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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.
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….
Xiao Xin – Global Times
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…
Olga Kharif – Bloomberg (subscription)
DNT: An interesting story about a new trend: a loyalty program that offers digital coins for travelers and customers.
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.
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…
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.
Henry Fernandez – Fox Business
The recent launch of a cryptocurrency exchange trading platform has drawn “unprecedented” demand in a little over a week.
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.
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.
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…
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.
Ricardo Esteves – Bitcoin.com
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, 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.
Omkar Godbole – CoinDesk
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 Block.one, the company that created what’s being touted as a dramatically more scalable and user-friendly version of today’s blockchains.
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.
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.
Michael J Casey – CoinDesk
Welcome to the “Layer 2” era.
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!
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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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.
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.
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.
The Consumer Financial Protection Bureau has announced that it is working with the CFTC to develop a regulatory sandbox for FinTech firms.
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, Germany – Blockchain 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.
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.
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.
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