by Florin Oprea
Tanzeel Akhtar – The Street
Ethereum, a cryptocurrency that uses blockchain technology, is expected to split on October 17.
DNT: This year, we have already experienced the split of Bitcoin, reported in several editions. Now, it looks like Ethereum is expected to split. It’s not the first time: in 2016 a similar move created Ethereum Classic. Oh, and Ethereum has now 27.8 billion dollars market cap.
FAO: The hard fork for Byzantium will happen at block number 437,000,000. The tests phase on the Ropsten testnet started earlier this month.
Singapore has publicly stated ambitions to be the world’s leading fintech and innovation hub.
DNT: No wonder, really. Singapore is like a magnet and it’s have been rated as the world’s most open and trade-friendly economy.
FAO: At the time of writing Ripple was experiencing a rally and its market cap reached almost $7.7b.
Chanyaporn Chanjaroen – Bloomberg
Singapore banks have closed accounts of several companies which specialize in providing cryptocurrency and payments services.
FAO: Hmmm…and what do you think could have caused banks to act this way ?!? You don’t have too many options for an answer…One possible answer could be: they just don’t want to fraternize with the enemy….
Polina Chernykh – Coinspeaker
The platform is expected to become the largest digital currency exchange in South Korea, allowing investors to trade in more than 110 cryptocurrencies. Called Upbit, the exchange will be released in beta next month.
FAO: It is expected to become the largest because it’s launched alongside an existent stock trading app and because it’s addressing a customer base of about 200 million users. I guess we shall hear more often about Upbit…
DNT: Pretty impressive. Good luck!
ASX Says Investment In Blockchain Tech Puts It Ahead Of Game
Cliona O’Dowd – The Australian (subscription)
Rohan Pearce – Computerworld
ASX’s chairman, Rick Holliday-Smith, says the company is “increasingly confident” of the potential for a system based on blockchain-inspired DLT to replace the Australian Securities Exchange CHESS system.
FAO: ASX has been working with Digital Asset Holdings (DAH) to find a solution for replacing CHESS. Earlier this year ASX declared it will complete an assessment of blockchain-style DLT solution by the end of the year. Question is how soon can such a solution be implemented at ASX and then at other potential clients….
Rachel Rose O’Leary – CoinDesk
The president and CEO of the Mizuho Financial Group “megabank” has spoken out on the potential of blockchain to disrupt financial incumbents. Yasuhiro Sato said the technology could “change the strategies of international financial institutions,” adding “we should have the courage” to make the shift to blockchain “now.”
FAO: Rick (ASX’s chairman) said (above) he is “increasingly confident”…but it takes some courage too…Mizuho is on the list of participants in a new consortium launched by NTT Data for studying use cases for blockchain technology.
Blockchain consortium R3 is collaborating with12 banks and technology vendor TradeIX on an open-account trade finance project for corporate buyers and sellers around the world.
They are developing an end-to-end open account trade finance business network which will be powered by TradeIX and R3’s Corda distributed ledger platform.
Simon Cocking – Irish Tech News
DNT: A pit stop on the road to the future of finance for “refueling” our knowledge with valuable information about how new technologies have radically transformed our world.
Pete Rizzo – CoinDesk
The SEC will target violations involving distributed ledger technology and ICOs as part of a new effort to fight cybercrime.
FAO: First they started surveilling them, then they regulated them and taxed them…oh, sorry, some “memories from the future”…hopefully not…
David Meyer – Fortune
Japan’s financial watchdog will soon pay very close attention to the internal systems of exchanges for virtual currencies such as bitcoin.The country’s Financial Services Agency (FSA) said that it would be putting exchanges under what The Japan Times called “full surveillance” from next month.
DNT: It seems to me that, not only in Japan, but wherever we have an intense cryptocurrency activity, the new trend is “surveillance”. (better read it – control). Am I wrong?
Share your opinion with us.
Panos Mourdoukoutas – Forbes
China’s ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention.
FAO: No comment…
Joakim Malmberg, Karl-Johan Byttner – Business Insider
The world’s largest cryptocurrency has been accepted as payment at smaller online shops for a while, but more and more service companies are also catching on to the trend.
FAO: Now here’s some pretty useful data…
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News