Blockchain Daily News – Edition 50, 12.09.2017
September 12, 2017
Blockchain Daily News – Edition 52, 14.09.2017
September 14, 2017

Blockchain Daily News – Edition 51, 13.09.2017

Blockchain Daily News

by Florin Oprea

Edition 51, 13.09.2017

OMG Section!?!!

Jamie Dimon Slams Bitcoin As A ‘Fraud’

Hugh Son,Hannah Levitt & Brian Louis – Bloomberg

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.”

To be sure, Dimon later noted that his daughter purchased some bitcoin.

FAO: Hmmm…luckily, his daughter is not a JPMorgan employee…oh boy, this is hilarious…

BTW look what I found on the web, via zerohedge…JPMorgan’s “Bitcoin-Alternative” Patent Rejected (175 Times)…

DNT: Now, that’s what i call an “inquisitorial” attitude! …E pur si muove! (And yet it moves).

Deals, Investments & M&As

China Banned Fundraising Through ICOs, But Wants Firms To Research Blockchain

CNBC

China’s ban on initial coin offerings (ICO) is a necessary move to stop illegal fundraising and pyramid schemes but should not stop firms from studying blockchain technology, a senior central bank official told the Financial News newspaper on Tuesday.

FAO: Looks like a “win-win” deal, right? NOT….

Cryptocurrencies

Ripple CEO Brad Garlinghouse Explains Why The World Has Barely Scratched The Surface With Cryptocurrencies

Eric Jackson – CNBC

DNT:  Audio of this conversation available here.

FAO: Hope Brad could spare some time and send Jamie some of his thoughts…in plain old English…

Ethereum’s ERC-20 Token Standard Has Been Formalized

Rachel Rose O’Leary – CoinDesk

The standard that governs how new cryptographic tokens can be launched on top of the ethereum blockchain has been been finalized.

How Anonymous Zcash Cryptocurrency Actually Works

Leigh Cuen  – Internațional Business Times

Newsflash cryptocurrency newbies: bitcoin isn’t anonymous. There’s a common misconception that blockchain technologies like bitcoin and Ethereum offer privacy and anonymity. The truth is these decentralized, open source communities are actually fueled by transparency. A public bitcoin address is the digital equivalent of storing gold in a glass vault.

Exchanges & Trading Venues

China’s Bitcoin Exchanges Await Clarification, Markets Subdued For Now

Brenda Goh, Elias Glenn – Reuters

China’s largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday.

Blockchain Clearing  And Settlement Solution Edges Closer At ASX

Tony Boyd – Financial Review (subscription)

FAO: ASX is working with Digital Asset Holdings (DAH) to find a replacer for CHESS.

Fixing the Stock Market’s ‘Clogged Toilet’ Starts in Delaware

Matthew Leising, Annie Massa & Jef Feeley – Bloomberg

Last month, the home state for most incorporated companies in the U.S. made it legal for corporations to offer digital shares that would be recorded and tracked on a blockchain, the ledger that powers cryptocurrencies like bitcoin. Delaware officials hope the move will increase ownership accountability and clarity.

FAO: Delaware Governor signed (reported here) the bill that was introduced and passed last May 4, 2017.

BitPeople

BTC-e Operator Alexander Vinnik Asserts His Innocence In the New Interview

Eugenia Kovaliova – Coinspeaker

Alexander Vinnik, alleged BTC-e operator arrested by the US Department of Justice in July, claims he is innocent of charges brought against him by the US government.

Latest Developments & Agreements

Barchart Launches High-Performance Cryptocurrency Data Feed

PR Newswire

Delivered through either Barchart’s high-performance Data Services, or as a responsive Digital Solution – Barchart’s new service makes getting high-quality crypto data into your application, website, or workflow easy and affordable.

SBI Ripple Asia To Test Blockchain Bank Transfers Between Japan And South Korea

Rachel Rose O’Leary – CoinDesk

SBI Ripple Asia will reportedly begin testing a funds-transfer system using digital ledger technology (DLT) between Japanese and South Korean banks by the end of 2017.

Regulation

R3, UK Regulator And Banks Team Up On Blockchain-Based Mortgage Reporting

Anna Irrera – Reuters

New York-based software company R3 CEV has partnered with Britain’s financial watchdog and two large banks to develop a blockchain-based application to improve the regulatory reporting of mortgage transactions.

FAO: R3 is literally all over the place…

FCA Crypto-Fundraising Warning Welcomed By Industry

Huw Jones, Jemima Kelly – Reuters

Start-ups aiming to raise funds through the issuance of new digital currencies, via so-called initial coin offerings (ICOs), welcomed on Tuesday a warning on the “very high risk” of such investments from Britain’s financial watchdog.

Analysis

Bitcoin Is The ‘Most Crowded’ Investment In The World Right Now

Jeff Cox – CNBC.com

Bitcoin is now considered the “most crowded trade,” as measured by sentiment in the monthly global Bank of America Merrill Lynch Fund Managers survey. That means investors believe there are too many people on one side of the trade and it could be due for a reversal.

Other news

‘Revolutionary’: Finland Central Bank Paper Heaps Praise On Bitcoin

Rachel Rose O’Leary

Researchers at Finland’s central bank have dubbed bitcoin’s economic system “revolutionary.”

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News