Blockchain Daily News – Edition 219, 30.05.2018
May 30, 2018
Blockchain Daily News – Edition 221, 04.06.2018
June 4, 2018

Blockchain Daily News – Edition 220, 31.05.2018

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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Our team is off tomorrow since the International Children’s Day is a national holiday in Romania! Next edition is Monday, June 4.

Fans’ Section

Chinese President Xi Jinping Calls Blockchain A ‘Breakthrough’ Technology

Evelyn Cheng – CNBC

Chinese President Xi Jinping said in a speech that blockchain has “breakthrough” applications.

Xi Jinping: “A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications,” he said, according to a translation of his remarks (Ed. note – link in Chinese)

FAO: When I first read this my mind instantly jumped to a recent story about the publicity stunt featuring a Mao Zedong lookalike at a blockchain conference in China. No relation whatsoever.  Thought it was worth sharing….

Improved Regulation Makes More Sense Than Just Saying No To Bitcoin In China

Xiao Xin – Global Times

China Is Warming Up To Bitcoin Again

Panos Mourdoukoutas  – Forbes

Bitcoin is an innovation China cannot say “no” to. That’s the message of a Global Times editorial, which praises the digital currency. This approach is a signal that Beijing is getting ready to tighten regulations around the digital currency, as US, Japan and Korea have done, rather than ban it altogether.

DNT: I don’t know about you, but I smell some big changes in the Chinese policy regarding cryptos in the near future…

FAO: Did they finally realize that they cannot effectively ban it? Just consider the crypto trading volumes China had a year ago and think about the taxes the government could have charged and collected by now…

Forget Airline Miles. Crypto Coins Are Coming To Reward Programs

Olga Kharif – Bloomberg (subscription)

DNTAn interesting story about a new trend: a loyalty program that offers digital coins for travelers and customers.  

Deals & Investments

FX Settlement Provider CLS Invests In Blockchain Consortium R3

Anna Irrera – Reuters

CLS has invested $5 million in R3, the New York-based blockchain startup, CLS and R3 said. CLS will also take a seat on R3’s board of directors.

Maker Of HDMI Cables Monster Products Is Planning Biggest ICO Ever In Bid To Be Next Amazon

Mike Murphy – MarketWatch

Monster Products is planning what could be the largest ICO ever, hoping to raise up to $300 million in an ambitious bid to build a global payment system and revitalize the company’s sagging fortunes.

FAO: Everybody has a plan for an ICO these days…the bigger the plans (dreams) the better…

Japan’s Gumi Launches $30 Million Global Blockchain Investment Fund

Dean Takahashi – Venturebeat

Japan’s Gumi has launched a $30 million global blockchain investment fund. The fund, dubbed Gumi Cryptos, will invest in cryptocurrency and blockchain technology companies.

Exchanges & Trading Venues

Cryptocurrency LMAX Exchange Draws ‘Unprecedented’ Demand: LMAX CEO David Mercer

Henry Fernandez – Fox Business

The recent launch of a cryptocurrency exchange trading platform has drawn “unprecedented” demand in a little over a week.

FAO: LMAX launched their new platform, LMAX Digital, earlier this month. The launch is addressing institutional clients.

Magda Wierzycka To Launch SygniaCoin – A Cryptocurrency Exchange For SA

Business Tech

$14.5 Bln South African Investment Firm To Launch Crypto Exchange

Marie Huillet – Cointelegraph

Sygnia Asset Management, a major South African investment firm with 180 bln rand ($14.5 bln) under management, has revealed that it will launch a cryptocurrency exchange later this year, BusinessTech reported. Sygnia CEO Magda Wierzycka said the company would launch its cryptocurrency exchange, dubbed ‘SygniaCoin,’ in Q3 2018.

FAO: Recently, Francois Groepe, the Deputy Governor of the country’s Reserve Bank, called digital currencies “cyber-tokens” because they don’t meet the requirements to be classified as money.

“A Big Threat to Korean Exchanges” – Chinese Capital Floods Korean Crypto Markets


Following the cryptocurrency crackdown in China shutting down all crypto exchanges and ICOs, Chinese investors have turned to the Korean market for opportunities in the cryptocurrency space leading to concerns in Korea that their local crypto-trading industry may become dominated by Chinese investors.

Coinbase Bought A “Decentralized” Crypto Exchange. How Does That Work?

Joon Ian Wong – Quartz

Coinbase acquired a company called Paradex (reported here). This company is known as a “decentralized exchange” (or a “DEx”).  This new type of exchange is said to be a safer way to trade crypto coins—which is pretty useful, given that over $4 billion worth of cryptocurrencies have been stolen from exchanges between 2011 and 2017, according to a Reuters estimate.

FAO: If you’re lost, better read the latest TABB research on the difference between the CEX and the DEX models…

CEX Vs. DEX: Which Crypto Exchange Model is Best?

Business Wire

With institutional investors wary of risks inherent to centralized exchanges (CEXs), attention is returning to decentralized exchange (DEX) models, says TABB Group in “Crypto Exchanges: Returning to Bitcoin’s Decentralized Roots,” new research that examines current crypto exchange models, technology and market landscape.

BitBay Leaves Poland To Join Malta’s Crypto-Friendly Environment

Ricardo  Esteves –

BitBay, a Polish digital currency exchange, announced that it is moving its operations from Poland to Malta. The decision was taken amid increasing pressure over the cryptocurrency ecosystem in its home country. Malta, on the other hand, has been regarded as the ‘Blockchain Island’ for its crypto-friendly environment.


FAO: Here’s what’s hot in the “cryptoverse” these days – TRON and EOS, read below…

Tron Begins Transition To Its Own Blockchain


Tron, the tenth-largest cryptocurrency, has begun the transition from the Ethereum network to its own public blockchain. The Tron mainnet — dubbed Odyssey 2.0 — officially launched on May 31 at 12 am UTC, initiating the first step in moving the $4 billion cryptocurrency to an independent network.

EOS Cryptocurrency Lacks Price Direction Ahead Of Launch

Omkar Godbole  – CoinDesk

EOS Is Coming, If Anyone Can Figure Out How To Vote

Brady Dale  – CoinDesk

After a year-long ICO, what has perhaps become the most hotly anticipated blockchain is scheduled to launch on June 2. That blockchain is EOS, which has raised more than $2 billion in its token sale for, the company that created what’s being touted as a dramatically more scalable and user-friendly version of today’s blockchains.


Asus Made A Crypto-Mining Motherboard That Supports Up To 20 GPUs

Stefan Etienne – The Verge

Asus announced the H370 Mining Master motherboard which is specifically designed for cryptocurrency mining. It supports up to 20 graphics cards — yes, 20 — along with streamlined connectivity by allowing USB riser cables to plug directly into the PCB over PCIe.

Quebec Gov’t Reportedly Lifts Moratorium on Energy Sales To Crypto Miners

Ana Alexandre – Cointelegraph

The government of Quebec will reportedly lift its moratorium on the sale of electricity to cryptocurrency miners, sources familiar with the matter told local news. According to Le Journal, the Quebec government wants to “avoid missing the ship” on cryptocurrency, and as such is moving ahead to lift the moratorium.

FAO:: More on the topic earlier this month. So this means that crypto miners which recently moved there (after heavy investments) can now breathe/mine again…

‘Layer 2’ Blockchain Tech Is An Even Bigger Deal Than You Think

Michael J Casey – CoinDesk

Welcome to the “Layer 2” era.


Satoshi Nakamoto Was Weird, Paranoid, And Bossy, Says Early Bitcoin Developer Who Exchanged Hundreds Of Emails With The Mysterious Crypto Creator

Zoë Bernard – Business Insider

Satoshi Nakamoto, the pseudonymous creator of bitcoin, evaporated from the web seven years ago. Laszlo Hanyecz, a developer who worked on bitcoin early on, told Business Insider he exchanged hundreds of emails with the person or team known as Nakamoto in 2010. The experience was mostly weird, Hanyecz said.

DNT: Ohhh, I will definitely like to read those emails!

Brazil Has Gone Crypto Crazy, Investor Numbers Surge

Thomas Delahunty – News BTC

Brazil, at country that boasts the largest economy in South America, is becoming increasing interested in cryptocurrencies and associated blockchain technology, with the public, the government, and the education system all hopping on the bandwagon.

FAO: Read the story for some good stats and comparisons in terms of size of the Brazilian crypto market vs. its traditional financial market.


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Latest Developments & Agreements

Gmex & Digital Asset Group Form Blockchain JV


Trading and post-trade technology vendor Gmex Group is forming a joint venture with upstart blockchain outfit Digital Asset Group in an effort to bridge the gap between mainstream finance and the emerging DLT and crypto economy.


Crypto Expert Says We Won’t See Regulation For Years

Megan Rose Dickey – TechCrunch

During a panel at the Code Conference Ripple CEO Brad Garlinghouse said Bitcoin could end up becoming the “Napster of digital currency,” noting how Napster “showed us what’s possible, but in the end, it was Spotify and iTunes and Pandora that won the day because they engaged with regulators,” he said.

FAO: I disagree!

Central Bank Of Russia: Crypto Assets Do Not Pose Risk to Global Financial Stability

Ana Alexandre – Cointelegraph

The Central Bank of Russia released a report stating that crypto assets do not currently threaten global financial stability as the global volume of crypto transactions is very low.

CFPB, CFTC Develop FinTech Regulatory Sandbox


The Consumer Financial Protection Bureau has announced that it is working with the CFTC to develop a regulatory sandbox for FinTech firms.

FAO: Awesome!


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.


Bitcoin Heads Toward $7,000 As Pain Returns On Gloomy Technicals

Eddie van der Walt – Bloomberg (subscription)

The biggest cryptocurrency has renewed its flirtation with the $7,000 price level. The slide has helped to also send other digital assets into retreat, with Ethereum, Ripple and Litecoin all lower on Wednesday.

The Silver Bullet For Blockchain’s Biggest Weakness Is Arriving Later This Year

Vishesh Raisinghani – Seeking Alpha

Scalability is one of the biggest issues for most blockchains. Pushing transactions per second higher is the key to better adoption and higher valuations. A new solution – Liquidity Network – offers an off-chain solution to crypto’s scalability nightmare.


Bitcoin’s Influence Over Cryptocurrency Prices Could End Soon, Says Ripple CEO Brad Garlinghouse.

Kate Rooney- CNBC

Cryptocurrency prices have been highly correlated with bitcoin, falling in lockstep for the first half of 2018. That could be coming to an end as markets begin to understand the major differences between cryptocurrencies and their use cases, says Ripple CEO Brad Garlinghouse.



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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News