Blockchain Daily News – Edition 70, 11.10.2017
October 11, 2017
Blockchain Daily News – Edition 72, 13.10.2017
October 13, 2017

Blockchain Daily News – Edition 71, 12.10.2017

Blockchain Daily News

by Florin Oprea

Edition 71, 12.10.2017

Fans’ Section

Bitcoin Hits A New Record High Above $5,100

Arjun Kharpal – CNBC

Reports have emerged in the last few days that trading in the world’s second-largest economy could resume. A report by Cryptocoinnews.com, citing Chinese state-owned news company Xinhua, said that bitcoin trading will likely resume with more regulation. This could include new licensing and anti-money laundering regulations to be implemented by exchanges.

FAO: BTC reached  $5,200 at time of writing (according to coinmarketcap), that’s quite a significant move in the last 24h. Something is clearly “cooking”. Let’s see what’s next. Oh, you might want to read the “Regulation” section too – it’s about Russia…see if you can find any similarities…

Jamie Dimon Should Do ‘Some Homework’ On Crypto, Says Blockchain Capital VC

Polina Marinova – Forbes

Bart Stephens, the co-founder and managing partner of Blockchain Capital, the oldest and most active venture capital firm dedicated to blockchain technology and the cryptocurrency ecosystem: “I would encourage Jamie Dimon and others to do some homework first. It is not a fraud”.

FAO: What happens when the hunter becomes prey? Maybe Jamie should share his thoughts, once again…It was Bart Stephen’s (above article) and also ex – JP Morgan trader Daniel Masters’ (below article) turn to speak their minds about Dimon and other like-minded people. Latest statements in “cryptos’” defense are yet another proof of the “cryptoverse’s” maturity.

DNT: Look Mr. Jaime, you’re in our daily bulletin again!!!

My mind flew to some verses of one of Ozzy Osbourne songs: “Mr. Crowley, what went on in your head?” or “Mr. Charming, did you think you were pure?” …It’s rhetorical, of course.

By the way, the interview with Bart Stephens is excellent! Ohh, the next story too…

Ex-J. P. Morgan Trader Says Dimon Needs To Stop Talking ‘Like A Fool’ About Bitcoin

Mark Decambre – Market Watch

Former J.P. Morgan Chase trader Daniel Masters has taken a decidedly different stance on digital currencies than his ex-boss Jamie Dimon.

Masters: “They either need to get with the program and support their clients who want to buy bitcoin, or they need to stop talking about it like a fool. Because those things are not consistent with an organization of that character.

FAO: Well, Jamie started it after all, as he said last month that he would fire any employee trading bitcoin for being “stupid.”

Deals, Investments & M&As

Ripio Raises $31 Million in Private Ethereum Token Sale

Stan Higgins – CoinDesk

Bitcoin startup Ripio has raised $31 million in an advanced sale for a forthcoming blockchain network. Formerly known as BitPagos, the Argentinian startup is raising the funds to build what it calls the Ripio Credit Network, which will utilize as an ethereum token as a medium of exchange between lenders and borrowers.

FAO: New announcement from South America – we had quite a few this week in FinTech Daily News.

Cryptocurrencies

Just SegWit? Bitcoin Core Is Already Working On A New Scaling Upgrade

Alyssa Hertig – CoinDesk

Bitcoin’s core developer team isn’t yet done scaling the cryptocurrency’s protocol.

The Byzantium Countdown: What’s Left Before Ethereum’s Next Fork?

Rachel Rose O’Leary –  CoinDesk

The next major update to ethereum, the world’s second largest blockchain by total value, is set to go live in less than a week.

Exchanges & Trading Venues

‘The Sky Is The Limit’ For Blockchain Technology In Banking: Credit Suisse Banker

Angelica LaVito –  CNBC

Wall Street may not be crazy about bitcoin, but it is intrigued by its use of blockchain technology.

Ethereum First: Investment Product Opens for Trading On Nasdaq Exchange

Ash Bennington – CoinDesk

A first-of-its-kind investment product focused on ethereum is now open to investors on the Nasdaq Stockholm exchange.

FAO: Again ex-JP Morgan trader Daniel Masters. He is the principal at CoinShares, which is launching the exchange-traded note (ETN) for ether.

Vendors

Hyperledger Adds Tradeshift As Premier Member

Business Insider

Hyperledger announced that Tradeshift has joined the project as a Premier member. With a strong focus on global supply chain management and B2B commerce, Tradeshift is a unique addition to the Hyperledger community

BitPeople

Linux Foundation And Hyperledger Launch Blockchain Training Course

Banking Technology

Linux Foundation, along with its Hyperledger Project, are looking to increase the use of blockchain within the enterprise with the introduction of a training course and certification programme designed for those who want to use the technology.

FAO: Sounds like a good approach, totally needed.

Regulation

How Bitcoins Are Mined In Moscow Kitchens

Ilya Khrennikov – Bloomberg (premium subscription)

Russia’s Finance Ministry Proposes Registering Cryptocurrency Miners And Licensing Exchanges

Kevin Helms – Bitcoin.com

At a meeting of regulators, the Russian Finance Ministry proposed to register cryptocurrency miners as well as to license exchanges dealing with them. A State Duma Deputy also made a proposal to officially legalize mining in order to tax miners and to only allow banks to exchange cryptocurrencies to rubles.

FAO: More details regarding Russia’s announced crackdown on the “cryptoverse”. The Russian state “system” has entered the full self-defense mode. Just like in China’s case. Russia went from Team “Pro” to Team “Against” in just a couple of months. Maybe that’s what it took to understand the true potential of cryptos and blockchain, and to act in consequence…  

Ukraine Proposes Law to Completely Legalize Cryptocurrency Transactions

Kevin Helms – Bitcoin.com

The first draft of a bill to legalize all cryptocurrency transactions in Ukraine has been submitted to its Parliament. Initiated by a group of deputies, the bill proposes to define cryptocurrencies including bitcoin as legal properties which can be exchanged for goods and services.

FAO: First legalize it, then tax it…

Analysis

Morningstar Japan Starts Ratings Business For Cryptocurrencies And ICOs

Kevin Helms – Bitcoin.com

The Japanese subsidiary of Morningstar has launched a new business to provide ratings of ICOs. While there is no law in Japan specifically targeting ICOs, their tokens can be subject to various laws such as securities laws and consumer contract law.

FAO: So the “cryptoverse” is big enough since Morningstar is looking at it.

Why Investors Are Going All-In On Bitcoin: Major Japanese Crypto Exchange CEO

Joseph Young – The Cointelegraph

Yuzo Kano, the CEO at Bitflyer, Japan’s largest cryptocurrency exchange with over 800,000 active users, explained how conservative Japanese investors have started to “go all-in” on Bitcoin and cryptocurrencies.

Other news

U.S., Russia In Extradition Tug-Of-War Over Bitcoin Fraud Suspect In Greece

Karolina Tagaris – Reuters

Greek court backed the extradition to Moscow of a Russian citizen who also faces being sent to the United States on allegations of laundering billions of dollars in bitcoin.

DNT: Another episode of this “cold (crypto) war” between Russia and the USA. Check our Archive for the previous events involving Alexander Vinnik, the 38-year-old Russian, the main suspect in a big laundering operation with Bitcoin. I wonder why the Russians want him so bad…

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News