by Florin Oprea
BitPay announced that it is raising $30M in a strategic Series B funding round led by Aquiline Technology Growth, a fund managed by Aquiline Capital Partners that invests in early- and growth-stage financial technology companies.
FAO: Total funding reaches almost 63m in four rounds. The previous one, another $30m in 2014, was led by Index Ventures.
Sujha Sundararajan – CoinDesk
The Commonwealth Bank of Australia has revealed a plan to issue a bond over a blockchain system, possibly as soon as next year. Though few details were revealed, Sophie Gilder, CommBank’s head of blockchain, said that the bond would be transferred and paid for over a blockchain-based system in collaboration with an unnamed major world issuer, according to ZDNet report.
FAO: More and more bond issuers choose “the blockchain way”. Daimler did it in July.
Rob Price – Business Insider
TMT Investments with $70 million under management that has previously invested in companies including recruitment analytics firm Gild, cloud storage firm Backblaze, and ecommerce startup Wanelo. is now branching out into the cryptocurrency space. It announced a new $60 million fund that will invest explicitly in firms that focus on blockchains.
John McCrank – Reuters
Intercontinental Exchange (ICE) has put a lot of thought into the idea of futures contracts on cryptocurrencies like bitcoin, but has yet to move forward due to the opaque nature of the underlying markets, the NYSE owner’s CEO, Jeff Sprecher, said.
DNT: For now…for now..But time will tell. I’m launching a challenge: within a year ICE will move forward on cryptos derivatives. What do you think? Send us your thoughts.
FAO: Seems there will be no ICE on this HOT market. We say for now. Jeff Sprecher, whom we “studied” very closely back when we were editing a daily newsletter focused mainly on exchanges, is a “very patient hunter”. He will wait, and wait, and “strike” at the perfect moment. Mark his own words: “We didn’t think it was obvious to rush out a product and be first…”
Ryan Browne – CNBC
Cryptocurrencies’ total market value edged up to another record high surpassing that of the U.S.’ largest bank. The combined market capitalization of all digital currencies reached an all-time high of more than $370 billion according to Coinmarketcap data.
DNT: And new records are shaping up, as BTC hit $15k.
FAO: We could have picked another article, but the comparison with JP Morgan was more fun to have. Maybe Jamie is also reading us…
First the Nordea Bank AB CEO called it a “joke” and an “absurd” construction. Then Danish banks said they wouldn’t touch cash from bitcoin speculation. Now, one of Scandinavia’s biggest investors is airing its skepticism.
“One can of course sit down and read about the technical design, but bitcoin and the role it’s supposed to play is something we basically don’t feel comfortable with,” ATP Chief Investment Officer Kasper Ahrndt Lorenzen said in an interview in Copenhagen.
DNT: If you don’t feel comfortable with it, that doesn’t mean it’s a joke…And even if it is, it’s a $15k one…So, knowing that regularly, a very small part of funds can be invested in high risk assets, I have one question for ATP Denmark’s largest pension fund: it would have been a good investment to buy BTC in July, this year, when it was around $2k and sell it now? Maybe the uncomfortable feeling comes from missing that chance…
Berkeley Lovelace Jr. – CNBC
Bitcoin’s run is very similar to that of silver’s nearly 40 years ago, renowned trader Mark Fisher said
Fisher: “The reason people are so attracted to bitcoin is because people want something that’s actually moved dramatically, that there’s no Wall Street to it,” “The thing that every cab driver is talking about all day long.” “Bitcoin was what silver was back in the late ’70s and ’80s — for sure.”
Matthew Burgess, Vivek Shankar – Bloomberg (subscription)
The Australian Financial Review (subscription)
Zheping Huang – Quartz
The Australian Securities Exchange said that it would use blockchain to clear and settle trades, becoming the world’s first mainstream equity market to employ the technology behind bitcoin for its core services. The ASX will replace its decades-old settlement and clearing system known as the Clearing House Electronic Subregister System (CHESS) with blockchain technology to reduce costs for customers by the end of next March, the exchange said.
FAO: K BOOOOOOM! They finally decided! This will change everything in the exchange universe! Good job ASX, and congrats to Blythe Masters and her team at DAH! And no, we still do not think Masters will end up at LSE, especially after this success.
DNT: An HISTORIC announcement for blockchain! And it’s just the beginning!
Nikhilesh De – CoinDesk
Revolut is adding litecoin and ether trading to its app-based service.The move to add new cryptocurrency options follows the company’s integration of bitcoin support last July, having completed a $66 million Series B funding round.Chief executive Nikolay Storonsky announced that all customers would be able to begin trading in the new offerings today according to TechCrunch.
Pundi X is making its debut appearance in Europe at the 2017 FinTech Connect Live Expo, where it will showcase its Pundi X POS device on booth P49 from December 6-7. Retail stores seeking to accept cryptocurrencies are able to offer their customers a smooth transaction experience via the Pundi X POS device. Connected to the Bitcoin, Ethereum, NEM, and QTUM blockchains, the Pundi X POS device will enable consumers to easily buy or sell cryptocurrencies using fiat money (USD, EUR, GBP, etc.), bank card, mobile wallet or with an NFC-enabled Pundi X Pass.
Grace Leong – Straits Times
Singapore’s first legal dispute involving the BTC is headed for trial in the Singapore International Commercial Court. At issue are trade proceeds, whose value has swelled from US$3.78 million (S$5.1 million) to potentially over US$30 million, thanks to bitcoin’s meteoric surge past US$11,000 in recent days.
Jon Russell – TechCrunch
NiceHash has confirmed that it has hit by attackers who snatched bitcoin. The company has paused operations for 24 hours while it figures out exactly how much was swiped and how it was taken.
FAO: Another mess…
Brady Dale – CoinDesk
Bitcoin’s eye-popping price movements have some observers saying the market is in bubble territory.But while he’s not ruling it out entirely, Naval Ravikant, the co-founder of AngelList, holds a less alarmist view. “Money is a bubble that never pops,” he said.
DNT: Check here – Deals, Investments & M&As Section, for details about Naval Ravikant investing philosophy.
Brian Ellsworth – Reuters
Venezuela’s plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say.
DNT: More about Venezuela’s plan to create an oil-backed cryptocurrency in yesterday’s bulletin.
Fanis Karapatsakis – Fox Business
Russian cybercrime suspect Alexander Vinnik, who is wanted in the United States on charges of laundering billions of dollars’ worth of the virtual currency bitcoin, appeared Wednesday before Greece’s Supreme Court for a hearing into his extradition to the U.S.
DNT: Check the evolution of this well-known case in our free Archive.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News