by Florin Oprea
Evelyn Cheng – CNBC
William Suberg – The Cointelegraph
JPMorgan CEO Jamie Dimon has said he is “not going to talk about Bitcoin anymore” as the company says it is “open-minded” about cryptocurrency. Dimon, who caused a Bitcoin flash crash when he described it as a “fraud,” appears to have lost faith in his own judgment.
FAO: Jamie’s words clearly backfired. So Jamie was, most probably, advised by his own team to do something very smart when talking about BTC – SHUT UP! Curious to know how that went…That’s what happens when your “big mouth” is starting to affect your team, the company you represent, your board and your shareholders.
DNT: I have mixed feelings about this. On the one hand, we lose an important source of entertainment, or we could say infotainment, and anyway, after the initial negative effect, the market’s reaction reversed – BTC continued its growth. On the other hand, it is good when you do not persist in an error of approach, even if you strongly believe in it. Nevertheless, we have to say thank you, Mr. Jamie…I guess you read our bulletin after all. Oh, all of those memes…
Eugene Kim – CNBC
Despite all the hype around ICOs this year, U.S. regulators have yet to offer specific rules on what’s legal and what isn’t. So a growing number of crypto start-ups are taking compliance into their own hands.
FAO: Something is clearly “cooking” in the SEC and CFTC “labs”. Fun fact: CFTC recently launched a major fintech initiative named LabCFTC. The propagation speed of the ICO phenomenon has took them by surprise, but something tells me they will address this “issue” very soon.
DNT: Rules are indeed necessary, but it’s better this way. Fewer reasons are given for a forceful intervention of regulators.
CoinLaunch announced the first end-to-end ICO platform that allows anyone to build, deploy and monetize compliant ICOs through an easy-to-use web-based service. The platform focuses on three groups of cryptocurrency users: ICO creators, funders and promoters.
Andy Gordon – Investment U
British government may not know what to make of cryptocurrencies.But hedge funds do. They’ve already made up their minds.
Jamie Redman – Bitcoin.com
The website operators believe the 2MB fork is not supported by the majority of users and developers within the bitcoin ecosystem, and therefore consider the Segwit2x project a shift towards an incompatible “altcoin.”
FAO: Meanwhile BTC reached $5800…
Rachel Rose O’Leary – CoinDesk
Signs are beginning to show ethereum’s next big upgrade might not be as smooth as expected.
Jeff John Roberts – Fortune
Rachel Rose O’Leary – CoinDesk
Cryptocurrency exchange startup Coinbase has announced that some users will now be able to access “instant” purchases of bitcoin, ethereum and litecoin.
FAO: Major shift for Coinbase, although the feature is available only using a US bank account.
Leading fintech company QUOINE has entered into a Memorandum of Understanding with ULS Group to create the QASH Blockchain, which QUOINE has unveiled in its product roadmap whitepaper.
Compliance and KYC specialist Accuity has integrated its financial crime screening suite with R3’s distributed ledger technology platform, Corda.
Ryan Browne – CNBC
Governments around the world are right to step up regulatory pressure on ICOs, said the CEO of blockchain firm Ripple. Brad Garlinghouse, whose company is the owner of the third-largest cryptocurrency by market capitalization, XRP, questioned whether new digital currencies were “solving real problems.”
FAO: Ahem…check my comments in the “Deals” section regarding SEC and CFTC…
Wolfie Zhao – CoinDesk
China may not recognize bitcoin as a legal currency, but it seems to have a clear vision for a state-issued alternative.
FAO: Here’s a translation: “ban it if you can’t control it”. Mr. Yao Qian is the Director of the Digital Currency Research Institute under the People’s Bank of China, and his statement follows, more or less, the line drawn by China state propaganda.
Kenneth Rapoza – Forbes
“The ruble is the only transactional currency allowed in Russia as far as we are concerned,” says Ksenia Yudaeva, the first deputy governor of the Central Bank of Russia.
FAO: Same mentality, different approach and words. Russia hasn’t banned ICOs nor the trading of cryptos in exchanges, for now, but the statements issued by Central Bank reps and by Putin himself point in only one direction. Russia is working on rules & regs for the “crytpoverse” and its NSD (National Settlement Depositary) is working with blockchain firm Wave to test cryptocurrency trading and settlement. There is a huge potential in the “cryptoverse” and the most powerful countries in the world are currently working on methods to get the most out of it. The nature of these methods derives from each country’s “standards”. Meanwhile cryptocurrency market cap reached $172B. Looks pretty “juicy”…
Edward Kelso – Bitcoin.com
The SEC continues to frustrate would-be bitcoin exchange applicants who are now withdrawing. Even its former head has doubts about the SEC’s competence when it comes to bitcoin.
DNT: “Even its former head (editor’s note – Arthur Levitt) has doubts about the SEC’s competence when it comes to bitcoin.”
I think this phrase resumes perfectly the present situation regarding cryptos regulation.
FAO: Tell you what, let’s move to Vanuatu and “forget about it”.
Natalie Obiko Pearson, Brandon Kochkodin – Bloomberg (premium subscription)
Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world’s largest gold companies, is digging for another kind of gold: cryptocurrencies.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News