeks while awaiting a soon-to-be revealed regulatory framework from Thailand’s Securities and Exchange Commision.
FAO: Interesting time horizon – “soon-to-be revealed”…better check again: 1. My first comment today, 2. The comment at the previous story. Actually this makes a good topic to be discussed in our LINKEDIN GROUP or TELEGRAM GROUP. How close are regulators to issue a global regulatory framework concerning cryptocurrencies? Are they already working together “under the radar” in order to Step 1. issue national/federal regulation sets Step 2. create a global framework?
Despite almost all major cryptocurrencies ending last week in the red after another highly volatile few days, one of the world’s largest independent financial services organisations has added two new tokens to its crypto trading app.
Korean startup GoldMining announced that it would exchange mined cryptocurrency for gold at Korea Exchange Gold Market, store the gold at Korea Securities Depository (KSD) and issue a gold-backed digital currency.
Nellie Bowles – The New York Times
Virtual currencies and blockchain were intended to be democratizing and equalizing forces, buoyed by a utopian exuberance. But women who have been trying to participate in the gold rush are finding a lopsided gender divide. And some say the culture is getting worse, with the male-dominated culture buoyed by a new fleet of wealthy crypto speculators known as “blockchain bros.”
Wolfie Zhao – CoinDesk
Taiwan’s central bank is promising to explore how blockchain technology might help improve its operations. In a rather brief speech at his inauguration ceremony, Yang Chin-long, the new governor of Taiwan’s central bank, said his agency will seek to pay closer attention and remain open-minded on the rapid development of financial technology, including Big Data and distributed ledger technology.
Pierre Lagrange – Financial Times (subcription)
DNT: A captivating investment lesson via a cryptocurrency game brought to us by Pierre Lagrange. Read to find the conclusions.
Sujin Thomas – Business Insider
If you’re wondering how to set up an ICO for your startup or still trying to figure out how the mechanism works, a Singapore-based company will soon be able to give you a leg up.A financial technology startup founded last year called PMLP Fintech plans to open Singapore’s first ICO, blockchain and cryptocurrency service and educational centre by March 1.
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.
JD Alois – Crowdfund Insider
Long Blockchain Corporation a company that famously changed its name from Long Island Iced Tea Corporation as it refocused its business on Blockchain technology, has received a de-listing notice from NASDAQ.The Notice of Delisting was due to a failure to satisfy a continued listing rule or standard; transfer of listing.
Wolfie Zhao – CoinDesk
Amid Riot Blockchain’s claims to have moved into bitcoin mining and acquiring blockchain startups, investors are accusing the firm of violating U.S. securities law by issuing misleading and false information. According to court filings, investors in the firm have submitted three class action complaints against Riot Blockchain in three U.S. states, accusing the firm of share-price manipulation through a dubious cryptocurrency pivot.
Evelyn Cheng – CNBC
Investors should only consider cryptocurrencies such as bitcoin if they are prepared to lose everything, BlackRock Investment Institute said.
“We see cryptocurrencies potentially becoming more widely used in the future as the markets mature. Yet for now we believe they should only be considered by those who can stomach potentially complete losses,” Richard Turnill, BlackRock’s global chief investment strategist, said in the note.
FAO: Yeah, yeah, yeah, “you will lose everything” kind of message. Everybody is getting used to such messages, especially coming from big banks and/or asset managers…
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News