by Florin Oprea
Ali Montag – CNBC
Watching the price of digital currency bitcoin is a roller coaster ride: It has surged more than five times in price this year to a record just above $5,000 in early September, but in two weeks crashed by $2,000.
Hugh Son – Bloomberg
Not every Wall Street bank chief is bearish on bitcoin.
James Gorman: “The concept of anonymous currency is a very interesting concept — interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that.”
DNT: Now, that’s indeed an interesting point of view. Keep it up, Mr. Gorman!
Matt Scuffham – Reuters
Dave McKay, RBC’s CEO, Canada’s biggest lender, pushed back on a suggestion by JPMorgan CEO Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring.
FAO: We have created this new section and called it simply “Fans’ Section”. It’s dedicated to all “cryptoverse” fans and also enemies (let’s call them “undercover fans” – just like Mr. Jamie)…I think this is more appropriate than having a “Mr. Jamie’s Section”. We should at least thank him, as he triggered this debate. We are definitely waiting for new statements.
Paul Vigna, Gregor Stuart Hunter – The Wall Street Journal (subscription)
Leigh Cuen – International Business Times
South Korea just became the latest country to ban initial coin offerings, aka tech projects crowdfunding with cryptocurrency.
DNT: Surprisingly (or not?) ‘cause South Korea is a mainstream land for crypto’s. It looks like that worldwide regulators from Asia to USA and Europe are quite busy these days…
FAO: Should we expect more from South Korea? Will it follow China’s steps (I hope no? Meanwhile, Japan is embracing the “cryptoverse” with its latest actions and consolidating its leading position, following its neighbours’ crackdown on cryptos. Check out the next two sections!
Alun John – SCMP
Initial coin offerings are the most talked about, if not the most popular, form of fundraising for cryptocurrency projects around the world – and Hong Kong is starting to get in on the action. In fact, evangelists for cryptocurrencies see ICOs as a way for Hong Kong to regain its place at the forefront of the Asian, and even the global, financial services industry.
Arjun Kharpal – CNBC.com
Nikkei Asian Review
SBI Holdings plans to issue its own virtual “coins” that can be used by consumers to make payments at stores. Unlike digital money that assumes the value of an existing currency, the financial services group’s coins will be virtual currency and be tradeable on the market.
FAO: I think we will soon be able to see “who’s who” in the “crytpoverse”…let’s split the “players” in three teams: Team “Pro”, Team “Against”, and Team “Neutral”… can you think of some better names? You can send your suggestions here.
Jon Buck – The Cointelegraph
The local government in Dubai has officially launched its own cryptocurrency called emCash, according to announcements by local news media outlets. The cryptocurrency would be used for payment of governmental and nongovernmental services.
FAO: A Team “Pro” young middleweight fighter, Dubai is on constant “workout” with support delivered by professional trainers.
Bahrain’s Government Is Keen On Adopting Bitcoin, Reveals Official
Samburaj Das – Cryptocoins News
Bahrain is interested in adopting digital currencies like bitcoin amid a wider impetus toward a ‘country level’ adoption of blockchain technologies.The Kingdom of Bahrain, a constitutional monarchy of over 30 islands in the Persian Gulf, is taking a bitcoin-friendly approach in its advent to become a FinTech hub in the region.
FAO: Little league…good potential tough.
Gareth Allan, Yuki Hagiwara – Bloomberg
Luke Graham – CNBC
Japan’s Financial Services Agency (FSA) officially recognized 11 companies as registered cryptocurrency exchange operators.
DNT: Very smart move. This will boost Japan as a force for bitcoin as the traders are moving from China. Go Japan!
FAO: The undisputed champ, “cryptoverse’s” “Floyd Joy Mayweather Jr.”. I think this is pretty clear. Right?
Matthew Leising – Bloomberg
Roy Choudhury- CNBC
A U.S.-based start-up, AirSwap, is trying to create a decentralized exchange where users can do peer-to-peer trading of virtual tokens. It plans to use smart contracts on the Ethereum blockchain to pair up buyers and sellers automatically, eliminating the need for a central authority to match trades.
Ash Bennington – CoinDesk
Jeff John Roberts – Fortune
When the Securities and Exchange Commission cracked down on so-called in ICOs in July, some feared it would be the end of a novel way for companies to raise money by selling digital tokens. As it turns out, the SEC ruling may mark the true beginning of the ICO era.
FAO: Two interesting projects emerged last week. U.S. is joining the Team “Pro”, clearly. Good stuff!
Jonathan Shieber – TechCrunch
Fidelity Investments, one of the world’s largest investment firms with $2.3 trillion in managed assets, is taking a long look at cryptocurrencies.
FAO: A lot of action from Fidelity in this area lately (check previous crypto-related announcements from Fidelity here and here). We had one day off, and seems like everything happened that day… I am so scared to take a whole week…
William Suberg – The Cointelegraph
The tiny unrecognized republic of Transnistria is the latest jurisdiction to announce it wants to join the Bitcoin mining race.The breakaway segment of Moldova, which unofficially declared independence in the 1990s and has received support from Russia since, is looking to capitalize on cheap electricity costs.
Via Finextra – Former Chief Development And Chief Data Officer Of TradingScreen, joined AlphaPoint as Executive Vice President of Development.
Cryptocurrency’s backers take a battering as central government orders stop on trading platforms.
FAO: Yeah, I bet they are. Next stop HK, Japan, USA, Europe, Middle East…
Matt Scuffham – Reuters
Royal Bank of Canada is experimenting with blockchain to help move payments between its U.S. and Canadian banks.
FAO: Check today’s first section too…
Ian Allison – Internațional Business Times
The Superintendency of Banks and Financial Institutions of Chile (SBIF) has joined the global network of members of the enterprise software company R3 as a regulatory member.
The SBIF, the Chilean banking regulator, is the latest Latin American member to join R3’s growing community.
Jake Novak- CNBC
North Korean hackers are increasing their attempts to steal bitcoin from South Korea may be the final straw that leads regulators to rein in bitcoin.
FAO: Read that headline again…oh we are living some interesting times…
Rachel Rose O’Leary – CoinDesk
Edward Snowden has come out in support of the privacy-oriented cryptocurrency zcash, calling it the “most interesting alternative” to bitcoin.
FAO: Zcash has experienced some roller coaster price action last week…
Frank Chaparro – Business Insider
The Securities and Exchange Commission has charged a man and two companies for operating fraudulent initial coin offerings.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News