Blockchain Daily News – Edition 63, 02.10.2017
October 2, 2017
Blockchain Daily News – Edition 65, 04.10.2017
October 4, 2017

Blockchain Daily News – Edition 64, 03.10.2017

Blockchain Daily News

by Florin Oprea

Edition 64, 03.10.2017

Fans’ Section

Goldman Sachs to Explore Starting Bitcoin Trading Venture

Dakin Campbell – Bloomberg

Goldman Sachs is exploring how it could help clients trade bitcoin and other digital currencies, according to a person briefed on the plan.

FAO: I wonder what Jamie Dimon would have to say about this?

Deals, Investments & M&As

Chinese Money Dominates Bitcoin, Now Its Companies Are Gunning For Blockchain Tech

Joon Ian Wong – Quartz

FAO: Today’s must-read article. A pertinent analysis after a journey through bitcoin trading operations in Shanghai, mining operations in Inner Mongolia, and a bitcoin club in Beijing. Enjoy!

DNT: Really captivating story about the cryptocurrencies’ boost in China. A journey that leads to some legitimate questions : “How did stateless cryptocurrencies get so big in China, a country where the national currency—along with so much else—remains tightly controlled by the government? Why has bitcoin, along with other cryptocurrencies, flourished with so much vigor here in China?”. Even if there is no full answer, we can definitely get some clues.

Bitcoin Bug Bites Japan and South Korea as China Clamps Down

Nathaniel Popper – The New York Times

The Chinese government has been clamping down on virtual currency activity at the same time that hundreds of thousands of Japanese have thrown themselves into Bitcoin trading, making Japan’s main Bitcoin exchange, bitFlyer, the largest in the world in recent weeks by some methods of counting.

FAO: After South Korea’s latest actions it’s all eyes on Japan, of course…

Exchanges & Trading Venues

Hong Kong’s TideBit Drawing Chinese Bitcoin Investors Frozen Out In Beijing’s Crackdown

Amanda Lee – SCMP

Hong Kong-based tech company TideBit is looking to expand its bitcoin trading operations, seeing growing demand from Chinese investors frozen out by Beijing’s crackdown on the virtual currency.

FAO: …and/or Hong Kong!

So I think we can at least begin our “Who’s who in the cryptoverse” list:

Let’s start with Asia today:

Team “Pro”: Japan, Hong Kong, Singapore, United Arab Emirates, Bahrain, Cambodia, Kazakhstan, North Korea

Team “Against”: China, India, Russia

Team “Neutral”: South Korea (for now)

What do you think about the list’s content? Any other countries to include or any changes to make on the current content? Send your thoughts – HERE.

Vendors

Oracle’s Plans For Blockchain

Barb Darrow – Fortune

Oracle Launches Enterprise-Grade Blockchain Cloud Service

PR Newswire

The advanced, enterprise-grade distributed ledger cloud platform helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network.

FAO: Oracle joined Hyperledger earlier this month.

BitPeople

Two Fewer Tims: R3 Sees Key Employees Depart For New Ventures

Michael del Castillo – CoinDesk

Blockchain consortium R3 has lost two of its most public employees.

Fresh off raising $100 million in May, CoinDesk has confirmed that both Tim Grant, R3’s head of global business development, and Tim Swanson, its director of market research, have left to start their own businesses.

Regulation

Cryptocurrency Flash Crash Draws Scrutiny From Watchdog

Lily Katz, Matt Robinson – Bloomberg

The Commodity Futures Trading Commission has requested information from Coinbase Inc. about a June 21 incident on its GDAX platform in which the ether digital token suffered a precipitous drop, falling to 10 cents from $317.81 in milliseconds before quickly recovering, said two people familiar with the matter.

Events

Via The Cointelegraph – US State Department to Host Blockchain Forum on October 10

Other news

Alleged Bitcoin Money Launderer Has First Extradition Hearing

Nikhilesh De – CoinDesk

Alleged former BTC-e employee Alexander Vinnik appeared in a Greek court on Friday for the first of what could be several hearings to determine where he will ultimately stand trial.

FAO: Quite “messy” situation: Russian national Alexander Vinnik was arrested in July (reported here) by Greek authorities on behalf of the U.S. government, being charged with money laundering, computer hacking, fraud and drug trafficking alongside BTC-e. Even “messier” is the fact the he is wanted for fraud in Russia too. Meanwhile BTC-e is struggling to return to life.

Opinion

Opinion: China Was Right To Ban ICOs

Sheng Songcheng – Caixin Global

DNT: <Audiatur et altera pars> is a fair principle. Especially when it’s based on arguments. Fraudulent schemes and lack of regulation are two of them.  A story that worth your time.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News