Blockchain Daily News – Edition 191, 17.04.2018
April 17, 2018
Blockchain Daily News – Edition 193, 19.04.2018
April 19, 2018

Blockchain Daily News – Edition 192, 18.04.2018

Fans’ Section

IRS Gives Taxpayers One-Day Extension After Computer Glitch

Reuters Staff – Reuters

The U.S. Internal Revenue Service said it would give taxpayers an additional day to file their 2017 returns after computer problems prevented some people from filing or paying their taxes ahead of deadline.

Nearly Half Of Crypto Traders Refuse To Pay Taxes, Survey Finds

Aaron Hankin – MarketWatch

A significant number of investors have decided not to report gains from digital currency trading.According to a recent survey from TeamBlind, an anonymous social app for tech employees, 46% of people who made money trading cryptocurrencies in 2017 will attempt to dodge the tax man.

DNT: According to a 2014 ruling from the IRS, cryptocurrencies are taxed as property. Let’s not forget that BTC bulls said several times that the tax season is the main cause of Bitcoin latest underperformance because owners are selling it to fiat to pay their taxes. We will see.

Russia Blocks Google, Amazon IP Addresses In Bid To Ban Telegram

Reuters Staff – Reuters

Telegram’s CEO Is Using Bitcoin to Bypass Russia’s App Ban

Nikhilesh De   – CoinDesk

Telegram founder Pavel Durov said that he has been paying network administrators in bitcoin to bypass a government ban on his popular messaging platform.

DNT: Check also our yesterday’s edition for more on this topic.

Deals & Investments

A16Z And Founders Fund Sink $28M Into IRL Asset Blockchain Harbor

Josh Constine – TechCrunch

Blockchain Securities Platform Harbor Gets $28 Mln In Funding From Big

William Suberg – Cointelegraph

Several high-profile investors have confirmed investing in a funding round that raised $28 mln for Harbor, a Blockchain company looking to remove legal barriers to securities trading.

Europe’s Venture Capitalists Embrace Virtual Currency Craze

Tommy Wilkes – Reuters

Some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign of mainstream investor backing for the booming but controversial crowdfunding tool.

DNT: Ready, steady, go!

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

Cryptocurrency Exchanges Get ‘Fact-Finding’ Letter from New York

Chris Dolmetsch & Camila Russo – Bloomberg (subscription)

New York Seeks More Information From Crypto Exchanges

Reuters Staff – Reuters

New York Attorney General Eric Schneiderman sought information from 13 cryptocurrency trading platforms, including Coinbase and Gemini Trust, about their operations such as fee structures and safety measures to protect customer accounts.

“With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money,” Schneiderman said.

Cryptocurrency Exchange Coinbase Nabs Hedge Fund Executive To Join It As Its CFO

Ryan Browne – CNBC

Cryptocurrency wallet and exchange firm Coinbase has hired a Wall Street executive as its finance chief.The company said in a blog post that Alesia Haas, the CFO of publicly traded hedge fund Och-Ziff Capital Management, will join it as chief financial officer immediately. Haas will help Oz Management with the transition until June 1.

FAO: I don’t think their HR people are getting any sleep these days. It’s “pedal to the metal” at Coinbase on growing the team and developing the business. They know what’s coming and do their best to be prepared. Use our FREE ARCHIVE to see their latest hirings and acquisitions.

Cryptocurrency Wallet Blockchain Hires Top Goldman Sachs Exec Breanne Madigan To Help It Boost Institutional Clients

Arjun Kharpal – CNBC

Blockchain has hired a former Goldman Sachs executive to help boost its presence with institutional clients. Breanne Madigan joined the firm this month, Blockchain announced She will take up the role as head of institutional sales and strategy.

DNT: Madigan most recently served as head of institutional wealth services at Goldman Sachs,according to information provided by Blockchain.

In South Korea, Overseas Cryptocurrency Offerings Skirt Local Clampdown

Dahee Kim – Reuters

Six months after South Korea banned the issuance of new cryptocurrencies, they are starting to creep back into the country by using overseas listings for local trading.

Cryptocurrencies

Cambridge Analytica Planned To Issue Digital Currency: Sources

Anna Irrera – Reuters

Inside Cambridge Analytica’s Virtual Currency Plans

Nathaniel Popper & Nicholas Confessore  – The New York Times

The embattled political data firm Cambridge Analytica quietly sought to develop its own virtual currency in recent months through a so-called ICON, a novel fundraising method that has come under growing scrutiny by financial regulators around the world.

Bitcoin Price Defends $8K But Pullback Still In Play

Omkar Godbole – Coindesk

Many Bitcoin Miners Are at Risk of Turning Unprofitable

Olga Kharif – Bloomberg (subscription)

Bitcoin is at an inflection point.

Even with the price back above $8,000, many of the so-called miners that perform the complex calculations to generate the digital currency are at risk of turning unprofitable.

BitPeople

Citigroup Is Looking To Hire Bitcoin Pros To Sniff Out Risks In Cryptocurrency

Frank Chaparro – Business Insider

Citigroup is looking to staff up a unit of the bank looking at risks associated with money laundering.The New York-based financial-services giant is seeking a vice president and senior vice president to explore risks associated with money laundering in bitcoin, cryptocurrency, and other nascent payment technologies, according to LinkedIn job ads.

Entrepreneur Sam Ling Won A Lunch With Warren Buffett. Now He’s Looking To Beat Him With Cryptocurrency

Qian Chen – CNBC

Chinese entrepreneur Sam Ling and his partner spent $2.35 million bidding on a private lunch with Warren Buffett in 2015.Buffett, who Ling calls his “idol,” has expressed skepticism about cryptocurrencies.Ling, nonetheless, says he is willing to bet that his cryptocurrency index will outperform Buffett’s portfolio over the next 10 years.

DNT: What do you think about this bet. Who will win it? Share your thoughts join our LINKEDIN GROUP or TELEGRAM GROUP!

Latest Developments & Agreements

Blockchain Platform Eligma Prepares To Test Cryptocurrency Payment System In Major Shopping Mall

Connor Blenkinsop – Cointelegraph

A Blockchain-driven platform has announced it will begin testing a brand-new transaction system for cryptocurrency payments within the coming days.Eligma says the beta version of its EliPay technology is going to be rolled out to selected retailers in BTC City, one of Europe’s largest shopping centers.

Events

Via TechCrunch – Ripple’s Brad Garlinghouse and XRP Capital founder Michael Arrington to talk cryptocurrency at Disrupt SF 2018 (September 5 to September 7)

Analysis

Bitcoin’s Sudden Drop Snaps Seven Straight Days Of Crypto Gains

Dave Liedtka – Bloomberg (subscription)

Are Bitcoin bulls getting nervous?The largest cryptocurrency declined suddenly this afternoon absent any easily identified catalysts, putting the price on a pace to finish lower for the first time in seven days. Keep in mind that the decline was only as much as 1.6% the biggest intraday drop since April 12.

Why Morgan Creek Went ‘Full Tilt’ On Blockchain

Bloomberg video (subscription)

DNT: Mark Yusko, Morgan Creek Capital Management CEO discusses the hedge fund’s purchase of crypto-focused venture-capital firm Full Tilt Capital. The Morgan Creek acquisitions of Full Tilt Capital was reported here, Deals & Investments Section.

How To Make Sense Of Cryptocurrency Valuations

Aaron Brown – Bloomberg (subscription)

Bitcoin is the largest and best-known cryptocurrency, but there are dozens of other major products and hundreds of minor ones, as well as cryptoassets and tokens. Yet there is no method or established tool that allows investors to analyze and value the assets that are being created seemingly every day.

What Bitcoin Can Teach Us About The Value Of Futures Exchanges

Darah  Hansen – The Globe and Mail

Bitcoin reached an important milestone last December. That’s when the digital currency made its debut on the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) after months of furious debate over its intrinsic worth.

Other news

Sindri Thor Stefansson, A Suspect In Iceland’s ‘Big Bitcoin Heist’ Escapes Prison

Los Angeles Times

Sindri Thor Stefansson A prisoner in Iceland suspected of masterminding the theft of about 600 computers that were being used to mine bitcoin and other virtual currencies escaped custody and fled on a passenger plane that a witness said also carried the remote North Atlantic nation’s prime minister.

DNT: Oops!

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News