October 5th, 2017
In my humble opinion...
There are a lot of changes happening right now.
trying to pivot Bitcoin tech from open, decentralised & ethos preservation to centralised corporate group is a mistake of grand order.
— Adam Back (@adam3us) October 4, 2017
Coin of the Day
Hacken wants to make the crypto space safer
Hacken wants to prevent the cryptocurrency space from one of the biggest issues in the digital currency community: cyber attacks. The Hacken Ecosystem helps improve your code and protect it from hackers through the HackenProof "bug bounty marketplace" that conducts vulnerability research and penetration tests. There's also going to be a system set up that supports security professionals for their research. If you've been paying attention to the news recently, you know how important security is to both crypto and non crypto users (see North Korea and Equifax).
Japan is a bitcoin powerhouse, and it may save crypto as we know it.
There's been a lot of movement happening with crypto in the Asian market recently. China's ban on ICOs (and later, all cryptocurrency exchanges), North Korea's affinity for hacking South Korean bitcoin exchanges (which has been giving the industry a bad rap), and South Korea's been a little lukewarm as of late. Luckily, Japan seems to be filling not only the market voids that had been left by China's legislature, but also as a center for blockchain innovation. Last week, Japan hosted the majority of crypto transactions - and now claims a whopping 56% of crypto exchange market share.
Japan's mainstream #bitcoin adoption:
Largest retailer (Bic Camera), budget hotel (capsule) and now energy supplier. Real adoption. 🚀 pic.twitter.com/opgNn36BqI
— Joseph Young (@iamjosephyoung) October 4, 2017
This past April, Japan was the first country to legalize bitcoin as an official currency, and today, the Japanese Financial Services Agency gave 11 companies licenses to operate as crypto exchanges. If you read the fine print in the rules, Japan now requires all exchanges to have licenses, which likely indicates that the government is forging a path for other companies to host their own exchange. Very cool.
Let's break it down: which finance giants are pro-crypto?
Jamie Dimon (JP Morgan Chase & Co.): Anti. He called it a "fraud", and has become a common enemy for crypto enthusiasts. Especially after that epic mass-buy JP Morgan did after causing the dip. Yeah, no bueno.
James Gorman (Morgan Stanley): Pro. He said it was "more than just a fad", and that crypto is "interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that." We can get down with that.
Lloyd Blankfein (Goldman Sachs Group Inc.): Pro. Ok, we're taking a little bit of artistic liberty here. While Blankfein has officially stated that he's "not endorsing" bitcoin, there's been a lot of talk about Goldman opening their own crypto exchange (our sources say it's probably the real deal, but not quite yet). People's reactions to Blankfein's statement were...overall, a little mixed. Here's a highlight:
Lloyd, great to hear that you are open to dismantling your empire of lies and fake money. Bitcoin is the future and it doesn't need bankers.
— Kyle Benzle (@Benzle) October 4, 2017
(now for some fun)
Jamie Foxx (the singer): Definitely Pro. He promoted the ICO Cobinhood, and joins a small and strangely diverse group of celebrities that are pro-crypto.
No, we're not going to talk about Jordan Belfort. Sorry.
Coinbase is under investigation for the bizzare "Flash Crash", where one $12.5 million trade made ETH plummet. And the exchange could be to blame.
Alexander Vinnik, the "mastermind" of BTC-ewho has been charged for a plethora of illegal activity, is going to be sent to the U.S for trial.
Coin to Watch
Salt·y Pleb: A person who suffers from lack of #bitcoin, due to a chronic obsession with Dutch tulips.
— ฿TF%$D! (@CryptoHustle) October 4, 2017