| Saturday, April 7, 2018 |
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| Vitalik Buterin opposes fork to disable ASICs; this is becoming relevant as Bitmain recently launched the Antminer E3, an Ethereum ASIC; following the E3’s release, many Ethereum developers are now showing support for a fork to disable the hardware; however, Buterin - the Ethereum founder - is now saying that at the moment, he advises that no action should be taken - Link |
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| Following yesterday’s ban on Indian banks to deal in cryptocurrencies, investors are rushing to liquidate their cryptocurrency holdings before they become hard to transfer to bank accounts; this comes in anticipation of the RBI's July deadline; Pakistan has joined India in a similar anti-market decision; in fact, Pakistan's central bank went even further, and explicitly said that cryptocurrency is now to be regarded as "illegal" in the country - Link |
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| Monero hard fork executed; in a move to block big miners, the privacy coin has rolled out a hard for at block number 1546000; the update also brings a new "consensus algorithm” designed to protect it from ASICs, and Monero’s ring size has increased from 5 to 7; it is still unclear at what hashrate the currency will settle after the update - Link |
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| HyperBlock to acquire Cryptoglobal for $106M; this comes as the general cryptocurrency mining market in North America is seeing large amounts of consolidation in general, and HyperBlock’s acquisition is only the latest of these; the new company will be publicly traded and control over 21K rigs, and consume 28 MW of power with the ability to grow to a whopping 90 MW - Link |
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| Coinbase is reportedly in talks to purchase the paid inbox service earn.com, formerly known as 21 inc; the deal is reportedly worth more than $100M; Earn CEO Balaji Srinivasan will be joining Coinbase as CTO; many believe that the Earn technology could be developed to use for online advertisement - Link |
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| Blockchain firm partners with Tunisian government; the blockchain supply chain startup Devery has joined forces with the Tunisian Ministry of Education, in an attempt to track school meals in the country; the project will at first pertain to 1,500 schools, but if successful, all 400,000 Tunisian school children eligible for food assistance will become involved - Link |
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| UK’s Financial Conduct Authority published guidelines on cryptocurrency derivatives; these guidelines mean that businesses will have to seek authorization for dealing in cryptocurrency derivatives; furthermore, the statement classifies cryptocurrency derivatives as falling under the EU’s ”Markets in Financial Instruments Directive II”; this comes as banks outside of Europe are increasingly adopting cryptocurrency derivatives - Link |
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| Billionaire George Soros looking to trade in cryptocurrency; after George Soros called cryptocurrencies a ”bubble” this past January, his family office is now planning to trade digital assets; this comes as many other billionaires have already started looking into cryptocurrency investment; perhaps the fact that Bitcoin has fallen 41% since Soros’ bubble comments has made him change his mind - Link |
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| Ethfinex announces support for DAI; the integration with the decentralized stablecoin comes as Ethfinex is looking to expand its exchange to include more currencies; Ethfinex claims that DAI represents a ”particulary good match” with their long-term plan; since DAI is a stablecoin, it is tethered to USDT markets; this comes as Ethfinex is looking to establish itself as the ”home” of Ethereum trade - Link |
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| Coinbase in talks to become licensed brokerage firm; the news that the $1.6B cryptocurrency exchange would turn licensed brokerage comes from the Wall Street Journal; this would potentially allow Coinbase to list and exchange any currencies deemed ”securities” by the SEC; this comes as the SEC are continuing to clamp down on cryptocurrencies - Link |
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| SEC procures court order freezing trades of Longfin; the court order is freezing a whopping $27M in stock sales of the company which had announced they had acquired a cryptocurrency business; following this news, the Longfin stock rose dramatically, to exceed a market cap of $3B; the SEC is now suspecting several high-ranking Longfin officials of selling restricted Longfin shares to the public following the inflated share price - Link |
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| South Korean bank signs memorandum of understanding with Omise and OmiseGo; the bank is that of Shinhan, one of South Korea’s most significant; it comes as Omise and OmiseGo expand their businesses in South Korea and the government is imposing increasingly strict regulations; working with such a large bank is seen as an important milestone in working with regulators, and it is expected to advance the ShinhanCard’s capabilities - Link |
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