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June 28, 2017
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July 3, 2017

Blockchain Daily News – Soft launch Edition #26, 29.06.2017

Blockchain Daily News

by Florin Oprea

Edition #26, 29.06.2017

Deals, Investments & M&As

Pantera Capital to Raise $100 Million In Investment For ICO Hedge Fund

Pete Rizzo – CoinDesk

The $600m market for initial coin offerings may soon be set to expand.

Investment firm Pantera Capital is launching a new hedge fund focused on investments solely in tokens that power public blockchain protocols.

FAO: Pantera was founded by its CEO, Dan Morehead, a former CFO and head of macro trading at Tiger Management, a hedge fund.

Cryptocurrencies

Burger King To Accept Bitcoin In Russia This Summer

William Suberg – The Coin Telegraph

Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.

DNT: A few days ago we covered a story about what we can buy with Bitcoin.. Maybe even sandwiches? Yes. And the list that Florin provided is growing…Great! Problem solved. We can buy a sandwich with Bitcoin. And not only in one place.

Exchanges & Trading Venues

Sell Side Forges Ahead With Ambitions For Live Blockchain

John Brazier – Waters Technology

This week it was the turn of both R3 and the Digital Trade Chain Consortium (DTC) to announce new developments regarding their respective efforts to get DLT live in the capital markets as soon as possible.

FAO: More details about R3’s announcement can be checked in our yesterday’s edition.

Harbour, An Ethereum-based DAO For Managing Token Assets Announces Launch And Releases Technical Specifications

PR Web

Harbour introduces a democratic, community-governed framework to the blockchain ecosystem for managing and holding token assets by harnessing the wisdom of the crowd.

Circle, Blockchain And The Birth Of Social Payments In The UK

Madhvi Mavadya – Forbes

Last month, social payments app Circle made it into the top 20 UK iPhone App Store chart after a period of viral social growth and many young people have started to use the service in a social setting, in the same way Venmo is used in the US.

Vendors

SAP’s Chief Strategy Officer Thinks Blockchain Is Not A Zero-Sum Game

Saheli Roy Choudhury, Geoff Cutmore – CNBC

SAP’s chief strategy officer: Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses.

BitPeople

Bitcoin Exchange Operator Tied To Hacks Gets Five-And-A-Half Years U.S. prison

Jonathan Stempel – Reuters

A Florida man was sentenced on Tuesday to 5-1/2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase & Co.

FAO: Anthony Murgio and his co-conspirators faced accusations of processing millions of dollars into bitcoin through the unlicensed exchange Coin.mx.

Regulation

CFTC Chief Asks Congress For More Money To Oversee Blockchain

Stan Higgins – CoinDesk

The US Commodity Futures Trading Commission (CFTC) has cited the advance of technologies like blockchain in a request to obtain additional funding for oversight activities.

FAO: Seems fair. I remember last year they asked for more funds to watch the activity of HFT (high frequency trading) firms on US exchanges.

SEC Is Still Eyeing To Regulate The ICO Market

Anthony Coggine – The Coin Telegraph

US Securities and Exchange Commission is still eyeing to enforce regulations to Blockchain companies engaged in ICO.

FAO: Interesting to watch this further. I bet they won’t be able to do it in the next 5 years. What do you think? Send me your thoughts.

Japan Looks To Blockchains For More Secure E-government Systems

Nikkei Asian Review

Japan wants to use the data storage technology behind bitcoin and similar virtual currencies to update how individuals and companies interact electronically with government, aiming to bolster information security while cutting administrative costs.

FAO: Read the first two headlines of this section. Now read the headline above. Am I the only one thinking about the growing discrepancy between western and eastern governments when it comes to blockchain?

Startups, Accelerators & Hubs

Blockchain Developer ChromaWay Launches Postchain ‘The First Consortium Database’

Ian Allison – International Business Times

Blockchain developer ChromaWay has released Postchain – “the first consortium database” – to combine the power and flexibility of mature, productised databases with blockchain database design.

Associations & Federations

World Economic Forum Publishes Blockchain Governance Taxonomy

Michael del Castillo – CoinDesk

The World Economic Forum has published a detailed white paper arguing that blockchain stakeholders should organize in a way that would dwarf even the largest consortia.

Press release here – via MondoVisione.

FAO: Today’s top story, but added in the proper section…

Analysis

Ethereum Explodes Above $300

Jonathan Garber – Business Insider

Ethereum is exploding higher Wednesday, trading up by 32% at $299.70. It hit a high of $308 earlier in the session.

FAO: Bulls take charge.

Volatile And Interesting Months Ahead For Bitcoin: Charles Hayter On Bitmain’s Hard Fork

Sidhartha Shukla – Money Control

Speaking to Moneycontrol Charles Hayter, co-founder and CEO of cryptocurrency data platform CryptoCompare, sheds light on the what Bitmain’s proposed hard fork is and what it means for bitcoin, as a technology and on its price.

Other news

Blockchain: Initial Coin Offerings Pull In Millions, But At What Cost?

Joseph N. DiStefano – PhillyDeals

Innovators who want to raise capital in a hurry, for projects based on blockchain electronic record systems and electronic currency platforms, are bypassing IPOs to pitch quick-buck initial coin offerings (ICOs).

Fanciful Bitcoin Banknotes Show How Digital Currency Might Look In The Real World

NBC

“In some way, the project is a loose data visualization, but I mainly wanted to make the bills be interesting on their own as artworks,” says Matthias Dörfelt, the Los Angeles-based artist who made the notes.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News