Blockchain Daily News – Edition 178, 27.03.2018
March 27, 2018
Blockchain Daily News – Edition 180, 29.03.2018
March 29, 2018

Blockchain Daily News – Edition 179, 28.03.2018

Fans’ Section

Companies Clamp Down On Crypto Ads As Regulators Play Catch-Up

Tommy Wilkes &  Fanny Potkin – Reuters

A growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast-emerging industry.

Deals & Investments

Morgan Creek Acquires Full Tilt Capital for Blockchain Push

Julie Verhage – Bloomberg (subscription)

Venture firm Full Tilt Capital LLC has been acquired by a hedge fund looking to make a big bet on blockchain. The company will be part of Morgan Creek Capital Management LLC, a hedge fund with more than $1 billion in assets under management.

FAO: Morgan Creek is a hedge fund with more than $1 billion in AUM. And they will have the money ready when the proper regulation will be in place. What do you think about all these new announcements of new funds allocated to blockchain/cryptoverse? Share your opinion –  join our LINKEDIN GROUP or TELEGRAM GROUP!

Blockchain Startup Spring Labs Raises $15 Million In VC Four Months After Its Founding

Jeff Kauflin – Forbes

Spring Labs raised $14.75 million in early-stage investment. Venture firm August Capital led the seed funding round. Other investors included GreatPoint Ventures, Jump Capital, private equity firm Victory Park Capital and crypto asset manager Multicoin Capital.

DNT: The main objective of Spring Labs is to provide more secure and efficient identity verification for  financial institutions.

Massachusetts Regulator Blocks ICOs By Five Firms

Elizabeth Dilts & Anna Irrera – Reuters

Massachusetts’ top securities regulator has ordered five firms that were allegedly conducting ICOs for cryptocurrencies in the state to halt the sale or offer of their “unregistered securities,” he said. William Galvin, the secretary of the commonwealth in Massachusetts, said his office ordered Mattervest Inc, Pink Ribbon ICO, Across Platforms Inc, Sparkco Inc and 18 Moons to stop sales of their coins.

Future Stars?

Have an interesting project/company looking for more visibility? Why don’t you send us more details, and after our review your project might get listed it in this section! Contact us HERE!

Exchanges & Trading Venues

Bitfinex Denies Listing Venezuela’s Petro Token Anytime Soon

Aziz Abdel-Qader – Finance Magnates

Bitfinex said it would not be updating its list of cryptocurrencies on offer to add Venezuela’s newly released cryptocurrency, the petro.‎ ‎In its blog post explaining the decision, Bitfinex‎ pointed to United States President Donald Trump’s executive order which prohibits US citizens from engaging in ‎transactions using the oil-backed digital currency.

DNT: No comment. What I have said to them? An order is an order. 🙂

Cryptocurrencies

Crypto Market-Cap Dips Below $300 Billion As Bitcoin Nears Long-Term Support

Aaron Hankin – MarketWatch

The total value of digital currencies fell below $300 billion as more broad-based selling pushed some major digital currencies to multimonth lows.

Vendors

Hyperledger Tech Heats Up Ahead Of Blockchain Software Debuts

Michael del Castillo – CoinDesk

That’s how long Hyperledger executive director Brian Behlendorf had to get former Chilean president Michelle Bachelet up to speed on blockchain. Spurred by a special request from the nation’s lawmakers, Behlendorf was one of multiple blockchain experts called to the country to talk about the merits of the technology and the ways in which it could modernize the copper-rich nation’s mining supply chain. But even with such a short amount of time, Behlendorf believes he succeeded.”She was interested, and she wanted to learn more,” he said.

Latest Developments & Agreements

Wall Street Rethinks Blockchain Projects As Euphoria Meets Reality

Anna Irrera & John McCrank – Reuters

Wall Street has been much more excited about the system underpinning bitcoin than the cryptocurrency itself, but the global financial industry has not yet been able to do much with the technology known as blockchain. Several blockchain projects launched by major financial institutions have been shelved, as development of the technology enters a hype-meets-reality phase.The casualties include projects by the Depository Trust & Clearing Corporation, BNP Paribas and SIX Group.

FAO: What is reality?

A dream you dream alone is only a dream. A dream you dream together is reality.” –  Yoko Ono.

DNT: ..so, what brings us together? There’s a simple answer: Blockchain.

Regulation

Blockchain Caught In Regulatory Crossfire

Akash Karmakar – Livemint

The Indian cryptocurrency industry has been marred with uncertainty, given the laissez-faire approach followed by the government and the fear that regulators will not appreciate the nuanced distinctions between blockchain technology and blockchain products.

Events

Istanbul, today – Blockchain Venture Summit

Istanbul, today – FAO will speak about “Crypto Funds: The future of asset management”@#Blockchain #Meetup #Day @ koophub @ Workinton Register Free: https://goo.gl/C7Vhm3

Analysis

Bitcoin’s A Pretty Good Guide To Animal Spirits In Stocks

Eddie Van Der Walt – Bloomberg (subscription)

Bitcoin may not cut it as a currency in Mark Carney’s eyes, but it has at least one other use: it’s a pretty good measure of animal spirits.

Other news

Up Next For Crypto-Crazed Investors: A Slice Of NYC’s Plaza Hotel

Seema Mody – CNBC

A group of foreign investors looking to buy the iconic Plaza Hotel in New York City is considering an ICO to help fund the transaction.

Opinion

Fed’s Bostic Has A Message On Cryptocurrencies: ‘Don’t Do It’

Steve Matthews – Bloomberg (subscription)

Federal Reserve Bank of Atlanta President Raphael Bostic has a short message about cryptocurrencies like bitcoin: Avoid!

FAO: BTW, did you notice the relative bitcoin-silence of bankers recently?

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News