Blockchain Daily News – Edition 186, 10.04.2018
April 10, 2018
Blockchain Daily News – Edition 188, 12.04.2018
April 12, 2018

Blockchain Daily News – Edition 187, 11.04.2018

Fans’ Section

Japan Could Have More Than 3 Million Crypto Traders

Wolfie Zhao – CoinDesk

While The World Cracks Down, Japan Emerges As A Crypto Haven

Yuji Nakamura – Bloomberg (subscription) 

Japan’s emergence as a global center for cryptocurrencies didn’t start with open-minded lawmakers or prescient investments by the country’s financial giants. Instead, it began with an American felon who arrived in the country looking for a fresh start.

DNT: But this american guy found in Japan cohorts of open-minded people…don’t you think?

FAO: The story of Roger Ver and Mark Karpeles, ex-CEO of Mt. Gox. They are featured on this week’s Decrypted podcast.

Why Bitcoin Behaves Like The Flu

Eric Lam – Bloomberg (subscription) 

Is the rise of Bitcoin analogous to the spread of an infectious disease?

DNT: Please allow me to provide an answer to this: depends on how we look at it. So, not only BTC, but the entire cryptoverse, might be not the disease but the cure for and old and extremely conservative financial system. Of course, from this old system’s point of view, cryptos are a disease. And we all know how the big ones reacted on this matter. Just check our FREE ARCHIVE and you will quickly refresh your data. You can also provide some answers to us: share your thoughts – join our LINKEDIN GROUP or TELEGRAM GROUP!

FAO: Their analysis was meant to grab the headlines – and it did. It’s an interesting perspective. So if the “flu” just passed, it means investors can now judge their placements with a clear head. Right? So the cryptoverse is a better trading environment than what it was 6 months ago?

Deals & Investments

Crypto Hedge Fund Pantera Capital, Known For Eye-Popping Early Returns Lost Nearly 50% Last Month

Kate Rooney – CNBC

Pantera Capital, a hedge fund that gained attention for returning 25,000% over its lifetime through the end of last year, saw the value of its cryptocurrency fund cut nearly in half in March, according to an investor letter.

FAO: Let’s look at the bright side: Pantera’s Bitcoin Fund has still returned more than 10,000% life to date. I think these results were anticipated considering the recent market conditions.

CoinTracker Raises $1.5M To Make Tracking Crypto Investments Easy For Anyone

Jon Russell – TechCrunch

The service tracks your crypto across wallet addresses — using public information, nothing private — while it throws in API keys from the top 14 crypto exchanges. That helps fill in more gaps and give you a fuller read on how your crypto investment has performed. A transfer matching algorithm is in place to help figure out trades on decentralized exchanges, which are more complicated to track.

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 Bittrex Is Taking New Customers Again

Annaliese Milano – CoinDesk

Registrations were initially paused in December due to saturated capacity and new users were enrolled through a waiting list program over the past few months, according to a statement. All customers will have to complete identity verification procedures to finish their signups.

No Plans To Go Public Anytime Soon: Circle CEO, Jeremy Allaire

Ben Ng – Ej Insight

The second part of the interview with Jeremy Allaire, co-founder and CEO of blockchain-based payments startup Circle.

DNT: The Interview outlines the blockchain expert’s thoughts on regulatory issues related to crypto assets, and other topics.

FAO: Today’s must read. Circle acquired Poloniex in February and is now planning its Asian expansion. Crypto prices may be down this year, but remember, the cryptoverse is morphing into a whole new breed of markets ecosystem. I suggest you keep an eye on how companies like Circle or Coinbase develop in order to get a glimpse of how markets will look in 5 years from now.

Cryptocurrencies

Lessons On Bubbles From Bitcoin

Noah Smith – Bloomberg (subscription) 

The recent Bitcoin bubble wasn’t the first, and it might not be the last. Once in 2011 and twice in 2013, the price soared and then crashed.

Until there is a way to bet against an asset, its price will be set by the most upbeat buyer.

FAO: I agree!

Vendors

Bitcoin Is Eating Quebec

Kathryn Miles – Technology Review

A Canadian hydropower operation put out the welcome mat for bitcoin miners. Shortly thereafter, it was overrun.

DNT: Bon appetit 🙂 !

FAO: And other places too, read below…

Cryptocurrency Miners Seek Cheap Energy In Norway And Sweden

Christoph Steitz & Stephen Jewkes – Reuters

Cryptocurrency miners are moving in to Norway and Sweden to take advantage of cheap hydro-electric energy and low temperatures to power and cool their servers.

FAO: Oh, for those interested, there are lots of more affordable places in Europe with cheap hydro-electric energy. Need professional advice? You can contact me directly via Earn.com – here’s my profile.

BitPeople

EU Official Says Eurozone Needs To Make A Commitment To Blockchain Technology

Aaron Hankin – TechCrunch 

Andrus Ansip, European Commission v.p., called on the region’s leaders to commit more resources to the technology sector. To that end, Ansip said if Europe wants to maintain its status as a leader in artificial intelligence in healthcare and other fields it has to do more, both politically and financially, in adopting and advancing blockchain technology.

FAO: Maybe it’s time to shake up that cash box…

Regulation

Widespread Fraud In ICOs And Penny Stocks Shocked SEC’s Jay Clayton

Nick Baker – Bloomberg (subscription) 

Jay Clayton, the former Wall Street deals lawyer who leads the U.S. SEC said one of the biggest surprises of his first year heading the agency has been learning about the levels of fraud surrounding ICOs and penny stocks.

Australian Money-Laundering Watchdog Moves To Regulate Bitcoin Providers

Reuters Staff – Reuters

Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, a move it hopes will help minimize the risk of money laundering, terrorism financing and cybercrime. Effective immediately, all so-called digital currency exchange providers with operations in Australia must register with AUSTRAC, the government agency said in a statement.

Analysis

YouTube And Facebook Are Losing Creators To Blockchain-Powered Rivals

Camila Russo – Bloomberg (subscription) 

Some say privacy concerns, censorship, and a coming ban on cryptocurrency ads are driving them away from the big names.

Other news

Dubai’s Alibabacoin Says Alibaba Has No Monopoly On ‘Magic’ Name

Jonathan Stempel – Reuters

The Dubai-based cryptocurrency firm Alibabacoin Foundation said Alibaba Group cannot monopolize the “magical” Alibaba name, and asked a U.S. judge to dismiss the Chinese e-commerce retailer’s trademark lawsuit.

FAO: It’s like I have somehow guessed their arguments more than a week ago, when I was mentioning the folk tale “Ali Baba and the Forty Thieves”, one of the most familiar of the “Arabian Nights” tales… – more here.

Ledger Wallet Users Can’t Access Their Bitcoin Cash

Annaliese Milano – CoinDesk

Ledger wallet users have been unable to access their bitcoin cash and some users believe the hardware manufacturer is dragging its feet. According to complaints lodged by users on Reddit, they are unable to access their bitcoin cash wallets, cannot view their balances or make transactions.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News