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Pete Rizzo – CoinDesk
Signs are beginning to emerge that bitcoin’s sell-off may be overextended. After hitting a 70-day low of $6,133 on CoinDesk’s Bitcoin Price Index, bitcoin’s relative strength index hit a level (26.4) last seen in August of 2016, according to data from the Bitfinex exchange.
Nathaniel Popper – The New York Times
A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper by an academic with a history of spotting fraud in financial markets.
Zoë Bernard – Business Insider
Former Augur CEO Matt Liston has founded a blockchain religion called “0xΩ.” Liston pronounces this as “Zero Ex Omega.”He describes the project as a way to “incentivize mindshare. “Despite founding a blockchain-based religion, Liston maintains that he is not a “Cryptprophet.”
DNT: Maybe we will end up in having some sacred texts too – a HODL scriptures or something. :). And some kind of statement as a recognition as a true believer: In “Zero Ex Omega” we trust…
FAO: I think this guy went a bit too far…But, as someone used to say, “People are Strange”…
Jeremy W. Peters & Nathaniel Popper – The New York Times
Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics.
DNT: If we were to judge the results of the presidential elections in the States, I say we can at least take it into consideration.
FAO: I share his opinion that cryptos will disrupt banking, but this Trump-style disruption comparison was just to create media hype…the guy is a strategist, after all.
Rachel Rose O’Leary – CoinDesk
Who do you trust with your private key? That’s the question that may be on the minds of EOS token holders, who while incentivized to help the much-anticipated technology finally go live, haven’t yet done so.
David Floyd – CoinDesk
Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped.
Nikhilesh De – CoinDesk
Blockchain startup Swarm announced that it was launching new “equity tokens” that would represent equity in notable blockchain startups like Coinbase and Ripple – but those companies have pushed back swiftly against the idea.
FAO: The disruptors are being disrupted…interesting.
Anna Irrera – Reuters
Banks are unlikely to use distributed ledgers to process cross-border payments for now because of scalability and privacy issues, according to Ripple, one of the most prominent startups developing the technology.
Christine Kim – CoinDesk
Mass media and data giant Thomson Reuters is expanding its cryptocurrency sentiment data toolkit to cover 100 different coins, the company announced.
A number of police departments in the prefectures of Kanagawa, Chiba and Tochigi in central Japan are carrying out a joint-investigation into three suspects who allegedly set up websites in 2017 to mine Monero using visitors’ computers without their consent, Japanese news daily Mainichi reports.
FAO: Have you checked your equipment? You might also be a miner…
The Wall Street Journal (subscription)
The Wall Street Journal spotlights 25 emerging leaders in hot corners of the tech industry
Muyao Shen – CoinDesk
The historic summit between U.S. President Donald Trump and North Korea’s Supreme Leader Kim Jong Un got the crypto community’s attention – and held it – thanks to Dennis Rodman and the notorious cryptocurrency that funded his travel to Singapore, potcoin.
Aaron Stanley – Forbes
Few publicly-traded companies have ridden the crypto wave like Overstock.com, but its former chairman, Jonathan Johnson, reiterated that revenues from cryptocurrency payments are a growing segment of the Utah-based online retailer’s business.
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Wolfie Zhao – CoinDesk
JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced that it is planning to issue asset-backed securities on a blockchain.
Nate Raymond – Reuters
An obscure virtual currency called My Big Coin is now at the center of a closely watched case that could determine whether the U.S. Commodity Futures Trading Commission has the authority to combat fraud associated with cryptocurrencies.
A panel formed by the government to look into crypto-currency does not seem to be in favour of banning it. Instead, it may suggest allowing crypto-currency with riders, ETNow reported quoting Cogencis.
FAO: All kinds of stories seem to emerge from the subcontinent, and I am eager to find out real state of things when I will be there next week, as I will be attending the 6th Annual Meeting of The Growth Net, 18-19 June 2018, at the Taj Diplomatic Enclave, New Delhi, India. You can also join, buy your discounted tickets below!
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.
Samuel Gebre – Bloomberg (subscription)
IBM-backed platform enables credit-scoring of small businesses.
Natasha Lomas – TechCrunch
eyeo, the company behind the popular browser-based ad block product Adblock Plus, is no stranger to controversy. Which is just as well given its new “passion project”: A browser add-on that labels news content as ‘trusted’ or, well, Breitbart.
Jemima Kelly – FT Alphaville (subscription)
A new paper from University of Texas finance professor John Griffin — an academic who is known for uncovering fraud and manipulation in more traditional financial instruments such as the VIX index — and graduate student Amin Shams provide some strong evidence for such up-propping.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News