Blockchain Daily News – Edition 164, 07.03.2018
March 7, 2018
Blockchain Daily News – Edition 166, 09.03.2018
March 9, 2018

Blockchain Daily News – Edition 165, 08.03.2018

Fans’ Section

The SEC Just Made It Clearer That Securities Laws Apply To Most Cryptocurrencies & Exchanges Trading Them

Evelyn Cheng – CNBC

Bitcoin Falls After SEC Warns Of ‘Potentially Unlawful’ Platforms

Reuters Staff – Reuters

U.S. Regulator Urges Registration Of Cryptocurrency Exchanges

Pete Schroeder – Reuters

The U.S. SEC said that many online trading platforms for cryptocurrencies should be registered with the regulator and subject to additional rules, in a further sign regulators are cracking down on the digital currency sector.

FAO: Now, c’mon, seriously, what did you think? Did you really think this could go differently? Looks like they are rushing into this. Why? Oh, more taxes, less hassle, among a gazillion other reasons. Institutional investors want in the game, ASAP. Want more reasons?  I suggest you go and 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 you can also read it on Global Association of Risk Professionals’ website!

Future Stars?

Have an interesting project/company looking for more visibility? Why don’t you send us more details, and after our review your project might get listed it in this section! Contact us HERE!

HELIX ORANGE Generation ICO – Pre Sale Announcement

Helix Orange

The platform identifies the legal and regulatory requirements of investor’s country of residence and determine the volume to which the investor can participate in a given ICO. HELIX Orange analyzes national regulations regarding investor protection, anti-money laundering and taxation for that purpose.

Exchanges & Trading Venues

Bitcoin Price Drops 10% As Hackers Exploit Binance’s API Keys

Romain Dillet  – TechCrunch

Welcome to another rollercoaster day for the cryptocurrency community. In just a few minutes, bitcoin price crashed from $10,740 to $9,690, which represents a 10.8% crash.

FAO: It was a crazy night/day on various Telegram groups, let me assure you! Stay informed or share your thoughts – join our LINKEDIN GROUP or TELEGRAM GROUP!

Japan Expands Cryptocurrency Crackdown After Coincheck Hack

Yuki Hagiwara & Yuji Nakamura – Bloomberg (subscription)

Japan Punishes Seven Cryptocurrency Exchanges Over Regulatory Lapses

Taiga Uranaka & Thomas Wilson – Reuters

The Financial Services Agency (FSA) criticized the exchanges for lacking the proper internal control systems, and ordered them to make improvement in areas from risk management to preventing the criminal use of digital money. The FSA rap on Thursday briefly drove down bitcoin prices.

FAO: Pretty pertinent improvements required. To avoid such embarrassing situations like the one below…

Coincheck To Reimburse Investors From Next Week After $530 Million Hack

Reuters Staff – Reuters

Coincheck plans to reimburse from next week investors who lost digital money in the late-January theft of $530 million, it said a statement. The exchange also said it plans to resume services for some cryptocurrencies from next week.

FAO: #coincheck #shame #shame #shame


Fujitsu Develops Technology To Detect Ethereum Smart Contract Risks

Arnab Shome – Finance Magnates

In a bid to overcome the risks associated with smart contracts, the Japanese IT giant Fujitsu has announced that it has developed a technology that can verify the risks in advance.


The World’s Ultra-Rich Are Investing More In Cryptocurrencies – Even If They May Not Understand Them

Yen Nee Lee – CNBC

Around 21% of respondents in an annual survey of wealth advisers and private bankers said their clients increased investments in cryptocurrencies in 2017, according to the latest Wealth Report by Knight Frank.

DNT: They should read Blockchain Daily News and Fintech Daily News and they would definitely be much better informed.

FAO: Of course, the ultra-rich (others too!) can always contact us for additional insight or advice!

Latest Developments & Agreements

A Pioneer In Real Estate Blockchain Emerges In Europe

Shefali Anand – The Wall Street Journal (subscription)

Swedish Government Land Registry Soon To Conduct First Blockchain Property Transaction

Molly Jane Zuckerman – Cointelegraph

Sweden’s land-ownership authority, the Lantmäteriet, is soon expected to conduct their first Blockchain technology property transaction after two years of testing, the Wall Street Journal reported. Lantmäteriet is currently shortlisting volunteers to participate in buying and selling property on its own Blockchain-based platform. Mats Snäll, Lantmäteriet’s chief digital officer, told the WSJ that “from the technology point of view, we are quite ready.”

FAO: Land registry on the blockchain in a country aiming to become a “cashless society”. The Swedes aim to become  effectively “cashless” in five years – read more here, in FinTech Daily News.


Ripple CEO Brad Garlinghouse Tells Cryptocurrency Industry To ‘Work With The Regulators’

Kate Rooney – CNBC

The CEO of widely-followed payment network Ripple has a request for everyone in the cryptocurrency industry: Cooperate with regulators.

“It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system, ” Ripple CEO Brad Garlinghouse said in an interview. “The blockchain revolution is happening from within the system it’s not going to happen from outside the system.” he also said.

FAO: Truth is, you will end up in doing so anyway…

The Next Step For Cryptocurrency Regulation

Asean Today

Singapore’s central bank announced it is looking at ways to effectively regulate cryptocurrencies. Singapore is a fintech hub and does not currently regulate digital currencies. Ong Chong Tee, deputy managing director of the Monetary Authority of Singapore) said, “we are assessing if additional regulations are required for investor protection”.


Bitcoin’s Tokyo Whale Sold $400 Million and He’s Not Done Yet

Go Onomitsu – Bloomberg (subscription)

He’s not your typical Bitcoin whale, but Nobuaki Kobayashi has become a force to be reckoned with in the cryptocurrency world.

The Tokyo attorney and bankruptcy trustee for the now-defunct Mt. Gox exchange disclosed that he sold about $400 million of Bitcoin and Bitcoin Cash since late September. Kobayashi, who’s liquidating the tokens on behalf of Mt. Gox creditors, has another $1.9 billion to offload.

FAO: …even more Mt Gox reverberations.

Despite Crackdown On Trading, Crypto And Blockchain In China Are Alive

Joseph Young – Cointelegraph

China has banned cryptocurrency trading and ICOs in late 2017 and reaffirmed its negative stance towards the market this year. Still, local developers are continuing to introduce innovative Blockchain projects on the global stage.

Other news

Twitter Takes Steps To Prevent Crypto Scams On Platform

Reuters Staff – Reuters

Twitter is taking measures to prevent cryptocurrency-related accounts from running scams on its platform, the company said.


China Wants To Be A Front Runner In Blockchain Technology Even If The Ban On Bitcoin Remains

Jane Li – SCMP, the official website of the People’s Daily, has launched a section dedicated to blockchain coverage, signalling Beijing’s official endorsement of the technology, even as a crackdown on digital currencies began in September. Stories related to blockchain as well as information on seminars and other industry-related events can be found under the site’s investment and start-up section.



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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News