QUOTE OF THE DAY
“A ship in harbor is safe, but that is not what ships are built for..”
—John A. Shedd.
Japan's SBI Holdings Is Gearing Up to Mine Bitcoin
Coindesk reports that SBI Holdings, the financial services division of Japan’s SBI Group, has revealed plans to move deeper into the world of cryptocurrencies and blockchain.
In its latest financial report, SBI expressed plans for "the establishment of a new financial ecosystem based on cryptocurrency," a move that includes carrying out joint research to gather "systematic knowledge" of blockchain technologies.
UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk
Well would you look at that. The U.K. government's economic and finance ministry has released a new policy document stating that cryptocurrencies like bitcoin pose a "low risk" for terrorist financing.
The policy document said that the risks of digital currency use in money laundering is "relatively low." but it did claim that cryptocurrencies are used to "launder low amounts at high volume."
You can read the policy document here.
Segwit2x Developer Says November Hard Fork is Full Steam Ahead
According to Bitcoin News, the Segwit2x working group has been quiet lately, but now it seems the development wheels are turning once again. On Wednesday, October 25 the lead developer of the Segwit2x (BTC1) working group, Jeff Garzik, addressed the public with a status update. According to Garzik, everything is “still full steam ahead for Segwit2x upgrade” scheduled for mid-November.
You can read more about this here.
What Else Is Going On?
- Multicoin Capital plans to raise $100 million for a new fund (shout out to Kyle).
- Japanese IT firm GMO has plans for an ICO.
- Warren Buffett with some bitcoin FUD.
- Peter Thiel says that critics are underestimating bitcoin.
- Blockchain journalism platform Civil has announced $5 million in funding from ConsenSys.
THINGS I LIKE
The S**tcoin Managed Investment Fund
Lambo Partners Ltd.
Read more about them here.
My Current Sentiment: Neutral.