Blockchain Daily News – Soft launch Edition #26, 29.06.2017
June 29, 2017
Blockchain Daily News – Edition 2, 05.07.2017
July 5, 2017

Blockchain Daily News – Edition 1, 03.07.2017

Blockchain Daily News

by Florin Oprea

Edition 1, 03.07.2017

 

Deals, Investments & M&As

Mark Cuban Plans To Invest In Another Digital Coin

Evelyn Cheng, Fred Imbert – CNBC

Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering (ICO).

One of the companies Cuban is invested in, Unikrn, is planning its own offering.

FAO: Unikrn is a Seattle based media and entertainment company focusing on eSports. It was founded by Rahul Sood (creator of VoodooPC, and Microsoft Ventures), and Karl Flores (co-founder of Pinion).

PHILIPP SANDNER, Frankfurt School Blockchain Center: Well, the question is how much he invests. This would be interesting to know.

This Is The Cryptocurrency Mark Cuban Is Backing

Lucinda Shen – Fortune

Entrepreneur Mark Cuban, who previously helped Bitcoin’s value drop after calling it a “bubble,” is now interested in another digital currency. And no, it is not Ethereum, but the UnikoinGold.

FAO: The ICO phenomenon is catching the attention of all big players. Just read the next story, and you can understand Cuban’s move.

$185 Million In 5 Days: Block.One Sets New ICO Record With Its EOS Token

Mo Marshall – Venture Beat

Blockchain startup Block.one has raised $185 million in just five days of selling its EOS cryptocurrency token. That sum breaks the record Bancor set just a couple of weeks ago with its nearly $150 million raise.

FAO: We were fascinated by Bancor ICO’s speed and figures, back when we reported the its ICO result, during our soft launch. Our friend and contributor  PHILIPP SANDNER was asking back then “Despite this impressive funding, does a startup need that much money? What will it do with it?” And I find it a pertinent question for today’s story too.

Ethereum Startups Don’t Need Silicon Valley

Jack Du Rose, Colony – Venture Beat

To date, Silicon Valley has been known worldwide as the place to go to get your tech startup funded. Now, though, a new kind of innovation infrastructure is being built using blockchain technology and, in particular, the Ethereum platform.

FAO: I do not think this is the end of VC, but it will clearly change it.

TokenAP ICO Will Disrupt The Traditional 200 Billion USD Loyalty Program Market Via Blockchain

The Coin Telegraph (press release)

For many centuries large companies, institutions, enterprises and multinationals provide traditional paper, plastic tokens, coupons, discounts, trading stamps, and other sorts of inefficient loyalty programs to their customers.

Cryptocurrencies

The 45-Millisecond Ether Flash Crash Prompts Safeguard Effort

Nick Baker – Bloomberg

Last week’s flash crash in the ethereum digital currency prompted the venue where it happened to consider safeguards used in other markets such as stocks.

FAO: Circuit breakers, market makers incentives…Coinbase has consulted with its shareholder New York Stock Exchange on how to prevent future flash crashes.

Are Cryptocurrencies About To Go Mainstream?

The Guardian

Experts call for caution about digital currencies, such as bitcoin and Ethereum, but financial firms are considering adopting them or even establishing their own.

The $28-Billion Challenge: Can Ethereum Scale to Meet Demand?

Alyssa Hertig – CoinDesk

For all the recent successes, this much is clear: ethereum is still far from becoming the “world computer” its engineers originally envisioned.

Coinbase Co-Founder: Ethereum Needs Off-Chain Scaling Solutions To Scale

Joseph Young – The Cointelegraph

Fred Ehrsam, former Goldman Sachs trader and co-founder of the bln dollar Bitcoin startup Coinbase, laid out several scaling issues of Ethereum and the necessity of off-chain scaling solutions to scale the Ethereum network.

From Flying Money To Blockchain: How Remittance Industry Has Reached Turning Point

Iyke Aru – The Cointelegraph

From the simple barter system of ages past to the sophisticated technological systems of modern day money transfer, the remittance industry remains a significant aspect of the global economic ecosystem.

What To Do With Bitcoin Ahead Of SegWit Activation

Iyke Aru – The Cointelegraph

There is an air of uncertainty among Bitcoiners of what would become of their fate in the near future.

FAO: Uncertainty fuels volatility. It will certainly be a hot summer, at least until August 1st, when a possible breakup is expected.

Krosscoin – The First Church And Charity Centric Cryptocurrency

The Merkle

The church/charity ecosystem is in the billions of dollars globally.

FAO: Is this too much? Or maybe clear signs of increasing crypto adoption. Send me your thoughts.

Exchanges & Trading Venues

Hive Creates Buzz With Cryptocurrency-Based Invoice Financing Platform

Tony Zerucha – Bankless Times

A project based in Slovenia has developed a cryptocurrency invoice financing platform dedicated to providing new liquidity for SMEs.

FAO: Slovenia is one of the fastest growing fintech countries in Europe.

Stock Exchanges And Blockchain: Open Positions

Carlo R.W. De Meijer (Independent) – Finextra

Just like banks, a growing number of exchanges worldwide have already taken a serious look at the way they can leverage blockchain technology.

FAO: Leading US exchanges NYSE and Nasdaq were among the first to look. Also mentioned above was NYSE’s holding in Coinbase.  

Vendors

A Closer Look At Gartner’s “Cool” Blockchain Vendors

Justin OConnell – Cryptocoins News

Technology research firm Gartner recently highlighted cool blockchain vendors.

FAO: Cool list – Factom, Gnosis, OpenBazaar, SmartContract, Synereo…a couple of them are also on our “watchlist”.

Controversial Bitcoin Scaling Project SegWit2x New Code Released

Charles Dearing – The Cointelegraph

The controversial scaling proposal, SegWit2x, is progressing with their plans, following their timeline. Jeff Garzik, Bloq co-founder and SegWit2x lead developer, said in an email that the new code is set to release on June 30, 2017.

These Are The Best GPUs For Ethereum Crypto-Mining

Dave Altavilla – Forbes

No question about it, Ethereum is a hot topic these days, with the burgeoning new cryptocurrency currently on pace to intersect and even outpace Bitcoin’s market cap valuation.

Crypviser Moves To BitShares Blockchain Ditching Ethereum In Process

Shivdeep Dhaliwal – The Cointelegraph

Crypviser plans to list CVCoins on public markets at the initial rate of 0.99 EUR for each CVCoin token.

BitPeople

A Cypherpunk Dream: Blockstream Developer Departs To Build Bitcoin Web

Michael del Castillo – CoinDesk

Bitcoin developer Eric Martindale has departed what might might be considered one of the sweetest gigs in the industry to follow his dream of building a decentralized information market where any data can be traded without restriction.

UK Dealer Charged In US Over Multimillion-Dollar Fake Bitcoin Site Scam

The Guardian

SEC alleged “the clandestine” Renwick Haddow, a UK citizen living in New York, diverted funds invested in a phoney Bitcoin site as well as from a flexible workspace firm Bar Works into accounts in Mauritius and Morocco, totalling $5m.

Latest Developments & Agreements

Swift Completes Blockchain Smart Contracts Trial

Michael del Castillo – CoinDesk

Interbank messaging platform Swift has completed a blockchain proof-of-concept in partnership with startup SmartContract.

FAO: Uses SmartContract’s ChainLink v1.0.

Regulation

Delaware House Passes Historic Blockchain Regulation

Michael del Castillo – CoinDesk

The state of Delaware has passed amendments to state law that make explicit the right to trade stocks on a blockchain, according to multiple sources familiar with the matter.

FAO: More good news from Delaware.

Illinois Lawmakers Pass Bill Forming Blockchain Task Force

Stan Higgins – CoinDesk

Lawmakers in the US state of Illinois have passed a bill creating an inter-governmental task force that will study public sector applications of blockchain.

FAO: At least we can see some interest.

Japan To Test Blockchain For Government Contract System

Chuan Tian – CoinDesk

Japan is reportedly looking to integrate blockchain into its online systems for accepting government contract bids.

FAO: Japan is one of the world’s leaders in adopting blockchain and adapting regulation.

Russia Continues To Explore Blockchain Adoption

Jordan Daniell – ETH News

The Russian government has again released information regarding the potential adoption of blockchain technology.

Startups, Accelerators & Hubs

Crypto Valley Startup Takes on Swiss Banking System With Blockchain

William Suberg – The Cointelegraph

A managing partner of Xapo is looking to use Blockchain to reinvent the age-old Swiss banking industry.

Associations & Federations

Blockchain Federal Association Established In Germany

Dan Cummings – ETH News

The German Blockchain Federal Association will propose a pro-blockchain political agenda to the succeeding German government body in order to encourage innovation within the country’s economy.

FAO: Hip hip…

Blockchain Gets Its Own Lobby Group in German Parliament

William Suberg – The Cointelegraph

Germany has received its own Blockchain government lobby group the Blockchain Bundesverband, the country’s first dedicated to cryptocurrency.

Analysis

Beyond Bitcoin: How Blockchain Is Changing Banking

Avi Salzman – Barron’s  (subscription)

The digital currency has taken off this year, nearly tripling in price.

Noise Apart, What Makes Ethereum A Long Term Investment

Melwin Philip  – Seeking Alpha

The technology behind Ethereum is disruptive in nature.

FAO: Two articles focused on the crypto market cap leaders. The two currencies have a combined market cap reaching $67bln (67% of the total).

 

FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News