Blockchain Daily News – Edition 228, 13.06.2018
June 13, 2018
Blockchain Daily News – Edition 230, 15.06.2018
June 15, 2018

Blockchain Daily News – Edition 229, 14.06.2018

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

Sell-Off Over? Bitcoin’s RSI Just Hit Its Lowest Level Since 2016

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.

Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say

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.

FAO: Heres the paper, signed John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student. Is Tether is elephant in the room?

FAO: Better ask Bitmain, among other crypto mining firms planning IPOs…

There Is Now A Blockchain-Based Religion. No, This Is Not A Joke.

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”…

Stephen Bannon Buys Into Bitcoin

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.

Deals & Investments

EOS’s Experimental Launch Might Be Putting Investor Money At Risk

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.

Surprise KYC: Investors In Tezos’ Troubled ICO Might Finally Be Fed Up

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.

Exchanges & Trading Venues

Swarm Is Tokenizing Coinbase, Ripple Shares– Whether They Like It Or Not


Coinbase, Ripple Blast Company Creating Tokens In Their Name

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.


Banks Unlikely To Process Payments With Distributed Ledgers For Now, Says Ripple

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.

Beyond Bitcoin: Thomson Reuters Data Now Tracking Top 100 Crypts

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.

Monero Miners To See Charges In Japan’s First Crypto Jacking Criminal Case


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…


AI, Blockchain and Cybersecurity Startups Dominate 2018 Tech Companies To Watch List

The Wall Street Journal (subscription)

The Wall Street Journal spotlights 25 emerging leaders in hot corners of the tech industry


Dennis Rodman And Potcoin: How Crypto Gatecrashed A Historic Summit

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.

Ex-Overstock Chairman Committed To Crypto Despite Market Woes, Calls For U.S. Regulatory Clarity

Aaron Stanley – Forbes

Few publicly-traded companies have ridden the crypto wave like, 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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Latest Developments & Agreements’s Finance Arm To Issue Asset-Backed Securities On A Blockchain

Wolfie Zhao – CoinDesk

JD Finance, a subsidiary of Chinese e-commerce giant, announced that it is planning to issue asset-backed securities on a blockchain.


U.S. Agency’s Virtual Currency Oversight Faces Court Challenge

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.

U-turn On bitcoin? Government Panel May Allow Cryptos With Riders

Economic Times

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, 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 Technology Opens Up Kenya’s $20 Billion Informal Economy

Samuel Gebre – Bloomberg (subscription)

IBM-backed platform enables credit-scoring of small businesses.

Other news

Adblock Plus Wants To Use Blockchain To Call Out Fake News

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.


Has Bitcoin Come To The End Of Its Tether?

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