by Florin Oprea
PANIC SELLING!!! That’s what I saw TODAY…a sea of red, although this is a natural reaction, I must add…
It’s a natural reaction after an organized attack, that’s what I see today…
In spite of that, it is not the “cryptoverse” the one in danger here…read today’s first articles and see why…
The “classic” financial system, the central banks, the regulators and the global banks are the ones in danger nowadays, and their organized attack, through official warnings and /or plans for own cryptocurrencies (latest reports come from India – check it here via Tribune, and Dubai – check here via CoinDesk), conflicting statements, interdictions etc. etc., is just a form of self-defence…
But YOU already know this, since you are reading our daily bulletin…
Peter Guy – South China Morning Post
Central bankers, regulators and global and regional banks all seemed to arrive at the same decision last week- that bitcoin and other cryptocurrencies must be extinguished.
“Few threats to financial regulators and central bankers will provoke as much fear and loathing than the possibility of losing any control of their national currency.”
FAO: Well said…
Adrien Henni – Venture Beat
The Russian government recently revealed plans to regulate cryptocurrencies like securities, Finance Minister Anton Siluanov told reporters last week. While this stance runs in contrast with China, which has just banned ICOs, it also marks a full reversal from Russia’s proposal last year to punish people who use digital currencies with up to seven years in jail.
FAO: Warning! You might get dizzy if you even try to follow Russian media reports about the “cryptoverse”. Seems that every high-level Russian official feels a need to encourage/discourage the “cryptoverse”. They all do a great job in spinning you around with their talking…tz
Angelica LaVito – CNBC.com
“You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday. “I’m a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin. It’s called proof of work.”
As Texas, Florida and the surrounding states continue to reel from the devastation wrought by Hurricanes Harvey and Irma, the People’s Bank of China (PBOC) has been brewing a virtual storm of its own on the other side of the planet by ceasing exchange trading of Bitcoin, causing a sharp sell off in the benchmark digital currencies.
Want more details? Want to join the token sale? Send us a message here.
First Block Capital Inc. releaseD\d details of a private placement offering of units of FBC Bitcoin Trust (“FBT”), an investment fund managed by First Block that invests exclusively in bitcoin.
FAO: Another one – good buying opportunities btw…
Richard Waters – Financial Times (subscription)
The ambition that gave birth to the InterPlanetary File System is as immodest as the name. The brainchild of a Silicon Valley start-up called Protocol Labs, IPFS aims to give anyone the chance to buy and sell unused computer storage space. There is even a made-up unit of exchange for this proposed market: a digital currency called Filecoin.
FAO: FT discussing an ICO?!??!??
Better, Faster zk-SNARKs: Zcash Developers Release New Privacy Tech
Alyssa Hertig – CoinDesk
Researchers working on the zcash protocol announced they’ve invented a new way to speed up the anonymous cryptocurrency.
Ash Bennington – CoinDesk
“People have this perception that bitcoin and ethereum are completely anonymous when that is not the case.”
That’s one of the insights Linda Xie gleaned over three years working at Coinbase – understandings that are now guiding strategy at the as-yet-unnamed cryptocurrency hedge fund she’s leaving to start.
FAO: This soon-to-be-named cryptocurrency hedge fund will be added to a list of 55 known crypto hedge funds in the world…
Avi Mizrahi – Finance Magnates
Nxt, which has in the past offered functions specifically designed for crypto developers, has announced that it is turning its focus to use cases which have more to do with everyday life, from introducing new voting mechanisms to offering transparent international bank transfers.
Tony Clark – City A.M.
As the regulatory burden on banks and other financial services firms increases, it is unsurprising that we are seeing innovative technological solutions to help address such demand.
FAO: You can say that again…LOUDER!!!
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News