Blockchain Daily News – Edition 72, 13.10.2017
October 13, 2017
Blockchain Daily News – Edition 74, 17.10.2017
October 17, 2017

Blockchain Daily News – Edition 73, 16.10.2017

Blockchain Daily News

by Florin Oprea

Edition 73, 16.10.2017

Fans’ Section

Jamie Dimon Says If You’re ‘Stupid’ Enough To Buy Bitcoin, You’ll Pay The Price One Day

Evelyn Cheng,  Kayla Tausche – CNBC

Boomer Dad Jamie Dimon Can’t Stop Trashing Bitcoin

Bess Levin  – Vanity Fair

Bitcoin Is Doing Well, Despite What Dimon Wants You To Think

Jonathon Trugman – New York Post

The bitcoin battle has divided Wall Street recently, with seemingly bright people having differing opinions.

DNT: Oh, guess who’s back after one day of silence…I guess this tends to become an obsession for Mr. Dimon. Meanwhile BTC hit a new high ($5,855) last Friday.

Oh, and Mr. Dimon is quite honest:  “The other thing I’ve always [said] about bitcoin, governments — and this is not a technological statement — governments are going to crush it one day. Governments like to know where the money is, who has it and what you’re doing with it, in case you haven’t noticed”…

This is the naked truth.

FAO: He seems to know a lot of things about what governments want and what they will do…

FAO: This guy is amazing! Thursday he says he won’t talk about Bitcoin anymore, then Friday he does it again. We started to feel quite anxious about Jamie’s future silence. Phew…now we have a “job” again…

If you’re stupid enough to buy it, you’ll pay the price for it one day”  these are the words of the CEO of the biggest bank in the States…

Oh, and then he said: “This is the last time I’m ever going to answer any questions about bitcoin, because I really don’t care“. WE DON’T BELIEVE YOU, JAMIE!

BlackRock CEO: Bitcoin Is An Index Of Money Laundering

Ali Breland – The Hill

BlackRock CEO Larry Fink: Bitcoin For Money Launderers Only

Jon Buck – The Cointelegraph

BlackRock CEO, Larry Fink, has recently adjusted his perspective on Bitcoin, stating that the cryptocurrency is just a money laundering scheme. Fink had previously made some relatively positive comments about Bitcoin, but has shifted his position.

FAO: Looks like Jamie has found a buddy…We reported Fink’s previous statements earlier this month. We noted back then that his approach was diplomatic. Well, when diplomacy doesn’t work it’s time to get the guns out…

Dimon And Fink Unite On Need To ‘Crush’ Bitcoin

Ben McLannahan – Financial Times (subscription)

Governments around the world will “crush” bitcoin before long, according to two of the most powerful men on Wall Street, who argue that the only real value in the fast-rising virtual currency is as a tool for criminals and money launderers.

DNT: …The Empire Strikes Back.

FAO: There are some questions arising from these two guys’ statements:

– If they don’t consider Bitcoin a threat, and if they “really don’t care”, why do they talk about it so often?

– How do they know what governments are going to do?

– Do you want to add any questions? I am sure you have some. Maybe Jamie will break his promise once again, and send us his answers…

World Bank President: Everyone Is Excited About Blockchain

Nikhilesh De – CoinDesk

The president of the World Bank had some positive things to say about blockchain during a media appearance. Jim Yong Kim said that the technology is “something everyone is excited about” – a statement that he followed up with a cautionary argument about cryptocurrencies.

FAO: Blockchain – good, cryptos – bad…

Deals, Investments & M&As

Princeton Graduates’ Crypto-Currency Wins Backing Of Big U.S. Investors

Gertrude Chavez-Dreyfuss – Reuters

U.S. investors including Digital Currency Group have taken part in a pre-sale of basecoin, a cryptocurrency to be created by three Princeton University computer science graduates, Intangible Labs CEO and co-founder Nader Al-Naji said.

The other investors in Intangible Labs’ basecoin include Bain Capital Ventures, Andreessen Horowitz, and AngelList CEO Naval Ravikant, Al-Naji told Reuters.

FAO: Meanwhile, away from all the Wall Street noise, a new coin is born…

Cryptocurrencies

Ethereum Executes Blockchain Hard Fork To Byzantium

Rachel Rose O’Leary – CoinDesk

Ethereum has officially updated.

Monday at 05.22 UTC, the fifth hard fork to occur on ethereum, the second largest cryptocurrency by market cap, enacted a batch of ethereum improvement protocols (EIPs) designed to improve the platform.

FAO: Hip hip hooray!

Bitcoin Competitors Are Being Built in Ex-Google Coders’ Laptops

Camila Russo – Bloomberg (premium subscription)

Bitcoin’s seemingly unstoppable surge to record highs isn’t deterring competitors.

Exchanges & Trading Venues

Can QUOINE Provide The Missing Link In The Crypto Economy?

The Cointelegraph

To provide global liquidity in cryptocurrencies, QUOINE LIQUID plans to unite all siloed liquidity pools, fiat and crypto currencies under one order book, the World Book.

FAO: QUOINE has entered into a strategic partnership with Bitfinex – press release here

DLT Inevitable In Fixed Income

Shanny Basar – Markets Media

New distributed ledger solutions will be rolled in parts of the fixed income market in the next six to twelve months and widespread adoption is inevitable according to the International Capital Market Association’s latest quarterly report.

Vendors

Ripple Claims Early Victory In Court Fight With Blockchain Rival R3

Jeff John Roberts  – Fortune

Ripple announced it won an important court ruling in a fight over who can keep millions of dollars worth of the digital currency known as XRP.

FAO: R3 sued rival Ripple Labs in state court in Delaware last month. Ripple filed its own suit against R3 in California.

SWIFT Tests Show Blockchain Has Potential For Global Liquidity Optimisation

Swift.com

SWIFT has published an interim report on the proof of concept for real-time Nostro reconciliation using a SWIFT-developed distributed ledger technology sandbox with 33 global transaction banks, as part of its SWIFT gpi service.

Latest Developments & Agreements

Singapore Central Bank, Bank Association, Accenture In Blockchain Tie-up

Gertrude Chavez-Dreyfuss – Reuters

Accenture has been appointed by the Monetary Authority of Singapore and the Association of Banks in Singapore to manage and develop a blockchain-based platform for interbank payments.

FAO: You can find more details about this project in a BDN edition earlier this month.

Regulation

Gibraltar Becomes First Jurisdiction To Regulate Blockchain Technology Such As Ethereum And Bitcoin

PR Web

With the demand for cryptocurrencies heating up worldwide, Gibraltar has made a groundbreaking step towards the future of our global financial markets. Ahead of all other countries, Gibraltar is the first to lay out a complete set of regulations for all forms of Distributed Ledger Technology. These laws will come into effect from the 1st January 2018.

FAO: It will take some time to go through the complete set of regulations. Go Gibraltar!

Regulators Warn Retail Traders Against Cryptocurrencies

Hannah Murphy – Financial Times (subscription)

Online derivatives trading companies are taking advantage of the growth of cryptocurrency markets by allowing retail customers to bet on wildly fluctuating prices, prompting warnings from regulators.

Other news

Surreptitious Cryptocurrency Miners Hide On Politifact And Hundreds Of Other Sites

Devin Coldewey – TechCrunch

Politifact is the latest and perhaps most high-profile website to have hosted code that secretly hijacks visitors’ CPUs to mine cryptocurrency. Driven by a boom in cryptocoin value and a lack of protections against JavaScript routines like this one, this surprising form of audience monetization is now found on hundreds of sites.

FAO: Yeah, Pirate Bay visitors have mined for Monero – check it here, in a September edition.

Opinion

Collaboration FTW: How Blockchain Came So Far, So Fast

Rob Palatnick – CoinDesk

While 2016 was referred to as the year of the blockchain proof-of-concept, 2017 has become the year of the blockchain pilot. While the progress has been remarkable, it’s important to be mindful of the critical role that industry collaboration has played in accelerating development and advancement.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News