Avi Mizrahi: The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President

wechat us-presidential-election the-daily shapeshift prism okcoin n-featured jamie-dimon donald-trump chinese-censorship bitmain

The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Thinks He Can Be Elected President

In today’s edition of The Daily we cover stories about Shapeshift shutting down its decentralized portfolio platform Prism, the bitcoin-hating CEO of JP Morgan, Jamie Dimon, thinking he can be elected US President, an exchange expanding to 20 more states, and further censorship of bitcoin-related accounts on Chinese social media.

Also Read: 66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat

Shapeshift Shuts Down Prism

Shapeshift, which recently announced a shift to a mandatory membership model, is now also shutting down its decentralized portfolio platform, Prism. When it was launched last year, Prism promised the ability to secure a basket of cryptocurrencies without exposure to third party risk, meaning without leaving your funds on an exchange. It also featured some social trading capabilities, like displaying public performance leaderboards so users could learn from top traders and copy their portfolios.

Shapeshift didn’t indicate that the move is related to its recent change of model, instead stating it has been done to focus on developing its core product line. “With the work we’ve done over these past 18 months, it’s become clear to us that there is actually a different (and likely superior) product to be built with this underlying technology. It requires more than a pivot: a reimagining of the product itself…These reasons combined have led us to the conclusion that we should sunset the current Prism product, both in order to focus on our core platform, and to clear the pallet for a potential reimagining of what this technology can do later on.”

Bitcoin-Hating Banker Thinks He Can Be Elected President

The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Thinks He Can Be Elected PresidentJamie Dimon, the CEO of JP Morgan Chase and former director of the New York Fed, seemingly loves to stir up controversy in a way that will grant him maximum publicity before quickly retreating. After attacking bitcoin as a fraud and regretting it, he has now said he can be elected President of the United States – and then almost immediately took it back. Apparently the Wall Street banker thinks he can beat current president Donald Trump because “I’m as tough as he is, I’m smarter than he is.”

It would have been both entertaining and enlightening to discover just how much the American public love bankers in this ultimate popularity contest, but Dimon took his words back as soon as they were made public, proving he is neither as tough nor as smart as he imagines. “I should not have said it. I’m not running for president. Proves I wouldn’t make a good politician.”

Okcoin Expands to 20 More States

The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Thinks He Can Be Elected PresidentOkcoin exchange has announced an expansion into 20 new states with token-to-token only trading. These include: Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin. And the team have added they are in the process of applying for money transmittal licenses (MTL) in the remaining states for both token-to-token trading and fiat-to-token trading.

“In order for the cryptocurrency market to reach its full potential, exchanges like Okcoin have to work with existing and new regulators for convertible virtual currency, digital goods, and/or securities,” said CEO Tim Buyn. “Our team has worked diligently within the complexities of the US regulatory frameworks. We’re excited to take this major step forward as we aim to break down the barriers preventing a truly global digital asset market while adhering to long established regulations.”

Wechat Blocks Bitmain

According to reports from China, the dominant social network Wechat has blocked one of Bitmain’s accounts (“antminersale”). This comes after last month the network shut down the Wechat social media accounts of several local crypto news outlets, and the government blocked access to 124 foreign exchanges said to be targeting Chinese and banned hotels and other venues from hosting blockchain-related events. Considering these recent actions, some commentators see the move against the mining hardware producer as part of a new crackdown on the industry in China.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Shapeshift Shuts Down Prism, Jamie Dimon Wants to Be President appeared first on Bitcoin News.

Original article was created by: Avi Mizrahi at news.bitcoin.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline
8 hours ago The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies
1 day ago The Daily: Binance Expands, Putin Advisor Visits Huobi, Brazilian Brokerage Goes Crypto
8 hours ago The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies
11 hours ago China During Crypto Ban: One Woman Tries to Live on Bitcoin
11 hours ago China During Crypto Ban: One Woman Tries to Live on Bitcoin
2 days ago Bitmain Announces Next-Generation Antminer Equipped With 7nm Chip
2 days ago The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia
1 month ago PR: Bibox Gains Swiss VQF License – Accelerating Global Expansion
4 months ago JP Morgan Chase Eats Humble Pie, Applies for Blockchain Patent
4 months ago Memo Innovation Invigorates Bitcoin Cash Proponents
6 months ago Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, Petro
6 months ago PR: Verifier – the Idea of Using Blockchain to Verify Elections Is Not New
3 months ago Faast Platform Connects With Popular Wallets Offering Cross-Chain Swaps
2 weeks ago The Daily: Coinbase Explores Crypto ETF, Changelly Verifies Monero Traders

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
September 23, 2018

Swiss Bankers Association Acts to Prevent Crypto Firm Exodus

The Swiss Bankers Association (SBA) has released a set of guidelines intended to bolster the availability of financial services to cryptocurrency companies. They are in response to the stubbornness of many banks to provide financial services to crypto-related businesses. Also Read: Markets...

From: Samuel Haig

Study Finds “No Evidence” of USDT Price Manipulation

A study examining the widely suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting...

From: Samuel Haig

Markets Update: Despite Negative Headlines – Crypto-Prices Continue to Rise

A few days ago digital asset markets saw some good gains pushing the entire crypto-economy up past $229 billion. Both bitcoin cash (BCH) and bitcoin core (BTC) had nice percentage spikes with BCH up 13 percent, and BTC up 3.5 percent over the last week. However, the biggest gainer this week was...

From: Jamie Redman

A Snapshot of Cryptocurrency Forks Shows the Biggest Winners and Losers

Forking cryptocurrencies, usually Bitcoin or one of its offshoots, was all the rage 12 months ago. Today, the spate of new forks has dwindled to a trickle. With the benefit of hindsight, and armed with over a year’s worth of data, it’s possible to determine which forks succeeded and...

From: Kai Sedgwick

The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies

From Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman...

From: Lubomir Tassev

China During Crypto Ban: One Woman Tries to Live on Bitcoin

Close to being yet another annoyingly false media piece on how ‘hard’ it is to live on cryptocurrency, the Netflix of China, Iqiyi, followed a woman attempting just that for 21 days. Bitcoiners have been doing so for years through various service providers, exchanges, and, yes, even...

From: C. Edward Kelso
Upcoming ICO's
This week overview
Token Name Starts
RoBust Defense Token (RBDT) logo RoBust Defense Token (RBDT) 1 days
Yumerium (YUM) logo Yumerium (YUM) 2 days
Blockchain.io (BCIO) logo Blockchain.io (BCIO) 3 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $6696.48511045 -0.02%
Ethereum logo ETH $243.218681328 -0.17%
Ripple logo XRP $0.5665174557 -0.26%
Bitcoin Cash logo BCH $486.603565181 -0.31%
EOS logo EOS $5.9413402198 -0.31%
Stellar logo XLM $0.2776872447 -0.83%
Litecoin logo LTC $60.7507933117 -0.16%
Tether logo USDT $1.0006295521 0.11%
Cardano logo ADA $0.0896386823 -0.18%
Monero logo XMR $121.116194191 -0.79%
DigitalCash logo DASH $204.351974192 -0.36%
IOTA logo IOT $0.6070285748 -0.18%