Nathaniel Popper – The New York Times
Some of the biggest names on Wall Street are warming up to Bitcoin. The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential.
DNT: Whoa..Looks like It’s getting crowded in the cryptoverse arena!! This rumor about the potential move of ICE comes shortly after Goldman Sachs’ intention to open a Bitcoin trading operation – details here – Fans’ Section.
FAO: “ICE ICE BABY!” Told you Jeff Sprecher was a patient hunter. Read my previous comments in this December edition. As I said back then “All US exchanges offering derivatives will act towards crypto-derivatives”. Last year Nasdaq also discussed about a possible launch of a Bitcoin Futures contract on its NFX market in 2018 (more here, via Straits Times). ICE’s Sprecher didn’t rush into launching bitcoin futures last December, but instead let his competitors to test the market potential (and assume the risks). Now it seems he was quietly building its own bitcoin trading platform and, eventually, when the conditions are met (see the recent push for crypto regulation in US and EU), ICE will probably launch its cash and futures markets for bitcoin and other crypto assets. Now you can really see why Coinbase has adopted such an aggressive business development strategy. Remember the statements of Leo Melamed, Chairman Emeritus of CME Group – last November.
Evelyn Cheng – CNBC
Microsoft co-founder Bill Gates said he would bet against bitcoin if he could.
“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates said, “I agree I would short it if there was an easy way to do it,” he said.
DNT: “An easy way”..It’s a kind of money for nothing? I wonder what it keeps him away, though.
FAO: He had his chance six months ago…
Wolfie Zhao – CoinDesk
Zhao Changpeng, the CEO of Binance, said that the ICO model is preferred to venture capital – even with the risk of fraud. In a blog post published Monday entitled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” the Binance chief took aim at the VC world, notably writing that he believes “raising money through ICOs is about 100 times easier than through traditional VCs, if not more.”
Samantha Hurst – Crowdfund Insider
Global blockchain fintech firm Quoine announced it has launched its ICO platform, which the company describes as an all-in-one ICO execution service that provides a safe haven for both token participants and token issuers. QUOINE reported that its ICO Mission Control will initially be integrated within the QRYPTOS exchange, before becoming part of the forthcoming LIQUID platform.
FAO: Here’s another interesting project on which we are keeping an eye. Quoine’s ICO (oversubscribed) raised $105m from people in 98 countries! More details about the it – here, Deals, Investments & M&As section. QUOINE LIQUID aims to create the “World Book”, a global order book, to provide global liquidity in cryptocurrencies.
Wolfie Zhao – CoinDesk
The Stock Exchange of Thailand (SET) has launched a crowdfunding marketplace that is built on blockchain technology in a bid to widen the access to capital funds for domestic startups.According to an announcement, the new service, dubbed LiVE, uses blockchain to enable peer-to-peer trading in an effort to help startups access new capital from investors, including those drawn from the venture capital and institutional investor worlds.
Crypto Currency News
Leaving Bitcoin and cryptocurrencies on an exchange means that you risk losing them if the site is hacked or otherwise breached. The safer alternative is to store your coins in a cryptocurrency wallet. This is a piece of software that stores public and private keys, and that interacts with the blockchain.
Neil Irwin – New York Times
Many enthusiasts of Bitcoin and other cryptocurrencies are motivated by deep skepticism of the central banks that control the world’s money supply. But what if central banks themselves entered the game? Former Fed governor Kevin Warsh – who was also a finalist to lead the central bank — thinks the idea deserves serious consideration.
FAO: Dream on!
Nikhilesh De – CoinDesk
Circle is adding the privacy-focused cryptocurrency monero to its Invest application, the company announced. Just one week after the payment platform announced it was adding zcash to its trading app, the company added monero, according to a blog post. As with the other tokens available on the app, users will be able to purchase or invest the cryptocurrency.
FAO: When regulation will hit the “cryptoverse”, hosting privacy-focused coins will definitely be an issue for trading venues. We shall see.
Nico Grant – Bloomberg (subscription)
Oracle will unveil its blockchain software starting this month, joining the growing list of companies offering products that use the digital-ledger technology behind Bitcoin.
The company will introduce a platform-as-a-service blockchain product this month and decentralized ledger-based applications next month, Thomas Kurian, president of product development, said.
FAO: Oracle couldn’t just sit and ignore the huge business potential of blockchain and had to follow the track already set by its competitors, Microsoft and IBM. Speaking of which…
Nikhilesh De – CoinDesk
Microsoft announced the Azure Blockchain Workbench, releasing a new set of tools for developers that work with distributed ledger tech. The Workbench provides “the scaffolding for an end-to-end blockchain application,” and can be set up “with just a few simple clicks”. Put more simply, Microsoft is trying to streamline the method by which companies and their development teams can build apps on top of Azure-based blockchains.
CNBC’s Everett Rosenfeld with the Associated Press
New York Attorney General Eric Schneiderman announced he was resigning from his office, which will take effect at the close of business on today. That followed allegations published in The New Yorker that Schneiderman was physically violent with four women with whom he was romantically involved.
DNT: Ohh, that’s quite a “bomb”…I can’t help myself to wonder what will happen with his ongoing inquiry into crypto exchanges – read details about it – here, Exchanges & Trading Venues section.
Via Finextra – Bitfinex appointed former Director of AML, Peter Warrack, as chief compliance officer.
Sydney-based IoT Group, an ASX-listed firm, has inked a deal with the Australian reseller of Bitfury’s bitcoin mining hardware to kickstart a mining operation if it can get a decommissioned coal plant up and running again.
Danny Crichton – TechCrunch
Transcripts, diplomas, resumes — simple documents with enormously important economic consequences for their holders. The right classes or GPA on a transcript can radically change the career prospects of a young graduate, and yet, the infrastructure that manages these critical documents still centers on mailing official paper to processing centers. Learning Machine wants to completely migrate these documents into the digital era by placing them on the blockchain.
Bitcoin Vietnam, the oldest cryptocurrency exchange in the country, is having its domain name, bitcoin.vn, seized by the Vietnamese government. The Ministry of Information and Communications has also decided to fine the company 40 million VND (approximately $1,758) for illegal social networking and setting up an illegal site.
FAO: Starting 01 January 2018 Vietnam has made illegal the issuing, distribution, and use of digital currencies.
So it’s time for another update of our…
Team “Pro”: Japan, Hong Kong, Singapore, Australia, United Arab Emirates, Bahrain, Cambodia, Catalonia, Argentina, Gibraltar, Malta, Belarus, Moldova
Team “Against”: China, India, Russia, Malaysia, South Korea, Indonesia, Lebanon, Taiwan, Israel, Indonesia, Kazakhstan, Iran, Vietnam (new entry)
Team “Neutral”: EU, USA, Canada
Rob Urban & David M Levitt – Bloomberg (subscription)
The employees of ConsenSys have taken over the space at 49 Bogart St. in the Bushwick neighborhood of Brooklyn, New York. Inside its brick walls, they hope to develop new technology to decentralize and democratize a host of things, including the way we record real estate deals, track art ownership and pay people for work. Outside the walls, they’ve helped transform the neighborhood in a way that’s reminiscent of precincts in London, San Francisco and Hong Kong.
Naureen S Malik – Bloomberg (subscription)
Australian blockchain technology provider Power Ledger has its eyes set on Puerto Rico where power was wiped out by Irma and Maria last year. The company has hired Dante Disparte, a grid resiliency and security expert from Puerto Rico, to lead its efforts in the U.S. territory, said Jemma Green, co-founder and chair of the firm.
Thornton Mcenery – Dealbreaker
DNT: This story made my day! John McAfee invites Jamie Dimon to a Blockchain conference in Atlantic City. Check McAfee’s tweet here – You MUST watch the video.
FAO: It’s a PR thing of course, but it’s definitely fun to watch…
Camila Russo – Bloomberg (subscription)
Ethereum, a security? Ethereum co-founder Joseph Lubin was maybe the only speaker to focus on the question at the Community Ethereum Development Conference in Toronto, which featured stuffed animal unicorns, coders dancing to a video of bouncing badgers and mushrooms, and t-shirt clad attendees, largely in their 20s. Many of Ethereum’s co-founders attended, as well as hundreds of developers for the decentralized applications being built on top of the network.
Reuters Staff – Reuters
Bitcoin’s drop in value from its December 2017 peak of $19,511 was tied directly to the listing of futures contracts tied to the cryptocurrency’s value, new research published by the San Francisco Federal Reserve showed. “The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence,” four researchers wrote in the latest edition of the regional Fed bank’s Economic Letter.
Leigh Kamping-Carder – The Wall Street Journal (subscription)
Radical change is sweeping the globe. New technology is turning science fiction into reality, improving quality of life for some and leaving others behind. The #MeToo movement has rocked workplaces and forced us to rethink interactions between men and women. And consumers are rejecting everything from hamburgers to housecleaning products that don’t tell a story about their provenance. What’s next?
Danny Crichton – TechCrunch
While the cryptocurrency craze last year brought more consumer attention to blockchain technology, the future of this movement will be in the enterprise.
Matthew Leising – Bloomberg (subscription)
Bitcoin is relatively cheap ahead of a major cryptocurrency conference in New York next week, setting the stage for a rally, according to researchers led by Tom Lee of Fundstrat Global Advisors.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News