Blockchain Daily News – Edition 78, 23.10.2017
October 23, 2017
Blockchain Daily News – Edition 80, 25.10.2017
October 25, 2017

Blockchain Daily News – Edition 79, 24.10.2017

Blockchain Daily News

by Florin Oprea

Edition 79, 24.10.2017

Fans’ Section

Wolf Of Wall Street Jordan Belfort Says ICOs Are ‘The Biggest Scam Ever’

James Titcomb  – The Telegraph

The American stockbroker immortalised in the film The Wolf of Wall Street has warned that the craze for ICOS has become “the biggest scam ever“.

Jordan Belfort said ICOs, are “far worse than anything I was ever doing“.

DNT: This statement sound like an wolf saying, with a smile on his teeth, that it is a vegetarian. And we all know that, sometimes, wolfs can wear sheep’s clothing…So, the BIG question is: can we really trust a “wolf’?

FAO: What’s the value of these words (or any) considering their are coming from this guy’s mouth? Just asking…

Bitcoin ‘Doesn’t Solve A Main Need In Society Right Now,’ Says Royal Bank Of Canada CEO

Hollie Wong, Tom Chitty – CNBC

Royal Bank of Canada CEO, David McKay, is joining in calls to question the utility and legitimacy of bitcoin.

McKay: “The purpose it [bitcoin] seems to serve today is really to help move money in a hidden way and facilitate, potentially facilitate, criminal activity of moving money in an undetected way.

I think some people will call it a fraud. I don’t think it’s fraudulent … But it doesn’t solve a main need in society right now.”

DNT:  Yeah, and banks do…right? But they need blockchain. 🙂 I propose to found a club: “Jamie’s friends”…The entrance (member) fee: a bitcoin fraction. Mr. Dimon and his friends can borrow from his daughter.

FAO: Ok, thanks for your thoughts, Mr. McKay. The list of prominent figures in banking is growing by the day. Q for Mr. McKay: if “it doesn’t solve a main need in society right now” WHY ARE YOU TALKING ABOUT IT?

Cryptocurrency Companies Forced To Bank Outside UK

Martin Arnold – Financial Times (subscription)

UK Regulator: DLT Startups Are Being Denied Banking Services

Nikhilesh De – CoinDesk

U.K. startups working with distributed ledger technology are having problems accessing traditional banking services, according to a report issued last week by the U.K. Financial Conduct Authority. The FCA did not name the startups involved or the banks that denied them services.

FAO: The “banking system’s” self-defense measures activated…

JPMorgan Head Jamie Dimon Should Learn About Bitcoin, Says Wamda Capital’s CEO

Lisa Froelings – The Cointelegraph

Wamda Capital’s CEO, Fadi Ghandour, has suggested JPMorgan Chase head Jamie Dimon should learn more about Bitcoin and other digital currencies before making negative statements against them. According to Ghandour, Dimon should realize that the cryptocurrencies and Blockchain technology are here to stay.

DNT: I totally agree…

FAO: And he is not the only one…btw did you listen to Jamie speaking on the topic?

Russian Entrepreneur Registers Bitcoin, Ethereum Patents For Vodka

William Suberg – The Cointelegraph

Russia is hosting a different kind of battle between crypto and fiat currency, with consumers soon to face Bitcoin and Ethereum vodka. An entrepreneur from the city of Ekaterinburg has delivered three patent applications for Bitcoin, Ethereum and Ethereum Classic to become the brand names of the country’s famous spirit.

DNT: No comment, except: cheers!

FAO: This will surely loosen things up a bit. It certainly deserves a ‘shot”!

Cryptocurrencies

A Second Bitcoin Fork Is Looming And Battle Lines Are Being Drawn

Jordan Pearson – Motherboard

Bitcoin Gold: What To Know About the Blockchain’s Next Split

Alyssa Hertig – CoinDesk

Anyone who owns bitcoin will soon be able to receive a new cryptocurrency. As of block 491,407 on the bitcoin blockchain, another alternative version of the protocol will be launched, resulting in a variant that’s being branded bitcoin gold.

FAO: #ohboy…

Exchanges & Trading Venues

Cryptocurrencies Move A Step Closer To The Mainstream

Aaron Brown – Bloomberg (premium subscription)

The opening of the LedgerX platform creates the possibility of large-scale trading among traditional financial institutions.

FAO: Did you hear that, Jamie? Oh, and since everybody is telling Jamie to start reading – here’s a good start. Can somebody send him this story? Earlier this year we mentioned LedgerX’s breakthrough in being licensed for clearing derivatives on cryptocurrencies.

Vendors

R3 Files Patents For ‘Dynamic’ DLT Recordkeeping

Nikhilesh De – CoinDesk

Consortium startup R3 has filed two patent applications detailing its work on applying distributed ledger tech to “dynamic” agreements between financial institutions.

BitPeople

Bitcoin Pioneer Says New Coin To Work on Multiple Blockchains

Olga Kharif – Bloomberg (premium subscription)

Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings firsthand. So he decided to create a better digital currency.

Latest Developments & Agreements

Wirex And SBI Holdings Team On Japan Cryptocurrency Payments Card

Finextra

UK-based Wirex has formed a joint venture with fintech investing powerhouse SBI Holdings to launch a cryptocurrency payments card in Japan.Wirex already offers a Visa-backed cryptocurrency debit card but the new JV, called SBI Wirex Asia, will soon roll out a Yen denominated option. In addition, the partners plan to move into other Asian markets.

Regulation

Cryptocurrencies ‘Not Mature Enough’ To Assess Impact: Saudi Arabia Regulator

Arjun Kharpal – CNBC

Abdulmalik Al-Sheikh, senior advisor at the Saudi Arabian Monetary Agency said cryptocurrencies are not something the body is looking to regulate right now.

Analysis

Global Blockchain Technology Market Will Reach $7.74 Billion By 2024.

Angela Scott-Briggs – TechBullion

A report by Grand View Research Inc. predicts that the global blockchain technology market will reach $7.74 billion by 2024.

FAO: Say what? How about that, Jamie?

Other news

Why Everyone’s Talking About Bitcoin And Zimbabwe

Matt Clinch – CNBC.com

A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing.

FAO: Another Q for RBC’s CEO, David McKay: Don’t you think that bitcoin is actually “solving a main need” in this African country?

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News