Kate Rooney – CNBC
Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company’s CEO.
“Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman said. “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors.”
FAO: Nothing surprising. Nasdaq will definitely be among the first global exchanges joining a more regulated “cryptoverse”. Investors want to jump in, brokers and exchanges need regulation for this. Regulators will regulate. The “cryptoverse” will explode.
Olga Kharif – Bloomberg (subscription)
A VC firm that sprang from the Rockefeller fortune is setting its sights on cryptocurrency businesses while sticking to its roots: investing in startup equity rather than simply snapping up digital tokens.
FAO: It still counts as a presence in the “cryptoverse”.
Wolfie Zhao – CoinDesk
SBI Holdings has added a stake in token trading platform Templum to its cryptocurrency portfolio companies. New York-based Templum announced that it had gotten backing from SBI, thereby completing a $10 million round of financing. In October, the startup revealed that it had raised $2.7 million in funding from a group of investors that included Raptor Group, Galaxy Investment Partners, Blockchain Capital and firstminute.capital.
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Editors’ Pick: Kimlic – The First Legally Compliant KYC Solution on Blockchain. Kimlic is a private blockchain that enables sharing proof of KYC between financial institutions by permission of individuals. Kimlic is compliant with EU regulations too.
Kimlic Token is on Private Round
Want to know more about the project or to contribute on private round? Contact us HERE!
Wolfie Zhao – Coindesk
Zhao Changpeng, the founder of Binance has denied an allegation for breaching an exclusivity agreement. In a blog post Binance issued a response to the report which indicated that Zhao is currently facing a lawsuit filed with the Hong Kong High Court by venture capital giant Sequoia, once a potential investor of Binance.
FAO: More about this yesterday, Exchanges section. You haven’t answered any of my crazy questions I added there…
Alexander Osipovich – The Wall Street Journal (subscription)
Gemini has teamed up with Nasdaq to beef up its defenses against market manipulation—the latest sign that the cryptocurrency industry is trying to get past its Wild West days. The deal comes as regulators have stepped up scrutiny of digital-currency exchanges in recent months. SEC officials have warned of potential fraud and manipulation on the largely unregulated trading venues.
FAO: So Nasdaq is not that far from jumping in, as it will use this Gemini deal to test part of its tech on the crypto trading environment.
Aziz Abdel-Qader – Finance Magnates
German bank VPE has partnered with Berlin-based fintech company solarisBank to facilitate cryptocurrency trading for institutional investors, like hedge and pension funds.
FAO: Remember that Thomson Reuters survey we were talking about the other day? One in five big financial firms getting ready to trade crypto – well, I guess they were right…
David Floyd – CoinDesk
Bitcoin’s limited supply is about to get a bit more limited. Barring an unforeseen event, the 17 millionth bitcoin is likely to be mined in the coming day, data from Blockchain.info shows, a development that would mark yet another milestone for the world’s first cryptocurrency. That’s because as per bitcoin’s current rules, only 21 million bitcoin can ever be created.
William Suberg – Cointelegraph
Molly Jane Zuckerman – Cointelegraph
Camila Russo – Bloomberg (subscription)
Resurgent cryptocurrencies were able to shrug off yesterday’s broad financial market sell-off, but they’re not so immune today amid concern that one of the cornerstones of the sector has run into some problems.
FAO: Just when you thought everything was fine and dandy again in the crypto world…
Nikhilesh De – CoinDesk
Cisco won a patent that could be applied to the bitcoin mining process.
The patent outlines how computer owners may be able to offer up their unused processing power for certain processes – including the energy-intensive mining process. The filing describes how a user could partition their resources to create dedicated computing power for a cloud application.
Ron Miller – TechCrunch
If you believe blockchains will proliferate in the coming years, it stands to reason that you will need some sort of mechanism to move information between them — a network of blockchains with bridges and processes for sharing information between entities. That is exactly what The Aion Network is providing with a new blockchain network.
Jeremy Epstein – CNBC
The days of full-time employment and long-term job stability are coming to an end. Nasdaq estimates that 43% of the U.S. workforce will be freelancers by 2020, part of a growing gig economy of project-based jobs. This raises a lot of concerns about the future of work, especially when there is also the threat of A.I. and robots replacing workers.
Leigh Cuen – CoinDesk
Two of the most prominent startups in the sector are teaming up to entice developers to build just that. Decentralized internet startup Blockstack and exchange platform ShapeShift are jointly offering a $50,000 bounty to the team or developer that makes the best open-source “universal” crypto wallet.
Laura Noonan – Financial Times (subscription)
Spain’s BBVA has become the first global bank to issue a loan using DLT and has the potential to revolutionise banking processes. BBVA said it carried out the entire process for a €75m corporate loan — from negotiating terms to signing the loan — on a mutually distributed ledger that kept both the bank and borrower up to date on the loan’s progress.
FAO: Last year we had multiple reports of BBVA testing blockchain tech. One of them said it was working with Ripple on a project – here’s a report. And BBVA is not the only Spanish bank in this space, as in May last year we reported about a new blockchain consortium formed by a group of Spanish banks, including: Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja. And Banco Santander is testing blockchain too.
Ferdinando Giugliano – Bloomberg (subscription)
The joke doing the rounds at last week’s spring meetings of the International Monetary Fund and the World Bank in Washington was that central banks are looking into cryptocurrencies so that their governors have something to say when they go to conferences and are asked about Bitcoin.
FAO: Hilarious joke, but it might be true.
Neil Jerome Morales – Reuters
The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment, a government official Raul Lambino said. The companies would be the first virtual currency firms to operate in the Philippines after regulators legalised their entry into an economic zone in February, in contrast to neighbouring countries which have not allowed such entities.
Lily Katz – Bloomberg (subscription)
Digital-coin exchanges have found a new haven in an archipelago in the Mediterranean Sea.
FAO: Check out these latest stats – Malta leading in trading volumes, followed by South Korea and Belize. Amazing shift.
The Crypto Valley Association announced that ConsenSys is joining the Association as a Strategic Partner.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News