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Thomas Wilson – Reuters
Wolfie Zhao – CoinDesk
Adam Samson – Financial Times (subscription)
BitFlyer has stopped accepting any new customers after the Japanese financial regulator ordered the country’s biggest cryptocurrencies exchange to improve its procedures. The group said that it received the orders from Japan’s Financial Services Agency today. Several other Japanese cryptocurrencies companies were also hit with similar orders, according to the FSA’s website. (ED. Note – link in Japanese).
DNT: Problems in Japanese crypto paradise? We will watch closely the effects of this decision next week.
Matthew Allen – Swissinfo
Ana Alexandre – Cointelegraph
Board director of the Swiss National Bank Thomas Moser said that cryptocurrencies and blockchain technology are too primitive to consider issuing a state-backed digital currency, local news outlet swissinfo.ch reported.“Something similar has to happen with bitcoin. People will only switch to something new if it works better or is cheaper.”, he said.
Natalie Wong – Bloomberg (subscription)
Anthony Di Iorio hasn’t stopped looking for bargains in the digital-currency world after amassing a fortune of as much as $1 billion from his early investment in Bitcoin and as a co-founder of Ethereum.“The biggest stake for me is in Qtum and VeChain right now, the two Chinese projects,” Di Iorio said. “There’s much more opportunity in newer ones if you can identify them.”
DNT: Meanwhile, Anthony Di Iorio has bought the largest and one of the most expensive condos in Canada: the three-story penthouse at the St. Regis Residences Toronto, in a deal valued at for C$28 million ($21 million). Details in our yesterday’s edition.
Kenneth Rapoza – Forbes
No surprise, a company you’ve never heard of called TrustToken launches the latest digital coin dedicated to the crypto-asset investor—the audited, fiat-backed cryptocurrency TrueUSD—and raises $20 million from traditional venture capitalists. In this case, a group of eight led by brand-namers Andreessen Horowitz, the VC firm of Web browser billionaire Marc Andreessen and Silicon Valley staple Ben Horowitz.
Charlie Taylor – The Irish Times
Helen Partz – Cointelegraph
The co-founder of Irish Bitcoin broker Eircoin accused the Banking and Payments Federation of Ireland of discriminating against crypto-related accounts, The Irish Times reports Dave Fleming blamed the BPFI for, “seeking to muddy the waters with insinuations of dirty money.”
Jack Morse – Mashable
In 134 pages of complaints filed to the SEC and the California Department of Business Oversight a picture emerges not of a responsible actor in the cryptocurrency space opening the market to new investors, but rather a company overwhelmed by and underprepared for its own success. And the consequences — as expressed by Coinbase’s own customers — are enough to give even the most diehard crypto-enthusiast pause.
Daniel Palmer – CoinDesk
Kevin Helms – Bitcoin.com
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems.
Tanya Abrosimova – FXStreet
India’s largest exchange Zebpay announced that in accordance with Reserve Bank of India directive issued on April 5, banks are about to stop dealing with virtual currencies and terminate the accounts of the crypto related companies. This will cut off the exchanges from banking services. Panic caused a flash crash on Indian cryptocurrency trading platforms and triggered massive sell-off.
Jen Wieczner – Fortune
Nikhilesh De & Madeline Meng Shi – Coindesk
“Let’s be clear: Ripple is different than XRP,” Brad Garlinghouse, CEO of Ripple, argued during CB Insights’ Future of Fintech conference. Garlinghouse opened his talk by pushing back against arguments that the XRP cryptocurrency may be considered a security, given its close link to the San Francisco-based company. He also spoke about the work the company has done to date in partnership with a range of banks and financial firms.
John McMahon – NewsBTC
Serial crypto entrepreneur Valery Vavilov of Bitfury has struck gold again with his latest venture by solving two of the main hurdles in mining cryptocurrency with some big black boxes. The Black Boxes which are sea containers that have been converted into giant, portable mining rigs hold one hundred thousand of Bitfury’s signature microchips and are able to mine an average of fifteen tokens per month.
Sandrine Rastello – Bloomberg (subscription)
Cryptocurrency miners’ appetite for cheap electricity is being put to the test by Quebec.
Under rules proposed by provincial utility Hydro-Quebec, blockchain companies will be required to bid for power and spell out the jobs and investment per megawatt that they will generate. The starting bid is 1 Canadian cent ($0.0075) per kilowatt hour above the rate the industry had previously enjoyed — roughly a 20% increase.
Wolfie Zhao – CoinDesk
Cheetah Mobile, a Beijing-based app developer, announced that it’s releasing an app aimed to make it simpler for investors to monitor their cryptocurrency portfolios.Dubbed Coin Master, the mobile app – available for both iOS and Android – will track the real-time prices of cryptocurrencies on over 100 exchanges and automatically calculate overall losses or profits after users update their trading histories.
Paul Mozur – CNBC
Micron, an American chip maker, says its designs were swiped to help a new Chinese plant. Washington sees a larger pattern, fueling tensions with Beijing.
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Molly Jane Zuckerman – Cointelegraph
Bloomberg Terminal, a paid financial data monitoring service, will now list crypto exchange Huobi’s Cryptocurrency Index, according to a press release. Bloomberg Terminal will also list prices for nine crypto trading pairs, denominated in Tether, including Bitcoin, Litecoin, Bitcoin Cash, Ethereum Classic, Ripple Dash, EOS and ZCash.
Edge, the secure mobile multi-asset wallet announced the first of it’s kind to offer support for the cryptocurrencies Monero and Ripple. While the communities of Ripple and Monero are growing, they still face the issue of how to hold or use their currency. With Edge allowing the currencies to be stored and exchanged on a mobile phone, they are driving mainstream adoption.
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.
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South China Morning Post
More than US$1 billion in thefts – most of which are unsolved – is becoming a growing concern for would-be participants in the cryptocurrency sector.
Andrew Sheng – SCMP
Technology has created lots of jargon that most of us don’t understand. Most of us have mental blocks against new things that we don’t understand. Some people are born clever. Some become clever through hard work. But many appear clever by using jargon others don’t understand.
Hans Hauge – Seeking Alpha
Bitcoin has many necessary parts that are just as important as the blockchain.What would happen if we tried to tinker with the Bitcoin formula?Misunderstanding blockchain leads to irrational exuberance, but there are positive externalities to consider.
Molly Jane Zuckerman – Cointelegraph
Bobby Lee — co-founder of Chinese crypto exchange BTCC and a board member at the Bitcoin Foundation – speaks about what he’s been up to in the crypto space since BTCC shut down last fall.
Lucara’s 100% owned Karowe diamond Mine, located in Botswana, has been in production since 2012 and is one of worlds’ foremost producers of large, Type IIA diamonds in excess of 10.8 carats, including the 1,109-carat Lesedi La Rona, the biggest gem found in more than a century that was sold for $53 million in 2017. Its CEO Eira Thomas talks about diamonds, blockchain technology and boardroom diversity.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News