by Florin Oprea
Elliot Feeny & Brandon Green – Bitcoin Magazine
Jonathan Keane – CoinDesk
Brave, the upstart web browser founded by Mozilla co-founder Brendan Eich, completed an initial coin offering (ICO) today that is likely to be distinguished for its speed and earnings.
Overall, the sale for Brave’s ethereum-based Basic Attention Token (BAT) generated about $35m and was sold out within blocks, or under 30 seconds. One buyer went so far as to purchase 20,000 ETH (or about $4.7m) worth of tokens – designed to monetize online attention and create a new revenue source for publishers.
Prof. Dr. Philipp Sandner, Frankfurt School Blockchain Center:
“While the concept is good, it might not be feasible to operate such a business model with the current transaction costs in Ethereum (0.08 USD to 0.10 USD per transaction)”
Jessica Sier – AFR
“This is what I live for!” crows one cryptocurrency trader on the popular forum, Reddit. “The minute these babies hit 1000, I’m cashing out and buying a crypto-yacht.”
Jerry Brito – Fortune
Bitcoin could become critical infrastructure that one day revolutionizes the online economy. Like the open Internet, support from government is key to fostering its growth. Fortunately, there are concrete steps that the U.S. government can take to ensure the country’s competitiveness in this booming sector.
An anti-establishment technology faces an ironic turn of fortune.
FAO: Meanwhile in Russia, President Putin met the founder of Ethereum, Vitalik Buterin
Andrew Quentson – Crypto Coins News
According to Russia’s Press Secretary, after communication with CEOs of the largest corporations, the Russian president briefly communicated with the founder of Ethereum, Vitalik Buterin, who spoke about the possible use of blockchain technologies in the Russian Federation. The Russian president has supported the idea of establishing business contacts with possible Russian partners, the press secretary said.
FAO: Wonder what was the topic of their discussions…
Cryptocurrencies and blockchain technology has received significant attention at the ongoing Saint Petersburg International Economic Forum. The Russian Central Bank made an important announcement regarding its plans to introduce a national cryptocurrency during the event.
The introduction of a national cryptocurrency comes at a time when Russia is mulling over the possibility of legalizing Bitcoin and other altcoins in the country. The plans to develop a national cryptocurrency was announced by Russian Central Bank’s Deputy Chairman, Olga Skorobogatova.
Exchanges & Trading Venues
Moscow Exchange is considering the possibility of launching trading in cryptocurrencies, the Moscow Exchange CEO Alexander Afanasiev told reporters on the sidelines of the St. Petersburg International Economic Forum 2017 (SPIEF 2017).
FAO: Maybe Putin just offered Vitalik Buterin a job somewhere…
Tomio Geron – Wall Street Journal
Talks with VC firms come amid virtual currency’s price surge.
Zeeshan Feroz, CEO (UK) at Coinbase – The Coinbase Blog
“We opened our doors to users in Europe back in 2014. Since then, we have steadily seen our user base grow and the last 6 months have been our strongest ever. The United Kingdom is our fastest growing market with Switzerland, Spain and France close behind.”
Billy Wood – BDaily
Coinbase has moved into new offices in London as it looks to capitalise on the boom and fuel its global expansion.
FAO: A bridge too far? What do you think?
Stan Higgins – CoinDesk
According to social media posts and a subsequent statement from Vancouver-based QuadrigaCX, the issue had to do with a previously used “splitter contract” which was utilized to separate incoming ethers and classic ethers (another cryptocurrency that arose from a blockchain split last year).
Yet a recent ethereum client software update, according to QuadrigaCX, led to an issue with how the smart contract functioned.
Chalmers Brown, co-founder & CTO at Due. – Forbes
Before you jump right in, there is a certain skill level that is necessary to create your own cryptocurrency brand.
Michael del Castillo – CoinDesk
Ripple open-sourced the first bitcoin plug-in for its Interledger protocol (ILP), designed to seamlessly let users conduct transactions across a wide range of ledgers.
By open-sourcing the bitcoin tool, along with another plug-in for enterprise-focused platform Chain, Ripple was able to conduct, in a live demo, a single transaction across seven different ledgers. Conducted at the Blockchain Expo in Berlin, Germany, the single transaction went across public blockchains, private blockchains, a centralized ledger and a traditional payment channel.
FAO: Notable Ripple breakthrough.
Stan Higgins – CoinDesk
Daichi Iwata, who leads the NEC’s fintech business development office, is also joining Hyperledger’s governing board.
A group of fifteen consortium members from seven European countries has initiated project TITANIUM (Tools for the Investigation of Transactions in Underground Markets), to curtail criminals and attackers from using blockchain technology to avoid law detection, while at the same time respecting the privacy rights of legitimate users.
The researchers are in a consortium undertaking a three-year, €5 million project, funded by the European Union aimed at developing technical solutions for investigating and mitigating crime and terrorism involving virtual currencies and underground market transactions.
Sasha Ivanov, CEO of Waves, spoke at St. Petersburg International Economic Forum (SPIEF)
William Suberg – The Cointelegraph
The RT host tweeted Friday that despite the boom and bust cycles, Bitcoin would continue to defy naysayers and continue growing – first to $3,000, then $10,000 and “all the way to $100,000 and beyond.”
FAO: no comment.
Is the latest frenzy like tulip-mania, a gold rush or the dotcom boom?
FAO: Let’s ask Max (see previous story) or Mrs Watanabe (see below)
Minami Funakoshi & Joyce Lee – Reuters
Asia’s moms and pops, already regular investors in stock and futures markets, have been dazzled by bitcoin’s 100% surge so far this year. In comparison, the broader Asian stocks benchmark has gained 17 percent over the same period.
William Mougayar – CoinDesk
Tired of scams? In this opinion piece, Mougayar argues that more failures are what’s needed to take blockchain technology to the next level.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News