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Blockchain Daily News – Soft launch Edition #24, 27.06.2017

Blockchain Daily News

by Florin Oprea

Edition #24, 27.06.2017

Deals, Investments & M&As

Blockchain Maturation In Emerging Markets To Drive Future ICO Activity

Shiwen Yap – Deal Street Asia

Initial coin offers (ICOs) are increasingly gaining traction in Asia Pacific, and more specifically in Southeast Asia. However, they are unlikely to see widespread adoption until the ecosystem undergoes significant maturation, according to local experts.

FAO: Of course. But still, markets are changing and markets always dictate. Global economy is changing and adapting to current needs. Asia is moving faster than anybody else in adopting fintech. Check out the “Accelerators & Hubs” section in yesterday’s edition of our sister publication Fintech Daily News.

Why Tech Investors Love ICOs—and Lawyers Don’t

Jeff John Roberts – Fortune

When Brave, a privacy-­focused Internet browser company, decided to raise money this May, it could have gone a traditional route by borrowing money or selling equity to investors. Instead it chose a third way: an ICO.

FAO: Why? Because markets are changing and markets always dictate…


Can Bitcoin’s First Felon Help Make Cryptocurrency a Trillion-Dollar Market?


After spending a year in prison, Bitcoin pioneer Charlie Shrem has a new job and a new mission: Strengthening the ecosystem of blockchain assets—and, just maybe, helping build the future of the Internet.

FAO: Yes. All support is welcome.

Barclays Spoke To Regulators About Bringing Bitcoin ‘Into Play’


Vaswani did not reveal the content of the discussions with Britain’s Financial Conduct Authority (FCA), but said it involved talking about how to bring bitcoin “into play”.

FAO: Question is: Did they ask the right people?

Exchanges & Trading Venues

BTCC Lists Ethereum Classic Ahead of Ethereum

The Cointelegraph

BTCC, the second largest Bitcoin exchange in China and the world, has announced the integration of Ethereum Classic on its newly released digital cryptocurrency exchange BTCC DAX.


AEON Financial Wants to Enable Cryptocurrency Payments Across Asia

Avi Mizrahi – Finance Magnates

The Japanese credit card issuer is building a financial platform for the Asian market based on IBM Blockchain.

Latest Developments & Agreements

Santander Forges Ahead In Fintech With The Red Lyra Blockchain Network

Madhvi Mavadiya – Forbes

The end of last month saw a consortium of Spanish companies create Red Lyra, the first multisector blockchain-based technology platform. This signals a significant change in the financial technology sector and with the caliber of organisations involved plus their past experimentation with blockchain, this could be big for Spanish and global fintech.

Bank of China, Tencent to Trial Blockchain in New Research Effort

Chuan Tian – CoinDesk

The two firms announced the partnership last week, revealing the creation of a new joint research space for the development of new products. Artificial intelligence and blockchain are two major areas of research set to be explored, with the ultimate aim being to build a fintech cloud platform with reduced risk and gains in efficiency, according to local reports.


Digital Currency Indexes Are Coming

Moe Adham – Forbes

A company has created its own digital currency index to serve as a market indicator: the FAAST5 index.

FAO: As I said above, all help is welcome.

Ethereum Price Falls to $250 After Another Coinbase Outage

Avi Mizrahi – Finance Magnates

The ETH/USD exchange rate fell back to its level from the start of the month before rebounding to $270.

FAO: Third Coinbase outage in the last 2 months.

‘Flippening’ Flop? As Ethereum’s Price Pulls Back, Market Remains Bullish

Charles Bovaird – CoinDesk

After weeks of torrid growth, it seems ether’s much-hyped ‘Flippening’ may be on the verge of falling short.

Ethereum Is Already Using a Small Country’s Worth of Electricity

Cristopher Malmo – Motherboard

The entire network could be using slightly more than the country of Cyprus.

FAO: Interesting facts. Will add this on my  “list of awkward comparisons”.

Are Smart Contracts Smart? A Critical Look at Basic Blockchain Questions

David M Adlerstein (counsel at New York City law firm Wachtell, Lipton Rosen & Katz) – CoinDesk

I’d wager that at least three will include “smart contracts” on that list. Ask that same group to define what a smart contract is, and you’ll get at least three different answers (likely ranging from an agreement for the transfer of an asset on a blockchain, to the simple execution of code on the blockchain, to the koan-like “code is law”).

Other news

Counting Chickens: Can Blockchain Restore Trust in China’s Food Supply?

Noelle Acheson – CoinDesk

Last week, CoinDesk reported that the technology arm of Chinese web insurer ZhongAn was developing a blockchain platform.

Not for insurance, though, as you might expect. This one will help track the provenance of chicken.

While this marks a first for the Chinese company (partially owned by Alibaba, Tencent and insurance giant Ping An), the launch will join a growing list of blockchain projects aimed at improving China’s food safety record.


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