Blockchain Daily News – Edition 192, 18.04.2018
April 18, 2018
Blockchain Daily News – Edition 194, 20.04.2018
April 20, 2018

Blockchain Daily News – Edition 193, 19.04.2018

Fans’ Section

Crypto Founder Yassin Hankir Tweets From Beach, Investors Fear For Their Cash

Camila Russo – Bloomberg (subscription)

Investors in cryptocurrency startup Savedroid are wondering whether the founder ran off with their money, the site has been hacked, or if it’s all part of an elaborate joke. A South Park meme with big, block letters saying “And It’s Gone,” was the only thing on the company’s website.

Founder Yassin Hankir tweeted a picture of himself at an airport and then holding a beer at the beach saying, “Thanks guys! Over and out … #savedroidICO.”

Bitcoin Whale Sightings Are Leaving Cryptocurrency Traders Jumpy

Janine Wolf – Bloomberg (subscription)

Occasional sighting of Bitcoin whales are leaving advocates of the biggest cryptocurrency anxious after what’s already been a choppy week of trading.Sudden market swings in the cryptocurrency this week have left price charts looking like a jack-o-lantern’s smile. And some investors are blaming the gyrations on actions by large Bitcoin holders, known as whales.

Deals & Investments

Billionaire Hedge-Fund Manager Stanley Druckenmiller And The Fed Chair Runner-Up Kevin Warsh Are Investing In A New Cryptocurrency

Evelyn Chang – CNBC

U.S. Cryptocurrency Project Gets $133 Million Investment From Big Investors

Gertrude Chavez-Dreyfuss & Anna Irrera – Reuters

A start-up launched by three Princeton University graduates for a new cryptocurrency has raised $133 million from a slew of big investors in a private placement, Intangible Labs Chief Executive Officer and co-founder Nader Al-Naji said.

Intangible Labs is the creator of basis, a digital currency that aims to maintain a stable price and be usable around the world.

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!

Amazon Wins Patent For Data Feed Marketplace That Could Include Bitcoin Transactions

Evelyn Chang – CNBC

The U.S. Patent and Trademark Office approved an Amazon.filing for a patent that can correlate different data streams and sell the combined feed in a marketplace.In one example of a possible use case, the filing described “a data stream that publishes or includes global bitcoin transactions (or any cryptocurrency transaction).

FAO: Is Amazon building its own crypto business right under our eyes? Check our FREE ARCHIVE for previous Amazon “sightings” in the cryptoverse.

DNT: It just might. Remember, in last November Amazon bought 3 cryptocurrency web addresses: amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Details here and here, Other news section. As I said at that time “An eventual and quite possible entrance of the giant internet-based retailer in the “cryptoverse” can shake, boost, magnify and change everything…

Exchanges & Trading Venues

The Best Money Transfer Rates Bypass Both Banks And The Blockchain

John Detrixhe – Quartz

A growing worry for banks is that tech companies are coming for their business, the same way Apple became a music distributor and Amazon invaded retail. The money transfer company TransferWise represents some of those anxieties: It offers cheaper foreign-exchange rates than banks typically do (and, if you’re keeping score, does it without blockchain). The London-based fintech unicorn is expanding into other services, like debit cards.

Could There Be a Link Between Bitfinex and Backpage?

Rachel McIntosh – Finance Magnates

Some in the crypto community have identified a possible link between the exchange and the embattled site.

Scam Twitter Profile Impersonates 6 Different Crypto Accounts

David Floyd  – CoinDesk

In an egregious example of the “blue checkmark” scam infecting crypto-Twitter, a fraudulent account that recently aimed to dupe users of the cryptocurrency Verge moved onto Bitfinex – that is, before going dark completely.

Cryptocurrencies

Banks Are Adding Crypto Trading To Their Resumes

Matt Levine – Bloomberg (subscription)

If clients want to play around with virtual currencies, banks will want to help them do it.

The job of a bank’s trading desks is to help their clients trade the financial stuff that they want to trade. There’s no especially coherent conceptual definition of what counts as “financial stuff.” If the sorts of customers who are banks’ customers want to trade a thing, then that thing becomes a financial thing, and so the banks had better start helping them trade it.

DNT: As simple as that..

Bolivar To Bitcoin Market Hits Record $1 Million Per Day

Patricia Laya – Bloomberg (subscription)

The Venezuelan bolivar to bitcoin market reached a record, as the dollar-starved nation increasingly seeks the digital token in exchange for its nearly worthless currency. The equivalent of $1.006 million were exchanged from bolivars to the digital token on April 17, according to data from VeneBloc, which tracks transactions made on LocalBitcoins’ website and currently posts a rate of 845,000 bolivars per dollar.

Latest Developments & Agreements

IBM-Backed Blockchain Trial Takes Aim At Advertising’s Middlemen

Ian Allison  – CoinDesk

A notable partnership involving a blue-chip advertiser and a well-known media brand is testing a private blockchain to see if it can remove some of the adtech intermediaries leeching from their value chain. The ad industry blockchain R&D consortium AdLedger is launching a proof-of-concept with publisher Salon Media and IBM, which is playing a dual role of advertiser and technology provider.

Accelerators & Hubs

Blockchain-Friendly Malta Attracts Another Blockchain Company – Neufund

Giulio Prisco – Bitcoin Magazine

Blockchain-based, equity fundraising platform Neufund, whose technology allows tokenization of shares and fundraising on the blockchain, is announcing that it will establish a strong presence in Malta and support Malta’s rapidly expanding blockchain ecosystem.

DNT: An intense activity in beautiful island of Malta lately…

Analysis

Cryptocurrency Funds Down Nearly 30% In March As Slump Persists: Index

Gertrude Chavez-Dreyfuss – Reuters

Cryptocurrency funds were down 29.2% in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, according to a new index launched by data provider BarclayHedge.

Other news

Blockchain Is About To Revolutionize The Shipping Industry

Kyunghee Park – Bloomberg (subscription)

Gantry cranes at the Port of Long Beach in California. Photographer: Tim Rue/Bloomberg

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.

SEC Issues Subpoena To Cryptocurrency Company Riot Blockchain

Scott Zamost – CNBC

The SEC has issued a subpoena to Riot Blockchain, the cryptocurrency company whose stock skyrocketed after changing its name, the company said. A CNBC investigation in February found a number of red flags in the company’s SEC filings that might make investors leery.Riot Blockchain Chairman John O’Rourke accused CNBC of publishing “a negative one-sided piece.”

Opinion

Bitcoin Is flashing A Rare Buy Signal, Crypto Hedge Fund Manager Dan Morehead Says

Kate Rooney- CNBC

The worst could be over for bitcoin, according to one of the best-known cryptocurrency hedge fund managers.Dan Morehead, CEO of Pantera Capital, said the digital currency has been growing at 165% per year in the five years the firm has been in business.

DNT: Morehead said  the cryptocurrency will go to $20,000 by the end of the year. What do you think? Share your thoughts – join our LINKEDIN GROUP or TELEGRAM GROUP!

Wall Street Analyst Richard Bernstein: Cryptocurrencies Are Nothing More Than the Tokens You Win By Playing Candy Crush

Camila Russo – Bloomberg (subscription)

Cryptocurrencies are no different from the coins in your favorite online game, according to Richard Bernstein. The difference between earning coins by playing Candy Crush to earning cryptocurrencies from solving sophisticated mathematical formulas is that cryptocurrencies are tradeable, the head of Richard Bernstein Advisors said.

DNT: If it’s true, I know a few people who should be millionaires :).

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News