Blockchain Daily News – Edition 96, 16.11.2017
November 16, 2017
Blockchain Daily News – Edition 98, 20.11.2017
November 20, 2017

Blockchain Daily News – Edition 97, 17.11.2017

Blockchain Daily News

by Florin Oprea

Edition 97, 17.11.2017

Fans’ Section

Square CFO: We’re Experimenting With Bitcoin To See If It’s ‘Real’

Elizabeth Gurdus – CNBC

Square’s latest venture into the world of bitcoin is less of a validation of the popular cryptocurrency than it is a testament to innovation  Square CFO Sarah Friar said.

Sarah Friar: “We’re a payment innovator. And therefore I think it behooves us to always know, where are our payments going?” …”When we develop products at Square, we spend a lot of time listening to what our customers want, and what we heard from individuals – so this isn’t sellers asking to accept bitcoin, this is individuals using Square Cash to make payments … saying, ‘We want an easy way to buy and sell bitcoin.‘”

DNT:  We chose today a slightly different story from the usual pattern of this category. The reason? Cryptos are innovation and financial revolution. And it is a good thing when a payment innovator listen what customers want. So, we’re looking forward to see the results of this “experiment’…More about Square Cash app a few lines below, in Cryptocurrencies category.

Deals, Investments & M&As

ICO Platform COMSA Attracts Over $95M In Token Sale

Econo Times

Comsa, a complete Initial Coin Offering fundraising and cross-chaining platform built on the NEM blockchain protocol, has raised over $95 million in its CMS token sale.

Cryptocurrencies

Ethereum Wallet Company Knew About Critical Flaw That Let A User Lock Up Millions

Jordan Pearson – Motherboard

After someone going by “Devops199” managed to permanently lock up millions of dollars worth of other people’s Ethereum funds last week, the company that created the vulnerable code published a postmortem on the incident. It doesn’t look good.According to Parity’s breakdown of the fiasco, the digital wallet company knew about the critical flaw since August and did not address it for months, until it was too late

DNT: Ups…For more useful data about the major vulnerability that has frozen hundreds of millions of dollars of Ethereum, check here & here, Cryptocurrencies section. 

Lisk Price Approaches $10 As Market Cap Surpasses $1Bn For The First Time

JP Buntinx – The Merkle

While most people are keeping a very close eye on the top cryptocurrencies, interesting things are happening outside of the top 10 as well. The Lisk price has seen a pretty solid run over the past few months and it’s now inching closer toward that $10 target. Its market capitalization has also surpassed US$1 billion for the very first time, which is pretty interesting.

DNT: It’s true that people tend to pay attention only to a few cryptos and also true that there are much more interesting evolutions of other virtual coins quite underrated. The major idea is that Cryptoverse continues to grow…

The First Lumens ATM Is Introduced In Singapore During The Fintech Festival

News BTC

It is good to see more currencies getting ATM support these days. More specifically, a lot of companies focus on Bitcoin and a few different altcoins. Stellar Lumens are not on that list so far. That doesn’t prevent the team from showcasing their XLM ATM at the Singapore Fintech Festival, though. Opening a new fiat gateway for XLM is a big step forward.All cryptocurrencies need more liquidity, especially in the world of fiat currencies.

Square Cash Rolls Out Bitcoin Support To Select Users

JP Buntinx – The Merkle

The Square Cash app now allows users to buy and sell Bitcoin. Although this feature is only available to a select few right now, it is possible this feature will roll out to other users in the near future.

Exchanges & Trading Venues

Ether Derivatives Are Coming From A Pioneer Of Credit Swaps

Matthew Leising – Bloomberg (subscription)

The second-biggest cryptocurrency is poised to get a derivatives market, thanks in part to a pioneer of trading credit-default swaps, according to two people familiar with the matter.

VeChain Announces Listing On QRYPTOS

PR Newswire

Quione and VeChain, leading blockchain-enabled product management platform aannounced  VeChain’s listing on QRYPTOS.  

Vendors

Blockchain-Based Secure Online Voting System Showcased

Joshua Althauser – Cointelegraph

Cybersecurity firm Kaspersky Lab has introduced its Blockchain technology-based secure online voting system dubbed as Polys. The system is supported with transparent crypto algorithms.

BitPeople

Can The Blockchain Fix The Recruiting Industry?

Danielle Sabrina – HuffIngton Post

One company is using blockchain to fix the recruiting industry by ensuring that any information an employer or recruiter would need to know is available quickly and has been vetted by the proper sources. This group is called EchoLink and they’re looking to take on industry veterans like LinkedIn and Hoovers.

Latest Developments & Agreements

KPMG Joins The Wall Street Blockchain Alliance

Jon Buck – Cointelegraph

In a move that will likely spell huge increases in Blockchain technology, one of the ‘big four’ audit firms, KPMG, has signed on as a corporate member of the Wall Street Blockchain Alliance The announcement was made public via the WSBA website.With the membership, KPMG will also receive a seat on the board of directors.

DNT: The adoption of Blockchain technology is increasing and high levels and it seems that it can be a real  “game changer” for audit processes as well.

StarHub Partners With UK’s Prudential To Launch Block-Chain Trade Platform In Singapore

Aastha Agnihotri – International Business Times

Singapore telco StarHub said it would partner with insurance giant Prudential to launch a blockchain-based digital trade platform for small and medium-sized enterprises.

Bitcoin, Litecoin Devs May Integrate Monero’s Confidential Transaction

JP Buntinx – The Merkle

Most cryptocurrency users acknowledge that both Bitcoin and Litecoin lack serious privacy features. Neither of these popular currencies mask user identities completely, whereas altcoins such as Monero do exactly that. It turns out we may see some of Monero’s technology show up in both Bitcoin and Litecoin soon. Confidential Transactions are an option well worth exploring by the developers of both currencies. It’s an interesting situation, to say the very least.

DNT: This rush for privacy could attract even more the attention of regulators and contenders of Cryptos that have repeatedly accused that they are used for illegal purposes…

IBM Partners With The CDC To Bring Blockchains To Public Health

Nasdaq

IBM’s Chief Science Officer Shahram Ebadollahi announced that IBM Watson Health has signed an agreement with the Centers for Disease Control and Prevention tto explore the benefits of blockchain and distributed ledger technology (DLT) in the health sector.

Regulation

UK Financial Watchdog Issues Cryptocurrency Derivatives Warning

Samburaj Das – CryptoCoins News

The Financial Conduct Authority (FCA), the UK’s primary financial regulator and watchdog, has issued a consumer warning about the risks of investing in cryptocurrency contracts-for-differences (CFDs).

Analysis

Why India’s Bitcoin Scene Is Thriving Despite A Cold Shoulder From The Central Bank

Sindhuja Balaji – Forbes

Even though India’s key financial regulator Reserve Bank of India has strongly voiced its opinion against using bitcoin for payments, technology enthusiasts believe the craze for cryptocurrency is only on the upswing in India. Indian bitcoin exchanges, bolstered by the growing number of bitcoin buyers and traders, are laboring on with their efforts to popularize cryptocurrency.

DNT: It’s good to be optimistic but we know that India is a “top player” in our Team “Against”, based on our Crypto-Teams BDN Global Outlook (last update here).

Other news

Bitcoin Futures Will Expand ‘Investment Universe’ For World’s Third-Largest Hedge Fund

Matthew De Silva – ETH News

Man Group CEO Luke Ellis said that cryptocurrency will become part of the British hedge fund’s “investment universe” if and when bitcoin futures are offered by the CME Group. With $103.5 billion in funds under management, Man Group could make waves with a cryptocurrency strategy and the hedge fund could lead the way for additional Wall Street investment.

Opinion

Bitcoin Prices Could Reach $196165.79

Panos Mourdoukoutas – Forbes

How high Bitcoin prices could reach before the average Bitcoin investor sells it? Very high, $196,165 per coin – roughly 30x the digital currency’s current value.That’s according to a just published LendEDU Bitcoin investor survey. “Believe it or not, that number and statement is true according to our polling data,” says Michael Brown Research Analyst with LendEDU. The survey included 564 Americans that invested in Bitcoin.

DNT: A truly sincere OMG for this!

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News