Blockchain Daily News – Edition 90, 08.11.2017
November 8, 2017
Blockchain Daily News – Edition 92, 10.11.2017
November 10, 2017

Blockchain Daily News – Edition 91, 09.11.2017

Blockchain Daily News

by Florin Oprea

Edition 91, 09.11.2017

Fans’ Section

Where To, Bitcoin? Price Sees $1,000 Spread As ‘2x’ Averted

Pete Rizzo – CoinDesk

Bitcoin Hits Record High After Developers Call Off Plans To Split Digital Currency

Evelyn Cheng – CNBC

Bitcoin jumped Wednesday after the developers behind an upcoming split in the digital currency through an upgrade called SegWit2x announced they were suspending plans for the upgrade.

DNT: “Where To, Bitcoin?”…A possible answer:…where no coin/asset/commodity has never been before. Star Trek fans surely know this expression.

Philipp Sandner, Frankfurt School Blockchain Center: I think, similar to races of animals in nature, Bitcoin and other crypto currencies will split multiple times in the future – leading to competition (good) and confusion (bad).

FAO: Publishing “official” announcements and then calling them off… we could at least say this looks kind of strange…I am not accusing anybody of anything, of course, but, I mean come on, take a look at the chart below, via coinmarketcap.com. What say you?

Economist Nouriel Roubini Says Bitcoin Is A ‘Gigantic Speculative Bubble’ — Here’s How He Thinks The Crypto-Craze Will Finally End

Damian Szymański –  Business Insider

Nouriel Roubini, who gained fame after predicting the 2008 financial crisis, is living up to his Dr. Doom nickname when it comes to cryptocurrencies. Bitcoin, he said will be regulated to the extent that it will “find its end.”

DNT: For a moment I read Houdini instead of Roubini…My bad. Yeah, guess we can say that we already said that several times in our comments..That’s seems to be the purpose of regulators. Speaking about Houdini..maybe cryptos will be able to find an “escaping act”, just like the famous magician. Anyway, very interesting interview.

FAO: Hmm, let’s see now…

Cryptocurrency Pioneer Sees A ‘Total Bubble.’ Just In A Good Way

Nour Al Ali, Todd White – Bloomberg (subscription)

Cryptocurrency pioneer Joseph Lubin said the market is “totally a bubble” — insisting that’s a healthy signal.

FAO: See, everybody says it’s a bubble…even the true fans…

Cryptocurrencies

Hundreds Of Millions Of Dollars In Ethereum Frozen In ‘Accidental’ Coding Mistake

Mike Murphy – MarketWatch

Up to $300 million in ether, the cryptocurrency on the Ethereum platform, was frozen in a potentially catastrophic coding mistake.The lockdown affects those using multisignature wallets — which require multiple parties’ consent as an added security measure — run by Parity Technologies and deployed after July 20.

Philipp Sandner, Frankfurt School Blockchain Center: Code is law – as the designers wanted it to be…

Ethereum Security Lead: Hard Fork Required To Release Frozen Parity Funds

Rachel Rose O’Leary – CoinDesk

A resolution has yet to be found for the Parity hack which saw up to $150 million frozen across the ethereum platform. However, Martin Holst Swende, head of security for the Ethereum Foundation, confirmed that a hard fork of the ethereum blockchain will be required to free up the funds.

FAO: Quite messy affair…

Ethereum Creator Wonders Whether His Currency Should Be Scarcer

Matthew Leising – Bloomberg (subscription)

Vitalik Buterin helped sell one of the first digital currencies in 2014 when he introduced ether to the public. Three years later he’s witnessed scads of other digital currencies raise more than $3 billion in 2017 via so-called ICOs. The sheer number of coins now being created has made him ponder the previously imponderable: limiting the supply of ether.

CBOE Readies Bitcoin Futures

Rob Daly – Markets Media

The CBOE Futures Exchange on which the contract would trade is operationally ready, according to CEO Edward Tilly. However, the exchange operator is waiting for the US CFTC to grant its final approval.

DNT: Ready, steady….steady…Go? Oh, just a second, CFTC has not snapped the gun yet. And, according to CEO Edward Tilly, “It is very difficult for us to gauge when the regulator makes a decision.”

Bitcoin ETFs Are Likely To Follow Futures, CBOE President Says

Brian Louis – Bloomberg (subscription)

CBOE Global Markets sees bitcoin exchange-traded funds on the horizon.

DNT: A Bitcoin ETF could be a really “blockbuster”.

FAO: New details regarding CME’s planned futures contract emerge – read the story below! Clearly, the race is on! CBOE, CME want BTC products…What do you think is next? Could be useful if you read Leo Melamed’s opinion once again – reported yesterday, in Fans’ Section

CME’s Planned Bitcoin Futures Will Attempt To Rein In Big Price Swings

Evelyn Cheng – CNBC

The world’s largest futures exchange wants to guard against extreme volatility in its planned bitcoin futures product. CME will implement special price fluctuation limits at 7% and 13% above or below the prior settlement price, and prevent trading outside the 20% range, according to details the exchange released.

Exchanges & Trading Venues

Waves Set To Become Fastest Decentralized Blockchain Platform Globally

Roger Aitken – Forbes

Waves is implementing new technology to enable the network to process “thousands of transactions” per minute and become the fastest decentralized blockchain platform in the world.

FAO: What’s even more interesting is that Waves has announced earlier this year that it’s working with Russia’s central depository, the National Settlement Depository (NSD), to develop a digital platform for digital assets.

Startups, Accelerators & Hubs

Russia Eyes Cryptocurrency Dominance

Clare Sebastian – CNN

Dmitry Marinichev, President Putin’s internet ombudsman  is currently building what’s called the Russian Mining Center, a project he hopes will put Russia on the cryptocurrency map.

FAO: I am sure you all know Russia’s plans regarding cryptocurrencies. They had mixed feelings about them and then decided to create its own coin…Use the Archive

Analysis

Bitcoin Is Soaring Because A Hard Fork Has Been Averted

Joon Ian Wong – Ouartz

Bitcoin Expansion Is Off the Table. At Least for Now.

Nathaniel Popper –  The New York Times

A long-running civil war over the design of Bitcoin appears to be over for now, after one side in the fight acknowledged on that it had not won sufficient support from other virtual currency backers.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News