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Time for your daily blockchain dosis brought to you by Editor-in-chief Florin Adrian Oprea (FAO) & Editor Decebal Nicolaie Todarita (DNT)! 6 hours of our work for 6 minutes of your time! We have read the Blockchain news for you, so scroll down to read the best (STILL FREE) daily newsletter in this industry!
Editor Decebal Nicolaie Todarita (DNT): It’s almost weekend, but we still have a lot of excellent stories for you today. So, before the end of the day scroll down to find the latest Blockchain Daily News. For example, have you ever wonder how it’s to lose $3 Billion Of Bitcoin? We have an exemple: India.
Henny Sender – Financial Times (subscription)
Cheang Ming – CNBC
The World Bank has mandated Commonwealth Bank of Australia to arrange the world’s first blockchain bond.The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered New Debt Instrument. (It’s also a reference to Bondi Beach, an iconic spot in Sydney.)
Carmin Chappell – CNBC
Overstock shares jumped as much as 21% in after-hours trading on Thursday after the e-commerce retailer announced that Hong Kong private equity firm GSR Capital will invest up to $270 million into Overstock’s blockchain subsidiary tZero.
Archana Chaudhary & Jeanette Rodrigues – Bloomberg (subscription)
Investors in India lost an alleged $3B of Bitcoin, in what could be one of the country’s biggest cryptocurrency scams.Accusations of tax evasion and police corruption, a kidnapper who was kidnapped, a fugitive politician, and billions in bitcoin lost. This is crypto-trading Gujarat-style.The ingredients are part of an investigation in Indian Prime Minister Narendra Modi’s home state into allegations that investors poured cash into a bitcoin-based Ponzi scheme that could exceed the country’s largest banking scandal.
Max Yakubowski – Cointelegraph
The Bank of China, one of the big four state-owned banks, announced it will greatly increase investment in innovation R&D. In addition to conventional technology investment, the annual input on the R&D of science and technology will not be less than 1% of the bank’s operating income, according to Liu Qiuwan, Chief Information Officer of the bank, The Paper reported (Ed. note – link in Chinese).
DNT: As the story informs, the bank has already applied blockchain technology in 12 projects, mainly to improve the areas of data sharing, cross-border payment, digital currency and digital bills.According to the global blockchain enterprise patent ranking in 2017, the Bank of China owns 11 blockchain technology patents, ranking 20th among global companies.
Reuters Staff – (Reuters
Singapore-based venture capital firm Golden Gate Ventures said it will launch a $10 million fund to invest in cryptocurrency and blockchain technology startups.The fund, called LuneX Ventures, will invest in early-stage companies globally such as cryptocurrency exchanges and security providers.
Channel News Asia
Blockchain company Soluna plans to build a 900-megawatt wind farm to power a computing center in Dakhla in the Morocco-administered Western Sahara, its chief executive John Belizaire said.
Komfie Manalo – Cryptovest
A cryptocurrency and fintech hub will rise inside the Cagayan Economic Zone Authority (CEZA) – a government economic zone in the northern part of the Philippines that is seen to challenge the Switzerland Crypto Valley, the state news agency PIA reported.
Wolfie Zhao – Coindesk
Japanese IT giant GMO has just reported making an operating profit of 255 million yen (about $2.3 million) for its cryptocurrency business in the second quarter of this year.
The firm released its financial report following an earnings call which indicated that the company’s crypto segment made a total of 2.6 billion yen, or $23 million, in net revenue.
Mistertango, the first crypto-friendly fintech company, announced a partnership with one of the biggest European crypto-exchanges, EXMO, with average daily trading volumes of around $50, allowing users to trade, exchange and store their assets with ease.
Christine Kim – CoinDesk
Cryptocurrency exchange Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX). Binance, one of the world’s largest cryptocurrency exchanges by trading volume, announced back in March that it plans to launch a new public blockchain for the purposes of developing the Binance Chain, a platform to transfer and trade different crypto assets without a centralized operator. T
Eduard Watson – Oracle Times
After the cyber attack that affected Bithumb cryptocurrency exchange platform in mid-June, causing losses of about $31 million, the crypto trading company announced that Monero deposits and withdrawals resumed on Bithumb.
Sarah Hansen – Forbes
Paxos, the parent company of the regulated cryptocurrency exchange itBit, announced that INTL FCStone a London-based financial services company, will be the first to use the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. The service is the first phase of a larger effort by Paxos to build a blockchain-based post-trade solution for precious metals and other related markets.
Todd White – Bloomberg (subscription)
Tae Kim – CNBC
Renaissance Macro Research says if the price of bitcoin breaks its key year-to-date support level the digital currency will be “permanently impaired.” The firm’s head of technical research, Jeff deGraaf, said he would recommend betting against bitcoin if the cryptocurrency broke through its key year-to-date support level.
Cindy Huynh – BTC Manager
Australia-based companies DigitalX and Stargroup Ltd. recently partnered to create a two-way ATMs for cryptocurrency enthusiasts to buy and sell Bitcoin direct from ATMs. While the agreement covers the entire international network of Stargroup ATMs, both companies are keen to begin the two-way ATM rollout in Australia.Partnership to cover the global network of Stargroup ATMs
Scott Neil – Royal Gazette
Ups and downs: the high volatility of cryptocurrencies such as bitcoin is one of the reasons why many large banks are reticent to involve themselves in crypto-related banking. Bermuda is in the process of establishing a new class of banking licence to provide banking services to Bermuda-based fintech companies.
Via PRNewswire – Retail tech veteran, Stuart Simms, appointed as CEO at Rakuten
Via Globe Newswire – Global blockchain company AlphaPoint appoints experienced cybersecurity executive Srikant Manda as chief information security officer
William Suberg – Cointelegraph
The South Korean government is set to launch a program dedicated to fostering young talent in emerging areas including blockchain a press release confirmed. The 2018 Innovative Growing Youth Talent Concentration Project is the second installment of the initiative following a successful inaugural round, which ran June 11 through July 10.
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Ron Miller – TechCrunch
IBM and shipping giant Maersk having been working together for the last year developing a blockchain-based shipping solution called TradeLens. Now they moved the project from Beta into limited availability.
Nikhilesh De – CoinDesk
The mainnet for decentralized encyclopedia startup Everipedia is now live.
The blockchain-based Wikipedia competitor announced the launch on Thursday, allowing users to earn its IQ tokens for adding or editing articles to the platform. These tokens, in turn, will let users participate and vote on network governance issues.
Rachel Addison – FT Adviser
The Financial Conduct Authority has warned consumers this week about clone firms in the cryptocurrency market.The regulator has issued two warnings with regards to fraudsters using the details of FCA authorised companies to create a ‘clone firm’, with which they then contact consumers in the UK.
Christine Kim – Coindesk
Don Tapscott, the co-founder and executive director of the Blockchain Research Institute – a multi-million dollar global blockchain think tank – published a report calling for increased regulatory clarity on blockchain and cryptocurrencies.
“Regulators would be wise to avoid the chainsaw when microsurgery could do” when it comes to blockchain technology, says author Don Tapscott.
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Ian Allison – Coindesk
U.K. banking giant Barclays is challenging up-and-coming blockchain coders to help revamp the global derivatives market at a hackathon next month.DerivHack will take place simultaneously in London and New York on September 20-21 at Barclays’ Rise accelerator spaces. The International Swaps and Derivatives Association, Deloitte and Thomson Reuters are co-sponsoring the event.
Nikhilesh De – CoinDesk
A recent study published by the National Bureau of Economic Research suggests that cryptocurrency markets move depending on the type of attention they receive – unlike traditional financial markets.
Razvan Zamfir – Business Review
The potential of cryptocurrency to increase speed and reduce the cost of business is threatened by theft, poor security and criminal activity, according to an analysis of Alex Milcev, EY Romania’s leader of the Department for Tax and Legal Assistance.
Finbarr Bermingham – Global Trade Review
The majority of Asia’s top 1,000 companies are unconvinced that digital technologies such as blockchain will improve their trade finance experience.54% of those polled in exclusive research conducted on behalf of GTR said they were either unsure whether it would translate into a better user experience, or that it would definitely not do so.
Connie Yang – Fast Company
When I started at Coinbase a year ago, it quickly became clear that there are a thousand big problems to solve in crypto–and very few of them had been considered by a designer. I shared this thought with one of my design heroes, John Maeda. Where should I begin? He looked at me thoughtfully and said, “It sounds like what you need is a design movement.”
Wolfie Zhao – CoinDesk
A Chinese cryptocurrency trader who was sent bitcoin in error must repay an exchange even if it broke domestic rules, a Beijing court has ruled.In a judgement an intermediate Beijing court upheld a decision made by a district court early this year that a bitcoin trader named Li Jianfeng must return the proceeds he received from selling five bitcoins he obtained by accident.
Nafeesa Syeed – Bloomberg (subscription)
In Mac Warner’s 23 years in the U.S. Army, he experienced firsthand the hurdles of voting from abroad. “On a hillside in Afghanistan, it’s hard to get mail, it’s hard to ship it out,” he says.As West Virginia’s secretary of state, Warner wants to help deployed service members to more easily cast a ballot—only 20% of the state’s overseas military personnel voted in 2016. He also wants to bolster election security.
Mike Orcutt – Technology Review
Voting in West Virginia just got a lot more high-tech—and experts focused on election security aren’t happy about it.
Ali Montag – CNBC
“The current implied daily disaster probability is about 0.4% for Bitcoin, 0.6% for Ripple, and 0.3% for Ethereum,” according to the report by Yale University economics professor Aleh Tsyvinski and economics Ph.D. candidate Yukun Liu.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News