Blockchain Daily News – Edition 18, 27.07.2017
July 27, 2017
Blockchain Daily News – Edition 20, 31.07.2017
July 31, 2017

Blockchain Daily News – Edition 19, 28.07.2017

Blockchain Daily News

by Florin Oprea

Edition 19, 28.07.2017

OMGSection!?!!

Bitcoin Exchange Was a Nexus of Crime, Indictment Says

Nathaniel Popper – New York Times

Russian Arrested Over Bitcoin Laundering Linked To BTC-e Exchange: Sources

CNBC

Two sources close to the BTC-e virtual currency exchange, who declined to be named while commenting on an ongoing case, said Alexander Vinnik (arrested earlier this week) was a key person behind the platform, which has been offline since reporting “technical problems” late on Tuesday.

Google: Ransomware Extortionists Net $25 Million In Two Years, 95% Cashed Out Through BTC-E

Francisco Memoria  – Cryptocoins News

Recently two global ransomware campaigns made headlines due to the incredible reach they managed to have.

FAO: Now these are the titles you really DO NOT WISH to read every day…

Google Warns Ransomware Boom Scored Crooks $2 Million A Month

Thomas Fox-Brewster – Forbes

As the ransomware scourge calms down for the summer holidays, Google has taken a retrospective at that particular pesky form of cybercrime, finding it only become massively profitable in the last year and a half.

FAO: No wonder the Brits are stashing BTCs (as reported earlier this week) to pay ransom in event of attacks.

Deals, Investments & M&As

The SEC Just Dealt A Big Blow To The Hottest Trend In Cryptocurrencies – But Asia Is Cheering

Frank Chaparro – Business insider

Initial coin offerings, the hot blockchain-based investing trend, are set to face increased scrutiny following an announcement by the US Securities and Exchange Commission. But ICO enthusiasts in Asia think the news could be good for them.

FAO: Of course this is good news (yesterday’s major topic) for Asia, and for Europe too… but I can bet it won’t take too much time till other similar authorities (at least in Europe!) will follow the Americans…

VC Bitcoin Fintech Deals Spike 100% In Q2

Rupert Hargreaves  – ValueWalk

To say demand for Bitcoin fintech is heating up, would be a big understatement.

In The Murky World Of ICOs, This Young Founder Aims To Lead The Way

Connie Loizo – TechCrunch

FAO: TechCrunch interviewed Juan Benet, the founder of Protocol Labs. This company worked with AngelList this year and created CoinList (more coverage here). The decentralized storage marketplace called Filecoin will be the first offering on CoinList. Promising ventures.

Exchanges & Trading Venues

HitBTC Confirms Bitcoin Cash Futures Trading, Will Credit User Accounts

William Suberg – The Cointelegraph

HitBTC has joined the exchanges announcing its official stance towards the controversial new Bitcoin fork Bitcoin Cash (BCC).

PHILIPP SANDNER, Frankfurt School Blockchain Center: So, this clearly indicates that the bitcoin blockchain might split – but in a different way then has been expected in the past months…

Vendors

Blockchain Global To Power NEM Exchange

Supratim Adhikari – The Australian (subscription)

Melbourne-based Blockchain Global is set to power a dedicated cryptocurrency exchange platform built exclusively for NEM, which has a market share of $1.5 billion and is the sixth most valuable blockchain token in the world.

BitPeople

ConsenSys Academy Launches First Global Blockchain Program

PR Newswire

Global blockchain specialist firm ConsenSys is launching the first cohort of its ConsenSys Academy Developer Program on August 1st, 2017. The ConsenSys Academy Developer Program is a first-of-its-kind, end-to-end blockchain training program.  

FAO: Good! We wish to hear more often about such initiatives!

Bankers Ditch Fat Salaries to Chase Digital Currency Riches

Lulu Yilun Chen, Camila Russo – Forbes

Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: ICOs. The former China Renaissance deal-maker has since backed a clutch of cryptocoin sales that’ve raised millions — sometimes in seconds — often without a single product.

FAO: Another one joins the trend. We have at least 10 other examples of such professionals – try our Archive.

Latest Developments & Agreements

Accord Project’s Consortium Launching First Legal ‘Smart Contracts’ With Hyperledger

Roger Aitken  – Forbes

A project to develop open source technology and standards for “computational contracting” for the legal world that deploys blockchain technology and distributed ledgers is set for an imminent launch.

FAO: Interesting development! Happy to find out more about it. If you are part of the project and want to share more insight – Contact us.

Regulation

IBM Director Nitin Gaur Provides Mini-Roadmap To Global Governments Exploring Blockchain

Marquis Cabrera – Huffington Post

DNT: Interesting interview about Blockchain technology and more..worth reading!

FAO: A “ton” of data here. Probably my weekend read.

Washington’s New Cryptocurrency Exchange Rules Are Now in Effect

Stan Higgins –  CoinDesk

New regulations for cryptocurrency exchanges have gone into effect in the U.S. state of Washington. Following the passing of Senate Bill 5031 into law at the weekend, the state’s money transmitter laws now apply to exchanges, meaning that they need to obtain a license from the Washington State Department of Financial Institutions and must provide a third-party audit of their data systems.

FAO: Times of change. Washington joins Delaware (more coverage here) in major blockchain regulation push in US of A.

Government Must Leave Encryption Alone, Or It Will Endanger Blockchain

Financial Review (subscription)

If the Turnbull government messes with encryption laws it could seriously damage an entirely category of human organisation: blockchain.

Irish Central Bank Chief: Blockchain Is One of ‘The Largest Policy Challenges’

Stan Higgins – CoinDesk

New technologies like blockchain represent a major policy challenge, according to the head of Ireland’s central bank.

FAO: I am sure this “challenge is accepted”.

Events

Necker Island Blockchain Summit Kicks Off With Doses Of Idealism And Realism

Laura Shin – Forbes

Before even arriving on the island, some attendees on the same flight dived right into discussions of how to use crypto tokens to create social good such as reducing air pollution.

FAO: Blockchain “dissected” on Necker Island this week.

Analysis

Cryptocurrency Market Resilient As Bitcoin Approaches Potential Hard Fork

Charles Bovaird  – Forbes

The cryptocurrency market has been resilient as of late, retaining its value even as bitcoin, the largest cryptocurrency by market capitalization, faces a potential hard fork in less than a week.

Kraken On Bitcoin Cash: Prepare For ‘Extreme Volatility’

William Suberg – The Cointelegraph

FAO: The calm before the hurricane? Kraken has issued a warning to margin traders in its official Bitcoin Cash statement. Let’s see how the weekend passes. Quite a major push at the time of writing for BTC: +7.43% (24h), according to CoinMarketCap.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News