Blockchain Daily News – Edition 19, 28.07.2017
July 28, 2017
Blockchain Daily News – Edition 21, 01.08.2017
August 1, 2017

Blockchain Daily News – Edition 20, 31.07.2017

Blockchain Daily News

by Florin Oprea

Edition 20, 31.07.2017


Bitcoin Store $5 Mln Fraud ‘Operator’ Haddow Falls To Police In Morocco

William Suberg – Cointelegraph

“Clandestine” businessman Renwick Haddow is in police custody as the US moves to arrest another Bitcoin bad actor. Multiple sources including the UK’s Daily Mail report that Haddow, who allegedly conned investors out of $5 mln via a fake exchange platform, was found in the Moroccan capital Tangiers.

FAO: Can we consider this as yet another evidence for the expansion of the “cryptoverse”?  

Deals, Investments & M&As

Digital Currency Start-Ups Shrug Off SEC Warning On Fund Raising

The New York Times

Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator’s decision that their offerings may be subject to tough securities laws.

FAO: Remember last week? Well it seems there is “business as usual” in the ICO world, since 20 new ICOs were announced since the SEC warning, with another 120 scheduled to launch this year.

$25 Million: Blockchain Startup Tierion Completes ICO Dor TNT Token

Stan Higgins – CoinDesk

Blockchain startup Tierion has completed its previously announced token sale, raising $25 million. Tierion launched its ethereum-based Tierion Network Token (TNT) as part of a bid to support the network effects of its Chainpoint protocol.

FAO: We reported last week that Fenbushi Capital participated in the Tierion Network Token sale.

Cryptocurrency ICOs Are Making Bitcoin Startups Richer Than VCs Ever Did

Jen Wieczner – Fortune

When initial coin offerings emerged as a new way for startups to raise money a few months ago, there was much speculation—and some doubt—about whether the cryptocurrency crowdfunding method could disrupt or even replace the traditional venture capital industry.

LPs Bless Bessemer’s Move Into Crypto Investing

Yuliya Chernova – The Wall Street Journal (subscription)

Institutional investors are throwing their weight behind the crypto-tokens craze.

Exchanges & Trading Venues

Gemini’s First Ethereum Auction Draws Virtually No Interest

JP Buntinx – The Merkle

The Gemini exchange has decided to experiment with ETH/USD auctions. Their auctions allow institutional investors to purchase large amounts of cryptocurrency with U.S. dollars. The first auction took place Saturday night and attracted very little interest.

FAO:  I am sure the Winklevoss twins will continue to push their initiative forward and we will see more action here in the future.

Russia’s NSD Plans Creation Of Platform For Cryptocurrency Assets

DCE Brief

Russia’s National Settlement Depository (NSD) is reportedly considering plans to develop a platform that will enable the Moscow Stock Exchange to service digital currency assets. The goal is to create a blockchain-based service package that the NRM can use to record digital assets and settlements, identify cryptocurrency wallet-holders, and store private keys. Ultimately, the Depository hopes to create a bridge that connects fiat currency payment systems to digital currencies.

FAO: Last month, during our soft launch, we reported that Moscow Exchange is planning to launch trading in cryptocurrencies. There is no surprise here. The Russians are quietly building blockchain infrastructure.

Philippines Central Bank Sees Demand For License Applications For Cryptocurrency Exchanges

Joshua Althauser –  The Cointelegraph

The Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), expects that there will be few companies in the country that will be applying for a license to offer a cryptocurrency exchange service since the implementation of the new regulatory framework for digital currencies in February 2017.


Hyperledger adds new members


Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, announced that 10 new organizations have joined the project.

The growth comes on the heels of the availability of Hyperledger Fabric 1.0, the consortium’s first production ready blockchain framework announced last month


Former Bitcoin Exchange Cryptsy CEO Ordered to Pay $8.2 Mln in Class-Action Lawsuit

Joshua Althauser – The Cointelegraph

US District Judge Kenneth Marra has ordered Paul Vernon, the former CEO of the bankrupt cryptocurrency exchange Cryptsy, to pay $8.2 mln in damages to their customers.In his July 27, 2017, default court order, Marra ruled that Vernon is guilty in the long-running class action case filed against him and the exchange.

Via Finance Magnates: Coinbase Adds DoJ Prosecutor and Crypto Specialist Kathryn Haun to Board.

Bank Of America Developing A Blockchain For ‘Real-Time’ Card Settlement

Avi Mizrahi – Finance Magnates

Bank of America, the second largest bank in the United States by assets, revealed on Thursday that it is looking to develop a new system based on blockchain technology and it needs people with experience in the field to create it.

FAO: There is a global blockchain specialists shortage. That’s why we hear more often about educational initiatives in this field. Just like the one ConsenSys announced last Friday.

Latest Developments & Agreements

Euroclear and Paxos Sever Blockchain Partnership

Jon Buck – The Cointelegraph

The Blockchain undertaking between Belgium-based settlement provider Euroclear and US startup Paxos has come to a sudden end. The companies had partnered to provide a settlement service utilizing blockchain technology for the London gold market.

FAO: Yes, a bit odd.

Chinese Banks Launch First Blockchain-Enabled Credit Applications

Joshua Althauser – The Cointelegraph

China-based CITIC Bank will launch a new system to settle credit that uses a Blockchain technology-based electronic transmission system.


As China Plans To Regulate ICOs, Blockchain Consortia Form Framework

Joseph Young – The Cointelegraph

Six Chinese Blockchain technology industry associations have co-published the Guiyang Blockchain ICO Consensus, to establish an industry-wide standard for initial coin offerings

FAO: This is helpful. Don’t you think? Send us more of your thoughts.

Startups, Accelerators & Hubs

Startups Brace For Bitcoin Cash Fork In Wave Of Policy Updates

Alyssa Hertig – CoinDesk

The cryptocurrency is breaking off from the “main” bitcoin blockchain on August 1, with the specific goal of creating a competing cryptocurrency. Everyone who owns bitcoin will have an equal amount of Bitcoin Cash – if and when users and miners split off.

FAO: Oh boy! Things look pretty calm at the time of writing. Let’s see how this day passes.


Coinbase Users Face Bitcoin Withdrawal Delays Of 12 Hours or More

JP Buntinx -News BTC

Coinbase is dealing with multiple issues and negative press on social media. The latest incident involves Bitcoin withdrawal delays. Apparently, a lot of people are moving their funds off Coinbase in anticipation of the Bitcoin Cash hard fork. This causes a massive backlog for the company, resulting in delays of 12 hours or more.

FAO: A pretty normal thing in a situation like this.

Critical Vulnerability Affecting Augur’s $200 Million Worth Of REP Tokens Discovered — And Fixed

Laura Shin – Forbes

Augur, one of the most popular, valuable and early crypto tokens, was written in a computing language, Serpent, now considered less secure than the current, more popular language, Solidity.

Other news

The Dark Side Of Decentralized World

Pascal Thellmann – The Cointelegraph

The Blockchain technology is providing us with the bricks to build a decentralized world. In this new society, cryptocurrencies are the main form of payment, there is complete anonymity and the economy is truly decentralized.This has many advantages, of course, but there is a dark side too.

There was no electric chair before the discovery of electricity.

FAO: Good one “There was no electric chair before the discovery of electricity.”

Floyd Mayweather Says He Is Going To Make Bank Off An ICO

Sally French – MarketWatch

The boxing champion took to his Instagram account on Thursday to promote an initial coin offering by Stox on Aug. 2. Mayweather’s photo features stacks of cash spread out on a table inside what is presumably a private jet, and is captioned with the text: “Champion Predictions: I’m gonna make a $hit t$n of money on August 26th. I’m gonna make a $hit t$n of money on August 2nd on the ICO.”

FAO: Maybe worth having it in the #OMGSection!?!! But it’s too crowded there anyway…

DNT: Maybe he will convince Conor McGregor to invest, too 🙂

World Identity Network Launched On Sir Richard Branson’s Necker Island


The World Identity Network (WIN) has been launched during the Blockchain Summit organized on Sir Richard Branson’s Necker Island. The key objective of this global initiative is to catalyze progress towards universal ID and robust, secure, digital identification systems using 21st century technology solutions, such as the distributed ledger technology.


Why New Decentralized Internet Can Be Formed With Ethereum

Lisa Froelings – The Cointelegraph

With its reign over the world of digital currency, many believe that a new decentralized Internet can be formed with Ethereum.

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News