by Florin Oprea
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.
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.
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…
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…
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.”
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.
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.”
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)
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.
Harminder Singh – SCMP
Locally based entrepreneur George Harrap urges officials to tackle talent shortage in city.
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.
Edward Helmore – The Guardian
With bitcoin and Ethereum gathering momentum among investors, some experts fear a bubble could soon burst
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.
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.
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