Kate Rooney – CNBC
Bitcoin investors expect a price surge after Tax Day, which many say has put pressure on the cryptocurrency this year.The digital currency traded near $8,000 Monday after rising more than 18% ast week.
FAO: US Tax Day is today! Let’s see what’s next.
Reuters Staff – Reuters
Leonid Bershidsky – Bloomberg (subscription)
Maria Kiselyova & Jack Stubbs – Reuters
Russia’s state telecommunications regulator said it had begun blocking access to Telegram messenger after the company refused to comply with an order to give Russian state security access to its users’ secret messages. A Roskomnadzor official said it would take several hours to complete the operation to block access, Interfax news agency said.
DNT: We reported in our yesterday’s edition, that Moscow Court Blocked Telegram Chat App. Seem that the operation begun but, as the story informs, Telegram app was still functioning as normal by mid-afternoon on Monday. The company’s website had been blocked by two of Russia’s biggest service providers, MTS and Megafon. Moreover, Russia’s state telecommunications regulator said it had sent requests to Google and Apple asking them to remove the Telegram messenger service from their application stores, as Reuters informs.
Kate Rooney – CNBC
Coinbase will acquire Earn.com, which lets users send and receive digital currency for replying to emails and completing tasks. As part of the reported $100 million deal, Earn’s co-founder and CEO Balaji Srinivasan will become Coinbase’s first chief technology officer.
FAO: As rumoured last month, Coinbase buys Earn.com after it has announced it bought Cipher Browser (yesterday). Earn’s co-founder and CEO Balaji Srinivasan will become Coinbase’s first CTO. Top dealmaker from LinkedIn, Emilie Choi, recently hired by Coinbase seems to do a very good job already. New acquisitions will clearly follow, made not only by Coinbase, but also by other major crypto players, in order to survive in a soon to become much bigger “cryptoverse”.
Yuji Nakamura – Bloomberg (subscription)
Kraken will end its trading services for Japanese residents. The San Francisco-based company cited the rising costs of doing business in Japan for its decision, though it said it may re-enter the country in the future. It tentatively plans to cease all its services, which began in October 2014, by the end of June, it said in an emailed statement.
DNT: According to Bloomberg, the company said that it wants to use its resources in order to improve in other geographical areas.
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!
Julie Verhage, Stephen Morris & Sonali Basak – Bloomberg (subscription)
Barclays has been gauging clients’ interest in the British bank starting a cryptocurrency trading desk, potentially joining Goldman Sachs Group Inc. in pioneering a new business on Wall Street, according to people with knowledge of the matter.
Annaliese Milano – CoinDesk
Crypto exchange Coinsecure will pay back users following a $3.4 million theft last week – but there’s a catch. According to a message posted on the India-based exchange’s website, all of the balances held in Indian rupees are secure. But the 438.318 BTC stolen is currently being tracked and has yet to be recovered. And depending on the outcome of its investigation, those bitcoin-denominated funds may ultimately be paid out in rupees instead.
DNT: Read more about Coinsecure hack here, Exchanges & Trading Venues section.
Ruth Umoh – CNBC
In the male-dominated world of cryptocurrency, IBM is going against the grain. The company’s 1,500 member blockchain team is led by Bridget van Kralingen, senior vice president of global industries, platforms and blockchain. Meanwhile, the actual blockchain development was led by IBM Fellow Donna Dillenberger.
Aaron Stanley – Forbes
Cryptocurrency markets may still be mired in the trough of disillusionment, but interest in blockchain and distributed ledger technology continues to percolate within the United States government.ACT-IAC, a non-profit educational group that strives to help governments better utilize technology, has taken a first stab at this with the unveiling of its first-ever Blockchain Playbook for the federal government.
Wanchain, the distributed financial infrastructure powered by cross-blockchain smart contracts with privacy protection, announced the founding class of WANLab.
Simon Golstein – Finance Magnates
The Texas State Securities Board has published a report on cryptocurrency fraud, calling it “widespread”. The 14-page report refers to a four-week investigation which the authority carried out “in response to a sharp increase in the number of cryptocurrency investment opportunities being marketed to Texans”.
The TSSB does not regulate cryptocurrency, but investment offerings that claim to use them.
Evelyn Cheng – CNBC
The blockchain technology underlying bitcoin could hurt Swiss banks the most, according to Moody’s Investors Service.
Blockchain has the potential to significantly reduce transaction costs and time, likely cutting into bank fees and commissions, Moody’s said in a report. In that scenario, Switzerland is most at risk since its massive banking industry generates half of its revenue from fees and commissions, the ratings agency said.
DNT: Switzerland banking system is sensitive to blockchain but it’s not the only one. Read more below.
Jasper Jolly – City A.M.
The UK banking system is among the most exposed to disruption from blockchain technologies, according to a report published by Moody’s Investors Services.
Aaron Hankin – MarketWatch
“Despite tremendous hype over the potential for crypto technologies in money and finance—specifically, blockchain and distributed ledger technology—we see little likelihood of widespread adoption in any area in the near future,” wrote analysts at Barclays.
A research project funded and co-run by NASA is looking to leverage the Ethereum blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris.
Richard Partington – The Guardian
The advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of “inevitable” accidents waiting to happen, the head of the International Monetary Fund, Christine Lagarde has said.
Yale professor of economics Robert Shiller has changed his tune when it comes to the longevity of Bitcoin.
DNT: Not so long ago, more exactly in October 2017, Robert Shiller called the cryptocurrency a fad and compared it to thetulip bulb mania from XVII century. But, he also said: “I’ll take bitcoin, too, because I know I can sell it and get out of it. There seems to be some strange enthusiasm for it”. – details here, Fans Section.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News