by Florin Oprea
Jeremy Roebuck – The Philadelphia Inquirer
Depending on whom you believe, Ted Price of Hatfield is either one of the most audacious cybercriminals to hit the internet in almost a decade or a drug-addled fabulist with delusions of grandeur.
FAO: Makes reference to the topic of the other day’s #OMGSection!?!!
A Russian arrested in Greece on suspicion of running a money laundering operation through a bitcoin platform is 38 year old Alexander Vinnik, police sources said on Wednesday.
FAO: “was thought to have used bitcoin to launder ‘at least’ $4 BILLION”…One thing gets clearer by the day: #OMGSection!?!! has all the chances to become a daily section of BDN.
Hackers struck the Ethereum platform twice in consecutive weeks – this time stealing more than $8 million worth of cryptocurrency in the second ICO heist.
FAO: Veritaseum got hit! Only a week after CoinDash ICO heist. It partly explains SEC’s announcement:
Paul Vigna, Dave Michaels – The Wall Street Journal (subscription)
Nathaniel Popper – The New York Times
Jessica Dye – Financial Times (subscription)
The SEC declared that offers and sales of digital assets by “virtual” organisations — sometimes known as initial coin offerings, or ICOs, or token sales — could be deemed securities and subject to federal regulation
FAO: We kept multiple sources. Pick your choice. A few things: 1. The SEC joining the “cryptoverse” was a matter of “when” not “if” 2. The “cryptoverse” is expanding (we already agreed), thus the SEC is aiming to get its piece of the pie, and a lot of other “participants” will join 3. Considering the latest heists we can pertinently consider that these markets and their participants need better protection and surveillance. Can the SEC add its contribution? I can continue but I prefer to let you add your contribution to this nascent debate. Send us your thoughts – contact us and we will publish your opinion if we consider it pertinent.
Alexandra Scaggs – Alphaville.FT (subscription)
Time for tech utopians to start studying up on market structure.
Yolanda Bobeldijk – Financial News
European capital raisings in cryptocurrencies could surge after the US financial watchdog said it would crack down on the unregulated practice, dubbed by some as ‘the Wild West’.
FAO: I tried to find a more plastic way to express myself, and I couldn’t find anything more appealing than: “DOOH!”
Jen Wieczner – Fortune
It’s a hedge fund savvy enough to have scooped up Bitcoin when it was free. One of its founders is the well-known CEO of AngelList, Naval Ravikant. It’s backed by a roster of Silicon Valley’s top venture capital firms, and boasts returns of more than 500%. And you’ve probably never heard of it.
FAO: Well in fact I did hear about it! MetaStable Capital is one of the first hedge funds oriented strictly to crypto assets. It was launched in September 2014. There are at least 15 “crypto assets” oriented hedge funds globally. It strengthens our belief that this investment universe is getting bigger and bigger.
Since the start of 2017, the total market cap of cryptocurrency has grown by more than sevenfold to over $100 billion USD, with coins like Ethereum rising in price more than 5,100 percent.
Joon Ian Wong – Quartz
Nathaniel Popper – CNBC
A group of investors and entrepreneurs, most of them based in Asia, have announced a plan to create what they are calling Bitcoin Cash
DNT:..I guess the business is getting tougher. But we all know that competition is a progress factor.
FAO: Grab a seat and your popcorn! This is epic!
Laura Shin – Forbes
Bitcoin’s three-year long civil war may finally soon come to an end — but whether that will be a peaceful ending or a bitter breakup remains to be seen.
William Suberg – The Cointelegraph
The cryptocurrency exchange Poloniex has said it “cannot commit to supporting any specific Blockchain” in the event of a Bitcoin split.In an announcement to traders outlining its stance on next week’s decisive moment for Bitcoin, Poloniex said it would leave all options open.
FAO: Bitcoin epic battle preparations.
Tony Yoo – Business Insider Australia
An Australian Bitcoin trading startup has secured $815,000 in a series A round it says was oversubscribed by double the original target amount.
Melbourne-based Bitcoin.com.au that allows everyday Australians to buy and sell Bitcoins — including the ability to have cash handed over at more than 1,200 physical locations including Commonwealth Bank and Westpac branches, and selected newsagents.
Tatsiana Yablonskaya – Coinspeaker
The move means BitPay wallet users can now fill up their wallet balances directly from in-app exchange connections.
Alexander Geralis – The Cointelegraph
The largest mixing service has decided to shut down operations, citing the future of Bitcoin as a catalyst. While no links have been made official, users question possible pressure and dark market shops as a possible cause.
Stan Higgins – CoinDesk
The SEC said that some initial coin offerings (ICOs) may qualify as securities sales – a move that while expansive in impact, wasn’t that surprising to legal and regulatory observers in the space.
Panos Mourdoukouta – Forbes
Digital currency traders have it wrong. The SEC ruling that treats digital currencies as common investments is positive, not negative for cryptocurrencies, at least for now
FAO: Reactions after the SEC’s announcement.
Sara Hsu – Forbes
China is increasingly becoming a fintech Blockchain innovator, competing with other Blockchain platforms the world over for better security and easier usability.
Metaverse is the first public Blockchain in China.
Jack Morse – Mashable
Deciding to steal $85 million worth of cryptocurrency isn’t something to take lightly.
For the members of the White Hat Group, however, it seemed to be the only move left. On July 19, the loose collection of hackers and cryptocurrency experts were alerted to the theft of $32 million worth of ether — the so-called money unit of Ethereum — and realized that if they didn’t act quickly the losses would spread. An hour and fifteen minutes later they started hacking.
FAO: Sounds like a movie screenplay.
DNT: Yeah, a movie in which the bad guys turn to be, in fact, the good ones.
Matthew Wall – BBC
At art gallery in London’s famous Cork Street, the clientele will have the opportunity to pay using Bitcoin, the digital cryptocurrency underpinned by blockchain technology.
FAO: Interesting read!
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News