Blockchain Daily News – Edition 12, 19.07.2017
July 19, 2017
Blockchain Daily News – Edition 14, 21.07.2017
July 21, 2017

Blockchain Daily News – Edition 13, 20.07.2017

Blockchain Daily News

by Florin Oprea

Edition 13, 20.07.2017

Deals, Investments & M&As

A Chinese Bitcoin Tycoon And His Record-Breaking ICO

Wolfie Zhao – CoinDesk

One of China’s biggest bitcoin investors has raised approximately $82m in an ICO, setting a new record for the novel fundraising method in China.

FAO: The project raised approximately $82m: 5,853 bitcoin, 106,757 ether and 30,430,519 EOS. Unfortunately it reached less than half of the initial target of $200m due to an important slide of prices in crypto markets last week.

Filecoin ICO, Launching Next Week, Aims To Resolve Token Sale Problems

Laura Shin – Forbes

Amid the frenzy around initial coin offerings — the fundraising phenomenon that has raised $1.2 billion in crowdsales this year for new projects, many of them little more than white papers — there are serious entrepreneurs focused on building transformative technology.

FAO: Filecoin is the first offering on CoinList, a new venture created by Protocol Labs, in conjunction with AngelList.

Exchanges & Trading Venues

The London Stock Exchange Group Has Started Using Blockchain Technology

Lynsey Barber – City A.M.

London Stock Exchange Group will use blockchain technology to help un-listed businesses make shareholding information more transparent.

FAO: Has anybody seen my permanent marker? I want to mark this day in my calendar. LSE starts blockchain testing. #OMGSection!?!

Kraken Estimates Last Quarters Trading Volume 10x Previous-High

Bitcoin.com

Kraken’s CEO, Jesse Powell, has stated the cryptocurrency exchange’s volume during the second quarter of 2017 comprised 10x more trade than during the company’s preceding all time high. Despite this incredible spike in volume, Powell speculated that the cryptocurrency markets will likely see growth of 10x to 100x in coming years.

PHILIPP SANDNER, Frankfurt School Blockchain Center: I think this is a “one hit wonder”; next quarters will not show that high volumes.

Invest.com Group Launches Token Sale (ICO) For New Platform Using Bancor

Avi Mizrahi  – Finance Magnates

Bancor, which recently raised about $150 million to enable continuously liquid cryptocurrencies, announced today that the invest.com Group will use its protocol to launch Stox, a prediction market platform. The Group is well known in the online industry for its CySEC-regulated brokerage subsidiary.

Latest Developments & Agreements

IOTA Foundation Partners With Imperial College London To Drive Tangle DLT

Ian Allison – Internațional Business Times

The IOTA Foundation is collaborating with Imperial’s Centre for Cryptocurrency Research and Engineering (IC3RE) as part of Outlier Venture’s ongoing three-year strategic research and development programme with the university.

PHILIPP SANDNER, Frankfurt School Blockchain Center: Interesting to see how IOTA strategically commences multiple cooperations.

Regulation

Exchange Trade Group: Jurisdiction is Challenging DLT Adoption

Wolfie Zhao – CoinDesk

A new report by a global industry association for securities exchanges has focused on blockchain adoption issues among its members.

FAO: World Federation of Exchanges (WFE) responds to a discussion paper on DLT proposed by UK’s Financial Conduct Authority.

Belarus Stakes On Blockchain, Cryptocurrency In View Of Inviting International Funds

Darryn Pollock – Cointelegraph

Belarus has drafted a bill this week that addresses high tech IT spheres including Blockchain technology, cryptocurrency and even self-driving cars, in the hope of attracting international investment in technology that were once forbidden or seen as too risky.

FAO: All sort of interesting blockchain initiatives are emerging from ex-soviet space. Remember we had Kazakhstan’s announcement last week. Not to forget Putin’s meeting with Vitalik Buterin, the founder of Ethereum, reported last month, during our soft launch.

Associations & Federations

150 Members: Indian Government, Mastercard Join Enterprise Ethereum Alliance

Michael del Castillo – CoinDesk

The Enterprise Ethereum Alliance is revealing its newest members.

As with previous announcements, entrants are divided between legacy institutions and startups building on the ethereum blockchain.

FAO: EEA getting bigger and bigger. Among new members: Mastercard, Cisco Systems, Scotiabank, Loyyal Corporation and QIWI Blockchain Technologies.

Supercluster Funding Bid Could Supercharge Blockchain Development in Canada

Jessie Willms – Bitcoin Magazine

Four organizations in Canada’s blockchain tech sector are going all out this week to submit their application letter to the federal Ministry of Innovation, Science and Economic Development (ISED) before the July 21 deadline to be considered for funding under the government’s new Innovation Superclusters Initiative.

FAO: The Blockchain Research Institute (BRI), ColliderX, the Blockchain Association of Canada (BAC) and the Information and Communications Technology Council (ICTC) teaming up to get the $950 million offered by the Canadian government. Sounds like: “Tous pour un, un pour tous, c’est notre devise.”

Other news

Emerging Applications For Blockchain

Chalmers Brown – Forbes

Here are some incredible ways that blockchain is being applied that illustrate just how much this technology can — and will — make a difference in numerous industries beyond the financial world.

Opinion

Silicon Valley’s Crypto Currency Craze Is A Bubble In The Making

Financial Times (subscription)

Imagine a market where almost anyone can launch their own currency in exchange for millions of dollars of liquid funding without so much as a liability. Now imagine a market where the only limit on how much you raise is not the viability of your business venture or its capacity to generate positive cash flows in the future, but the breadth and scope of your vision for decentralisation, code or capital appreciation.

FAO: In the making? Others say it’s about to burst.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News