by Florin Oprea
Jon Buck – The Cointelegraph
Coinsilium, the London-based Blockchain accelerator and early investor in SatoshiPay, has announced the sale of their entire holdings in the company to Blue Star Capital. The sale has a per share price of 340 euros.
Eric Jackson – CNBC
Cryptocurrencies may indeed be in the biggest valuation bubble since the dot-com era.
At the same time, there is undeniable excitement about their potential today among the top tier of venture capital investors.
FAO: Remember the increasing wave of financial investment professionals joining the “cryptoverse” by starting hedge funds or other investment related businesses? Remember global exchange players joining the “cryptoverse” recently by launching various blockchain related initiatives? This universe is expanding and it will have its ups and downs in its journey.
Pete Rizzo – CoinDesk
The total value of all publicly traded cryptocurrencies set a new all-time high on Aug 7.
Data from CoinMarketCap indicated the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.
DNT: Wow…a kind of..”show me the money” thing.
JP Buntinx – News BTC
Litecoin has seen a good start to the year 2017. After nearly two years of falling prices, things finally picked up again. It is good to see the silver to Bitcoin’s gold get positive attention. So far, the LTC price has risen a bit since January of this year. However, Litecoin creator Charlie Lee acknowledges his currency is boring right now. That doesn’t mean it won’t succeed, though, but it will take some time to make things happen.
FAO: Charlie Lee recently left Coinbase to focus on LTC.
Joseph Young – The Cointelegraph
Earlier this month, an activist group formed by Coinbase users created the Coinbase Bitcoin Cash Lawsuit Portal, to file a lawsuit against the world’s largest Bitcoin wallet platform and exchange if they declined to credit users with Bitcoin Cash (BCH). The issue has now been resolved as Coinbase released an official company announcement to clarify that all account holders before Aug. 1 on Coinbase will be credited with BCH.
FAO: Coinbase’s announcement was reported yesterday.
Darren Snyder – Financial Standard
Ambitious financial services firms are driving Australia’s global leadership in the development of blockchain technology, which is already delivering productivity and innovation benefits to the nation’s trillion-dollar wealth industry.
Tanya Andreasyan – Banking Technology
Following a year of development and testing, R3, CGI and eleven banks unveil a prototype of a trade finance app built of R3’s Corda DLT.The participants say the blockchain-based app incorporates shippers and carriers, and “holds potential to improve trade flows, particularly for SMEs in developing economies”.
FAO: Cool. They have a long checklist, I presume.
Joseph Young – The Cointelegraph
The CityConnect smart city Blockchain hackathon will bring entrepreneurs, Blockchain enthusiasts, developers, speakers and experts in the field to judge innovative Blockchain-based applications and help companies integrate Blockchain technology.
Justina Lee, Camila Russo – Bloomberg
Bitcoin extended gains to a record as the cryptocurrency makes strides in putting the scaling debate behind it. The digital currency jumped as much as 21 percent to an unprecedented $3,423.37, even after bitcoin’s division last week.
FAO: I guess this was expected after last week’s developments. Right?
Paul Hodkinson – Financial News
Ever since a new generation of blockchain startups started attracting wild valuations a few months ago observers have been waiting for the bubble to burst. Instead, it keeps inflating.
FAO: Today’s must-read.
Joshua Althauser – The Cointelegraph
Australian cryptocurrency trader Jack Kingston has claimed that he lost $430,000 worth of the digital currency Bitcoin at the exchange BTC-e after the US authorities have gained control of the exchange. He said that he just cannot log in at the exchange’s website one day and that the US government has painted all the exchange’ users as criminals and confiscated their money.
FAO: The BTC-e exchange case was quite a hot topic last month.
Jake Yocom-Piatt – Bitcoin Magazine
If you are thinking of launching your own cryptocurrency, the doors are wide open.
But be warned, you will need to know a lot more about crypto than just coding. In fact, there are several hurdles to overcome.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News