Blockchain Daily News – Edition 77, 20.10.2017
October 20, 2017
Blockchain Daily News – Edition 79, 24.10.2017
October 24, 2017

Blockchain Daily News – Edition 78, 23.10.2017

Blockchain Daily News

by Florin Oprea

Edition 78, 23.10.2017

Fans’ Section

BlackRock Strategist: There’s No ‘Right Or Wrong’ Price for Bitcoin

Nikhilesh De – CoinDesk

The chief investment strategist for BlackRock said in a new interview that he doesn’t know where to peg the “fair” price of bitcoin. Richard Turnill said that cryptocurrencies have experienced “spectacular price increases” in recent months, leading him to conclude: “I would say that cryptocurrencies show many characteristics of a bubble right now.”

FAO: Got that? This is a perfect answer. So BlackRock is again on the topic, after Fink pulled the guns earlier this month.

So our questions are still valid:

– If they (JPMorgan and BlackRock) 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…

Captains Of Finance Dismiss Bitcoin At Their Peril

Zachary  Karabell – Wired

The gaining momentum of digital currencies and the Chinese reinvention of a financial system led not by traditional banks but by technology companies are potent signs that Western financial architecture of the 20th century may not long survive the 21st.

FAO: Ahem…come again? “may not long survive the 21st.”? Yeah, well, the war has already started and the “captains” are just protecting their territory. It must be pretty tough since high-ranking officers are being sent in…

Prince Alwaleed Says Bitcoin Will Implode: ‘Enron In The Making’

Fred Imbert, Evelyn Cheng – CNBC

Saudi billionaire investor Prince Alwaleed bin Talal said that bitcoin will “implode” one day.

“It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision” of any central bank, Alwaleed said.

DNT: Another name on the list…and same old arguments: not regulated, not under supervision…and so on. Really, guys, can you bring a new perspective or some other arguments…It’s a bit obsolete to want everything under control..We are not in the Middle Ages…

FAO: It must be very difficult to understand freedom if you have been a ruler all your life…So let’s see, it has no value if “it’s not regulated, it’s not under control, and if it’s not under the supervision” of central bank…

Cryptocurrencies

Abkhazia Announces ICO To Fund First State-Run Cryptocurrency

Luke Parker – Brave New Coin

The Autonomous Republic of Abkhazia has announced a plan to raise a billion dollars worth of cryptocurrency via an ICO. The breakaway state has long vied for international legitimacy and has struggled to attract investment to fund its internal development projects — a situation it hopes to turn around by creating a state-sponsored cryptocurrency.   

FAO: Experiments in the Russian labs…

DNT: Now, I wonder, since Abkhazia is recognized only by a few countries and, of course, Russia, it may be the influence of “prince” Vladimir?

Coinbase Claims The Bitcoin Gold “Fork” Has Already Taken Place

BItcoin.com

There are some conflicting reports regarding the Bitcoin Gold fork date. This is not entirely surprising, as the project is poorly organized at best. The website claims the “fork” – which isn’t an actual fork – still needs to happen. Coinbase, however, claims this has already begun quite some time ago. It is hard to say who is right here, for obvious reasons. However, it certainly further diminishes any chance of success for BTG.

Exchanges & Trading Venues

Mastercard Launches Its Own Blockchain Payments Network

Lucas Mearian – Computerworld

Following others in the financial services industry, Mastercard unveiled its own blockchain distributed ledger for cross-border payments.

Microsoft CEO Challenges Swift: Build ‘Useful’ Blockchain Applications

Michael del Castillo – CoinDesk

FAO: Experiments everywhere…

Vendors

Your Browser Could Be Mining Cryptocurrency For A Stranger

Lily  Hay Newman  – Wired

FAO: Discusses, among others, the case of Pirate Bay mining for Monero – check it here, in a September edition.

BitPeople

Craig Wright Couldn’t Prove He Invented Bitcoin, But He’s Back Anyway

Jordan Pearson – Motherboard

In the last six months, Wright has returned to the world of Bitcoin with a vengeance. He is the Chief Scientist of a new Bitcoin research company called nChain, which has already filed numerous patents for Bitcoin technology. He tweets with unrestrained contempt for his perceived enemies in Bitcoin. He gives talks at conferences for the online gambling industry while wearing sunglasses indoors.

Interview: Why Brock Pierce Believes Blockchain Could Be Bigger Than The internet

Danny Fortson -The Times (subscription)

Brock Pierce has been making money from make-believe for a long time.

DNT: A very good reason to read this interview.

Latest Developments & Agreements

Dutch Pensions Adapt Blockchain Tech For Fund Administration

Chief Investment Officer

Dutch pension funds APG and PGGM said they have completed the initial phase of a joint experiment involving a blockchain application to develop an advanced pension administration system.

Regulation

Russia’s Government To Test Blockchain Land Registry System

Nikhilesh De – CoinDesk

According to a draft resolution published by the Ministry of Economic Development, the Federal Service for State Registration, Cadastre and Cartography, the Federal Tax Service and the Government of Moscow will assess the trial through July 1, 2018. The ministry will submit and release a final report on the trial by Sept. 1.

FAO: More Russian experiments.

Events

What Happens When You Lock 400 Crypto Nerds In A Room For The Weekend

Kyle Samani  – Forbes

At Eth Waterloo, which was the largest Ethereum (and perhaps the largest crypto) hackathon eve, Over 400 developers from around the world attended.

FAO: Are you a techie? Read this then.

Other news

The Surprising Personality Trait Shared by Bitcoin Lovers and ‘Walking Dead’ Fans

Paul Vigna – Money

For one thing, the success of both is due in some measure to the times in which they both came onto the scene. Bitcoin was unveiled in 2008, at the height of the financial crisis. The Walking Dead premiered in 2010, when millions of people were still suffering from the effects of the global recession brought on by that crisis.

FAO: “Financial zombie” or not, you might want to read this piece…

DNT: Intriguing comparison..

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News