by Florin Oprea
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).
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….
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…
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.
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.
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.
Tony Boyd – Financial Review (subscription)
FAO: ASX is working with Digital Asset Holdings (DAH) to find a replacer for CHESS.
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.
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.
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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.
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…
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.
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.
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