Dylan Welch – ABC
Johnny Lieu – Mashable
Mining cryptocurrency off work computers mightn’t be the greatest of ideas. Two IT employees at Australia’s Bureau of Meteorology are under investigation by the Australian Federal Police, alleged to have used the agency’s computers to mine cryptocurrencies, according a report by ABC News.
FAO: Bugger! Now that wasn’t very smart! Right, mate?
Romain Dillet – TechCrunch
French startup Qarnot unveiled a new computing heater specifically made for cryptocurrency mining. You’ve read that right, the QC1 is a heater for your home that features a passive computer inside. And this computer is optimized for mining.
FAO: All I want for the next Christmas is my very own QC1. Does it come in blue?
Gertrude Chavez-Dreyfuss – Reuters
U.S.-based Multicoin Capital has raised capital from a slew of big individual and institutional investors led by influential venture capitalist Marc Andreessen, its co-founder and managing partner said.
FAO: The more, the better!
Annaliese Milano & Stan Higgins – CoinDesk
Bitcoin mining hardware giant Bitmain announced that it intends to invest in as many as thirty startups working to create “private central banks” powered by blockchain. Co-founder Jihan Wu gave the first keynote address at the DC Blockchain Summit. During his remarks, Wu examined the differences between central banks that back fiat currencies and the growing plethora of cryptocurrencies worldwide.
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!
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.
Paul Vigna – The Wall Street Journal (subscription)
Prices for bitcoin and other cryptocurrencies fell sharply on Wednesday after reports emerged about a major bitcoin exchange having problems executing orders.
Bitcoin fell from about $10,700 to $9,500 in about an hour, beginning around 12 p.m. ET. Later in the afternoon, it recovered to around $9,790, down about 9% on the day. Earlier, the Securities and Exchange Commission released an investor alert about the risks of using crypto exchanges.
FAO: Oh right! I thought you were expecting some stories analyzing the recent drop in crypto prices. Well let’s say it’s a mix this time: US regulators warnings/alerts/announcements (more yesterday – first three stories), Japan cryptocurrency exchanges crackdown, Nobuaki Kobayashi, the Tokyo attorney and bankruptcy trustee for Mt. Gox, who is selling, selling, selling, and then it was the Binance “crisis”, read below…
Jordan Pearson – Motherboard
Users of the Binance began posting photos of accounts full of trades executed without their consent on social media. All of these users’ altcoins had been sold for Bitcoin at market rates, they claimed. The Bitcoin was then used to buy another small-cap virtual currency called Viacoin, users said, all without their knowledge. As a result, Viacoin’s value spiked by roughly 9,900% or 100 times its value before the irregular trades.
Christine Masters – Cryptovest
Viacoin is one of the digital assets where atomic swaps were tested, most recently with the Decred blockchain, but potentially with other SHA-256 coins, most notably Bitcoin. Yet curiously, despite the outlandish price bets and bot orders, the VIA price has remained depressed, sliding below $3 once again. VIA previously reached peaks both in Bitcoin and dollar terms, but now seems set for depressed prices, as markets lack the strength of previous months.
Julie Verhage – Bloomberg (subscription)
Despite the hype, PayPal isn’t buying into crypto for now. PayPal CEO Dan Schulman said cryptocurrencies have a very uncertain future. “Regulations need to be sorted out and a whole number of other things,” he said. “It’s an experiment right now that is very unclear which direction it will go.”
FAO: He is partly correct. Regulation is needed!
Molly Jane Zuckerman – Cointelegraph
A report by the financial messaging provider SWIFT and 34 global transaction banks that sought to answer the question of how distributed ledger technology Proof of Concept can help Nostro account reconciliation has been published with positive results.
FAO: I love this competition! This comes only a few days after the latest developments reported by Ripple – more here.
Via CNBC – Ripple hires Bloomberg TV’s Cory Johnson as chief market strategist.
Bridget van Kralingen – Quartz
A quick scan of the blockchain frontier—particularly as one looks beyond the small world of cryptocurrencies and to its broader applications—reveals many women in key roles as developers, investors, and business leaders.
Markus Kasanmascheff – Cointelegraph
Bitpanda, an Austrian trading platform for cryptocurrencies is partnering with the Vienna University of Technology to develop an open-source platform called “Pantos” for real-time arbitrage trading between different Blockchain tokens.
Kellie Ell – CNBC
CFTC Commissioner Brian Quintenz said some type of regulation in the crypto market is good.
“Regulation can add to credibility,” Quintenz said. “And I think the participants in this market want a credible marketplace.”
FAO: Yeah, big players want in. Everybody wants in, but they need regulation first. And they are going to have it. While here, better have (yet) another read of Jeff Kutler’s latest piece – we had it this week, in Regulation. Also, check 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!
Todd White – Bloomberg (subscription)
Bitcoin investors seething over a clampdown on Japanese cryptocurrency exchanges and renewed regulatory scrutiny of trading venues in the U.S. now have bigger fish to fry as they assign blame for the recent price decline.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News