Blockchain Daily News – Edition 218, 29.05.2018
May 29, 2018
Blockchain Daily News – Edition 220, 31.05.2018
May 31, 2018

Blockchain Daily News – Edition 219, 30.05.2018

Time for your daily blockchain dosis brought to you by Editor-in-chief Florin Adrian Oprea (FAO) & Editor Decebal Nicolaie Todarita (DNT)! 6 hours of our work for 6 minutes of your time! We have read the Blockchain news for you, so scroll down to read the best (STILL FREE) daily newsletter in this industry!

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Fans’ Section

Why Wall Street’s Smart Money Is Embracing ‘Stupid’ Cryptocurrency

Portia Crowe – Financial News

Jamie Dimon called bitcoin a “fraud”. Lloyd Blankfein said it was “not for me”. Just a few months later, their respective banks, JPMorgan and Goldman Sachs, are dipping their toes in the cryptocurrency waters. One explanation for their perceived change of heart?

“There’s a lot of money to be made,” said Greenwich Associates’ Richard Johnson.

DNT: Of course. Did you ever think otherwise?

FAO: Certainly we didn’t…check the FREE ARCHIVE for our previous coverage and comments on the topic. We have anticipated this trend long ago…

And since we’re discussing the future of Wall Street again…

Traders With Pockets Full of Crypto Quit Wall Street

Alastair Marsh – Bloomberg (subscription)

Whether cryptocurrencies and the technology that powers them will reshape the financial system remains to be seen. What’s not in doubt is their ability to transform the career paths of bright young minds on Wall Street.

El-Erian: Our Emerging Cashless Society May Lead To A Government-Issued Cryptocurrency Like Bitcoin

Matthew J. Belvedere – CNBC

Mohamed El-Erian sees a world one day that eschews paper money in favor of digital payments that could include government-issued cryptocurrency.

FAO: Here comes El-Erian, again. I see a pattern here. He talks about cryptos every 6 months or so…

Deals & Investments

Investors Bet $4 Billion On Cryptocurrency Startup

Paul Vigna – The Wall Street Journal (subscription)

A start-up company based in the Cayman Islands is on track to raise more than $4 billion through a yearlong sale of digital tokens—the largest fundraising of its kind. What buyers of the tokens still don’t know: how the company,, will use the bulk of the windfall from its so-called ICO.

FAO: All eyes on EOS these days. A giant in the making? Not without some difficulties, check the next section too…

Exclusive: Dfinity Annouces $35M ‘Air Drop’ For Blockchain-Based Cloud

Jeff John Roberts – Fortune

Dfinity, a blockchain project that aspires to challenge Amazon Web Services, said it will distribute approximately $35 million worth of digital tokens as part of its plan to create a “Cloud 3.0.” The token distribution as an “air drop” — amounts to a windfall for early backers of the Dfinity project, who will be able to hold on to the tokens or sell them on a secondary market.


EOS Forced To Patch ‘Epic’ Security Loopholes Ahead Of Launch

Wolfie Zhao – CoinDesk

Qihoo 360, a China-based internet security firm, says it has notified the EOS blockchain project about “a series of epic vulnerabilities” discovered on its platform. The firm said in a  report that loopholes found in the EOS platform could expose nodes on the network to attackers, giving them the ability to execute code remotely and take “full control” of transactions.

Ethereum Classic Claims Successful Blockchain Fork

Annaliese Milano – CoinDesk

Ethereum classic has removed its so-called “difficulty bomb.” Designed to increase the difficulty of mining its blockchain over time, the code was a feature of the original ethereum codebase (which later split into ethereum classic and ethereum) in 2016. The successful network upgrade took place at block 5,900,000, according to available network data and statements from developers involved in the project.

Cryptocurrencies And The Old Allure Of New Money

Robert J. Shiller – Financial News (subscription)

The cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money. There are now nearly 2,000 cryptocurrencies, and millions of people worldwide are excited by them. What accounts for this enthusiasm, which so far remains undampened by warnings that the revolution is a sham?

Cryptocurrency Miners Are Sabotaging Blockchains For Their Personal Gain


Cryptocurrency Attacks Are Rising

Olga Kharif – Bloomberg (subscription)

Self-Serving Cryptocurrency Miners Are Attacking Small Blockchain Networks

Technology Review

Motherboard reports that Verge, Monacoin, and Bitcoin Gold have all recently fallen victim to the dreaded “51% attack,” a nightmare scenario in which a miner or mining group obtains a majority of the network’s power to approve new transactions. An estimated $20 million was lost as a result.

FAO: What doesn’t kill you makes you stronger!


New Crypto-Mining Malware Uses Amazon’s Cloud To Hijack Computers

John Detrixhe – Quartz

Hackers are increasingly hijacking computers to secretly mine crypto assets. Such exploits surged last year, according a survey by IBM Managed Security Services. One recently discovered malware program is hiding itself on Amazon’s cloud to steal processing power from a fleet of ordinary computers.

Austrian Regulator Freezes Crypto Mining Firm Amid Investigation

Nikhilesh De – Coindesk

Austria’s Financial Market Authority announced that it had “prohibited the business model of INVIA GmbH,” a mining firm, claiming that it was offering an unauthorized Alternative Investment Fund in violation of the Austria Banking Act. However, the full investigation into the company has not yet been completed, according to a press release.


Via CoinDesk – BitGo has hired former Bloomberg Tradebook executive, Josh Schwartz, to serve as its new vice president of sales.


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Latest Developments & Agreements

Meet Kakao: How Korea’s Largest Mobile Giant Is Embracing Blockchain

Shinjae Yoo & Hyeong-joong Yoon – CoinDesk

FAO: Kakao said it will unveil its own open blockchain platform within the year, but won’t issue its own coin. You can read more about the company’s plans to get into crypto here, Future Stars section.


No Disney, No PayPal? SEC Charges ICO Founder Michael Stollery,Over False Statements

Stan Higgins – CoinDesk

U.S. Regulator Wins Order Halting Coin Offering Scheme

Reuters Staff – Reuters

The U.S. SEC said it had won an emergency court order halting an alleged fraud involving an ICO that raised as much as $21 million from investors in the United States and elsewhere. The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain Infrastructure Services, the firm behind the alleged scheme, the SEC said.

Four Things To Watch For In Cryptocurrency Regulation

Rosemary Fanelli – Forbes

The rapid ascent of cryptocurrency valuations caught even the most astute regulators off-guard, and they are scrambling to understand the risks and provide guidance.


18-19 June 2018, New Delhi, India – our Publisher and Editor-in-chief, Florin Adrian Oprea (FAO), is invited to speak at the 6th Annual Meeting of The Growth Net, 18-19 June 2018, at the Taj Diplomatic Enclave, New Delhi, India. Join him for a constructive debate about the impact of blockchain technology beyond the use of cryptocurrencies. Being a reader of our daily publications you now have the opportunity of buying discounted tickets – more HERE (do note that a significant discount is applied!).


25-29 June 2018, Frankfurt, GermanyBlockchain Daily News is a Media Partner of Crypto Startup School, a summer school jointly organized by The Frankfurt School Blockchain Center and the German Tech Entrepreneurship Center. The event will take place from 25th – 29th of June 2018 on the campus of the Frankfurt School of Finance and Management.

Tickets can be purchased HERE and because you are a reader of our daily publications, you can use this voucher code NEWS-BCA-CSS2018 for a 10% discount.


Weiss Ratings Releases 93 Free Cryptocurrency Grades This Week – With 7 Major Winners


Weiss Ratings, has released its list of 93 cryptocurrency ratings for free this week — with Bitcoin, Cardano, EOS, Ethereum, Ripple, Stellar, and TRON coming out on top.

Blockchain Could Be the Answer To Cybersecurity. Maybe.

Nir Kshetri – The Wall Street Journal (subscription)

Commonly associated with bitcoin and other cryptocurrencies, blockchain has the potential to solve many cybersecurity problems and provide a built-in defense against cyberattacks. Before that can happen, however, it has to overcome some serious limitations.

6 Outrageous Moments In Crypto Twitter Scam History

Bailey Reutzel – CoinDesk   

Perhaps nowhere else within the cryptocurrency space have scammers become more frustrating than on crypto Twitter.

Other news

The Hunt For Bitcoin’s Creator

Brad Stone & Julie Verhage – Bloomberg (subscription)

The true identity of Satoshi Nakamoto, the unknown creator of the cryptocurrency bitcoin, is one of the tech industry’s biggest unsolved mysteries. This week on Decrypted, Bloomberg Technology’s Brad Stone and Julie Verhage ask the journalists who tried to find Satoshi why this secretive genius remains so elusive. And now that bitcoin is a global phenomenon, does unmasking Satoshi still matter anyway?

DNT: What do you think about this? Does the identity of Satoshi matter so much for cryptoverse? How can it influence, in the eventuality of unmasking, the evolution of BTC? Share your ideas on our Facebook, Linkedin & Telegram groups!

An ‘Emergency Sale’ Of Bitcoins Just Earned $14 Million For German Law Enforcement

David Meyer – Fortune

The German authorities have just made around $14 million from the sale of Bitcoin and other cryptocurrencies that they seized in criminal investigations. It was an emergency sale, according to a Monday report in the Tagesspiegel (Ed. note – link in German) because the Bavarian justice treasury was concerned about the wild fluctuations in cryptocurrency prices.

FAO: A typical case of German pragmatism…


Bitcoin Is The Market’s New Fear Gauge, Investor Brian Stutland of Equity Armor Investments. Says

Kellie Ell – CNBC

The answers to which way the market will move next may lie in bitcoin, said Brian Stutland of Equity Armor Investments.

Crypto Is Making A Comeback As Italy’s Political Crisis Mounts

Frank Chaparro – Business Insider

Crypto markets are making a big comeback as political uncertainty grips Italy and Europe.

Crypto’s Most Devout Believers Are Suffering A Crisis Of Faith

Jemima Kelly – FT Alphaville (subscription)

FAO: Are they?



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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News