Blockchain Daily News – Edition 15, 24.07.2017
July 24, 2017
Blockchain Daily News – Edition 17, 26.07.2017
July 26, 2017

Blockchain Daily News – Edition 16, 25.07.2017

Blockchain Daily News

by Florin Oprea

Edition 16, 25.07.2017

OMG Section!?!!

Pennsylvania Police, Hunting For Stolen Laptops, Say They Stumbled On $40 Million Bitcoin Scam

Kyle Swenson  – The Washington Post

According to federal court documents, detectives from the Northampton Township Police Department north of Philadelphia began tracking the unemployed 30-year-old earlier this month after fielding a complaint from Price’s girlfriend’s parents about stolen laptops. But what started out as an alleged deadbeat boyfriend boosting valuables quickly accelerated into a wilder situation — and one with considerable more money involved.

FAO: Looks like we keep needing this “OMG Section” in each bulletin. Don’t even want to think this is normal…What’s next? How can “market actors” improve the security of digital assets? Send us your thoughts here.

DNT: Wow!! Totally agree with Florin! This type of news tends to become a constant.

Deals, Investments & M&As

Major Startups Whose ICOs Tanked Ethereum Price Will Help Raise It Again

Olusegun Ogundeji – The Cointelegraph

Several factors would be responsible for the Ether price to rise organically to $400 again or even higher in coming weeks. One of them would be a result of the roles of the startups whose ICOs reportedly brought down the price in the first place.

FAO: Interesting opinion.

Cryptocurrencies

Bitcoin May Still See a Blockchain Split on August 1st

JP Buntinx – The Merkle

Even though most Bitcoin users feel that there will be no chain split in the next few weeks, they may be wrong.

FAO: I think one thing is certain – we will have increased volatility in the coming days/weeks.

What Stands In The Way of Global Cryptocurrency Adoption?

The Market Mogul

It’s first important to note that the market cap of BTC is just north of $37bn and the second highest, Ether (ETH) is at $18bn. In addition, 24h trading volume for BTC is c $1.2bn and ETH is c$1.6bn, thus demonstrating that these cryptocurrencies are becoming a popular medium for investment, transactions and speculation.

Latest Developments & Agreements

Singapore Startup Takes Bitcoin Into Real World With Visa

Krystal Chia & Sterling Wong – Bloomberg

TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2 percent cut from each transaction and has received orders for more than 10,000 cards. While transactions are capped at $2,000 a year, users can apply to increase the limit if they undergo identify verification procedures.

DNT: Hmm, sounds interesting, in the effort to make Bitcoin mainstream..but with all the recent cyber security issues, there are some question marks.

FAO: Touche! Decebal’s opinion is more than pertinent. Hmmm…I wonder, will they introduce a customer service too!?!

Regulation

Singapore Reveals Plans For Central Bank-Issued Cryptocurrencies

Naomi Barzel – Finance Magnates

The Monetary Authority of Singapore (MAS) has announced Project Ubin, its plan to use distributed ledger technology to connect central banks around the world.

FAO: Singapore is makes waves, again. MAS’ Project Ubin is being established in partnership with banking consortium R3, BAML, JPMorgan, Credit Suisse, and Mitsubishi UFJ Financial Group.

UK Vs. US: Liberalization Of Fintech vs. More Regulation

Joshua Althauser – The Cointelegraph

Based on the policies involving cryptocurrencies and Blockchain technologies, UK moves to liberalization of cryptocurrencies while the US looks into more regulations.

FAO: I think both can take notes from Singapore…Agree?

Analysis

Dash Price Soars After Getting Accepted On App Store

Joshua Althauser – The Cointelegraph

Dash is currently the seventh biggest digital currency in the world in terms of the total market cap, which is valued at about $1.4 bln and has been increasing after getting accepted on the App Store.

FAO: With a market cap of more than $1.5B (at the time of writing) DASH is now a top 5 cryptocurrency.

Other news

When Thieves Strike, Cryptocurrency Investors Tremble

Jonathan Berr – CBS News

Cryptocurrency Ethereum has emerged from the shadow of its better-known rival Bitcoin thanks to its skyrocketing price — that has also made it a tempting target for hackers.

FAO: Discussing last week’s heists.

Opinion

The Guardian View On Cryptocurrencies: Bubble And Chic

The Guardian

The explosive growth of cryptocurrencies suggest there is more to the phenomenon than speculative froth. But what?

FAO: Worth reading.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News