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.”
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.
Evelyn Chang – CNBC
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.
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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…”
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.
Rachel McIntosh – Finance Magnates
Some in the crypto community have identified a possible link between the exchange and the embattled site.
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.
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..
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.
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.
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…
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.
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.
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.”
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.
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