by Florin Oprea
Ari Levy – CNBC
Former analyst at Union Square Ventures is starting his own crypto fund.
That analyst, Joel Monegro, is now getting out of the traditional venture world to invest solely in crypto assets. Monegro recently left Union Square to start a crypto fund, joining forces with Chris Burniske, a blockchain expert formerly at ARK Investment Management.
FAO: Another crypto fund is taking shape. Earlier this month we reported about Roberto Ponce Romay, a former Bain manager, who launched Crypto Assets Fund (CAF).
Dean Takahashi – Venture Beat
Jon “Neverdie” Jacobs has done some crazy things, like running for “President of Virtual Reality” and buying a virtual asteroid for $100,000 in real money in the online game Entropia Universe.
FAO: Did he buy “Useless Ethereum Tokens” as well?
Rebekah Iliff – The Huffington Post
FAO: Interview with Jack Forestell, Visa, Inc.’s Head of Global Merchant Sales and Solutions.
Ismaeel Naar – Al Arabiya
Saudi entrepreneur Mohammed Alsehli is now trying to replicate Bitcoin’s success in the Arab world through his company ArabianChain Technology and DubaiCoin-DBIX, what may very well be the Middle East’s first digital currency.
FAO: There is a growing interest for blockchain initiatives in the Arab world. UAE, where ArabianChain is based, plan to invest more than $1 billion for creating a government-backed blockchain industry.
Fiona Keating – Independent
Alexandre Cazes, believed to be behind darknet marketplace AlphaBay, has been found dead in a Bangkok jail cell.The suspected co-founder of AlphaBay, one of the largest dark web marketplaces, was found unresponsive at Thailand’s Narcotics Suppression Bureau.
He was due to meet prosecutors pushing to extradite him to the United States just an hour before they found his body.
Andy Greenberg – Wired
Not since the days of the now-legendary Silk Road has a single site dominated the dark web’s black market as completely, and for as long, as the online bazaar known as AlphaBay. And with the news that the site has been torn down by a law enforcement raid—and one of its leaders found dead in a Thai prison—the dark web drug trade has fallen into a temporary state of chaos.
FAO: Unfortunately these black markets exist and little can be done to stop them. In this case the good triumphed over evil. A law enforcement operation deployed in three countries tore down AlphaBay.
Wolfie Zhao – CoinDesk
Digital currency exchange platform GDAX has revealed its contingency plans in the event a controversial bitcoin scaling proposal is activated.
BIP 148, which triggers a so-called user-activated soft fork (UASF), to activate the Segregated Witness (SegWit) scaling solution, are pushing ahead with their plans despite the popularity of another scaling proposal, Segwit2x, which pairs the activation of SegWit with an increase to the size of the network’s transaction blocks three months later.
JP Buntinx – The Merkle
Some Poloniex users are getting fed up with the company right now. Ever since the platform saw an influx of new users, the number of issues started piling up. GpuShack President, Alexander Levin, is one of the people who has taken issue with Poloniex.
Jonathan Keane – CoinDesk
Called BitClave, the startup is led by Alex Bessonov, who notably oversaw security controls and research for LG’s products in 2015 and 2016.
Baby boomers are the richest generation in US history, accounting for 70 percent of the nation’s disposable income, and inheriting some $13 tln in the next 20 years.
Yet Bitcoin users over 55 years old account for less than seven percent of the total market. What’s stopping the older generation from entering this $87 bln market?
FAO: The fear for the unknown and technophobia are at least two factors. Other things?
Sid Kalla – CoinDesk
As the headlines already attest, startups that have sold cryptographic tokens as part of a new wave of fundraisings are struggling to find qualified developers, but it’s a pain also shared by projects building public and private blockchains.
FAO: New initiatives in blockchain focused education could be a start. Universities already started to add blockchain to their course list, as reported here, during our soft launch.
Sarah Kocianski – Business Insider
Even as financial institutions (FIs) continue to invest in and experiment with blockchain technology, a major hurdle to the success of their initiatives remains — the availability of qualified talent to help them bring their plans to fruition.
Swissquote will commence with BTC trading with EUR and USD on its platform, with Bitstamp providing a full-stack solution for all of Swissquote’s requirements.
Zen Soo – South China Morning Post
Dianrong is combining blockchains to its loans assessment system, aimed at helping small and medium suppliers with unsteady cash flows breach the last mile of creditworthiness to obtain financing.
Jamie Redman – Bitcoin.com
Japan has had bitcoin fever over the past few months.
Evelyn Cheng – CNBC.com
Ethereum hit a low of $130.26, down 22 percent from Saturday night’s prices and the lowest since May 27, according to TradingView charts of Coinbase data.
Pete Rizzo – CoinDesk
The price of bitcoin hit a 49-day low on Sunday, falling below $2,000 for the first time in weeks amid a broad sell-off across crypto assets.
The value of the total supply of all cryptocurrencies and crypto assets tracked similarly, dropping to $72bn, a figure that was 37 percent lower than its all-time high of $115bn set in June.
Pete Rizzo – CoinDesk
The total value of all publicly traded cryptocurrencies has declined more than $10bn in the last 24 hours, amid a sell-off that broadly impacted the nascent asset class.
FAO: Crypto markets took another big hit at the end of last week. Market cap dropped more than 45% in the last month.
Gian Volpicelli – Wired
How did the equivalent of coupons for a supermarket under construction come to be worth $3.8bn, and counting?
The application of blockchain could lead to a per-year cost savings of $6-8 billion in KYC/AML, $30-40 billion in trade finance, and $50-60 billion in capital markets.
FAO: New report by BIS Research.
Max Opray – The Guardian
Blockchain-enabled energy trading could help lower carbon emissions but efficiency and privacy issues must first be overcome
DNT: Blockchain means “revolution”. So, I think the answer is YES. It could change the energy market. And it will, in the near future. What do you feel about this? Send us your thoughts.
Alan Kohler – The Australian Business Review (subscription)
Business and financial innovation is starting to focus on two things above all: artificial intelligence and blockchain.
DNT: The title of this story reminded me some lyrics from the song “Ready or not” (Fugees) “here I come, you can’t hide, gonna find you and take it slowly”. Seriously, this is the naked truth. As I said above, Blockchain means “revolution” and it involves AI also. We live the future!
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News