Ari Levy – CNBC
Mark Zuckerberg is highly adept at addressing Facebook’s greatest threats. He spent $1 billion on Instagram because that’s where young people were posting photos. After getting rebuffed by Snapchat, he shelled out a whopping $19 billion for WhatsApp to make sure Facebook had a leading messaging platform. And to address Facebook’s weakness in consumer devices, he plopped down $2 billion for Oculus.
Yingzhi Yang – SCMP
Canaan Creative, China’s second-largest bitcoin mining hardware maker, is planning to seek an IPO in Hong Kong instead of the US, which if successful would make it the first blockchain-related company to list on the city’s bourse, according to people familiar with the matter.
Tom Metcalf – Bloomberg (subscription)
Behind the guards, the blast doors and down corridors of reinforced concrete, sit the encrypted computer servers — connected to nothing — that hold keys to a vast digital fortune.
Argentine entrepreneur Wences Casares has spent the past several years persuading Silicon Valley millionaires and billionaires that Bitcoin is the global currency of the future, that they need to buy some, and that he’s the man to safeguard it. His startup, Xapo, has built a network of underground vaults on five continents, including one in a decommissioned Swiss military bunker.
FAO: This story surely made some waves. Yet another proof that the cryptoverse is maturing.
Lily Katz – Bloomberg (subscription)
The hedge fund’s Digital Asset Fund surged 46% last month, compared with a 31% gain registered by the biggest digital coin, Pantera said in an investor letter Wednesday, citing “dynamic trading” for the strong performance.
Christine Masters – Cryptovest
Simon Golstein – Finance Magnates
Kai Sedgwick – Bitcoin.com
As one of the oldest and least fashionable cryptocurrencies on the market, bytecoin was an unexpected addition to Binance. The exchange is more accustomed to listing the latest “must-have” tokens such as Wanchain, but appears willing to add any coin if the price is right. The addition of bytecoin, as well as other recent listings, has had some traders scratching their heads. BCN is a controversial coin due to an allegedly huge pre-mine when it launched in 2014. It then effectively disappeared off the radar before resurfacing last year.
FAO: Did the Bytecoin bit you?
Lynne Marek – Chicago Business
Coinbase is planning to open an office in Chicago sometime soon, and it has already begun hiring employees in the city. The San Francisco-based company has tapped former CME Group executive Paul Bauerschmidt as its “product lead” in Chicago and has posted ads for other Chicago positions on its website. Bauerschmidt, who was head of CME’s swap execution facility from 2013 to 2015, declined to comment, saying the company expects to have an announcement soon.
FAO: Coinbase opening an office in Chicago was previously discussed last week. But Lynne managed to grab some names too. Good!
Frank Chaparro – Business Insider (subscription)
Steve Hunt, the former CTO at secretive trading firm Jump Trading, has been hired by Kraken, people familiar with the hire told Business Insider. Hunt was hired by the exchange, which is based in San Francisco, as its vice president of engineering, the people said.
FAO: As you can see the hunt for exchange and trading professionals is in full swing. Kraken, one of the top crypto exchanges in the US and in the world joins this hunt, in its mission to (at least) stay alive after big players like ICE and Nasdaq will have entered the crypto (cash?) markets. But Coinbase, Circle and Kraken are not the only ones seeing the future threat. Here comes bitFlyer which recently announced it was launching its operations in Europe…hence the new European staff…
Yuji Nakamura, Hideki Sagiike & Takahiko Hyuga – Bloomberg (subscription)
Yuzo Kano is trying to build a global cryptocurrency powerhouse, one former financier at a time. The Goldman Sachs alumnus, who turned bitFlyer into Japan’s largest Bitcoin exchange, is scooping up traders and bankers from both his old employer and former rivals as he embarks on an ambitious international expansion.
DNT: Pretty impressive evolution of Kano’s team which includes a former fixed-income desk head at Barclays and an ex-senior private banker at Credit Suisse and it has doubled to more than 150 people in the past six months. More, it is on pace to top 300 before year-end, the story informs.
Bloomberg, together with Galaxy Digital Capital Management, launched the Bloomberg Galaxy Crypto Index. The index is designed to track the performance of the largest, most liquid portion of the cryptocurrency market. The BGCI is market capitalization-weighted and measures the performance of ten USD-traded cryptocurrencies, including Bitcoin, Ethereum, Monero, Ripple, and Zcash.
Sujha Sundararajan – CoinDesk
South Korean cryptocurrency exchange Coinone is turning to Ripple’s enterprise blockchain network for cross-border payments. Coinone Transfer, an arm of the exchange that focuses on remittances, joined RippleNet, making it the first exchange in the nation to do so. The firm will be using xCurrent, one of Ripple’s three blockchain solutions, a press release states.
Via Markets Media – The digital asset market vendor tZero CEO Patrick Byrne has issued a letter to stockholder announcing that he is stepping down as CEO.
JD Alois – Crowdfund Insider
Digital Currency Dash CEO Ryan Taylor has been hacked. According to a statement released by Dash reps Taylor was the target of a concerted attack that impacted not just his Twitter account but LinkedIn and perhaps his cell phone too.
FAO: Ooops…Did someone “dash” with his identity?
Wolfie Zhao – CoinDesk
Organizers behind the EIP:0 Summit committed to four new governance steps according to a statement. Notably, Parity Technologies, Aragon and the Web3 Foundation have already pledged their support in signing the statement of intent.
Christopher Udemans – Tech Node
China has begun establishing national standards for blockchain technology, hoping to complete the process by the end of 2019. While cryptocurrencies and ICOs are prohibited in China, both regional and national governments have shown increasing support for the technology behind these platforms. Chinese authorities are looking at implementing top-level, or “top down,” standards to compete in the global market.
Todd White & Charlie Devereux – Bloomberg (subscription)
A number of cryptocurrency investors in Spain have found their identities were traced by tax authorities, and they’ve solicited their banks’ help to prove no wrongdoing.Several Spanish lenders have received requests from customers for account documentation in order to respond to inquiries from the tax agency.
Regulators will need to come to grips with whether bitcoin or cryptocurrency transactions should require counterparties to go through a KYC process, the Hong Kong Financial Services and Treasury Secretary, James Lau, said.
Anatol Antonovici – Cryptovest
The State of Colorado passed a law that encourages the implementation of blockchain. The bipartisan Senate Bill 86 sets the standard for the use of cyber coding cryptology for state records.
Annaliese Milano – CoinDesk
When it comes to regulating blockchain tech, bigger isn’t always better – at least that’s the thesis driving Bermuda’s nascent regulatory efforts. “Small ships can turn quickly. That’s the beauty of Bermuda,” Premier David Burt told CoinDesk.
Sean Williams – The Motley Fool
A list of the largest cryptocurrency hacks in history, in ascending order, based on the value of the hack at the time it occurred.
FAO: Of course, the recent Coincheck hack is the largest…
Thomas Biesheuvel – Bloomberg (subscription)
De Beers, which is piloting a scheme using blockchain to create a virtual ledger of diamond sales, said that 100 high-value stones were tracked through the cutting, polishing and manufacturing process to a final retailer. The company plans to roll out the platform later this year.
FAO: Already running tests, De Beers announced its blockchain strategy last year.
Ian Allison – CoinDesk
As JP Morgan Chase’s new blockchain lead, Christine Moy has big shoes to fill. And a quandary to resolve.
Mike Novogratz, CEO and Founder of Galaxy Digital Capital Management explains what type of investor should invest in cryptocurrency.
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FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News