Blockchain Daily News – Edition 225, 08.06.2018
June 8, 2018
Blockchain Daily News – Edition 227, 12.06.2018
June 12, 2018

Blockchain Daily News – Edition 226, 11.06.2018

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

Korean Crypto Exchange Coinrail Loses Over $40M In Tokens Following A Hack

Jon Russell – TechCrunch

Cryptocurrencies Lose $46 Billion After South Korean Bourse Coinrail Hack

Eric Lam, Jiyeun Lee & Jordan Robertson – Bloomberg (subscription)

South Korean Exchange Coinrail Says Hit By Hackers, Bitcoin Slides

Reuters Staff – Reuters

South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trading in the digital asset.

FAO: Just when everybody thought things were getting better in the cryptoverse – here comes another hack, sending a powerful shockwave in the markets. This latest heist together with CFTC’s bitcoin price manipulation probe puts more pressure on investors. One thing is clear: we need regulation in place in order to avoid such situations.  

Bitstamp, Kraken, ItBit, And Coinbase Under The CFTC Spotlight For Potential Price Manipulation

Christine Masters – Cryptovest

A new investigation against four exchanges – Bitstamp, Kraken, iBit, and Coinbase, has caused jitters on the markets, sending Bitcoin reeling below $7,000 for a spell. BTC fell by more than 7% overnight, to $6,797.57, in another flash crash just as traders were expecting a rebound.

Deals & Investments

Argo Plans London’s First Cryptocurrency Listing

Martin Arnold – Financial Times (subscription)

A company with zero revenues, a handful of staff and Canadian roots plans to become the first cryptocurrency group to list on the London Stock Exchange, seeking to cash in on surging demand for new virtual currencies. Argo, which won approval to go public from the UK Listing Authority two weeks ago, wants to “democratise” the crypto-mining process by which new virtual coins are created by renting out its specialist computing capacity for a monthly fee.

FAO: Told you it’s a trend here (commenting on the planned Bitmain IPO – reported here last week) – listing crypto mining companies or crypto mining equipment producers. This story goes under the same registry. Would you buy such a stock?

Exchanges & Trading Venues

Third Largest Crypto Exchange Huobi Creates New Platform In US

Marie Huillet – Cointelegraph

Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US. The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post.

Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange

Hacked

Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, according to infobae.com.

FAO: A similar situation to the one reported in Chile, where in April (reported here) a number of local crypto exchanges have appealed against a banking embargo.

Japanese Exchange Bitbank Will Borrow Your Bitcoin for a Yearly Fee

Shaurya Malwa – Yahoo Finance

As per a report, the exchange shall allow account holders to lend a minimum of 1 bitcoin to its Virtual Currency Lending service – in return for a fixed, predetermined rate of interest.

Cryptocurrencies

EOS Launches Mainnet Successfully: The Good And The Ugly

JP Buntinx – News BTC

There is a lot of excitement surrounding the EOS mainnet launch. So far, things have not gone according to plan by any means. Many issues have been dealt with, yet the official release took much longer than expected. Even so, the main net has launched successfully, which is all most supporters will care about at this stage.

BitPeople

The Talent War For Crypto Hiring

Joe Weisenthal, Scarlet Fu & Julia Chatterley – Bloomberg (subscription)

Adam Enbar, co-founder of the Flatiron School, a coding bootcamp, speaks about the fight for crypto workers. He explains how the rapid industry growth in blockchain has fueled a war for talent in crypto hiring and forced people to learn in real time.

Bitnation, Liberland, Puertopia and Other Micronations Are Gaining Independence Via Crypto, But Crypto Alone May Not Be Enough

Simon Chandler – Cointelegraph

Ever since the “decentralised borderless voluntary nation” Bitnation was founded in July 2014, a slowly growing raft of startups and organisations have been attempting to seize cryptocurrencies as an opportunity to build entirely new nations from the ground up.

FAO: Let’s face it: at least it’s fun to read their plans…

Every Third German Considers Cryptocurrencies As An Investment

Post Bank (Press release)

Although Bitcoin, Ethereum and Co. were hit hard by price declines recently, their popularity has done little to harm them. A total of 29% of German citizens see the digital currency as an interesting investment.

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Latest Developments & Agreements

More Japanese Public Companies Entering The Crypto Space

Kevin Helms – Bitcoin.com

Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.

DNT: The companies are: Samurai & J Partners, Appbank and I-Freek Mobile, the story informs.

Regulation

CFTC Commissioner Rostin Behnam: Bitcoin, Cryptocurrencies Are Not Going Away

Allen Scott – Bitcoinist

Recent remarks from CFTC Commissioner, Rostin Behnam, reveal that US regulators are realizing that Bitcoin and cryptocurrencies are here to stay because they’ll “become a part of the economic practices of any country, anywhere.”

Canada Releases Official Draft of New Crypto Regulations Focused On KYC/AML

Maxwell William – Cointelegraph

The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors, Canada Gazette reported. According to the draft, the new regulations seek to address a “number of deficiencies” that the Financial Action Task Force outlined after their evaluation in 2015-16, namely in strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime.

Events

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.

Other news

You Don’t Have to Own Crypto To Make Money Off Of It

Rob Urban  – Bloomberg (subscription)

The world of digital currency is poised to draw billions of dollars from institutional investors if it can provide boring back-office services like custody banking and trading systems along with tax accounting. While the functions are essentially the same as in traditional businesses, crypto presents unique challenges.

Crypto Valley’s Zug To Run Switzerland’s First Blockchain-Based Municipal Vote

Helen Partz – Cointelegraph

The Swiss city of Zug will conduct a blockchain-powered trial municipal vote this summer, local media outlet Swissinfo.ch reported. The event, which is scheduled to take place between June 25 and July 1, will reportedly be Switzerland’s first municipal vote using blockchain.

Opinion

Here’s Why Crypto Exchanges Are Here To Stay Despite Government Crackdown

Sandeep Soni – Entrepreneur

No government can kill cryptocurrencies even if it wishes to.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News