Blockchain Daily News – Edition 58, 22.09.2017
September 22, 2017
Blockchain Daily News – Edition 60, 26.09.2017
September 26, 2017

Blockchain Daily News – Edition 59, 25.09.2017

Blockchain Daily News

by Florin Oprea

Edition 59, 25.09.2017

Mr. Jamie’s Section

Dimon Knocks Bitcoin Again: Crackdown Likely On ‘Worthless’ Cryptocurrency

Rachel Rose O’Leary – CoinDesk

Governments Will Close Down Bitcoin And Cryptocurrencies If They Get Too Big, Warns Jamie Dimon

Luke Graham –

JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.

DNT:  Mr. Jamie Dimon is quite persevering….American philosopher Eric Hoffer said “You can discover what your enemy fears most by observing the means he uses to frighten you”. And that says almost all…

FAO: Mr. Jamie seems pretty confident about the future actions of various governments…hmmm. Is it because…? Nooo…can’t be…

Deals, Investments & M&As

Blockchain Tops $4.5 Billion In Private Funding This Year, But Deal Growth Stalls

Jonathan Ponciano – Forbes

Billions of funding dollars have poured into blockchain companies this year, and token sales in 2017 alone have amassed about $2 billion, already crushing last year’s token-sale total of $256 million.

FAO: Mr. Jamie probably had these stats in his mind when he made the remarks we reported today…

Inside the Meteoric Rise of ICOs

Chance Barnett  – Forbes

ICOs have quickly grown to account for more startup funding in blockchain-based companies than all of Venture Capital. Nearly $2.3 billion has been raised to date in ICOs, with the large majority of that taking place in the first half of 2017.


Don’t Wait For The Feds To Catch Up On Crypto

Tyler Jefferson – Money Morning

It seems the Aussie government is finally warming to bitcoin. Depending on your point of view, that could be a bullish sign. Or it might mean it’s time to get out and run for the hills.

FAO: Good one! You never know…we should probably take Mr. Jamie’s remarks seriously…

It’s Time To Address Bitcoin’s Big Blind Spot

Bart Chilton – CNBC

It’s hard to imagine that even the most ardent bitcoin or digital currency enthusiast isn’t doing a bit of reassessment in light of events in recent days. Prices have been on a roller coaster that doesn’t appear to have an end … at least a good one. There’s still hope, however, that digital currency’s future can be bright if bitcoin’s big blind spot is addressed.

FAO: Bart Chilton, the author of this article, is a former US Trading Commissioner.

One In Five Central Banks Say They Will Be Using Blockchain Tech By 2019

Joon Ian Wong – Quartz

Central banks are pretty bullish on blockchain technology, according to a new study by the Cambridge Centre for Alternative Finance. One in five central banks surveyed say they will deploy some form of blockchain tech within the next two years. Nearly 40% say the tech will be in use within a decade.

DNT: I don’t know about you, but for me, this isn’t surprising. It’s just natural. Competition oblige.

Better In Byzantium? Ethereum Takes Baby Steps Toward A Privacy Boost

Rachel Rose O’Leary – CoinDesk

Ethereum users may soon be getting a much-needed privacy boost. Long a shortcoming for all public blockchain networks, the world’s second-largest blockchain is nonetheless aiming for big improvements in its upcoming Byzantium release.

Exchanges & Trading Venues

Chinese Exchange To Launch Platform Based Outside Of The Country

News Bitcoin – Samuel Haig

Chinese cryptocurrency exchange ViaBTC has announced its plans to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th.

FAO: Which is another natural and very predictable step. I am sure more similar announcements will soon follow…

How Shanghai Govt Came To Forcing All Bitcoin Trading to Stop: The Insider Story

Willie Tan – The Cointelegraph

The Paper news agency reported that the Chinese regulators not only banned the exchange between Bitcoin and other cryptocurrencies and the Chinese Yuan, but they also called for all trading of cryptocurrency to any fiat currency to end. This carries the implication that all exchanges have effectively been banned.


‘Drugs & Arms Trafficking Not As profitable’: Bitcoin Miners Tell RT Why They Bet On Crypto Profits

Russia Today

A businessman from Siberia’s Bitcoin “mining capital” says he regrets not starting earlier, as it saved him from a “terrible crisis.” Others say they gained “freedom,” as well as profits.

FAO: Now this is a story you don’t read every day…


Gibraltar’s Financial Regulator Takes Note Of ICO Boom, Issues Warning

Jacob J  – The Cointelegraph

With increasing numbers of ICOs, the Gibraltar Financial Services Commission has issued a statement saying that it is putting in place a regulatory framework for companies which use Blockchain (or distributed ledger technology) to store or transfer value. This framework is expected to be in place by January 2018.


Strategist Predicts Bitcoin, Digital Currency Trading Volume Will ‘Soon Surpass’ Apple’s

Evelyn Cheng – CNBC

Digital currency trading is exploding and daily volume could “soon” surpass that of Apple, according to a strategist closely followed by hedge funds.

Other news

Mastercard Hints At Plans For Blockchain Settlement System

Nikhilesh De – CoinDesk

Mastercard may be looking to integrate blockchain into its payments infrastructure.

The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a “uniform settlement system” – one that would help ease some of the friction involved with business-to-business payments.

DNT: Nice. An example to be followed.


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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News