by Florin Oprea
Chuan Tian – CoinDesk
Blockchain projects have raised a total of $1.67 billion via ICOs so far – a figure that was bolstered by a record-breaking month of July, according to data from the CoinDesk ICO Tracker.
FAO: It’s the year of the ICO…no wonder it attracted everybody’s attention, including SEC (more here).
PHILIPP SANDNER, Frankfurt School Blockchain Center: This clearly indicates that ICO might be the “better” crowdfunding method and it also shows that VCs (as intermediaries) also need to think about their business model.
Stan Higgins – CoinDesk
San Francisco-based startup Protocol Labs has sold $52 million in a token pre-sale ahead of an ICO launch next week. Notable backers of the Filecoin pre-sale include Union Square Ventures and Sequoia Capital.
Amy Wan – Crowdfund Insider
So how do you actually legally raise an ICO?
Jon Russell – TechCrunch
Coinbase has reversed its stance on Bitcoin Cash and said it will introduce support for the fork next year.
FAO: And BCH jumped more than 50% in the last 24h…
Luke Graham – CNBC
Two of the world’s largest digital currency exchanges have changed their minds and decided to support the new asset “bitcoin cash”, but customers will have to wait until January 2018 to gain access to their tokens.
FAO: This is odd. Especially because we’re talking about Coinbase here…
JP Buntinx – The Merkle
The Coinbase exchange clearly indicated they would not support Bitcoin Cash, and all customers were advised to move their funds off the platform if they wanted their BCH tokens. However, some people still feel that tokens were issued on the exchange, even though they were not credited to user balances. That money has to go somewhere, after all.
Shivdeep Dhaliwal – The Cointelegraph
Bringing the Blockchain to the system holds the promise of building decentralized exchanges in the future. The wider DIM Ecosystem comprises of DIMCOIN, DIMCOIN Foundation and other constituents.The technology is based on the NEM Blockchain technology and seeks to revolutionize the way securities are traded. The DIMCOIN ICO is currently underway and will end on Aug. 27, 2017.
FAO: DIM Ecosystem explained. BTW have you seen NEM’s price lately? It was +22% at the time of writing.
Avi Mizrahi – Finance Magnates
Dash, the cryptocurrency which was recently accepted by Apple for the App Store, has contracted the services of Bugcrowd for crowd-sourced security testing. This means that thousands of cyber-security researchers will have an incentive to identify critical software vulnerabilities within Dash’s code and present them to the Dash Core Team.
FAO: Interesting approach. It’s a win-win at the same time. Everybody will learn something at the end of the contract.
Joshua Althauser – The Cointelegraph
The Belgian police have arrested two Belgian brothers who are allegedly involved in a large-scale unlicensed Bitcoin exchange operation. The brothers’ team called Zhao Dong 1982 on LocalBitcoins had been collecting very high commissions for Bitcoin sale transactions. The police have reportedly seized a total of €400,000, including nearly €100,000 in cash that was discovered hidden behind a spare tire in a garage during the arrest.
FAO: It seems that one of the arrested brothers is a police officer….No comment.
James Oliver – Bdaily
Cryptocurrency innovator Eleesa Dadiani has launched Dadiani & Partners, the UK’s first exchange for the purchase of luxury assets solely in cryptocurrency.
FAO: Accepted cryptocurrencies – Bitcoin, Ethereum, Ethereum Classic, Ripple, Litecoin and Dash. Oh and clients can also buy Formula One cars. Cool!
Joseph Young – The Cointelegraph
Yongsan Electronics Market, an iconic center in South Korea which houses some of the largest electronic retailers and South Korean headquarters of major computer manufacturers including ASUS, officially banned Bitcoin mining after discovering that some of its smaller stores have used Yongsan Electronics Market’s electricity to mine Bitcoin.
FAO: Oh boy. Here we go again.
Deborah Findling – CNBC
San Francisco’s Potrero Hill neighborhood is home to hilly streets, views of the Bay Bridge—and the Crypto Castle, a three-story home where a half dozen cryptocurrency entrepreneurs live and collaborate.
FAO: Definitely on FinTech Daily News’s visits list in the coming years.
Jon Buck – The Cointelegraph
The Nasdaq Composite has recently filed an application with the patent office for a computer system able to release time-sensitive information to investors securely using Blockchain technology.
FAO: Nasdaq adds yet another blockchain initiative. Of course you already know Nasdaq was one of the first major exchanges in the world to enter the blockchain space with various projects. Other exchanges are stepping in. More here.
The Chinese government is reportedly planning to use blockchain technology for managing taxation and the issuance of electronic invoices. The announcement was made by the Miaocai Network, which is a state-sanctioned electronic taxation and invoicing enterprise. The Network revealed that it will be collaborating with the “government affairs chain GACHAIN” to create a blockchain-based system for “social taxation” and electronic invoicing.
FAO: China, world’s leader in fintech adoption, is doing very well in blockchain adoption too.
Jon Evans – TechCrunch
The silly season continues. Speculators are piling into the cryptocurrency space in the hopes of–sometimes very literally–making money fast.
For those who are interested in the technology, not the money — who think that blockchains are primarily interesting because, unlike most modern technology, they decentralize power — so far this has actually been a mostly disheartening year.
William Suberg – The Cointelegraph
WannaCry ransom funds were moved from Bitcoin to Monero, and now the exchanges involved are assisting police to find the perpetrators.
FAO: Makes reference to latest WannaCry findings, adds to Friday’s reports (see here in ‘Other news”).
Saheli Roy Choudhury – CNBC
Regulators in the United States and Singapore have in recent weeks highlighted the risks of money laundering and fraud that investors face when buying into a digital token sale.
David Berlind – ProgrammableWeb
Overstock has launched an API called t0. The API has a built-in auction system. When a fund sends the stock to t0, it auctions the stock by generating a digital locate receipt on the blockchain. This prevents over-locating from occurring because the blockchain has all the receipts of the sale and records the underlying stock. The auction occurs on the Overstock API, which is licensed to prime brokers.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News