Welcome to the Crypto Daily News Curator. Below you will find worthy news about cryptocurrency and the blockchain, especially the news coming out from the Asian Community. The goal is to spotlight the best of news about the cryptography community on Steemit.
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The News:
Blockchain Platform Kaleido Expands Into Asia Pacific
Source: BlockTribute
Link: https://blocktribune.com/blockchain-platform-kaleido-expands-into-asia-pacific/
Summary: Blockhain platform Kaleido has announced that it will be expanding its Blockchain Business Cloud in the Asia Pacific (APAC) region to meet surging demand for blockchain solutions among enterprises and governments.
Bitcoin is the best bet for cryptocurrency investors, says Wall Street trader
Source: CNBC
Link: https://www.cnbc.com/2018/07/10/bitcoin-is-the-currency-of-the-internet-wall-street-crypto-trader.html
Summary: Bitcoin is still the best bet for crypto investors as people are "functionally using" it, Bart Smith told CNBC.
Bitcoin, Cryptocurrency Funds Down 50% YTD. Lee's Dec. 31 Bitcoin Forecast Is Still $25K
Source: Forbes
Link: https://www.forbes.com/sites/chuckjones/2018/07/10/bitcoin-and-cryptocurrency-funds-are-down-50-ytd-lees-dec-31-bitcoin-forecast-is-still-25000/#4ed442c710f0
Summary: Hedge Fund Research, or HFR, has developed two indexes that track the performance of fund managers that invest in cryptocurrencies and blockchain technology. For the month of June, its cryptocurrency index dropped 23%, which puts it down 49% in the first half of the year. Its Blockchain index declined 22% in June and is also lower by 49% this year. So far in 2018, the two indexes moved lower in five of the six months with April being the only month with a positive return.
India may not ban cryptocurrency after all
Source: Quartz
Link: https://qz.com/1324595/instead-of-a-ban-india-may-turn-cryptocurrencies-into-a-commodity/
Summary: After months of uncertainty, there are indications that India may not, after all, opt for a blanket ban on virtual currencies. A finance ministry panel set up to study them may even suggest that they be treated as commodities.
Cryptocurrency Concept Is a 'Fallacy,' Says Finnish Central Bank Advisor
Source: Coindesk
Link: https://www.coindesk.com/cryptocurrency-concept-is-a-fallacy-says-finnish-central-bank-advisor/
Summary: Using digital currencies synonymously with the term cryptocurrencies, a paper published by the Bank of Finland and written by one of its advisors argues that cryptocurrencies aren't real forms of money.
South Korea’s Regulatory Evolution: Important Steps for Crypto Exchanges, ICOs and Blockchain
Source: [Coin Telegraph]https://cointelegraph.com/news/south-korea-s-regulatory-evolution-important-steps-for-crypto-exchanges-icos-and-blockchain)
Link: https://cointelegraph.com/news/south-korea-s-regulatory-evolution-important-steps-for-crypto-exchanges-icos-and-blockchain
Summary: South Korea’s relationship with the cryptocurrency industry has ebbed and flowed over the years. There has been a blanket ban on ICOs, set in September 2017, as well as strong rumours in January — that were eventually dismissed — that cryptocurrencies in their entirety would be banned.
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