Camila Russo – Bloomberg (subscription)
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!
Eric Lam & Yakob Peterseil – Bloomberg (subscription)
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%.
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.
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!
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.
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.
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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.
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.
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.
Nikhilesh De – CoinDesk
Frank Chaparro – Business Insider
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.
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.
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.
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.
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.
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.
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
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.
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.
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”.
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.
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.
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.”
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