Blockchain Daily News – Edition 243, 04.07.2018
July 4, 2018
Blockchain Daily News – Edition 245, 06.07.2018
July 6, 2018

Blockchain Daily News – Edition 244, 05.07.2018

Today’s Highlights: Malta passes blockchain bills into law, Viber wants to launch its own cryptocurrency in Russia & Spain’s lawmakers push for blockchain use in governance

Editors’ thoughts today:

Editor-in-chief Florin Adrian Oprea (FAO): We have some “crude” words in the media today and we tried to determine what confers validity in this “opinator’s” case. Still working on it…It’s a pretty quiet day in the world of blockchain too, except for countries like India, where investors and exchanges need to find a workaround after the ruling of the Indian Supreme Court declining to end the RBI ban. The cryptoverse will nevertheless survive, as it did in China’s case…

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Fans’ Section

Why Bitcoin May Soon Be Worth Nothing

John Crudele – New York Post

Bitcoin is really worth nothing since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something.

Got it! Ponzi scheme. Confidence game. Fraud. Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when.

FAO: Isn’t this a form of manipulation? Oh no you would say, it’s just the guy’s opinion, got it…I hope you noticed we are doing our best to avoid both strong bullish and/or strong bearish opinions issued by various people in and around the finance world. Hopefully other media outlets will do it too. It’s intoxication…Back to the above article, I wonder if Mr. Crudele truly understands blockchain and bitcoin and if his strong knowledge validates him to issue his opinion. We can invite him to join our future meetups and summits, I am sure he could find them useful…

Meanwhile, somewhere in the Mediterranean

Malta Passes Blockchain Bills Into Law, ‘Confirming Malta As The Blockchain Island’

Ana Alexandre – Cointelegraph

The Parliament of Malta has passed three bills into law that establish a regulatory framework for blockchain technology, local news outlet Malta Today reported. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act.

FAO: It’s done. Pack your bags.

Summer Blues or Crypto Moon? Take CoinDesk’s State of Blockchain Survey

Peter Ryan – CoinDesk   

Take the latest State of Blockchain survey.

Cryptocurrencies

Viber’s Plan To Beat Whatsapp: Its Own Cryptocurrency In Russia

Allen Scott  – Bitcoinist

Viber wants to launch its own cryptocurrency in Russia for its new services platform in an effort to beat its biggest rival, Whatsapp. The popular messaging app Viber is the daughter company of Rakuten, also known as the ‘Amazon’ of Japan. In fact, the electronic commerce and Internet giant is no stranger to cryptocurrencies — as it was one of the first companies in the world to accept Bitcoin in 2015.

FAOAnother messaging app, another potential coin…

Vendors

Big Insurers Are Uniting Behind R3’s Blockchain Tech

Ian Allison – CoinDesk

R3 has scored another win in the insurance sector, giving the startup a wide lead over other distributed ledger technology providers in the sector. The RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3’s Corda platform.

FAO: This comes after B3i, the European reinsurance consortium, decided to switch from Hyperledger Fabric to Corda. B3i members are: Achmea, Aegon, Ageas, Allianz, Generali, Hanover Re, Liberty Mutual, Munich Re, SCOR, Swiss Re, Tokio Marine, XL Catlin and Zurich Insurance Group.

BitPeople

Via Bloomberg – Ex-Jefferies Asia CEO Alexander joins crypto firm Block.One (FAO: the company behind EOS)

Tory MP Says UK Needs A Chief Blockchain Officer

Mary McDougall – City A.M.

Conservative MP Eddie Hughes calls for the government to focus its attention on using blockchain to enable social freedom, increase efficiency and rebuild societal trust.

FAO: Brush up your resumes… The government might be needing you…

Sponsors

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Latest Developments & Agreements

Daimler, BBVA Test Blockchain Tokens With Employees

Nicky Morris – Ledger Insight

Daimler and BBVA are interested in tokenization for their business, so they’ve started experimenting in a low-risk manner by creating blockchain tokens for staff to use. BBVA recently issued a press release about a separate project, their blockchain syndicated loan.

Regulation

How India Choked Its Cryptocurrency Ecosystem To Near-Death

Nupur Anand – Quartz

RBI Cryptocurrency Ban: What Is The Way Forward For Crypto Exchanges,Investors?

Moneycontrol

The Supreme Court refused to stay a circular released by RBI which prohibited banks and financial institutions from dealing in bitcoin and other cryptocurrencies. The next hearing for the matter will be held on July 20.

Spain’s Lawmakers Push For Blockchain Use In Governance

Madeline Meng Shi  – CoinDesk

133 deputies from the Popular Party submitted a blockchain-related proposal to the Congress of Deputies, the lower chamber of the Spanish Parliament. This proposal recommends that the government introduce blockchain “with the aim of improving internal processes and [providing] traceability, robustness and transparency in decision making,” according to public documents.

Tokenized Securities Are Not Secured By Delaware Blockchain Amendments

Andrea Tinianow – Forbes

Tokenizing securities, including shares of stock and bonds, can eliminate friction and create efficiencies in capital markets. But contrary to many assertions, the Delaware Blockchain Amendments (which revised Delaware’s General Corporation Law to authorize the use of distributed ledger technology for the issuance and transfer of shares) do not provide blanket authority for shares of stock of a Delaware corporation to be tokenized.

Accelerators & Hubs

NEM Malaysia Opens Largest Blockchain Centre In Asia

Chong Jinn Xiung – Digital News Asia

Every so often in the tech ecosystem, words like blockchain get bandied about. But what is blockchain and how does it tie with cryptocurrencies like Bitcoin? These are the questions that The NEM Foundation, a non-profit organisation incorporated in Singapore, seeks to answer.

Events

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Other news

EU Regulator EBA: DLT In Trade Finance Still Faces Legal Uncertainty

Wolfie Zhao – CoinDesk

An EU banking regulator has published a new report exploring the benefits and risks associated with the use of distributed ledger technology in finance. In a report that discusses the rising trend of financial technology, the European Banking Authority highlighted two banking-related use cases of blockchain: cross-border trade finance and identity authentication.

Opinion

Every World Cup Footballer Should Issue A Cryptocurrency Coin

Gian Volpicelli – Wired

James Rodriguez has launched his coin. Just days before the World Cup’s kick-off, the crocked Colombian midfielder announced the creation of JR10, his personal cryptocurrency, which proud holders can parlay into “football-related souvenirs, fan club meetings and other perks related to the athlete”.

DNT: Unfortunately for the Colombian star, he got injured and could’t play in the last match at World Cup, where Colombia lost to England at penalties shootout.

On the other hand, Gian Volpicelli’s proposal: bringing cryptocurrencies to football – BitKane, Cointinho, Cristiano Ronaldoken – it’s, as he said, “a stroke of dark genius”.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News