Today’s Highlights: SBI set to launch cryptocurrency derivatives market, South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group, Poloniex Exchange adds EOS token, Thomson Reuters partners with CryptoCompare for crypto data and 88% of cryptocurrency exchanges want industry regulation,
Editors’ thoughts today:
Editor-in-chief Florin Adrian Oprea (FAO): We are pleased to announce that our blockchain consulting firm, FO DIGI CAP, has signed a partnership with regional fintech hub Koop and coworking space operator Commons to add its support in building the fintech & blockchain ecosystem in Romania. You can read the official announcement here.
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!
Keep in close contact:
– follow our Blockchain Daily News FREE ARCHIVE
Nicole Bullock & Leo Lewis – Financial Times (subscription)
Osato – Avan Nomayo – Bitcoinist
SBI Holdings is making yet another significant foray into the cryptocurrency market. One of its units has set the ball rolling towards the emergence of a cryptocurrency derivatives trading market. If successful, this move will be a welcome development for virtual currency enthusiasts who yearn for greater liquidity and diverse trading options.
Bryan Harris & Song Jung-a – Financial Times (subscription)
South Korean authorities have launched an investigation into a cryptocurrency start-up that is alleged to have raised tens of millions of dollars on the back of claims it had discovered sunken Russian treasure worth more than $130bn.
Ana Alexandre – Cointelegraph
South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck.
Nikhilesh De – CoinDesk
Cryptocurrency exchange Binance has acquired mobile ethereum wallet Trust Wallet, the startups announced. The acquisition will enable Binance to add a mobile wallet to its services, while Trust Wallet will be able to tap into advantages offered by the exchange, including both its existing user base and a proposed decentralized exchange, according to a press release.
Olga Kharif – Bloomberg (subscription)
Northern Trust Corp., which provides investment management, asset and fund administration services, is looking to get into the embryonic business of safeguarding digital assets such as cryptocurrencies.
Bitcoin Exchange Guide
Poloniex, one of the world’s largest cryptocurrency exchanges, will officially add EOS to its exchange. The announcement comes a few weeks after Poloniex introduced the new Circle Asset Framework, a tool for prioritizing new crypto asset listings across Poloniex’s various crypto products.
Jemima Kelly – FT Alphaville (subscription)
Conservative MP Grant Shapps has resigned from two appointments related to blockchain technology, after FT Alphaville discovered a secret pay deal with a company run by a civil servant that had promoted itself through an event it said would be held in the Houses of Parliament.
Via CNBC – Crypto start-up Coinbase hired Pershing’s head of compliance Jeff Horowitz.as its first-ever chief compliance officer.
Via Finance Magnates – Morgan Stanley has appointed Ex-Credit Suisse Crypto Expert Andrew Peel as its head of digital asset markets.
Want your banners, press releases, event details or news published in Blockchain Daily News? Send us your queries here.
Underscoring its commitment to solving trusted information flow challenges, Billon has joined forces with FIS, the world’s largest provider of financial technology solutions, to explore joint product development and sales opportunities for its portfolio of corporate blockchain solutions.
Christina Dimitrova – Cryptovest
Thomson Reuters has entered into a strategic partnership with cryptocurrency market data aggregator CryptoCompare to integrate trade data for 50 cryptocurrencies.
Yolanda Bobeldijk – Financial News (subscription)
Private equity firms could save themselves hundreds of thousands of pounds by embracing blockchain, according to one of the UK industry’s most influential voices.Edmund Truell, the founder of Duke Street who now runs Disruptive Capital Finance, thinks private equity firms should look at using distributed ledger technology when raising funds from investors.
Adam James – Bitcoinist
The desire for regulation apparently stems from a fear that the immature market may experience a major market crash and substantial devaluation of assets worse than what has already been seen in the first half of 2018.However, respondents also noted that care must be taken when regulating the market, as to not over-regulate and hamstring the cryptocurrency market.
Nikhilesh De – CoinDesk
Former U.S. President Bill Clinton will headline Ripple’s Swell conference later this year, the cryptocurrency payments startup. The 42nd President of the United States will both give a keynote address and participate in a question-and-answer session, Ripple said in a press release. The conference will take place in San Francisco over the first two days of October.
Want your event details published in Blockchain Daily News? Send us your queries here.
Ian Allison – CoinDesk
After becoming the first financial institution to combine public and private blockchains in a live transaction, Spanish multinational bank BBVA has hit something of a quandary. Specifically, it’s unsure how to take its forward-thinking work … forward. In the process of executing what was expected to be the third in a series of blockchain-based corporate loans, the bank had to work around a lack of legal and regulatory clarity over whether it could (or should) hold the cryptocurrency needed to power a transaction on ethereum.
Olga Kharif – Bloomberg (subscription)
Helen Partz – Cointelegraph
About 90% of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg.
Bob Evans – Forbes
Oracle’s cloud growth has slowed but its new blockchain service could provide a fresh spark. Blockchain’s enormous potential might be just what Oracle needs to reignite its sprawling cloud business, which to date has displayed more promise than performance.
Anatol Antonovici – Cryptovest
A court in the city of Thessaloniki, Greece, has accepted Russia’s request for the extradition of Alexander Vinnik, who is charged with money laundering and Bitcoin fraud, Associated Press reported. Besides Russia, which seems to be the best case scenario for Vinnik, the US and France are also trying to get his extradition for more serious fraud accusations.
Gina Clarke – Forbes
For businesses, an annual audit can be costly but necessary. It assures communication with stakeholders and presents a snapshot of how that company is doing. But in today’s continually evaluating and fast-paced world, is a snapshot really good enough?That’s where real-time reporting, and Blockchain, comes into play.Enter Auditchain, a project that could be summed up as the culmination of dreams for those who remember the original Satoshi Nakamoto whitepaper on Bitcoin.
Eric C. Jansen, president and CIO of AspenCross Wealth Management via CNBC
Bitcoin, the first cryptocurrency, is completely different from anything that preceded it. Bitcoin is quite real, and it’s likely here to stay.
DNT: I deeply share this opinion. And with Bitcoin, Blockchain Daily News is here to stay as well.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News