Blockchain Daily News – Edition 25, 07.08.2017
August 7, 2017
Blockchain Daily News – Edition 27, 09.08.2017
August 9, 2017

Blockchain Daily News – Edition 26, 08.08.2017

Blockchain Daily News

by Florin Oprea

Edition 26, 08.08.2017

Deals, Investments & M&As

London-Based Blockchain Accelerator Unloads SatoshiPay Shares To BlueStar Capital

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.

Cryptocurrencies

Cryptocurrency Skeptics Warn Of Another Dot-Com Bubble, But Remember: That’s Where Amazon And Google Started

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.

Cryptocurrency Market Tops $116 Billion to Set New All-Time High

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.

Charlie Lee Confirms Litecoin Is “Boring” but People Should Have Patience

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.

Exchanges & Trading Venues

Coinbase Consumers Threatened To Sue Over Bitcoin Cash, Was it Realistic To Begin With?

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.

Vendors

Wealth Begins Its Blockchain Reaction

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.

Latest Developments & Agreements

R3, CGI And Eleven Banks Develop Blockchain-Based Trade Finance App

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.

Startups, Accelerators & Hubs

Major Blockchain Hackathon To Launch In Australia Amidst Increased Bitcoin Adoption

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.

Analysis

Bitcoin Soars To Record As Buyers Look Beyond Miners’ Split

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?

Blockchain Token Bubble Has Plenty More Hot Air To Come

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.

Other news

Trader Claims He Lost $430,000 At Digital Exchange BTC-e

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.

Opinion

Op Ed: Five Challenges You’ll Face When Starting Your Own Blockchain Project

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