Blockchain Daily News – Edition 2, 05.07.2017
July 5, 2017
Blockchain Daily News – Edition 4, 07.07.2017
July 7, 2017

Blockchain Daily News – Edition 3, 06.07.2017

Blockchain Daily News

by Florin Oprea

Edition 3, 06.07.2017

Breaking News!

Hackers Steal Bitcoin Funds From Bithumb Exchange Traders

BBC

FAO: Yet another attack. It seems that an employee’s PC was hacked, and not exchange’s servers. Bithumb is South Korea’s biggest cryptocurrency exchange and has promised compensation. It seems that personal details of more than 30,000 of traders were stolen too.

Deals, Investments & M&As

Fintech Startup Omise Raises $25M In ICO That Bucks ‘Money Grabbing’ Trend

Jon Russell – TechCrunch

By now you’ve probably heard of ICOs. The alternative fundraising option has been used to raise more than $500 million in funding this year alone, but it has gotten a reputation for unfinished products and untested teams raising gargantuan sums.

PHILIPP SANDNER, Frankfurt School Blockchain Center: Interesting to see there are also ICO’s happening, which seek to have a “responsible approach” by limiting the funds raised.

FAO: I like the statement of Omise’s CEO, Jun Hasegawa: “Unlike other sales, we didn’t want to raise our sale cap past $25 million because we don’t expect we need more money to accomplish our goal. It is both irresponsible and counterproductive to take more than we think we need.”

OpenANX Token Sale Closes Early Due To Overwhelming Demand

PR Newswire

The Open ANX Foundation Limited (The “Foundation”) announced that it has closed the OAX Token Sale ahead of schedule after it surpassed its initial funding goal.

FAO: Looks like The Foundation has sold 25,009,250 OAX tokens in less than 11 days, or a total of $18,756,937 USD at the sale exchange rate of 478.68 OAX per ETH.

Monster Byte ICO Presale Sells Out In Minutes

News BTC

On July 3rd, the Monster Byte ICO presale sold out in under 5 minutes. Due to the strong demand in just several minutes, the presale was slightly oversubscribed. Investors purchased $207,449.28 worth of Monster Byte tokens with bitcoin, ethereum, litecoin, and waves.

BNP-Backed Blockchain Crowdfunding Effort Completes Initial Stage

Pete Rizzo – CoinDesk

A blockchain crowdfunding effort led by a subsidiary of French banking conglomerate BNP Paribas has completed the first phase of its development, according to the firm.

Cryptocurrencies

Blockchain – “Bitcoin with Haircut” Or Replacement For Inefficient Banking System?

Joseph Young – The Cointelegraph

Following other major banks and financial institutions such as Goldman Sachs, JPMorgan Chase has started to utilize Blockchain technology to automate high throughput transaction processing.

FAO: JPMorgan works on the “proof of authority (PoA)”, a consensus protocol that would allow the verification of pre-approved nodes.

Bitcoin Stability Depends on Level Of Interaction With Conventional Systems

Iyke Aru – The Cointelegraph

Disruptive technologies achieve mainstream adoption when they become reasonably interactive with existing conventions.

Why Aragon Co-Founder Sees Ethereum Price Surpassing $1,000

Joseph Young – The Cointelegraph

Earlier this month, Aragon co-founder Luis Cuende revealed that he sees the price of Ethereum, which remains at around $261, hitting $1,000 in the long run.

Exchanges & Trading Venues

Exclusive: O-SYSTEMS Team to Launch New Cryptocurrency Trading Platform, Cryptency

Avi Mizrahi – Finance Magnates

The team behind O-SYSTEMS, the binary options, forex and CFD online brokerage solution provider, will soon announce the launch of its latest product, Cryptency, a cryptocurrency platform provider. This will be in cooperation with Vista Brokers, a CySEC-regulated firm.

Vendors

For Infosys, Blockchain And AI Are Opening New Doors In India’s Digital Payments Market

Quartz India

In an April 2017 global survey on internet security and trust, a whooping 86% of Indians said they would likely use mobile payments over the next year, well above the world average of 57%.

FAO: Useful stats and figures in this article. We come across a lot of articles like this one and we strive to collect enough data to use it in future pertinent analysis. Worth reading more about India fintech future. India has its own place in the fintech revolution. It’s only a matter of time.

BitPeople

Coinality Website and Associated Mobile Applications Are Up For Sale

JP Buntinx – News BTC

We can only hope Coinality remains a part of the overall Bitcoin community in the future.

FAO: Fancy a crypto jobs board?

Latest Developments & Agreements

Bitcoin-Friendly Japan will Open a FinTech Testing Hub

Samburaj Das – Cryptocoin News

Japan’s financial regulator will establish a FinTech hub to provide a framework enabling industry startups to test new innovative financial services.

FAO: Checked. What’s next on Japan’s fintech innovation “To Do List”?  

Germany’s Commerzbank Announces Blockchain Trade Finance Trial

Wolfie Zhao – CoinDesk

Commerzbank is looking to digitize the trade finance process using blockchain.

FAO: Good! And also good to hear German banks are also looking this way.

Regulation

How Two Countries Helped Drive The Recent Rise In Cryptocurrency Prices

Hugh Harsono – Tech Crunch

Digital currency prices have soared recently, with reports from the past few months showing enormous valuation increases for currencies across the board.

FAO: Yeah! It’s about Japan and China, again…I would also like to add more stories from other corners of the world.

‘Big 4’ Accounting Firms Are Experimenting With Blockchain And Bitcoin

Prableen Bajpai – Nasdaq

While the landscape for blockchain technology is still in its infancy, its potential is transformational and has led to entities across industries to experiment and embrace it.

Macedonia’s Kadievska: DLT Could ‘Completely Replace’ Some Intermediaries

Central Banking

The vice-governor of the National Bank of the Republic of Macedonia has said the emergence of digital technology could pose challenges for central banks in the future.

FAO: Here’s a surprising emergence in this section and this newsletter.

Startups, Accelerators & Hubs

What Monopoly? Blockchain Startup Setl Sets Sights Beyond Australia

Michael del Castillo – CoinDesk

Setl founder Peter Randall isn’t waiting for permission to build the first competing platform in an Australian post-trade system long dominated by a monopoly.

FAO: Good for him!

Associations & Federations

The World Economic Forum Might Not Be Ready to Lead a Blockchain Revolution

Michael del Castillo – CoinDesk

The research phase of the World Economic Forum’s work with blockchain has only just begun, and already its managing director is beginning to explore a more hands-on approach.

Events

October 3-4, 2017: European Blockchain For Finance Conference In Dublin

Oscar Michel – Irish Tech News

@Aviva Stadium in Dublin.

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News