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Anthony Cuthbertson – Independent
Google’s decision to ban all bitcoin and cryptocurrency adverts on its platforms is ill-thought-out and potentially even unethical, according to industry experts. The new policy, which comes into effect this month, follows similar bans from Facebook and Twitter.
FAO: The “cryptoverse” managed to survive all these bans, and it will survive one more. If you look even more deeper into this you might even say that it actually got better, without all the (social) media hype attracting all newbies. This universe is growing (check the next article in this section, and the next section too), is improving, is maturing. The plethora of reports from finance and tech giants regarding their plans and projects in the crypto space, the new products and services addressing institutional investors, all these represent the strong proof that we’re on the right path…
Olga Kharif – Bloomberg (subscription)
So much for the backlash against ICOs. Sales of digital tokens by technology companies this year have already surpassed the record amount raised in all of 2017 even as government officials from China to the U.S. clamp down on offerings and incidents of fraud continue.
Nicole Bullock – Financial Times (subscription)
Ethereum’s public blockchain has provided definitive evidence that EOS recently sent 200,000 ether (ETH) to Bitfinex. This leaves the EOS crowdsale’s smart contract with just over $1 million worth of ETH.
Dina Bass, Eric Newcomer & Mark Bergen – Bloomberg (subscription)
Microsoft is planning to acquire coding site GitHub, according to people familiar with the matter. For Microsoft, acquiring GitHub would be both a return to the company’s earliest roots and a sharp turnaround from where it was a decade ago.
FAO: Story of the day! This will certainly mean a lot for the future of the crypto space too…
Gertrude Chavez-Dreyfuss – Reuters
Fusion, a Singapore-based crypto-finance start-up, has secured $12.3 billion in financial assets from three strategic partners that have committed to lock in those funds with the organization’s public blockchain platform, FUSION founder DJ Qian told Reuters.
Reuters Staff – Reuters
Headphone maker Monster Products said it is planning to raise up to $300m in an ICO. Monster Products will offer up to 300m of its “Monster money tokens” for the offering, the company said in a regulatory filing.
DNT: The company is also offering 75 million shares of its common stock, we learned from the story.
Anna Irrera – Reuters
Ana Alexandre – Cointelegraph
Paxos, an American fintech startup, has attracted $65 mln from investors, including venture capital firms RRE Ventures and Liberty City Ventures, and private equity executive Jay Jordan, Reuters reported.
Yuji Nakamura – Bloomberg (subscription)
Take ImToken., a Chinese startup that developed one of the first cryptocurrency wallet apps to support the Ethereum blockchain. The free software has attracted 4 million users, who’ve used it to stash $35 billion of crypto assets over the past year, more than at big-name competitors including Coinbase.
Osato Avan-Nomayo – Bitcoinist
Binance, a cryptocurrency exchange behemoth, is set to launch a $1 billion fund for cryptocurrency and blockchain technology startups. Ella Zhang, Head of Binance Labs, announced the establishment of the fund during an online meetup session on May 31, 2018.
Daniel Palmer – CoinDesk
Hot on the heels of its recently announced cryptocurrency ETF offering, Huobi has revealed a new partnership that will see it launch an investment fund dedicated to blockchain startups in China and South Korea.
FAO: I apologize if the above reports have caused you dizziness. Just a thought – if you take a look at today’s numbers in the Deals section (the above reports) and compare them to the numbers we have in today’s Deals section of FinTech Daily News you can easily see where this is going…
Wolfie Zhao – CoinDesk
SBI Holdings announced that its in-house cryptocurrency exchange is now live, after a months-long delay due to security concerns. Called VCTRADE, the service is currently only open for users who have pre-registered with the platform in October 2017, the company said in the announcement and expects it to be available for a wider public in July of this year.
FAO: A simple example of how a crypto regulation framework in a country has been decisive for the local market’s transformation and development. This is history in the making and Japan is writing it.
Camila Russo – Bloomberg (subscription)
Poloniex suspended trading and withdrawals until clients upload new documentation required to verify accounts, spurring concern among some users that they won’t be able to recover their funds.
FAO: This was quite a hassle for both the exchange and its users.
Lily Katz – Bloomberg (subscription)
Bittrex a Seattle-based cryptocurrency exchange that lets users swap nearly 200 different digital coins, said it forged banking agreements that will allow some customers to trade in USD.
Georgina Lee – SCMP
Pundi X, a start-up that is looking to build an offline cryptocurrency sales network, has begun deploying its payment point-of-sales (POS) devices in Indonesia, betting that the central bank will renounce their current opposition against cryptocurrencies in as soon as three years.
Georgi Georgiev – Bitcoinist
Vitalik Buterin has shed some light on the subjects of Sharding and Plasma while essentially suggesting that Ethereum’s network will ultimately be capable of supporting tens of thousands of transactions per second.
Ott Ummelas – Bloomberg (subscription)
Estonia scaled down its plan to create a national cryptocurrency after it drew criticism from Mario Draghi and local banking authorities. The Baltic country dropped plans to peg these digital tokens to the euro or offer them to all citizens, Siim Sikkut, an official in charge of the country’s IT strategy, said.
FAO: Time for another update of our list of countries that have already issued national cryptocurrencies or have plans in this direction:
Coco Liu – SCMP
In Southeast Asia, digital currencies are becoming increasingly popular for another reason: they are helping businesses tackle everyday problems.
Daniel Roberts – Yahoo Finance
Blockchain, the company, which is the world’s No. 1 provider of free wallet software for storing cryptocurrency, hit a significant milestone: 25m customer wallets.
Katie Linsell – Bloomberg (subscription)
Credit markets were given a reminder this week of how quickly liquidity can evaporate as even the most highly-traded securities proved difficult to shift in the turmoil sparked by Italy’s political crisis.
Yuliya Chernova – The Wall Street Journal (subscription)
Sequoia Capital Partner Matt Huang will leave the firm to start a new cryptocurrency fund with Fred Ehrsam, co-founder of Coinbase, according to people familiar with the matter.
Sequoia will continue to invest in blockchain-related technologies and is making a substantial commitment to Messrs. Huang and Ehrsam’s new fund, a person familiar with the firm’s plans said.
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Lucas Mearian – Computerworld
Amazon Web Services has joined the list of blockchain-as-a-service providers that already includes IBM, HP, Microsoft, Oracle and SAP.
Stephen O’Neal – Cointelegraph
The Spanish Congress unanimously supported draft legislation that would favorably regulate blockchain technology and cryptocurrencies in the country. While the move marks pro-crypto tendencies among local politicians, there are complications that the reform might stumble upon, namely EU compliance laws and the very recent overthrow of prime minister Mariano Rajoy.
18-19 June 2018, New Delhi, India – our Publisher and Editor-in-chief, Florin Adrian Oprea (FAO), is invited to speak at the 6th Annual Meeting of The Growth Net, 18-19 June 2018, at the Taj Diplomatic Enclave, New Delhi, India. Join him for a constructive debate about the impact of blockchain technology beyond the use of cryptocurrencies. Being a reader of our daily publications you now have the opportunity of buying discounted tickets – more HERE (do note that a significant discount is applied!).
25-29 June 2018, Frankfurt, Germany – Blockchain Daily News is a Media Partner of Crypto Startup School, a summer school jointly organized by The Frankfurt School Blockchain Center and the German Tech Entrepreneurship Center. The event will take place from 25th – 29th of June 2018 on the campus of the Frankfurt School of Finance and Management.
Tickets can be purchased HERE and because you are a reader of our daily publications, you can use this voucher code NEWS-BCA-CSS2018 for a 10% discount.
Nathaniel Popper – The New York Times
While scams proliferated in the unregulated world of virtual currencies over the last year, Envion, a company in Switzerland seemed to be among the more legitimate outfits creating its own cryptocurrency.
Lily Katz – Bloomberg (subscription)
Future FinTech Group rebranding efforts during this past winter’s Bitcoin craze appear to be losing their juice.
Donovan Jones – Seeking Alpha
Polymath Network is preparing its security token platform with updated features for the summer. The firm enables users to create a customized security token for sale to prospective investors.
William Suberg – Cointelegraph
Chinese internet giant Baidu has announced the next step in its blockchain integration in the form of a protocol aimed at reducing mining energy consumption, according to a report by China News Weekly (Ed.note – link in Chinese). Dubbed ‘Super Chain,’ chief scientist at Baidu’s blockchain division Xiao Wei revealed the protocol at a local conference over the weekend.
Irina Marica – Romania Insider
The website of the Romanian Ministry of Education, edu.ro, uses the resources of the computers from which it is being accessed to mine cryptocurrency, local Hotnews.ro reported (Ed.note – link in Romanian).
FAO: Would somebody give them a call…
Osato Avan-Nomayo – Bitcoinist
Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Kelly outlined the potential utility for both the Ripple Ledger and XRP.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News