Blockchain Daily News – Edition 75, 18.10.2017
October 18, 2017
Blockchain Daily News – Edition 77, 20.10.2017
October 20, 2017

Blockchain Daily News – Edition 76, 19.10.2017

Blockchain Daily News

by Florin Oprea

Edition 76, 19.10.2017

Fans’ Section

We Asked Cryptocurrency Experts To Respond To Jamie Dimon’s Bitcoin Bashings – Here’s What They Said

Frank Chaparro – Business Insider

Samson Mow, the CSO of Blockstream: “Governments may dislike crypto, but the degree to which they can impact the digital currency is limited” (FAO: Did you hear that, Jamie? Take notes…please)

DNT: …and there are many more interesting opinions. Worth every minute of reading.

FAO: I know what Jamie would have to say about these remarks: “YAPYAP, Blockchain Good, Bitcoin Bad”.

Deals, Investments & M&As

Crypto Venture Firm Blockchain Capital Is Raising $150 Million For Two Funds

Ari Levy – CNBC

Blockchain Capital is setting out to raise $150 million in two funds, with plans to invest in companies and emerging cryptocurrencies.

FAO: “emerging cryptocurrencies” – just like Bitcoin once was…Did you hear that, Jamie?

Cryptocurrencies

Ethereum Founder: Central Banks Are A Long Way From Digital Currency

Jeff John Roberts – Fortune

Vitalik Buterin isn’t worried about coming competition from the central banks of the world.

Buterin downplayed the possibility of countries creating digital versions of their currencies that could rival or displace Bitcoin or Ethereum.

FAO: I share his thoughts. Take Russia’s recent announcement as an example: there is no sign the “CryptoRuble” will be tied to the Ruble. So then what will be the purpose of this cryptocoin, besides that of becoming a source of revenue for the state thanks to a 13% tax applied on exchanges of undocumented coins? Now let’s wait for more details from them and let’s also watch China’s steps after their Communist Party Congress which started today…

DNT: Mr. Vladimir Putin hit the dislike button on this one. Chinese officials too…

Enterprise Ethereum Alliance Adds 48 New Members

Stan Higgins – CoinDesk

Forty-eight companies have joined the Enterprise Ethereum Alliance, including Hewlett-Packard spin-off HP Enterprise.The list of new members is varied, drawn from the blockchain startup ecosystem as well as the IT, finance and academic worlds.

Upgrade Complete? Ethereum’s New Software Isn’t Quite Stable Yet

Rachel Rose O’Leary – CoinDesk

Ethereum’s fork may have executed earlier this week, but that doesn’t mean developers are ready to call the software transition complete.

Exchanges & Trading Venues

Algorithmic Trading Platform Integrates GDAX Exchange API

Stan Higgins – CoinDesk

Coinbase’s GDAX announced that algorithmic trading platform QuantConnect has integrated with the cryptocurrency exchange. The addition of GDAX will see the open-source trading platform extend its existing services to include cryptocurrencies though the exchange’s API.

FAO: GDAX offers trading of BTC, ETH and LTC on its platform.

Payments Canada, Bank Of Canada And TMX Group Announce Integrated Securities And Payment Platform As Next Phase Of Project Jasper

Newswire

Payments Canada, the Bank of Canada and TMX Group announced a new collaboration to experiment with an integrated securities and payment settlement platform based on distributed ledger technology as part of the third phase of the Project Jasper research initiative.

Vendors

AlphaPoint Utilizes Intel Security Technology To Deliver Enterprise-Ready Blockchain Platform

Nasdaq GlobeNewswire

AlphaPoint announced the AlphaPoint Asset Digitization solution making illiquid assets liquid by facilitating the digitization of assets and launching new markets.

BitPeople

Via TechFinancials – Ex-StrateCSD CEO, Monica Singer, Joins New York-based Ethereum Startup as “Blockchain Ambassador.

This Techie Is Using Blockchain To Monetize His Time

Scott Rosenberg – Wired

Evan Prodromou is minting the hours of his life into a cryptocurrency called Evancoin.

FAO: Got a side note from my editor, Decebal, saying: ”This is a really cool story!” How do you find it?

Regulation

CFTC Aligns With SEC: ICO Tokens Can Be Commodities

Stan Higgins – CoinDesk

CFTC has revealed it may consider tokens issued through ICOs as commodities.

Are the Stances Of The CFTC And SEC Regarding Cryptocurrency Inconsistent?

Aziz Abdel-Qader Finance Magnates

LabCFTC published some guidelines on cryptocurrency, particularly those related to the agency’s engagement and exposure over the asset class.

CFTC’s jurisdiction is implicated when a virtual currency is used in a derivatives contract, or if “there is fraud or manipulation involving a virtual currency traded in interstate commerce.”

Beyond these instances, the CFTC does not oversee spot or cash transactions involving virtual currencies that do not utilize margin or leverage.

DNT:Are the Stances Of The CFTC And SEC Regarding Cryptocurrency Inconsistent?” – absolutely rhetorical question.

FAO: Told you (at least here) they were “cooking” something in their “labs”. Meanwhile in Japan, the leader of the free blockchain world…

Bitcoin Gets Official Blessing In Japan

Emiko Terazono – Financial Times (subscription)

Entrepreneurs do not often welcome regulation. For Japanese cryptocurrency start-ups, however, a framework put in place by the country’s financial authorities has been a boon.

Analysis

Bitcoin Briefly Plunges Nearly 9% On Fears Of Greater Oversight From US Regulators

Evelyn Cheng –  CNBC

Bitcoin fell Wednesday after indications of greater scrutiny from U.S. regulators.

FAO: Yeah, but now it’s back in its track.

Why Silicon Valley Is Going Gaga For Bitcoin

Nick Bilton – Vanity Fair

Cryptocurrencies are on a historic tear right now. And Silicon Valley’s infatuation with the industry explains a lot about itself.

FAO: Today’s must-read!

Other news

Virtual Currency Boss Held For Fraud

The Japan News

Police arrested a 31-year-old man for allegedly swindling money he collected from a customer while operating an exchange handling virtual currency Ripple. The suspect is Yuki Takenaka, head of Ripple Trade Japan. Takenaka has largely admitted the charge, according to investigative sources.

Opinion

Is Bitcoin Benefiting From The ICO Crackdown?

Charles Bovaird  – Forbes

According to several analysts, the answer to this question is yes. However, not everyone agrees, and for some, the situation is a bit more complicated than a simple “yes” or “no” reply.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News