Industry Watch 24 January, 2018

Nami | Daily Crypto News 24.01.2018

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Financial Times: Nasdaq seeks boost from bitcoin products

Nasdaq is actively exploring bitcoin-linked products and other digital currencies that would appeal to retail investors, Adena Friedman, the exchange’s chief executive has said.

Davos du bi

Financial Times: Davos: Blockchain can no longer be ignored

The world’s big financial institutions are wrestling with a cryptocurrency dilemma: whether to stand by and denounce a technology many distrust but also fear — or join those investing in it.

venezuela hard currency

Reuters: Venezuela says ‘petro’ cryptocurrency pre-sale will be in hard currency

Venezuela’s “petro” cryptocurrency will initially be offered in a pre-sale in hard currency and other cryptocurrencies, the government said on Tuesday, and not initially available in the country’s collapsing bolivar currency.

Japan 150 billion

Business Insider: Japan’s biggest bitcoin exchange saw $150 billion traded in less than 2 months: ‘December was certainly an interesting month’

BitFlyer has trading volumes of $150 billion in November and December of last year, European COO said. Japanese exchange now averaging $50 billion in monthly trade. Disclosures came as BitFlyer announced its European launch.

Coinbase 1 billion

Coin Speaker: Bitcoin Exchange Coinbase Booked $1 Billion in Revenue Last Year

As it has become known one the largest platforms for buying and selling cryptocurrencies Coinbase made more than $1 billion in revenues last year. At the end of September the six-year-old company Coinbase expected to generate just $600 million in annual sales. But the achieved results mean that the company has exceeded its 2017 revenue forecast by 66 %.

UK

Coin Desk: UK Government Lures Distributed Ledger Projects With $26 Million Fund

The United Kingdom’s technology development arm, Innovate UK, would invest a total of £19 million ($26.6 million) in projects which will result in new products or service in the fields of emerging and enabling technologies, including using distributed ledgers. The agency will also offer a further £12 million ($16.8 million) for businesses trying to recruit graduates to help develop their project.

UN

Coin Desk: UN Forms Blockchain Coalition to Fight Climate Change

In a Jan. 22 blog post, the U.N. announced that it has helped launch a new group called the Climate Chain Coalition, which will aim to research the use cases for distributed ledger technology (DLT) in climate change-related initiatives, and potentially adopt them.

indonesia

Jakarta Post: Indonesia studying Bitcoin’s use in investment: Official

The Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) is currently studying the possibility of using Bitcoin as an investment instrument, the board’s head said on Tuesday. On the same day, the central bank declared the cryptocurrency’s use illegal for all payments and transactions.

The Edge Market: ICO market volatile due to lack of fundamental valuation, due diligence — EY

The lack of fundamental valuation and due diligence process by potential investors is leading to extreme volatility of the initial coin offering (ICO) market, says Ernst & Young Global Ltd (EY).

ripple

The Independent: 5 reasons to invest in Ripple XRP

Ripple XRP is part of the rapidly-growing cryptocurrencies universe that has enjoyed a remarkable growth in fortunes over the past year – and continues to make headlines. This article is about 5 reasons why you should invest in Ripple.

weekly analysis

Coin Speaker: Cryptocurrency and ICO Market Analysis [January 15-21, 2018]

Coinspeaker partnered with ICOBox to provide this weekly analysis conducted by Professor Dima Kornilov and Dima Zaitsev devoted to cryptocurrency and digital assets markets taken place since the beginning of January 2018, including over the last week (January 15-21, 2018).

strip payment

Coin Desk: Payment Processor Stripe to End Support for Bitcoin

Payment processor Stripe announced Tuesday that it will end support for bitcoin as a payment method in April. Stripe first enabled bitcoin transactions in 2015, a move that came a year after first testing the technology. At the time, residents from more than 60 different countries could pay merchants on Stripe’s network using bitcoin.

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