Blockchain Daily News – Edition 54, 18.09.2017
September 18, 2017
Blockchain Daily News – Edition 56, 20.09.2017
September 20, 2017

Blockchain Daily News – Edition 55, 19.09.2017

Blockchain Daily News

by Florin Oprea

Edition 55, 19.09.2017

J.P. Morgan Helps To Buy Bitcoin

Finews

Despite chief executive Jamie Dimon recently calling Bitcoin «a Fraud» his bank has been routing customer orders for bitcoin-related instruments.

FAO: OMG Jamie…What have you done? Looks like J.P. Morgan is an agent for buyers and sellers of Bitcoin XBT, an ETN following BTC…

Anyway, the memes on the web are “Gold”, uh oh, “Bitcoin”, and my editors are having a “Can’t stop laughing” episode…

DNT: True…I’ve just experienced a laughing crisis. Florin, you made my day! “What have you done..”

What Jamie Dimon Got Wrong About Bitcoin and Tulips

Aaron Brown – Bloomberg

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon made news last week by criticizing bitcoin.

FAO: And this is really genius!

Asking a bank CEO what he thinks of bitcoin is like asking the head of the post office what he thinks of e-mail.

What Last Week Tells Us About Bitcoin

Mohamed A. El-Erian – Bloomberg

It will take time to understand the currency’s full array of costs and benefits.

FAO: Remember yesterday’s introductory comments? Yeah it was about Looney Tunes. The first article, signed Sam Volkering (Money Morning) also mentioned Mohamed El-Erian, the former CEO of PIMCO, current Chief Economic Adviser at Allianz and author of the above article. It could be of help if you read Volkering’s piece again before reading El-Erian’s piece in BloombergView…

“Elmer Fudd: Now I got’cha you – you, Wabbit! Hahahah.

Bugs Bunny: Say doc. Are you tryin’ to get yourself in trouble with the law? This aint rabbit hunting season!

Elmer Fudd: It’s not?!

Bugs Bunny: No, it’s duck hunting season.

Daffy then irate storms towards them both pointing his finger at them.

Daffy Duck: That sir is an imissagated fabrication! It’s wabbit season.

Bugs Bunny: Duck season.

Daffy Duck: Wabbit Seathon!”

Why Bitcoin May Really Scare Wall Street: Overstock CEO

Julia Limitone – Fox Business

JPMorgan CEO Jamie Dimon called bitcoin “a fraud” last week but Overstock.com CEO Patrick Byrne told FOX Business the cryptocurrency is useful.

DNT: .. and ladies and gentlemen, another genius statement:

“Blockchain, the underlying technology behind bitcoin, will be as disruptive as the “Internet was to publishing” – Patrick Byrne, Overstock CEO.

China’s Interference on Bitcoin Tests Currency’s Foundation

Chao Deng – Wall Street Journal (subscription)

Latest plans represents some of the most draconian measures any government has taken to control bitcoin.

China Preparing To Crack Down On All Trading Of Bitcoin

Straits Times

Bitcoin went on a wild ride overnight amid a report by the Wall Street Journal that Chinese regulators are preparing the biggest clampdown on the virtual currency to date.

FAO: Might be the beginning of a major clampdown of regulators around the world on “the cryptoverse”…

Cryptocurrencies

Wificoin Lets You Buy Hotspot Access With Cryptocurrency

Josh Constine – TechCrunch

It’s infuriating to see a public wifi connection you’re not allowed to use, such as the ones from mobile carriers like T-Mobile and ISPs like Comcast. If you’re not a subscriber, there’s often no way to pay for one-time access. But TechCrunch Disrupt SF 2017 Hackathon project Wificoin wants to help you buy or earn access to hotspots nearby.

FAO: How cool is that?

Vendors

Split on Forks? Blockchain Leaders Learn Tough Lessons From Bitcoin Scaling

Bailey Reutzel – CoinDesk

Cypherpunks attack ideas, not people – or so the saying goes.If bitcoin’s long-roiling scaling debate is any indication, though, that doesn’t always work in practice. From suggestions that some were undermining the project’s intent to outright personal attacks, things have gotten – and remain – heated.

BitPeople

Malta Unveils Blockchain Advisory Board As National Strategy Advances

Nikhilesh De  – CoinDesk

The government of Malta is launching a new task force to advise on the implementation of the country’s national blockchain strategy, announced in April.

FAO: Meanwhile in Malta…

Regulation

HKMA Chief Warns Of Money Laundering Risks Associated With Bitcoin And Digital Currencies

Enoch Yiu,Alun John – South China Morning Post

The Hong Kong Monetary Authority has joined the rising chorus of voices warning about bitcoin and other digital currencies.

FAO: Here’s another official issuing warnings…should we expect some actions against the “cryptoverse” in HK too?

Events

Major Chinese Bitcoin Conference Flees To Hong Kong As Government Cracks Down On Cryptocurrencies

Everett Rosenfeld – CNBC.com

A major bitcoin conference has suddenly jumped from China’s capital to Hong Kong — which has greater freedoms than Beijing — in the face of a Chinese government crackdown on cryptocurrencies.

FAO: Natural reaction…

Other news

The Pirate Bay Used Visitors’ Computers To Mine Cryptocurrency

Lee Kah Leng – The Star

Like most torrents sites, The Pirate Bay is notorious for pop-up ads, but it is now looking beyond ads to make money by using the computers of its visitors to mine cryptocurrency.

The site had inserted a special code in its search results and category listing that made some computers mine for the cryptocurrency Monero.

FAO: Oh boy…

Bitcoin And Blockchain: A Russian Money Laundering Bonanza?
Owen Matthews – Newsweek

Russian computer geniuses are heavily involved in the internet’s latest craze: virtual currency. And it’s not just attracting cybercriminals—the Kremlin wants to get in on the cryptocurrency revolution by issuing state-backed “bit-ruble.”

DNT: Hmm..How accurate is the statement “nobody does the dark side of the internet better than the Russians”? It might be true..

FAO: Quite an elaborate article here…we need some extra time to digest this…worth reading…

This Company Wants To Grow A.I. By Using Blockchain

Yen Nee Lee – CNCB

In the next phase of artificial intelligence development, the firm behind Sophia the robot — who once said she wanted to destroy humans — is integrating blockchain into its work.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News