Blockchain Daily News – Edition 79, 24.10.2017
October 24, 2017
Blockchain Daily News – Edition 81, 26.10.2017
October 26, 2017

Blockchain Daily News – Edition 80, 25.10.2017

Blockchain Daily News

by Florin Oprea

Edition 80, 25.10.2017

Fans’ Section

What’s With All The Bitcoin Hate?
Ben Popken –  NBC News

It’s a “fraud,” “an index of money laundering,” and “an Enron in the making.” Are they talking about Bitcoin or the latest Mafia bust?

DNT: We asked ourselves several times the same question…This story might give some important clues. Worth reading.

FAO: And to the reading of the above piece you can also add our long-standing questions:

– 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?

There could be a lot of other questions. Don’t hesitate to send us your thoughts on this. It would certainly help this nascent industry.

Here’s Why UBS Is Bullish On Blockchain, But Not Bitcoin

Ryan Vlastelica – Market Watch

Skeptical about buying bitcoin, but think the underlying technology driving the red-hot digital currency has world-changing potential? UBS has such a split view, seeing the cryptocurrency as a dangerous place to put one’s money, even as it expects blockchain technology to revolutionize the world.

DNT: Ohh, UBS feels the need to explain the “blockchain good –  bitcoin bad” concept..Nonetheless, a story with well-conceived arguments that we have already brought into discussion in our previous editions.

Deals, Investments & M&As

Bitcoin Startup Abra Raises $16m Series B From Foxconn, Arbor Ventures, Jungle Ventures, Others

Bhawna Gupta – Deal Street Asia

US and Philippines-based bitcoin startup Abra has raised $16 million in a Series B round led by new investor HCM International, Foxconn’s venture subsidiary. The round was joined by Silver8 Capital, Ignia and return Abra backers – Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau and RRE, according to the company blog.

FAO: Since 2014 digital wallet Abra has raised a total of $30m in five funding rounds.

Cryptocurrencies

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

Jordan Pearson – Motherboard

Techies and investors will be able to choose between Bitcoin (the original version), Bitcoin Cash, and the latest, soon-to-be-created iteration: Bitcoin Gold. As the deadline looms, Bitcoin companies and exchanges are taking sides on whether to support Bitcoin Gold or not.

Bitcoin Retreats As Another Cryptocurrency Offshoot Appears

Justina Lee – Bloomberg (premium subscription)

Bitcoin dropped when the split occurred. Traders discussing yet another split of the digital currency.

Exchanges & Trading Venues

Coinbase, Gatecoin And BTC.com Reveal Segwit2x Splitting Plans

Jamie Redman – Bitcoin.com

A hard fork to increase the block size is planned for the bitcoin network on or around November 16, 2017, at block height 494784, to fulfill the latter half of the so called New York Agreement. With roughly 23 days left until the change and many counter-arguments strewn across the net, many bitcoin-based businesses are starting to reveal fork plans in greater numbers.

FAO: Here we go again…

Perks Of A Follower? HKEX Seeks Second-Mover Advantage On Blockchain

Michael del Castillo – CoinDesk

Thanks to blockchain, the world’s stock exchanges are now being reimagined from the ground up. With fees charged by countless brokers and other middlemen, moving transactions to a shared, distributed ledger has been touted as a way to free up money to be invested in other opportunities.

FAO: More impressions after Swift’s Sibos conference last week. Stock exchanges around the world are looking more and more closely into blockchain.

Vendors

IBM, Amazon & Microsoft Are Offering Their Blockchain Technology As A Service

Divya Joshi – Business Insider

A few companies have already released their blockchain technology as a service.

FAO: IBM revealed last week the results of a partnership with Stellar, a blockchain startup. Read more here.

Hyperledger Grows With 7 New Members

PR Newswire

Hyperledger announced that 7 new organizations have joined the project.

Blockchain Startup Chain Launches Balance Management Cloud Service

Sujha Sundararajan – CoinDesk

Blockchain startup Chain is launching a new cloud-based service called Sequence for managing balances in financial and commerce applications.

FAO: Good tool from Chain. The startup raised $40m since it was founded. Its backers include: Khosla Ventures and RRE Ventures. Chain’s strategic partners include: Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa.

Regulation

Putin Confirms Russia Will Regulate ICOs, Mining By July 2018

William Suberg – The Cointelegraph

Russia’s President Vladimir Putin has signed off on regulation of ICOs and cryptocurrency mining by July 2018. In addition, the government may now legally define the status of various terms related to what the Kremlin describes as “digital technology.”

DNT: An expected move…I presume that the next step will be the introduction of some taxes. A new source for the state budget.

FAO: What about trading? Any word on that? And what about the “cryptoruble”? Ethereum founder Vitalik Buterin recently said that central banks are a long way from digital currency – more about the “cryptoruble” and Buterin’s thoughts – here.

Other news

North Korea Could Be Secretly Mining Cryptocurrency On Your Computer

Joon Ian Wong – Quartz

North Korea has a cryptocurrency infatuation. Its government has been accused of unleashing a global ransomware attack to raise bitcoin, mining the cryptocurrency within its borders, and hacking South Korean bitcoin exchanges. Now, research firm Recorded Future says there’s a strong chance Kim Jong-un’s regime is experimenting with malware that secretly mines currency using other people’s computers.

DNT: OMG…and I was really wondering why my computer’s CPU performance is so low (just kidding). Now seriously guys…North Korea!!!???

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News