Blockchain Daily News – Edition 20, 31.07.2017
July 31, 2017
Blockchain Daily News – Edition 22, 02.08.2017
August 2, 2017

Blockchain Daily News – Edition 21, 01.08.2017

Blockchain Daily News

by Florin Oprea

Edition 21, 01.08.2017

Deals, Investments & M&As

Public Company To Convert Bitcoin To Stock In First-Of-Its-Kind Fundraise

Michael del Castillo – CoinDesk

As ICOs start to come under regulatory scrutiny in the U.S., one Australian venture capital firm is experimenting with a new way to convert cryptocurrency into regulated corporate shares.

FAO: And what do you make of this?

Exchanges & Trading Venues

Where to Store Your BTC to Get BCC: Wallets & Exchanges

Jon Buck – The Cointelegraph

It’s no secret in the cryptocurrency world that Bitcoin will fork, and that there will likely be the creation of Bitcoin Cash (BCC), a new altcoin built on the same platform as Bitcoin. The fork is scheduled for Aug. 1, 2017, 12:20 p.m. UTC.

FAO: A reminder. Pretty useful actually.

License Required: Poloniex, Bitfinex Will Stop Operations In Washington

Joshua Althauser – The Cointelegraph

Major cryptocurrency exchanges Bitfinex and Poloniex have announced in March and late July 2017, respectively, that they would stop their operations in the state of Washington following the enactment of Senate Bill 5031 or the Uniform Money Services Act.

FAO: Unlike Gemini which has a license to operate there. Who knows, maybe the twins will be more successful with their ETH auctions there.

Bitcoin Exchange Operator Sued In Singapore

Grace Leong – Straits Times

Singapore’s first legal dispute involving the cryptocurrency bitcoin has erupted over trade proceeds worth around US$3.78 million (S$5.1 million). An electronic market maker is suing Quoine, one of the world’s major bitcoin exchange operators, over trades that were allegedly wrongfully reversed, which resulted in proceeds being deducted.

Coinplug, SBI To Launch New Blockchain Remittance Service


Coinplug, a South Korea-based bitcoin services company, has announced a new joint remittance venture in collaboration with SBI FinTech Solutions Co., a subsidiary of Japanese investment group SBI.


Emirates Digital Wallet: What You Need To Know

Abdul Aziz –  Gulf News

The UAE’s banking sector is about to take a giant digital leap with the launch of the Emirates Digital Wallet, which is scheduled to take place within the next few months.

FAO: The digital transformation wave reached UAE. We can mention a lot of other ongoing initiatives – but we prefer to let you try our Archive.


‘Blockchain Revolution’ Author Launches $20 Million Digital Asset Investment Firm

Stan Higgins – CoinDesk

Alex Tapscott, the co-author of the book “Blockchain Revolution,” is launching a new digital asset investment firm backed by $20 million in financing.

FAO: And yet another proof of the expanding “cryptoverse”. $20m on the table for investments in digital assets.

New York City Staffer Sanctioned For Mining Bitcoins at Work

Stan Higgins – CoinDesk

An employee of New York City’s Department of Education has been disciplined after being caught mining bitcoins on his work computer.

FAO: “The board sanctioned Ilyayev for violating the city’s statutes that relate to using city time and resources for financial gain, though in the end, he was required to forfeit four days of paid annual leave – worth a total of $611.” Question: was it profitable?

Latest Developments & Agreements

Can Blockchain Technology Create Another Era Of Asian Tigers?


The integration of smart contracts into blockchain tech might just usher in the creation of another era of Asian tigers as more ventures from the region get into the game.

Startups, Accelerators & Hubs

Top Blockchain Companies AlphaPoint, Bloq And RSK Labs Show Support for Exchange Union (press release)

Exchange Union has attracted the support of high profile blockchain companies AlphaPoint, Bloq and RSK Labs ahead of its crowd sale on Aug 7. Exchange Union aims to bridge digital currency exchanges via XUC, an inter-exchange token that allows secure cross-platform trading. Exchange Union has appeal for blockchain technology companies, particularly those specialized in use cases and infrastructure.

Associations & Federations

French Firms Form An Association To Weigh In On Cryptocurrency Investment

Therese Torris – Crowdfund Insider

French firms have formed an association to foster the sustainable growth of the cryptocurrency investment sector and weigh in on its governance. Among other things, they hope to build on progressive regulations such as the French decree that allowed crowdlending securities called minibons to be legally registered on the blockchain.

FAO: The French Cryptocurrency Management Association members are asset management firm Eiffel Investment Group, law firm Gide, PwC, asset servicing CACEIS and bitcoin exchange Paymium.


Blockchain Technology Being Considered By More Than Half Of Big Corporations, According To Study

Ryan Browne – CNBC

The research, found that 57 percent of large corporations – defined as any company with more than 20,000 employees – were either actively considering or in the process of deploying blockchain.

FAO: Do we need to add more thoughts here? I think this is eloquent for the state of blockchain in the world.


Six Reasons Why We Need Blockchain Skeptics

Jason Bloomberg –  Forbes

FAO: I tend to agree on some of the reasons. What do you think? Send us your thoughts.


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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News