Blockchain Daily News – Edition 198, 26.04.2018
April 26, 2018
Blockchain Daily News – Edition 200, 02.05.2018
May 2, 2018

Blockchain Daily News – Edition 199, 27.04.2018

Fans’ Section

Wall Street Clearing Firm Stretches Legs In Cypress Waters, Explores Blockchain

Jon Prior  – Dallas Business Journal (subscription) 

“We have dedicated resources looking at blockchain and distributed ledger. It definitely is a big industry buzz word right now,” said Options Clearing Corp. Vice President Mike Hansen, who is based in the company’s new Dallas office.

FAO: Probably the most important story of this week. It signals the growing interest of Wall Street players to jump in the cryptoverse. They won’t be able to do that without: 1. proper regulation 2. vital market infrastructure. The OCC specialises in equity derivatives clearing, providing CCP clearing and settlement to 15 exchanges.

An ‘Ugly Christmas Sweater’ Company Is Making A Fortune On These Bitcoin And Ethereum Sweaters

Melia Robinson  – Business Insider

Fully-knit sweaters emblazoned with the logos of popular digital currencies, including bitcoin, Ethereum, and Litecoin — known as “ugly crypto sweaters” — are sweeping the online crypto community. Their maker, Hodlmoon, a spinoff of UglyChristmasSweater.com, sold more than 2,000 sweaters in 2017.

FAO: I just got something even cooler – my very own special bitcoin cup. It’s just $29.99 and made in Romania. If you want one send me an email here.

Deals & Investments

Nexon Refutes Rumors It Will Buy Bitstamp

Molly Jane Zuckerman – Cointelegraph

Video game company Nexon Korea has denied that they are in talks to acquire the Bitcoin exchange Bitstamp, local news outlet The Korean Herald reported. The company’s denial comes after Business Insider wrote about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former for around $350 mln.

FAO: Rumors said (the other day) Bitstamp was up for sale for about $350 million. Nexon denies it. The only clear thing is that consolidation has already started, and 2018 will be a very busy year in terms of acquisitions.

Cryptocurrency Price Crash Predicted As Mt Gox Moves $144m Worth Of Coins

Anthony Cuthbertson – Independent 

The defunct cryptocurrency exchange Mt Gox has moved 16,000 bitcoins from its vaults to an unknown address, sparking concerns of an imminent price crash.

Future Stars?

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Editors’ Pick: KimlicThe 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!

Exchanges & Trading Venues

Coincheck Earned $490 Million Before Epic Heist

Yuji Nakamura – Bloomberg (subscription) 

Monex Group Reveals Plans for Blockchain Project, Shows Coincheck Profits

Miguel Gomez – Cryptovest

In its financial filing for Q1 2018, Monex Group unveiled its plans for a blockchain project and ICO in its description of mid-to-long-term initiatives. In Section IV of its financial report, Monex described a new blockchain-based service it plans on creating that will be the “future of finance.”

FAO: So the hackers managed to steal an amount about the size of the exchange’s April 2018 – January 2018 profits. Then Monex buys Coincheck for $34m (announced here).  Sorry, but various, let’s say “fictional”, scenarios are going through my head right now. No more comment on this from my end.

Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial

Ana Alexandre – Cointelegraph

Tokyo-based virtual currency exchange Everybody’s Bitcoin Co. Ltd. has been issued an official warning by the Japanese FSA, according to a press release. Citing articles of the Supplementary Provisions Act on Financial Settlement, the FSA issued the company an improvement notice, which obliges them to rectify any inconsistencies or shortcomings in their business operations.

Romania’s Oldest Bitcoin Exchange Is Shutting Down Next Week

Nikhilesh De – CoinDesk

Romania’s BTCxChange announced it was closing its platform earlier this week.

In a notice, the nation’s oldest cryptocurrency exchange told its customers to withdraw all of their remaining funds from the platform, which had already suspended most of its operations – including the ability to trade between cryptocurrencies and fiat currencies like the Romanian leu – earlier this year.

FAO: Banks have closed its accounts. It was a profitable business btw.

Cryptocurrencies

Parity Says ‘No Intention’ To Split Ethereum Over Fund Recovery

Rachel Rose O’Leary  – CoinDesk 

Parity Technologies issued a statement stating it has no plans to move forward with a code change that would result in an ethereum blockchain split. Named EIP-999, the contentious code change would recover the $264 million lost due to a code fault in Parity wallets in November 2017.

CBOE Saw Its Highest-Ever Bitcoin Futures Volumes

Nikhilesh De – CoinDesk

Two major markets for bitcoin futures contracts saw a major boost in volume on Wednesday.

Available market data shows that CBOE saw its highest-ever volume for bitcoin futures since it first debuted the contracts back in December. 18,210 contacts for the May futures were traded, along with 703 for the June contract and 87 for the July contract. No volume was reported for the exchange’s August-dated contract.

FAO: Trading volumes are up and I presume they will keep rising after Cboe’s planned action after May 1st – it announced the other day it would lower the minimum increment on its futures contracts from 10 points (worth $10) to 5 points (worth $5).

Crypto World Gains Even More Options: Five New Fundstrat Indexes

Janine Wolf – Bloomberg (subscription) 

In a cryptocurrency universe of more than 1,500 tokens, Fundstrat Global Advisors has launched five additional price indexes to give investors even more ways to customize.

BitPeople

What Crypto Investors Can Learn from Billionaire George Soros

Tanzeel Akhtar – CoinDesk

FAO: There were some rumors about Soros preparing to start trading cryptos earlier this month. These rumors came after reports saying that Soros Fund Management was the third-largest Overstock.com shareholder at the end of Q4 2017. Overstock, a former e-commerce company, announced its intention to turn to blockchain some time ago. Check our FREE ARCHIVE for more about this.

The Crypto Crime Wave Is Here

Corinne Ramey – The Wall Street Journal(subscription) 

From stickups and drug deals to white-collar scams, cryptocurrency-related crime is soaring—and law enforcement is scrambling to keep up.

Latest Developments & Agreements

Barclays, Goldman Champion ISDA Standard for Blockchain Derivatives

Ian Allison – CoinDesk  

Blockchains and smart contracts were supposed to fix the inefficiencies and slash the costs of derivatives trading, but two years since such promises came in vogue, a foundational issue has yet to be ironed out.

Regulation

How To Regulate Crypto

The Economist

The wild ride seems to have calmed. Late last year speculators sent the price of crypto-currencies soaring. The value of bitcoin, the best-known, has fallen by half since then. But the momentum behind all things crypto remains powerful. Bitcoin is still worth seven times what it was just a year ago. No wonder regulators want to exert greater control over the crypto-sphere.

FAO: Weekend reading.

Events

Ethereum Founder  Vitalik Buterin Is Boycotting One Of The Biggest Crypto Summits

Camila Russo – Bloomberg

Ethereum founder Vitalik Buterin tweeted that he’s boycotting this year’s Consensus conference after CoinDesk, the news website that organizes the event, linked to a fraudulent website in one of its stories. Buterin, with almost 750,000 followers on Twitter, said he encourages others to say away from the event.

FAO: Buterin is right. CoinDesk’s mistake is quite embarrassing, considering their level of notoriety.

Analysis

AMD CEO Lisa Su Says Growth Is Coming From Gaming And Data Centers, Not The Crypto Frenzy

Todd Haselton – CNBC 

AMD president and CEO Lisa Su discussed the company’s Q1 and its strategy moving forward. “We’re very happy with how the quarter went and how the year started. For us it’s about our long term strategy paying off,” Su said. “We saw a nice ramp across our product lines across our PC, gaming and data center product lines.”

Will Institutional Cash Renew Growth In The Crypto Market?

David Drake – Irish Tech News

After losing more than 50% of its value this year, the cryptocurrency market is likely to experience steady growth in terms of trading volumes and reduced volatility in upcoming months.

FAO: With proper rules and regs in place, yes.

Other news

IBM Introduces A Blockchain To Verify The Jewelry Supply Chain

Ron Miller – TechCrunch 

IBM has been working to build large enterprise projects blockchain and hey offered an irrefutable example that they have dubbed TrustChain, a blockchain that proves the provenance of jewelry by following the supply chain from mine to store.

Sony Eyes Blockchain Use For Digital Rights Data

David Floyd  – CoinDesk 

Sony is looking at using blockchain to store digital rights data.

Opinion

Pantera CEO Dan Morehead Says Bitcoin Is ‘Screaming Buy,’ Bets On Icon

Erik Schatzker & Olga Kharif – Bloomberg (subscription) 

Dan Morehead of Pantera Capital Management comments on the cryptocurrency market.

Former Paypal CEO Bill Harris Says Investors Are Drinking The Bitcoin ‘Kool-Aid’

Kate Rooney – CNBC

Former head of online payments giant Paypal is bullish on the future of digital money but maintains that bitcoin is a scam. “Everyone is drinking the Kool-Aid,” Bill Harris, former Paypal, CEO said.

Bitcoin Will Replace Gold And Soar In Price To $700,000, Says Major Investor John Pfeffer

Anthony Cuthbertson – Independent

Bitcoin is better than gold “on every front” and could eventually be worth around $700,000, according to institutional investor, John Pfeffer.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News