Hello! This is CoffeAJE which means a man who makes coffee.
Among overflowing blockchain related news, I will introduce five news as ordinary man in 30s who is interested to blockchain and cryptocurrency.
NO.1 JP Morgan Considering If they Want to Enter Bitcoin Market or Not.
JP Morgan, a global investment bank with assets of more than 2.5 trillion dollar, has recruited HR to lead a cryptocurrency strategy department, Business Insider, a US economic news company, reported. JP Morgan has recruited Oliver Harris, from London 29 year old, as the head of the cryptocurrency strategy department under the blockchain development team. Harris is expected to be responsible for the task of uncovering and leading a new cryptocurrency project, including the operation of the JP Morgan-developed institutional blockchain solution Quorum division, the study of cryptocurrency asset custody services, and the development of payment systems.
Last year, JPMorgan’s chairman Jamie Dimon said that Bitcoin is just bubble and scam, rather than a value store. However, recently the moves to take over Goldman Sachs' cryptographic exchange and the USDC (Circle USD) affected JP Morgan. Many experts expect Wall Street banks to follow Goldman Sachs’ move.
The rumor ‘Nobody who bought Bitcoin lost money. If you did not get money out of Bitcoin, you are the fool.’ made epic surge of whole cryptocurrency market, I hope that Goldman Sachs' entry into the cryptocurrency market will make a high profit, so that a large amount of new funds enter to the crypto market.
NO.2 Bithumb’s Storm Listing Report Leaked.
The document that is estimated as Bithumb's 'STORM listing review report' is spreading around SNS. The Bithumb’s Customer Center showed a negative stance on the question of authenticity through KakaoTalk. In telegrams and other Cryptocurrency SNS, the article titled "Listed Review Report" with Bithumb and Storm's logo, is spreading around. And the article is actually saying that Bithumb is preparing to list Storm in their exchange market. In the question of customer center contact through KakaoTalk, ask "Would you like to confirm the Bithumb’s Storm Listing Review Report on SNS?", The agent said, "We are currently viewing the Bithumb’s currency review reports, but the Storm Review Report is not there."
Last month Bithumb introduced a lot of news about technology development that could use Bithumb's cryptocurrency as a payment method and we were highly appreciated for Bithumb’s effort to apply the cryptocurrency to real life. However, following the pop chain (PCH), it is sad that I could only share a bad news about Bithumb this month. Even when a war between Bithumb and Upbit, for listing new cryptocurrency rapidly, Bithumb was criticized from investors for the listing cryptocurrency information leaking.
Last weekend, news of the Upbit’s seizure has been reported, and most of the cryptocurrency price have fallen sharply, and they are still falling. I hope that crypto exchange markets lead on expansion and development of entire crypto market, not hindering the improvement.
NO.3 US Regulatory Authority to Discuss Regulatory Environment in New York Consensus.
The US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) have confirmed that it is necessary to crack down on illegal activities. However, they are not going to stop technology innovation.
"The role of the Securities and Exchange Commission is to promote new funding," he also added he will devote all efforts to educating investors and cracking down on illegal activities related with ICO. McDonald from commodity trading committee said, it is CTC’s job to promote market in healthy and fair financial derivatives market, not hindering technological innovation.
I am feeling better that the officials of the regulatory authorities attended the event. If I have some spare time and enough money, I would definitely want to attend on 2019’s or 2020’s event to feel the atmosphere of the event.
NO.4 Mawon, Bitcoin Is the Bubble, but Blockchain Technology is Not.
The founder of Chinese e-commerce company Alibaba (Mawon) said that Bitcoin is bubble but blockchain is not. Mawon, who has been studying block chains for many years, believes that blockchain technology will solve privacy and security issues, but most of the attention of the blockchain industry has received from cryptocurrency speculators, he said.
Do you know that Ant Financial, a subsidiary of China's Alibaba, which is in the process of banning the whole currency chain, is the world's number one in the blockchain related patent sector? I can get a lot of articles on the development and application of blockchain technology of big companies such as Alibaba, Tencent and Baidu in China. I used to expected Qtum (QTUM) to collaborate with the big companies mentioned above to create a big picture, but I feel depressed to see the Qtum that it does not have the power to launch despite the X86VM launch.
NO.5 Switzerland Prepares Nation Guaranteed Cryptocurrency ‘E-Franc’.
The England’s Reuters news agency reported that the Swiss government has made public debate about the possibility of issuing nation guaranteed cryptocurrency. The Swiss government has initiated a research project that analyzes the strengths and weaknesses of issuing cryptocurrency called E-Francs. It is necessary for Congress to agree on the actual research, but it is unlikely that it will be rejected by Congress because it was initiated by the Social Democratic Party deputy.
I know that many of countries are developing cryptocurrency under the government’s lead. Venezuela has issued government - guaranteed cryptography, but it is being ignored in major markets. The cryptocurrency of a public blockchain that is currently being traded on the crypto exchange can be viewed as an investment rather than a distribution or exchange value. Can we find the cryptocurrency that would works as distribution and value of exchange among thousands of the cryptocurrencies?. Especially where the price of cryptocurrency drop or jump 100% a day. Just like yesterday, I am deeply thinking about the future of the cryptomarket again today.
I visited Upbit just for a while during preparing for today’s posting, the rise of Zcash(ZEC) is noticeable. A few days ago, I was able to find a news beside that the ZEC is listed on the Gemini exchange. The news is that JP Morgan has move to apply the the privacy technology of Zcash Company.
The weekend started. On Friday evening, I visited a restaurant called ‘Iron Chicken’ with my wife in Busan. It was a little said that they only had the bone-in chickens, but I ate them pretty well with my wife. My wife has a allergy for eating chicken, so she was just watching me eating chicken, and she said that she is sorry that she could never eating chicken with me.(she also ate different menu from the restaurant but it is a culture to eat fried chicken together in Korea because it usually served for at least 2 people.) Tomorrow, I will go out to see DeadPool 2. It has better evaluation than Avengers 3 from people around me, so I am looking forward to it.
I hope that you also have a happy weekend with someone you love.
This is it for today.
P.S. I wrote this posting with the help of 
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