Blockchain Daily News – Edition 51, 13.09.2017
September 13, 2017
Blockchain Daily News – Edition 53, 15.09.2017
September 15, 2017

Blockchain Daily News – Edition 52, 14.09.2017

Blockchain Daily News

by Florin Oprea

Edition 52, 14.09.2017

OMG Section!?!!

Bankers’ Mistrust Of Bitcoin Is Still The Greatest Argument For It

Jonathan Shieber – Tech Crunch

Earlier on Tuesday, at different conferences around New York, JPMorgan Chase chief executive Jamie Dimon took aim at bitcoin, calling the cryptocurrency “a fraud” and “worse than tulip bulbs.”This skepticism by one of Wall Street’s titans, and its reflection in many offices and hallways in top financial services companies, is perhaps one of the strongest cases for bitcoin’s lasting importance.

FAO: This is a special dedication for Jamie…after his remarks yesterday.

Cryptocurrencies

BTCC To Cease China Trading As Media Warns Closures Could Continue

Pete Rizzo – CoinDesk

Shanghai-based bitcoin exchange BTCC has announced it will be closing down its China-facing trading operations effective September 30. The oldest cryptocurrency exchange platform in the world’s largest market said it would immediately stop onboarding new users, but that its mining pools and international exchange would continue to operate normally.

FAO: As a reaction, all major cryptocurrencies are falling fast…

Tether To Launch Tokenized US Dollars On Ethereum Blockchain

Avi Mizrahi – Finance Magnates

Tether, a company utilizing cryptocurrencies to represent fiat currencies, has announced the launch of Tether ERC20 tokens on the Ethereum blockchain. This is done in partnership with Ethfinex, a trading hub for Ethereum-based projects and a spin-off of cryptocurrency exchange Bitfinex.

FAO: Cool! We expect same moves for the Euro and other fiat currencies…

Exchanges & Trading Venues

Blockchain.info Partners With Unocoin To Enter Indian Market

Joshua Althauser – The Cointelegraph

Global digital currency software developer Blockchain.info announced in September 2017 that it has partnered up with Unocoin in its bid to enter the Indian market. This could be a valuable partnership, since Unocoin is among the biggest virtual currency platforms in India.

FAO: This could add some new accounts to the Blockchain’s existent customer base of 16m users…

Vendors

Corda 1.0: R3 Sets Target Date For Production Distributed Ledger Tech

Michael del Castillo – CoinDesk

Distributed ledger consortium R3 will soon launch the first production version of its Corda platform.

FAO: R3’s partners are pushing on with their efforts – Intel works on delivering hardware-based protection solutions for member transactions while Microsoft’s Azure cloud computing platform accelerates development through Project Coco.

Japanese Company Will Launch New Bitcoin Mining Operation With 7 nm Chips

Nasdaq

GMO Internet Group, a Japanese provider of a full spectrum of internet services for both the consumer and enterprise markets, is launching a new Bitcoin mining business utilizing next-generation 7 nanometer ( 7 nm ) semiconductor chips.

FAO: The “arms race” is on in BTC mining with this new 7 nm technology; it’s said to be four times more energy efficient than the industry standard. I think “the haters gonna hate, hate, hate, hate, hate”…

BitPeople

Swiss Super-Rich Want Slice Of Cryptocurrency Boom

Matthew Allen – Swiss Info

More of Switzerland’s wealthy people see cryptocurrencies as a key to increased wealth.

FAO: There is an old saying in Eastern Europe – “money attracts more money” – and it seems to be valid in all “corners” of the world.

Regulation

Time To Draw Up Rules On Blockchain Technology

Elliott Phillips and, Steven De Lara – Financial News (subscription)

On the face of it, distributed ledger technology (DLT), which powers cryptocurrencies such as bitcoin, does not appear problematic. By using databases distributed across multiple participants, and which can only be amended with universal consent, blockchain and other types of DLT create a safe, transparent environment for transactions, while reducing counterparty risk and improving efficiency.

Governments Want To Control Cryptocurrencies – But There’s A Danger To Too Many Rules

Saheli Roy Choudhury – CNBC

There is renewed interest from regulators in Singapore, the United States, Japan and China to have oversight in the cryptocurrency space and curb the potential of widespread money laundering and fraud. But some worry that too many rules could potentially deter firms from innovating on the blockchain.

FAO: A good review of the latest actions and measures taken by various states and which are impacting the “cryptoverse”.   

Startups, Accelerators & Hubs

Euroclear Alternative Seeks Public Listing For Blockchain Securities

Michael del Castillo – CoinDesk

Solidum is gearing up to take its blockchain-based securities public.
Last month, the traditional investment firm issued notes based on a reinsurance contract without the need for Euroclear, the widely used post-settlement provider.

Analysis

Bitcoin ‘Mining’: A New Way For North Korea To Generate Funds For The Regime

Qin Chen – CNBC

At Least 1.65 Million Computers Are Mining Cryptocurrency For Hackers So Far This Year

Jordan Pearson – Motherboard

Cryptocurrencies are a boon to all sorts of criminals, from online drug dealers to ransomware hackers, due to their semi-anonymous nature. But another set of scammers takes a different approach: loading up victims’ computers with software that “mines” currencies to generate a profit, without the owner’s knowledge.

FAO: A report issued by Recorded Future, an intelligence research firm backed by Google Venture and In-Q-Tel (which is backed by the CIA), says Bitcoin mining activity is likely to be overseen by North Korea state authorities.

Meanwhile, another report, issued this week by Russia’s Kaspersky Lab, says 1.65 million computers are infected by hackers and are mining cryptos.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News