by Florin Oprea
Julia Limitone – Fox Business
Arjun Kharpal – CNBC
People are “underestimating” bitcoin and it has “great potential left” billionaire investor Peter Thiel said.
Thiel: “I’m skeptical of most of them (cryptocurrencies), I do think people are a little bit … underestimating bitcoin especially because … it’s like a reserve form of money, it’s like gold, and it’s just a store of value. You don’t need to use it to make payments.”
FAO: If Peter was an JPMorgan employee I am sure Jamie would have fired Peter INSTANTLY after such a statement. Dunno how Peter managed to become one of the most successful billionaire in the world with such a thinking…Yeah, I am just being sarcastic!
DNT: In our yesterday bulletin we had a story about BTC vs. GOLD – store of value vs. medium of exchange. Compared to gold, BTC can be, however used to make payments. Now, that’s really cool, ‘cause that means it can be both: a medium of exchange and a store of value as well. Depends of the holders plans & interests.
Brian Kelly – Forbes
DNT: After the horde attacks of BTC contenders, we finally have a counter-offensive. Well-argued, by the way.
FAO: Now here are some thoughts for all the users of “blockchain good, bitcoin bad” phrase and its derivatives:
Brian Kelly: “Bitcoin accomplishes this disruption not just with blockchain technology but also with the global decentralized currency also called Bitcoin. The currency “Bitcoin” is the incentive for anyone in the world to run the software that changes the way the financial system works. Banks love blockchain because they get to continue to maintain the ledger of transactions by running the software on their own computers. But Bitcoin creates competition for the banks in the form of anyone with a computer and an internet connection..”
Stan Higgins – CoinDesk
New York-based blockchain startup Templum has raised $2.7 million in a new seed funding round.
Brady Dale – CoinDesk
FAO: Soon, very soon, we will come to a stage when we won’t be able to report the launch of all these platforms and funds. You know why? Because they will be too many. And that’s because, at that stage, the “cryptoverse” will be VERY BIG.
Josiah Wilmoth – Cryptocoins News
Coinbase has clarified its position on the upcoming SegWit2x hard fork, stating that it will use accumulated network difficulty to determine which blockchain the company will label “Bitcoin” following the fork.
Coinbase: “[After the fork] We are going to call the chain with the most accumulated difficulty Bitcoin. We will make a determination on this change, once we believe the forks are in a stable state. We may consider other factors such as market cap or community support to determine stability.”
FAO: Many thanks for clarifying this.
Chairman of the National Bank of Kazakhstan Daniyar Akishev warned the citizens of risks associated with the cryptocurrency.
DNT: Yet, Kazakhstan officials declared (find here) that what to create a state-issued crypto….How’s that coming?
FAO: Was he also scratching his head while saying this? Hmmm…
Michael del Castillo – CoinDesk
Russia’s largest clearing and settlement company has issued its first-ever live bond using blockchain, and already, issuers and brokers are wanting in on the action.
FAO: More about NSD’s project – here.
Makail Johannesson – Market Watch
Several times a year, Warren Buffett invites business students to Omaha, Neb, to listen to the Oracle himself.
Unsurprisingly, Buffett thinks coin offerings will end badly. “People get excited from big price movements, and Wall Street accommodates”, he said.
Buffett: “You can’t value bitcoin because it’s not a value-producing asset.”
FAO: Indeed nothing surprising in his thinking…
Alun John, Andrew Barclay – SCMP
Hong Kong Monetary Authority has announced new agreements with Singapore and the city of Shenzhen to encourage further collaboration on fintech development.
FAO: More details emerge after the announcement the other day…Looks pretty big actually. So here we are. Here’s an update on how our “Crypto-Teams” look now – and we can scale it to a:
Crypto-Teams BDN Global Outlook
Team “Pro”: Japan, Hong Kong + Singapore, Australia, United Arab Emirates, Bahrain, Cambodia, Kazakhstan, Taiwan
Team “Against”: China, India, Russia, Malaysia, South Korea, Indonesia
Team “Neutral”: EU, USA, Canada
Do you find our outlook accurate? Want to change/add anything to it? Send us your arguments. Contact us!
Arjun Kharpal – CNBC
Singapore will conclude its experiment with blockchain technology and its own digital currency next year before deciding whether to commercialize the trial, the country’s regulator has told.
FAO: The Monetary Authority of Singapore (MAS) has announced Project Ubin this summer. Partners in the project: R3, BAML, JPMorgan, Credit Suisse, and Mitsubishi UFJ Financial Group.
Liz Moyer – CNBC (video)
Bitcoin’s meteoric rise in price this year is backing people into two camps: the deeply suspicious and the incredibly enthusiastic.
DNT: An interesting “confrontation” between Andrew Left, a BTC critic, and Tom Lee, a BTC supporter.
Lynsey Barber – City A.M.
Despite the “genuine excitement” over the technology’s potential, analysts believe the technical difficulty of implementing it will delay its progress.
DNT: Have you ever noticed that most skeptical opinions come from the banking sector? No offense for those of you who are working in banks…Overhyped or not, this technology is the future. And is badly wanted by the banks too.
Matthew Allen – Swissinfo.ch
Allegations of corporate misconduct surrounding the new cryptocurrency Tezos have brought the threat of class-action lawsuits in the United States. The fall-out centres on the Zug-based Tezos Foundation that houses $400m of publicly-raised funds.
Annaliese Milano – CoinDesk
Two European energy providers tested a new blockchain-based trading platform earlier this month.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News