Blockchain Daily News – Edition 177, 26.03.2018
March 26, 2018
Blockchain Daily News – Edition 179, 28.03.2018
March 28, 2018

Blockchain Daily News – Edition 178, 27.03.2018

Fans’ Section

Twitter Joins Facebook, Google in Banning Crypto Coin Sale Ads

Camila Russo – Bloomberg (subscription)

Twitter To Ban Cryptocurrency Ads As Online Crackdown Widens

Tommy Wilkes  & Fanny Potkin – Reuters

Twitter will start banning cryptocurrency advertising from today joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses.

DNT: And that’s AlL-In!

Bitcoin Hovers Near $8,000 Level As Investors Weigh Twitter Ban

Eric Lam & Yakob Peterseil – Bloomberg (subscription)

Bitcoin Breaches $8,000 Level As March Slump Accelerates

Camila Russo – Bloomberg (subscription)

Bitcoin began the week on a down note, declining as much as 8.7%, pushing the biggest cryptocurrency’s decline for March to about 25%.

Deals & Investments

Cryptocurrency Litecoin Falls 10% After Payments Processor ‘LitePay’ Closes; ‘We got too excited,’ coin founder Charlie Lee says

Evelyn Chang – CNBC

Litecoin dropped after news that payments processor LitePay has ceased operations, prompting an apology from the coin’s founder for promoting the start-up.

Venture Capital Surges Into Crypto Startups

Olga Kharif & Camila Russo – Bloomberg (subscription)

As the red-hot ICO market comes under closer scrutiny from regulators, venture capitalist interest in crypto is also picking up.

While ICOs were supposed to disrupt venture capital, such funding in blockchain-based companies is surging, with startups raising $434 million since December, the most ever in a three-month period, according to CoinDesk data.

FAO: Regulation will be a good thing. More money in the cryptoverse. Let the money flow!

TradingView Officially Ventures Into Crypto, Launches Trading Via Poloniex

Victor Golovtchenko – Finance Magnates

TradingView has officially unveiled its first cryptocurrency trading partner. The company has added support for trading via Poloniex. Users of the cryptocurrency exchange will be able to monitor charts and execute trading orders via the popular chart provider’s platform.

South Korea’s Largest Multi-Billion Dollar Conglomerates Enter The Cryptocurrency Market

Joseph Young – Cointelegraph

South Korea’s largest multi-billion dollar conglomerates in various sectors including insurance, telecommunications, gaming, and Internet are entering the cryptocurrency market by funding up-and-coming exchanges.

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!

Exchanges & Trading Venues

Crypto Exchange Coinbase Adds Support for Ethereum-Based Tokens

Camila Russo – Bloomberg (subscription)

Coinbase which owns one of the largest U.S. cryptocurrency trading platforms, is opening the door to offering digital tokens based on the Ethereum network. The San Francisco-based company said it will support Ethereum’s ERC20 technical standard on its platform in the coming months, according to a blog post the firm published.

Goldman-Backed Cryptocurrency Startup Says It’s Profitable

Selina Wang – Bloomberg (subscription)

Circle Internet Finance , a Goldman Sachs backed startup focused on mobile payments and cryptocurrencies, said it has reached profitability. The company said it expects revenue and profit growth this year. Circle plans to increase its workforce by the end of the year to 400 from 150. The Dublin-based startup also said it hired Naeem Ishaq as chief financial officer and head of risk. Ishaq had been CFO at e-commerce startup Boxed, and previously was head of finance, strategy and risk at payments company Square Inc.

Crypto Exchange Upbit Launches Korea’s First Cryptocurrency Index


Upbit to Launch UBCI, Korea’s First Cryptocurrency Index

Jung Suk-yee – Business Korea

Korean cryptocurrency exchange Upbit will launch Korea’s first cryptocurrency index.

Dunamu operating Upbit announced that the company developed the UBCI (Upbit Crypto Index), a standard index that can measure market conditions by suggesting a standard on coin quotes.Upbit is aiming to provide its own cryptocurrency index to make it easier for investors to understand overall market trends.

DNT: The company wants that the index to be used as a standard index in overseas markets beyond the domestic market, as Upbit is leading the world market as well as the domestic market in terms of trading volume, as it’s said in the story.


CBOE Prods SEC On Bitcoin ETF Approval In New Letter

Nikhilesh De – CoinDesk

CBOE Giant Lays Out Its Defense Of A Bitcoin Product That Could Transform The Cryptocurrency

Frank Chaparro – Business Insider

Cboe Urges U.S. Regulators To Move Forward With Bitcoin ETFs

John McCrank – Reuters

U.S. securities regulators should not stand in the way of exchange-traded funds that hold cryptocurrencies like bitcoin from coming to the market as they are essentially the same as other ETFs that hold commodities, said exchange operator Cboe Global Markets.

DNT: After the launch of BTC futures, a bitcoin ETF can be the next big and natural step. In order to make that happen, the efforts to diminish the regulators concerns need to be intensified. Fortunately, CBOE tries that.

UK-based Coinfloor To Launch Physically Settled Bitcoin Futures

Reuters Staff –  Reuters

DNT: This is an updated version of the story initially published in March 14, reported here, Exchanges & Trading Venues section. It is specified that the new trading platform is based in the British Virgin Islands, not London, where the company and its spot exchange are based.

Kakao To Unveil blockchain Platform Within The Year

Cho Mu-Hyun – ZDNet

Kakao will unveil its own open blockchain platform within the year but will not create its own virtual currency, the South Korean chat giant’s co-CEO Joh Su-yong has said.The goal is to make an open platform that others can participate in that will be the biggest in Asia, Kakao said Co-CEO also denied previous reports of an ICO, locally or abroad, and said the firm had no plan to print a so-called “Kakao coin”.

DNT: Read more about Kakao plans to move deeper into crypto here, Future Stars section. Also,  last September he Korean internet firm announced its plans to launch the largest cryptocurrency exchange in Korea.

DeVere To Give Away Free Ripple Coins In Exchange For Sign-Ups


Investors should broaden their outlook on cryptocurrencies beyond Bitcoin, affirms the boss of one of the world’s largest independent financial services organizations.

The comments from Nigel Green, founder and CEO of deVere Group this week is giving away 15 free Ripple coins to those who complete the app’s registration process. Terms and Conditions apply.

Waiting Game? Why Coinbase Won’t Add New Cryptos Anytime Soon

Leigh Cuen – Coindesk

Supporting new crypto assets may be a “top priority” for Coinbase, but any such additions to its order books might not be close on the horizon. According to Coinbase general manager Dan Romero, the San Francisco-based exchange wants to add several new cryptocurrencies in line with customer feedback, but it’s treading cautiously as U.S. regulators deliberate on how they might treat certain uses of the technology.


Gold’s Supply Chain Is Coming To The Blockchain

Olivia Poh – CNBC

Physical gold is coming to the digital gold rush known as blockchain technology — and one company is working to ensure that it’s responsibly sourced.That’s according to a U.S.-based fintech company, Emergent Technology Holdings, that is hoping to digitally encode the gold supply chain using blockchain tech in the first half of this year.

Blockchain Project Aims To Disrupt Hedge Fund Investing

Iona Paicu – Venturebeat

According to Coinbase CEO, Brian Armstrong, “There is $10 billion of institutional money waiting on the sidelines to invest in digital currency.” However, considering the existing trading infrastructure and high demand, conventional investors cannot easily access cryptocurrency investing. Despite this, it is becoming harder and harder for hedge fund traders to ignore the crypto world.


Via CoinDesk – Crypto Startup Circle Hires Square Vet Naeem Ishaq as CFO to Aid Expansion

Latest Developments & Agreements

Blythe Masters’ Next Move? Get FIs Hooked On Blockchain SDKs

Michael del Castillo – CoinDesk  

Blockchain startup Digital Asset has revealed a new project aimed at streamlining the way systemically important financial infrastructures access its technology.Led by former JP Morgan global commodities boss Blythe Masters, the startup is in the process of packaging its custom smart contract language DAML into easy-to-use software development kits for customers.


Blockchain Is On A Collision Course With EU Privacy Law

David Meyer  – The Next Web

There’s one huge problem on the horizon, though: European privacy law.

The bloc’s General Data Protection law, which will come into effect in a few months’ time, says people must be able to demand that their personal data is rectified or deleted under many circumstances.

Regulatory Tracker: Blockchain At The State Level, FinTech Sandboxes Go Global — Maybe


In legislative news, a bipartisan bill is making its way through Congress that urges government agencies to look into using blockchain to help store and secure data.

The bill  is titled “Cyber Coding Cryptology For State Records”.


Fintech-Turned-Crypto Firm Tumbles as Citron Alleges Fraud

Lily Katz – Bloomberg (subscription)

Longfin a fintech company whose stock surged 2,600% after it touted ties to cryptocurrencies, has fallen victim to the naysayers.

Other news

Solid Gold Casts Of Nelson Mandela’s Hands Sell for $10 Million In Bitcoin

Danielle Bochove – Bloomberg (subscription)

It’s one of the more unusual deals in the art world. After more than a decade, an Alberta businessman has finally found a buyer for his prized collection of gold castings of Nelson Mandela’s hand. The final price? Ten million dollars — in bitcoin.


CEO Of Ant Financial: Blockchain ‘Is The Cornerstone Of Trust For The Digital Society In The Future’

Helen Partz – Cointelegraph

The CEO of the Chinese fintech giant Ant Financial Services Group Eric Jing has called Blockchain“the cornerstone of trust for the digital society in the future.” Jing said that he is optimistic about the long-term prospects of Blockchain. However, he also claimed that the technology is not yet fully prepared for a “large-scale outbreak,” and its current applications are often speculative, “similar to the Internet bubble period of the 1990s.”

Here Is Bitcoin’s Biggest Flaw: Edward Snowden Shares His Thoughts

Steve Kaaru – The Merkle

Bitcoin’s public blockchain may be its biggest flaw. This is according to Edward Snowden.



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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News