by Florin Oprea
Arjun Kharpal – CNBC
WikiLeaks founder Julian Assange claims his organization has made a 50,000% return on bitcoin after investing in the cryptocurrency in 2010 — and it’s all thanks to the U.S. government.
DNT: WHOAAAA… and again whoaa…After I was left speechless for a few moments, two sayings came to my mind: “they fear those with knowledge and control those without it” – and the words of Ronald Reagan: “The most terrifying words in the English language are: I’m from the government and I’m here to help”.
FAO: That surely doesn’t sound very “stupid” to me…Oh, I wonder how this return sounds to Jamie, who btw seems to know one or two things about how governments tend to act too – don’t get it? Read yesterday’s bulletin on our website.
Jeff John Robert – Fortune
What does the former head of the Federal Reserve think of a digital currency that operates outside the control of central banks? The answer, unsurprisingly, is not much.
“Bitcoin is an attempt to replace fiat currency and evade regulation and government intervention. I don’t think that’s going to be a success,” Bernanke said.
FAO: Reading this kind of titles every day I come to think that state propaganda issued by China and/or Russia against cryptos is far more better…
DNT: I will have a child reaction on this: Look mum, another one!
Seriously, are recruitments being made for the army of financial system gatekeepers? The following story confirms it.
Thomas Franck – CNBC
Bitcoin is a fad, just like bimetallism before it, according to one Nobel Prize-winning economist. Robert Shiller, compared the cryptocurrency to the bimetallism fad of the late 19th century when both gold and silver were accepted as legal tender.
DNT: Fad or not, Shiller also said “I’ll take bitcoin, too, because I know I can sell it and get out of it. There seems to be some strange enthusiasm for it.”
That says all.
FAO: Here’s a question for Jamie: If Shiller wants to buy BTC does it mean this Nobel Prize-winning economist is stupid too? Here’s the thing that only Jamie refuses to understand: “I know I can sell it and get out of it.”
John Detrixhe – Quartz
Antony Jenkins: “I am long bitcoin. I think there’s clearly a bubble going through the market, but like all of these technologies, it’s the learning that comes with it. Over time I think those currencies are going to be important. It wouldn’t surprise me at all if we see some kind of boom and bust behavior, but that is to be expected in something as new as this”.
DNT: After so much negativity, it is the time for a somehow proactive opinion…Nice interview.
FAO: Jenkins became quite a regular presence in our bulletins. He recently (reported here in FinTech Daily News) received $46m for his fintech startup, 10X Future Technologies, which wants to help banks revamp technology.
J.P. Morgan said it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group.
DNT: Yeah, like Julius Caesar said “I love treason (Editor’s note: read “blockchain tech”) but I hate the traitors (Editor’s note: read “cryptocoins”)”. What say you, Mr. Jamie?
FAO: Oh so this is why “blockchain is good, and bitcoin is bad” as Jamie put it (twice)…Here’s a possible scenario: his team strongly recommended him to “Just don’t talk about Bitcoin anymore” since they were afraid he says something “clever” (Editor’s note: read “stupid”) about blockchain too, ahead of the above announcement.
Anna Irrera – Reuters
Digital Asset Holding (DAH), a blockchain startup funded by some of the world’s largest banks, has raised $40 million as it expands globally.
FAO: DAH is led by Blythe Masters, a former employee of Jamie. The company is currently working with the Australian Securities Exchange to find a solution for replacing CHESS, the exchange’s clearing and settlement system. More about the status of the project – here.
The current funding round was led by Jefferson River Capital, the family office of Tony James, president and COO of PE company firm Blackstone. Total funding of DAH reaches $110m.
Jenna Dagenhart – Bloomberg (premium subscription)
While Wall Street has had trouble minting a bitcoin exchange-traded fund, a closed-end fund based on the cryptocurrency may be just a year away.
In one of the first investments of his high-profile $500 million crypto hedge fund, Mike Novogratz and Galaxy Digital Assets has invested into the huge and under the radar Worldwide Asset eXchange, which looks to disrupt the $50 billion ‘gaming skins’ market
Devin Coldewey – TechCrunch
Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency.
DNT: In a comment above, Florin pointed out that “state propaganda issued by China and/or Russia against cryptos is far more better” compared to the one of US of A. It seems that the Russians have a good reason for it: to build a state – controlled crypto. Kill the revolution with its own weapons and then use its ideas.
FAO: It was a crazy year in the “Russia & cryptoverse” relationship. It was a first date (Putin met Ethereum founder, Vitalik Buterin, in June) when they fell in love, and soon a lot of love statements followed. Something went wrong and the status of their relationship changed to “it’s complicated”; that’s when various high-level Russian officials started to “express” their “mixed feelings” for the cryptoverse. Finally they separated, and now Putin wants another “crypto-friend” – a Russian one.
It was all a bit chaotic, if you ask me. It’s not very clear how the CryptoRuble will work and what purpose will it serve. One thing seems clear: undocumented CryptoRubles will simply be exchanged with a 13% tax. TA DAA – problem solved!
Oh and another thing, even TechCrunch can’t explain: “This tax will also be applied to any appreciation in value, although it’s unclear how or if the coin will be tied to the fiat currency.”
Tony Yoo – Business Insider
A group of fintech startups have submitted cases to the Reserve Bank of Australia and the federal Treasury to demonstrate the need for a new government-endorsed Australian dollar cryptocurrency.
Jon Russell – TechCrunch
Michael del Castillo – CoinDesk
Big Blue is making what could be considered its first public foray into cryptocurrency.
In the kind of unveiling that can only come before one of the biggest events in global finance, IBM revealed at Sibos 2017 the results of a partnership with blockchain startup Stellar in which it successfully settled real transactions using the company’s custom cryptocurrency, lumens.
FAO: And Stellar Lumens went to the moon yesterday, gaining more than 100% in 24h…
Bain Capital Ventures and Andreessen Horowitz have participated in the pre-sale of a new crypto-currency called basecoin, the companies have confirmed.
FAO: We will watch this closely. More about basecoin – in yesterday’s bulletin.
DURHAM, issued a press release intended to provide stockholders and the investment community with clear metrics regarding the present status of its cryptocurrency business.
Via CoinDesk – ColliderX blockchain R&D hub founder, Iliana Oris Valiente, named managing director and global blockchain innovation lead at Accenture.
DNT: As we are informed, she will also serve as blockchain advisor to the firm’s strategic growth initiatives steering committee.
FAO: She will have a busy schedule since Accenture has been appointed (reported yesterday) by the Monetary Authority of Singapore and the Association of Banks in Singapore to develop a blockchain platform for interbank payments.
Sumit Chakraberty – Tech In Asia
Until the start of this year, less than US$300 million had been raised through ICOs. As of October 11, that figure had reached US$2.67 billion, according to Coindesk’s ICO tracker.
Panos Mourdoukoutas – Forbes
China killed Bitcoin’s buzz before, and it may kill it again this week. That’s why Bitcoin traders should keep a close eye on Beijing this week, where China’s top officials are gathering for the opening of the 19th national congress of the Communist Party of China.
DNT: …a big round of applause for the unity of the party…hooray, hooray..Yeah, I’am being sarcastic.
FAO: Will they rush to announce the “cryptoyuan/”cryptorenminbi”?
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News