by Florin Oprea
Aziz Abdel-Qader – Finance Magnates
Nearly 153,000 units of cryptocurrency Ethereum, worth about $32 million, was stolen from three of the largest Ether multisig wallets in a hack seeming perpetrated today. The event is one of the biggest security breaches ever for the Bitcoin rival and it has the global cryptocurrency community rattled.
FAO: Second attack this week…#speechless
DNT: Yeah, this is already a BIG problem and the solutions seem to be far away…
PHILIPP SANDNER, Frankfurt School Blockchain Center: Maybe, with the Internet of Value arriving through blockchain technology, coders needs to be a little bit more perfectionistic like engineers?
Michael del Castillo – CoinDesk
The blockchain branch of retail giant Overstock announced its first investment in Symbiont, a startup aimed at streamlining the way financial instruments are traded.
FAO: Actually Overstock’s Medici Ventures invested in Symbiont. Terms were not disclosed. In the last two years Wicklow Capital and Hundsun Technologies also invested in Symbiont.
The EU’s biggest Research and Innovation programme, Horizon 2020, announced that it granted funding of almost EUR 2M to Billon Group, under the SME Instrument programme, to expand its innovative DLT solutions beyond instant corporate payments, into eCommerce and content monetization solutions.
FAO: Billon Group already received regulatory approval in two EU countries, and acceptance into the FCA sandbox program.
JP Buntinx – The Merkle
FAO: K’ching! 6. MOBILEGO – $53.3 million, 5. TENX – $80 million, 4. STATUS – $95 million, 3. BANCOR – $153 million, 2. EOS – $200 million, 1. TEZOS – $208 million.
Leo Kelion – BBC News
The value of the virtual currency Bitcoin has always been volatile. Even so, there has been particular turbulence in recent days as fears of a “civil war” among its adherents first grew and then subsided, although they have not gone away altogether.
Bailey Reutzel – CoinDesk
With a major inflection point for bitcoin just days away, some users are beginning to wonder about the safety of their holdings on major exchanges.
FAO: Isn’t it a natural reaction?
Sidhartha Shukla – Money Control
Indian bitcoin exchanges are likely to stop operations for some time during the period around August 1, citing concerns revolving around bitcoin’s software update.
Unocoin plans to suspend its services for about 72 hours until it gets more clarity post the network update, Sathvik Vishwanath, Co-Founder and CEO, Unocoin told Moneycontrol.
PHILIPP SANDNER, Frankfurt School Blockchain Center: Interesting to see multiple services shutting down services over August 1. It is probably the best strategy to wait until the dust will settle.
Having successfully launched bitcoin, USD and EUR gateways, Waves has now implemented an Ether gateway within the lite client – opening more possibilities for decentralised trading.
The gateway will enable users to store ETH and trade it against other tokens on the DEX.
Colin Firth – Finance Magnates
Internet giant GMO Internet Inc. of Japan announced the launch of the GMO Blockchain Open Source Software Project (GMO Blockchain OSS). The system will allow users to develop programs using blockchain as open source. In a first attempt by the company using this platform, the company has developed an open source medical record sharing system and launched it on July 6th, 2017.
Russia is currently working on a regulatory framework to legalize ICOs. This is in addition to a bill that is being finalized to recognize cryptocurrencies such as bitcoin and ether.
FAO: Russia is “pedal to the metal” in this “business”. We should expect more in the next period.
Leigh Cuen – International Business Times
Brexit anxiety be damned: The UK is moving to protect London’s leading role in the global fintech ecosystem. Reuters reported the Bank of England published a detailed plan (yip, reported yesterday) for widening access to Britain’s interbank payments system and encouraging mobile P2P.
FAO: Meanwhile in the UK…
Wolfie Zhao – CoinDesk
Coinbase users aren’t backing down from an effort to shoot down an IRS subpoena seeking customer names and transaction data for an investigation on their potential tax liabilities.
FAO: Meanwhile in the US of A…
Matthew De Silva – ETH News
Governor of the Austrian Central Bank Ewald Nowotny warned users about the speculative nature of virtual currency. Nowotny also serves as a member of the governing council of the European Central Bank.
Financial innovation firm R3 leading a blockchain consortium of global financial institutions may open an office in Russia, Russian payments provider and consortium member Qiwi told RNS.
FAO: Natural step, taking into account this country’s advance and plans in this sector.
Jen Wieczner – Fortune
As lending startup SoFi expands from student loans to full-service banking, it is also venturing into one of the trendiest areas among big Wall Street banks at the moment: blockchain.
John Crudele – New York Post
It’s well known that digital currencies like bitcoin can be used for illicit things such as money laundering. That is, it seems to be common knowledge to everyone except the operators of the small grocery stores that are allowing bitcoin, the original digital currency, into their places of business.
But that may be changing.
FAO: Touche! “I’m going to get nasty reactions for saying this, but I believe bitcoin is a confidence game. But then again, so too are all the currencies of the world.”
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News