by Florin Oprea
Julia Limitone – Fox Business
Patrick Byrne, Overstock CEO: “You think that’s a bubble? What do you think that fiat currency you carry around in your purse is?” This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the U.S. Treasury of which I assert there is zero … It’s about time the world switches to real money. Either gold or bitcoin.” …”The real question is not how high can bitcoin go. The real question is how low can fiat currency go – and at the end of the day all fiat currencies have gone to zero and that’s because they end up with irresponsible money printing”
DNT: Despite the criticism of some world’s top financial leaders, conscientiously reported in our bulletin – check our free Archive, Bitcoin soared from record to record. Bubble or not, BTC also gained more credibility after CME announced its plans to launch bitcoin futures. So, even if Patrick Byrne opinion may seem at first sight, a pretty radical one, it worth to be analyzed. We know that fiat money is a currency without intrinsic value established as money by government regulation. So, what do you think: is fiat money also a bubble? Send us your opinions, and some of them will might be published.
Jon Buck – The Cointelegraph
In another win for the adoption of Blockchain technology into the banking and finance world, top hedge fund AQR ($208 bln under management) has announced that it will begin investigating how to incorporate the nascent technology into its trading platforms.
Matthew Leising – Bloomberg (subscription)
Brady Dale – CoinDesk
A group of major financial firms including JPMorgan Chase and Goldman Sachs has trialed the exchange of equity swaps over a distributed ledger (DLT) system. Using the AxCore distributed ledger platform from startup Axoni, the pilot – which also included BNP Paribas, Credit Suisse and Citi – saw the banks process equity swaps from start to finish.
Chanyaporn Chanjaroen, Abhishek Vishnoi – Bloomberg (subscription)
Quoine Pte, a cryptocoin exchange operator founded in Singapore, said it’s now routing customers’ payments to Japan, where the firm banks with lenders including Mitsubishi UFJ Financial Group Inc. after an account in the city-state was closed.
Sebastian Kettley – Express.co.uk
BTC prices shot past the $8,200 mark on Monday, in an all-time record high value for the volatile crypto token.
DNT: At the time of writing, BTC was trading around $8231.
Once scoffed at by the bigger players on Wall Street, investors are now seeing big names and big money get on the bitcoin train.
Ian Allison – Internațional Business Times
R3 and Microsoft Corp. have expanded their strategic partnership to further accelerate adoption of R3’s Corda platform amongst businesses using Microsoft Azure.The partnership will now offer deeper integration of the Corda platform with Azure making it easier for businesses to deploy underlying computing resources for blockchain networks,
DNT: As we reported at the beginning of this month (Vendors section), R3 startup has more than 60 firms that are using its its blockchain platform.
Via Efinancialcareers – Ed Budd, former Deutsche Bank’s ex-chief digital officer signs up to new London blockchain firm ConsenSys.
DNT: Read more about ConsenSys plans a few lines below, in our Startups, Accelerators & Hubs section.
Via CoinDesk – Ex-Moscow Exchange Exec Roman Sulzhyk emerges as chairman of Ukraine-based blockchain startup Distributed Labboard board of directors.
DNT: Lately, a lot of senior-level executives from banks or exchanges, around the world moved to the blockchain sector! A further proof that blockchain-based technologies have the potential to change the world.
Via The Cointelegraph – Former Republican Congressman and US presidential candidate, Ron Paul, hired as an endorser of Bitcoin-based retirement instruments at subsidiary of Goldco.
The Economic Times
India’s largest lender State Bank of India will roll out beta launches of blockchain-enabled smart contracts by next month, according to Sudin Baraokar, head of innovation. Blockchain-enabled Know Your Customer (KYC) will soon follow suit.
Sujha Sundararajan – CoinDesk
The Australian government has announced that it will provide over AU$8 million (around US$6 million) in grants for a blockchain-powered smart utilities project.
Ian Allison – Internațional Business Times
Ethereum design studio ConsenSys is expanding its global physical presence by opening a hub in London, in the heart of the technology hotbed of “Silicon Roundabout”. The London hub has space for 60 ConsenSys members and sponsored projects. The firm already has major hubs in New York, San Francisco, Toronto, Dubai, Singapore and Brisbane.
Iyke Aru – The Cointelegraph
One of the fundamental benefits of Blockchain technology is the provision of alternatives in the ways that users can retain control over their assets and revenue generation across within their fields of endeavor.
Blockchain is one such technology that could make an impact in the real estate market by offering real-time data that can help secure financial transactions.
Kyle Torpey – Forbes
In addition to the exploding price, the total value transacted on the network per day has seen substantial gains this year; however, the actual number of transactions processed by the network per day has been rather stagnant in 2017.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News