Blockchain Daily News – Edition 67, 06.10.2017
October 6, 2017
Blockchain Daily News – Edition 69, 10.10.2017
October 10, 2017

Blockchain Daily News – Edition 68, 09.10.2017

Blockchain Daily News

by Florin Oprea

Edition 68, 09.10.2017

Deals, Investments & M&As

A Cryptocurrency Deal And A Triad Boss Called Broken Tooth – What Can Possibly Go Wrong?
Niall Fraser – SCMP

News of “Broken Tooth” Wan Kuok-koi’s involvement in a planned multimillion-dollar cryptocurrency share offer – known in digital business parlance as an ICO – has sparked fresh concerns over fintech regulations.

FAO: Macau-based Dragon Corp. aims to raise $500m through an ICO, making it the biggest ICO ever recorded. The tokens will be issued in Hong Kong, thus not YET affected by China’s crackdown. The funds will be used, among others, for building a floating casino hotel.

DNT: Hmmm, this may be a story for OMG section but, it’s a deal after all…In fact, a big one and it will bring blockchain technology in the world’s most cash-rich gambling hub.

Cryptocurrencies

IMF Could Issue International Cryptocurrency To Replace Dollar?

Jon Buck – The Cointelegraph

According to the Wall Street Journal, the world may soon have an international cryptocurrency in response to Bitcoin. The story comes as a response to recent comments by Christine Lagarde, head of the International Monetary Fund, encouraging banks and governments to not short-change Bitcoin and other cryptocurrencies.

FAO: Things precipitate, now IMF wants a cryptocurrency…after Dubai announced its emCash (reported here), Russia, China, India have plans of their own…

DNT: Lately, a fast growing number of central banks seem to be interested in state-issued cryptocurrencies…Do you think the world really needs such a currency? Send us your thoughts.

Ethereum Developers Optimistic Ahead Of Byzantium Blockchain Fork

Rachel Rose O’Leary – CoinDesk

Ethereum’s core developers assembled for a final scheduled meeting before the blockchain network, the world’s second-largest by total value, undergoes its next upgrade, expected on October 16.

FAO: Only a week to go – things going steady…

Exchanges & Trading Venues

Bitcoin Exchanges Coinbase, Bitfinex Issue Guidance Before SegWit2X Hard Fork

Jon Buck – The Cointelegraph

The debate over whether the Segwit2X hard fork on the Bitcoin chain should be implemented or not has become increasingly heated on social media and among industry pundits.

FAO: Coming up, next month…

Vendors

Complex Blockchain Data Storage Approved For Delaware

Ken Mammarella – Delaware Business Times

American Banker called Delaware Senate Bill 69 “tremendously forward-thinking.” Fortune went for “profound,” the National Law Review “historic.”A key state official said it will “unlock value.”

BitPeople

Crypto Hedge Funds Bring More Diversity To Fintech

Leigh Cuen  – International Business Times

Traditional hedge funds have a huge diversity problem. According to a recent study by the Bella Research Group and the John S. and James L. Knight Foundation, women own just 4.3 percent of American hedge funds while minorities own around 8 percent. Combined, the study estimated these two categories control less than 1 percent of the industry’s assets.

Latest Developments & Agreements

Fundstrat Launches Five Indexes To Track Bitcoin And Other Digital Currencies

Evelyn Cheng – CNBC

Fundstrat co-founder Thomas Lee has created five indexes to track digital currencies.

FAO: Good! I am sure the majority of crypto-investors will find them very useful. Surely not the case of Lee’s former boss, Mr. Jamie. Thomas Lee is the former chief equity strategist at JPMorgan Chase…Remember Dimon’s rampage on Bitcoin? (reported last month)… he said, among other harsh things, he would fire any employee trading bitcoin for being “stupid.”

Regulation

Taiwan Must Be Brave On Cryptocurrency Stance

David Green – The News Lens

Financial Supervisory Commission chairman Wellington Koo pledged to leave space open for the development of cryptocurrency and distributed ledger technology in Taiwan.

FAO: Team “Pro” (Asia) new entry: Taiwan.

So this is how things stand in Asia, for now:

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

Team “Against”: China, India, Russia, Malaysia

Team “Neutral”: South Korea (for now)

French Regulator AMF Takes Soft Stance On Cryptocurrencies, Looking Into ICOs

Hunain Naseer  – Cryptovest

Robert Ophèle, President of the French regulatory authority AMF, commented on how cryptocurrencies have risks but legitimate uses as well, and shared that the AMF is looking into ICOs.

Startups, Accelerators & Hubs

Bitcoin Boss Shares Start-up Tales And Hopes For Hong Kong

Harminder Singh – SCMP

Locally based entrepreneur George Harrap urges officials to tackle talent shortage in city.

Analysis

Bitcoin Metric Doesn’t Lie, But It Obfuscates

Stephen Gandel – Bloomberg

For those wondering whether bitcoin is in a bubble, the crypto-converts have a answer: It’s not. The price, they say, can go much higher.

FAO: The “cryptoverse” is “morphing” its own metrics: the above article discusses BTC’s network value-to-transaction ratio (NVT) aka BTC’s P/E.

Warnings Grow Louder Over Cryptocurrency As Valuations Soar

Edward Helmore  – The Guardian

With bitcoin and Ethereum gathering momentum among investors, some experts fear a bubble could soon burst

Other news

Dubai Land Department Becomes World’s First Government Entity To Conduct All Transactions Through Blockchain Network

Gulf News

Dubai Land Department (DLD) announced that it has become the world’s first government entity to adopt Blockchain technology. The initiative has been developed in cooperation with Smart Dubai and other partners.

FAO: Dubai announced its own cryptocurrency called emCash, it’s the first ever state cryptocurrency – more details HERE. UAE has a very busy agenda regarding blockchain and crypto’s and Dubai wants to become first blockchain-powered government in the world by 2020.

DNT: Excellent! Congrats.

Russia Blasts Decision To Extradite Alleged Bitcoin Money Launderer

Nikhilesh De – CoinDesk

Russia’s foreign ministry has sharply criticized a Greek court’s decision to extradite Alexander Vinnik to the US for his alleged role in laundering funds through the BTC-e bitcoin exchange.

FAO: This is the least Russia could do after last week’s decision regarding Vinnik.

Opinion

Why Fidelity Is Mining Bitcoin And Ethereum

Jeff John Roberts  – Fortune

Fidelity CEO Abby Johnson surprised a tech conference this spring by revealing the brokerage giant didn’t just study cryptocurrency. It was also mining the digital assets—and making money while doing so.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News