Blockchain Daily News – Edition 28, 10.08.2017
August 10, 2017
Blockchain Daily News – Edition 30, 14.08.2017
August 14, 2017

Blockchain Daily News – Edition 29, 11.08.2017

Blockchain Daily News

by Florin Oprea

Edition 29, 11.08.2017

Deals, Investments & M&As

Coinbase On Mission To Take Digital Currency Mainstream

Tomio Geron – The Wall Street Journal (subscription)

Coinbase Becomes First Bitcoin ‘Unicorn’

Robert Hackett – Fortune

A Bitcoin company has finally attained the “unicorn” title, an honorific bestowed upon startups valued at more than $1 billion. Coinbase has raised $100 million at a private valuation of $1.6 billion that includes the capital raised.

FAO: Woo hoo!!! Best story to end the week it. Read the next article. Soon a lot of other companies will follow this track. The “cryptoverse” is expanding. Are you well positioned for it?

PHILIPP SANDNER, Frankfurt School Blockchain Center: So startups can also be funded without ICOs.

$200 Million In 60 Minutes: Filecoin ICO Rockets to Record Amid Tech Issues

Stan Higgins – CoinDesk

An initial coin offering (ICO) for the blockchain data storage network Filecoin has raised an estimated $200 million from accredited investors despite being beset by technology issues.

FAO: We have watched Filecoin and its development. Is this a new ICO record? This was expected after the $52m raised in a pre-sale to investors like Sequoia Capital, Andreessen Horowitz and Union Square Ventures (announced here). Filecoin is first offering on CoinList (more coverage here).

Cryptocurrency Investment Fund Completes $1.8 Million ICO

Wolfie Zhao – CoinDesk

FAO: Another week, another fund appears in the “cryptoverse”.

Cryptocurrencies

GOLDMAN: ‘It’s Getting Harder For Institutional Investors To Ignore Cryptocurrencies’

Oscar Williams-Grut – Business Insider

Goldman Sachs is telling clients that the cryptocurrency space is “worth watching” after a flurry of activity in the space in 2017.

FAO: We hear more often about Goldman’s interest in this space and about its initiatives.

As Bitcoin Comes Off Its Record High, The Next Step Is To Avoid A ‘Lightning Fork’

Luke Graham – CNBC

The bitcoin community is awaiting the next big development called the Lightning Network.

Full Steam Ahead? Segwit2x Reaffirms Bitcoin Hard Fork Plan

Alyssa Hertig – CoinDesk

The technical team behind the bitcoin scaling proposal Segwit2x is doubling down on its controversial plan to introduce code that would seek to hard fork the network in three months time.

FAO: Interesting times in the “cryptoverse”. Who will be the winner? We shall but see.

Exchanges & Trading Venues

BTC-e Claims To Recover Just 55% Of Funds, May Conduct An ICO

Avi Mizrahi  – Finance Magnates

BTC-e Goes Bitfinex? Bitcoin Exchange Could Issue Tokens In Bid To Relaunch

Stan Higgins – CoinDesk

Bitcoin exchange BTC-e will return under a new name and issue a token in order to refund users, according to a forum account tied to the platform. The comments come after BTC-e, one of the longest-running and arguably most secretive of the world’s cryptocurrency exchanges, was shuttered by U.S. authorities late last month.

FAO: Life goes on. Business goes on. We will keep an eye on how things evolve around BTC-e.

Bitstamp Will Add Ether Trading To Cryptocurrency Exchange

Wolfie Zhao  – CoinDesk

European cryptocurrency exchange Bitstamp will launch new trading pairs for ether next week. Beginning on August 17, Bitstamp will add markets denominated in US dollars, euros and bitcoin for the ethereum-based digital currency. As part of the release, Bitstamp also revealed a new pricing structure for its markets, which unifies the fees it assesses among the exchange’s trading pairs.

FAO: Good! I guess this was highly expected.

PHILIPP SANDNER, Frankfurt School Blockchain Center: Interesting to observe wether Ethereum becomes a means for payment.

You’re Gonna Need A Bigger Virtual Wallet

Tyler Cowen – Bloomberg

The cryptocurrency market is exploding with new options, and there’s reason to doubt a consolidation is coming.

Vendors

Coco Revealed: Microsoft, JPMorgan & More Demo Blockchain-Boosting Tech

Michael del Castillo – CoinDesk

The new Coco platform (Microsoft press release here) – built to supercharge transaction speeds and simplify governance decisions – will be integrated with a number of popular open-source blockchains and distributed ledgers, including ethereum, R3’s Corda, Hyperledger Sawtooth and JPMorgan’s Quorum.

IT Giant Fujitsu Is Planning to Deploy Multiple Blockchain Business Models

Michael del Castillo – CoinDesk

IT giant Fujitsu has revealed new details on its plans to monetize its work on Hyperledger’s Fabric blockchain. One of several companies credited with helping build the core of the enterprise-focused distributed ledger platform, Fujitsu is now embarking on what it described as a two-fold plan to commercialize its progress.

FAO: Hyperledger released its first production ready Blockchain last month.

Envoy Rolls Out Centralized Management Of Crypto Mining

Globe Newswire

Envoy Group Corp. a digital currency and Blockchain technology company, announced today an update regarding a new engine for the management of its crypto-mining infrastructure.

Latest Developments & Agreements

Fintech Startup Brings Blockchain And Cryptocurrencies To Invoice Finance

Sanne Wass – Global Trade Review

New fintech startup Populous is introducing smart contracts, blockchain technology and digital tokens to the invoice financing space.

Cryptocurrency-Based Invoicing Platform Buzzing After $5M Raise

Tony Zerucha – Bankless Times.

The Hive Project has raised more than $5 million in bitcoin (1,500-plus BTC) from more than 1,500 participants. The funds will be allotted to infrastructure growth, marketing and platform implementation.

FAO: Good to note these initiatives in our records.

Analysis

Buoyant Bitcoin Stirs Crypto-Bubble Fears

Jemima Kelly – Reuters

Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake. Now some investors fear a giant crypto-bubble may be about to burst.

FAO: Last time I looked BTC was still up.

Bitcoin Price Will Likely Increase To $5,000 Post SegWit: Reasons & Trends

Joseph Young – The Cointelegraph

With the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) lock-in achieved, the market and investors are expressing their confidence in Bitcoin and its ability to scale.

Opinion

Cryptocurrency And Software Development: How The Two Mash Up To Create Major Change

Arthur Iinuma – Forbes

The ability to write software is already a game changer today, but is going to be one of the most defining skills in the future.

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News