by Florin Oprea
Stan Higgins – CoinDesk
Stan Higgins – CoinDesk
Shivdeep Dhaliwal – The Cointelegraph
Bitcoin has not been able to evolve the consensus that was needed to implement the technology called SegWit2x, which though has been adopted by key players, still lacked a total agreement.
This has resulted in the launch of Bitcoin Cash, which is rival to the SegWit2x technology. While SegWit2x involves taking Bitcoin’s transaction data out of the block and allowing more transactions to happen that way thus increasing the speed of transactions overall, Bitcoin Cash would keep the data within the block but increase the size of a block to 8MB.
PHILIPP SANDNER, Frankfurt School Blockchain Center: As expected all systems operate regularly. Time will now tell, which Bitcoin will be the best one! Yet the market capitalization is fascinating for “Day 1”. Let’s hope confusing for investors will be not too high.
FAO: At the time of writing BCH is $628, +113% in 24h via https://coinmarketcap.com/
Ash Bennington – CoinDesk
If you’ve been following the bitcoin fork drama this week, you may have heard the term “stock split” thrown around in interviews with “experts.”
Phillip Inman – The Guardian
Cryptocurrencies are under the microscope as never before. Financial regulators in the US are concerned about the emergence of bitcoin and its digital cousins as speculative investments and have hinted that much tougher regulation is in the pipeline.
FAO: Makes reference to SEC’s warning last week.
Jeff John Roberts – Fortune
The world’s most popular digital currency exchange, Coinbase, is under fire from angry customers over its decision not to support a new version of bitcoin that could also make it vulnerable to “ruinous legal trouble,” according to a prominent legal scholar.
PHILIPP SANDNER, Frankfurt School Blockchain Center: In case an exchange did not support Bitcoin Cash, it might have some unexpected profit since the exchange has the new BCCs whereas its customers don’t.
FAO: Of course Coinbase has some angry customers after the split. Probably other venues too. But the decision was totally understandable. Business is about decision making after all, right?
The Hong Kong Stock Exchange is planning to launch a new private market to provide early stage companies with a blockchain-based share registration and transfer platform for the conduct of pre-IPO financing off-exchange and clear of the regulatory remit of the Securities and Futures Ordinance.
FAO: HKEx follows the examples of other major exchanges like Nasdaq (among the plethora of projects involving blockchain, it also invests in blockchain firms i.e. joined a $7.9 m investment round in Stratumn, in June), or TMX Group (tests natural gas transmission with Blockchain-based prototype reported here), or even LSEG, more recently.
Frisco d’Anconia – The Cointelegraph
Praveen Kumar, Chairman and CEO of Belfrics Global SDH, has announced that his outfit will be launching Bitcoin exchanges across Africa in the coming months.
The Monetary Authority of Singapore (MAS) clarified on Tuesday (Aug 1) that it will regulate the issue and offer of digital tokens in Singapore if the digital tokens constitute products regulated under the Securities and Futures Act (SFA).
FAO: So Singapore is drawing a line here. Interesting.
Dante Disparte – Huffington Post
Set on Sir Richard Branson’s Necker Island, the third annual Blockchain Summit, hosted by BitFury, a leading full service Blockchain company, and Bill Tai, a venture investor and technologist, has come to a close. This event was an intimate, if perfectly balanced, gathering of technology, policy, investment and business leaders from around the world and across sectors.
FAO: Some late coverage regarding the Blockchain Summit, more here.
Freedonia Freelance – Seeking Alpha
The first crucial point is on the regulation (not financially, but in terms of stability) of the bitcoin protocol and problem-solving.
The cryptocurrency market has experienced significant growth this year. According to Coinmarketcap, the total market capitalization of the cryptocurrency market has reached $89 billion. Bitcoin is still the leading digital currency in the market, with a market cap of over 44 billion. Bitcoin’s biggest rival, Ethereum continued to gain popularity this year.
DNT: Really impressive figures..and still growing.
Jon Buck – The Cointelegraph
A recent and somewhat surprising development is that Blockchain issues are now starting to take over the waves of the television industry in Italy.
FAO: And probably soon we will even have a Blockchain Channel somewhere.
Frances Coppola – Forbes
The shenanigans around the DAO hacking last year attracted the attention of the US’s SEC, which decided to investigate whether the sale of DAO tokens violated federal securities laws. Now the report from that investigation has been released. And the SEC’s conclusion is that the sale of DAO tokens did indeed break the law.
FAO: Question is – what do you make of this? Are you for/against SEC’s action and its effects? Send us your opinion.
The banking industry is scrambling to catch up with the innovative smart contracts solutions being offered by FinTech organizations, and it’s telling.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News