Blockchain Daily News – Soft launch Edition #17, 15.06.2017
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June 20, 2017

Blockchain Daily News – Soft launch Edition #18, 19.06.2017

Blockchain Daily News

by Florin Oprea

Edition #18, 19.06.2017

Deals, Investments & M&As

Ciao Group Announces Blockchain Frontier Markets Project With Initial $530 Billion Target

PR Newswire

Ciao Group, Inc. announced the Blockchain Frontier Markets Project. The Company recently announced the launch of its Cryptographic Enterprise Division lead by Henryk Dabrowski coming to Ciao from Alternet Systems, Inc. where he led the development and subsequent sale of Utiba Americas, a mobile financial remittance solution.

Finance Firms Back New Blockchain Research Lab In Beijing

Chuan Tian – CoinDesk

An equity exchange headquartered in Beijing is partnering with a group of Chinese crowdfunding and venture capital companies to launch a new blockchain research lab.


Ethereum Classic Becomes First Crypto Research On Bloomberg Terminals

William Suberg – The Coin Telegraph

Ethereum Classic has made history becoming the first digital currency research available on Bloomberg Terminals.

PHILIPP SANDNER, Frankfurt School Blockchain Center: Unfortunately, this does not help that much when the developer community is not that strong compared to Ethereum such that progresses on other dimensions are missing.

Exchanges & Trading Venues

Reports Indicate Kraken’s Trading Engine Can Mess Up During Periods Of High Trading Volume

JP Buntinx – The Merkle

Reports Indicate Kraken’s Trading Engine Can Mess Up During Periods of High Trading Volume.

FAO: Yeah, well, I think I can name a lot of major “classic” stock exchanges in the world that have experienced outages not only in high trading volumes.  

Comexes Opting For Blockchain Technology

Rajesh Bhayani – Business Standard

After banking and financial sector companies, commodity exchanges are looking at using blockchain technology, which became known after the popularity of digital currency Bitcoin.

FAO: India is another rising power in fintech and blockchain. Just take a look at recent foreign investments in these sectors in e.g. here.

Singapore Exchange To Trial Blockchain Verification For Diamond Trading

Chuan Tian – CoinDesk

A diamond exchange service based in Singapore is partnering with two blockchain startups.

FAO: Looks like not only Indian comexes are looking this way.

Coinbase Freezes $40k Ross Ulbricht Funds As Rumors Fly

William Suberg – The Coin Thelegraph

Coinbase has disabled a wallet used by the action group working to free imprisoned Silk Road creator, Ross Ulbricht.


Swift CEO Says Hackers Can Unite Banks And Blockchain Disruptors

Michael del Castillo – CoinDesk

When the CEO of Swift wants to learn about blockchain, he does it in style.


Kathryn Haun Joins Coinbase Board Of Directors


US-based bitcoin exchange Coinbase announced today that former federal prosecutor Kathryn Haun has joined the Coinbase, Inc. company Board of Directors.

Blockchain Bank Babb Appoints Ripple Advisor As CTO


Blockchain-based banking startup BABB has announced the appointment of blockchain heavyweight Dr. Anish Mohammed, who has joined the team as CTO & CSO to spearhead the launch of the world’s first blockchain-based bank account.

Latest Developments & Agreements

Coinsilium Teams With Blockchain-Focused Hedge Fund HyperChain Capital


Under the terms of the MoU, the firms will collaborate and finance co-investment opportunities in blockchain companies

QUOINE Launches Fully Digital Crypto-Only Platform, Offers Negative Fees to Attract Liquidity


Developed to meet the trading needs of a growing professional and retail market, QRYPTOS was designed to make cryptocurrency trading convenient and efficient for everyone from the novice investor to corporate clients.

World’s First Blockchain Insurance Marketplace To Launch Ambitious ICO

William Suberg – The Cointelegraph

The world’s first Blockchain-based insurance marketplace, InsureX, is set to launch an ICO in July 2017 in a bid to raise at least 2200 ETH.

PHILIPP SANDNER, Frankfurt School Blockchain Center: As intermediaries, insurance companies should have a deep look concerning the new kind of risk model and the business model deployed here.

Exchange-Traded Bitcoin Vehicle Announces Cold Storage Deal

Chuan Tian – CoinDesk

XBT Provider, a Swedish bitcoin investment company based in Stockholm, has announced a new partnership with cryptocurrency storage startup Xapo.

Startups, Accelerators & Hubs

Is Africa The Next Hub For Blockchain Development?

Christopher Tozzi – Nasdaq

Compared to Western nations, many areas of Africa lack extensive infrastructure, entrenched financial institutions, a high degree of political stability and/or large pools of capital. In most traditional senses, these challenges constrain opportunities for growth on the continent.

FAO: Have a look at my comments today in our sister publication FinTech Daily News.


Third R3 Smart Contract Templates Summit Focuses On Industry Standards

Automated Trader

Over 100 representatives from banks, market infrastructure firms, trade associations, law firms and academia attended in person, with a further 50 representatives participating remotely. The aim was to drive progress through open innovation and open collaboration.


Why Bitcoin Can’t Serve As A Currency

Paulo Santos – Seeking Alpha

Now, with Bitcoin having previously rallied so much, it’s likely that many “investors” in this “digital currency” were convinced that not only did it serve its purpose as a currency, but it also was actually a pretty good one. However, to be a currency/money, what’s usually asked of a candidate is for it to fulfill three functions: to be a medium of exchange, unit of account, and store of value.

Inside Ripple’s Plan To Make Money Move As Fast As Information

Brian Patrick Eha – American Banker

The San Francisco startup, which began years ago by launching a cryptocurrency but has since turned its attention to business applications for blockchain technology, can easily prove its bona fides in the second camp

Bitcoin And Ethereum Just Crashed, Taking Coinbase Down With Them

Jen Wieczner – Fortune

After both hit all-time highs, Bitcoin and Ethereum prices plummeted as much as 25% Thursday — but many investors were unable to trade for much of the selloff.

FAO: Just a normal market reaction, I would say. What say you?

Other news

Venezuelans Are Seeking a Haven In Crypto Coins As Crisis Rages

Camila Russo – Bloomberg

Crypto coins’ gyrations require nerves of steel, but to an increasing number of Venezuelans, they’re the safest currency they can own.

FAO: Clever Venezuelans…


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