by Florin Oprea
Jen Wieczner – Fortune
Hackers hijacked cryptocurrency trading platform CoinDash on Monday just as it was in the middle of its initial coin offering, or ICO. It’s the first known breach of an ICO, this season’s hottest fundraising method.
PHILIPP SANDNER, Frankfurt School Blockchain Center: It is sad to see how a long planned ICO can go bust in a few days. These security issues is the reason, why regulation is needed. Not the ICO per se. Same with all the crypto exchanges.
FAO: Frequency of attacks increases. Only two weeks ago we reported about another attack…
Financial Times (subscription)
Almost $1.3bn has been raised so far this year by start-up technology companies via “initial coin offerings”, the blockchain community’s version of crowdfunding, according to a new report from Autonomous, the financial research provider.
Camila Russo – Bloomberg
Initial coin offerings have caught so much attention that even one co-founder of the ethereum network, Charles Hoskinson, says it’s time for things to cool down in a big way.
DNT: A quite unexpected statement, but all investors in digital coins ought to take risk into consideration.
Evelyn Cheng – CNBC
For all the hype in the digital currency world about so-called ICOs, U.S. investors often can’t officially participate.
Luke Graham – CNBC
Several of the largest bitcoin miners (who create new bitcoins and support the blockchain), including AntPool, BitClub, Bixin, BTC.com and BitFury, have started showing their support for bitcoin improvement proposal (BIP) 91, by adding a piece of code to each new block of bitcoins they generate.
FAO: Uncertainty about BTC brought volatility in crypto markets in the last weeks.
Michael del Castillo – CoinDesk
Since May, the inter-bank payments startup has grown its validator network by 140% to include 55 participants, all of whom are now maintaining the integrity of the XRP Ledger (formerly the Ripple Consensus Ledger), running software that helps it agree on the order in which transactions are settled.
Newly revealed validators include WorldLink, Telindus-Proximus Group, Swedish ISP, Bahnhof and AT TOKYO Corporation, a data center and systems integration service provider.
William Suberg – Cointelegraph
Chinese exchange OKCoin has confirmed it will halt trading over the SegWit lock-in period as a hard fork appears less likely.
Chuan Tian – CoinDesk
Micropayments startup SatoshiPay has announced it intends to phase out its use of the bitcoin blockchain as the underlying technology that enables its transactions.
FAO: SatoshiPay was backed by Blue Star Capital in January 2017.
Alexander Geralis – Cointelegraph
As the market matures and lures more traditional finance professionals, investors like John Mack see a gap in accessibility. Mack is putting money down in what he believes to be the right places – expect ICO later this year.
FAO: List of finance professionals now focusing on crypto markets is steadily growing.
Jon Buck – Cointelegraph
Any time there’s a major correction or major upsurge in values for any market, opinions and tempers flare about what could have caused it? When prices plummet, people tend to get especially upset.
PHILIPP SANDNER, Frankfurt School Blockchain Center: Excess volatility is caused mainly by (1) masses of naive market participants and (2) margin traders (a.k.a. speculators) – it is like roller coaster.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News