Blockchain Daily News – Edition 69, 10.10.2017
October 10, 2017
Blockchain Daily News – Edition 71, 12.10.2017
October 12, 2017

Blockchain Daily News – Edition 70, 11.10.2017

Blockchain Daily News

by Florin Oprea

Edition 70, 11.10.2017

Fans’ Section

Putin Says Crypto-Currencies Pose Risks For Households, Businesses

Reuters

Russia Turns Cold On Crypto-Currencies

Denis Pinchuk, Elena Fabrichnaya – Reuters

President Vladimir Putin said crypto-currencies were risky and used for crime, as Russia’s central bank said it would block websites selling bitcoin and its rivals – a change of tone from a month-old promise to legalize the market.

FAO: At least they said it straight this time…Good! We started to feel a bit dizzy after a mixture of opinions on the matter sent by various high-level Russian officials lately…

No surprise though, as this was expected – so no change in our Team “Against” (Asia): China, India, Russia, Malaysia.

Bitcoin Suffers Mystery Flash Crash On Popular Cryptocurrency Index

David Reid, Arjun Kharpal – CNBC

Bitcoin appeared to have a flash crash on Tuesday morning after falling over $600 in a few minutes, but only one index logged the price move.

FAO: A natural reaction after Russia’s actions.

A Crypto Company Took Out An Ad In The Wall Street Journal To Poke Fun At Jamie Dimon

Frank Chaparro – Business Insider

A cryptocurrency company took out a full-page ad in The Wall Street Journal to fire back at JPMorgan CEO Jamie Dimon, who in September called bitcoin “a fraud.”

FAO: A kind of proof that Dimon’s attack had the opposite effect…Jamie said last month that he would fire any employee trading bitcoin for being “stupid.”

Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship

Samuel Haig – Bitcoin.com

The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins.

FAO: Smart people, the Vanuatuan people. Here’s the catch: Vanuatu is a member of the Commonwealth of Nations, meaning its citizens can travel without a visa to over 100 countries, including much of Europe. Let’s mark this day: Vanuatu’s population is around 270k…

DNT: ..what was the famous intro from Star Trek? Oh, yeah…”to boldly go where no one has gone before”..That means, in fact, the cryptoverse. And this is one of the proofs.

Cryptocurrencies

Start-up Ripple Has Over 100 Clients As Mainstream Finance Warms To Blockchain

Ryan Browne – CNBC

Blockchain Company Ripple Says It Has $15bn War Chest

Martin Arnold – Financial Times (subscription)

The head of Ripple has said its $15bn of cryptocurrency reserves could be used to acquire or partner with rivals, as it seeks to dominate its fast-moving sector within financial technology.

FAO: Ripple CEO Brad Garlinghouse had a response to Mr. Jamie’s recent attack on the “cryptoverse”:  

The global payments industry really has been ruled by an oligopoly, led by players like JPMorgan and Citi.”

It’s certainly not that surprising to see Jamie Dimon’s comments recently on bitcoin given that they (JPMorgan) control that oligopoly.”

FAO: Wonder if Mr. Jamie is reading our daily bulletin, maybe somebody can send him a link. He could at least use it as a means of keeping a track of all reactions after his “fine” words.

Vendors

Torrent Website Offers Users Rewards For Cryptocurrency Mining

Rachel Rose O’Leary – CoinDesk

A torrent downloads website has started offering visitors the option to enable a cryptocurrency mining feature and earn incentives for the platform, according to a TorrentFreak report.

DNT: How cool is that? To download your favorite content and have the option to get rich or, at least, to try…And, no, we don’t encourage piratery…

FAO: Well it’s good they at least inform you about this option, other websites (check the “Other news” section of this September edition, it’s about Pirate Bay) have done it without asking you first…

BitPeople

Interview: Cryptographer Silvio Micali On Bitcoin, Ethereum And Proof of Stake

Amy Castor – Bitcoin Magazine

Silvio Micali is an MIT professor and Turing Award–winning cryptographer known for his work in technologies that form the bedrock of blockchains today.

DNT: Proof of stake Vs. Proof of work….and the future of Cryptos. Worth reading!

Startups, Accelerators & Hubs

Welcome To Crypto Valley

Hugo Miller – Bloomberg

The Swiss city of Zug embraces digital currency. Some worry that the money might be a little too secret.

DNT: A very complex story with a lot of valuable information…hacking issues, regulation, and so on. A must read.

FAO: Let’s hope the Swiss will apply their quality standards in their blockchain work too…  

50 Startups: Central Bank Director Touts Singapore As Blockchain Hub

Stan Higgins – CoinDesk

A senior official for Singapore’s de facto central bank says that as many as 50 startups in Singapore are working with blockchain.

Analysis

Bitcoin Price Is Rising Above $4,700 Despite Upcoming SegWit2x

Polina Chernykh — Coinspeaker

Other news

Fujitsu And Three Japanese Banks To Conduct Blockchain Field Trial

David Pimentel – Block Tribune

Japanese IT firm Fujitsu has teamed with three Japanese banks to conduct a joint field trial of a person-to-person money transfer service using blockchain technology.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News