Blockchain Daily News – Edition 29, 11.08.2017
August 11, 2017
Blockchain Daily News – Edition 31, 15.08.2017
August 15, 2017

Blockchain Daily News – Edition 30, 14.08.2017

Blockchain Daily News

by Florin Oprea

Edition 30, 14.08.2017

Deals, Investments & M&As

Tezos to Launch $50 Million Venture Fund to Boost Blockchain Growth

Wolfie Zhao – CoinDesk

The Tezos Foundation, the non-profit that oversees the development of the governance-boosting blockchain protocol, tezos, has announced the launch of a $50 million venture fund.

FAO: With so much money in the bag (Tezos raised $232 mln – reported here), I guess you feel the need to share a bit?

BnkToTheFuture Taps ICO Demand with Investment Product Launch

Stan Higgins – CoinDesk

An investment hub for industry startups that has helped investors back firms like Bitwage and Unocoin, BnkToTheFuture is moving to allow investors to buy so-called Simple Agreements for Future Tokens, or SAFTs, a legal framework for token issuance developed by startup Protocol Labs.

FAO: It was only a matter of time.

Columbus Capital To Manage Iconomi Digital Assets

Finextra

While ICONOMI will continue focusing on platform development and offering the software tools for blockchain-focused fund managers, Columbus Capital will independently manage three initial funds; a comprehensive Blockchain Index (BLX), Pinta (CCP), a closed-end, high performance fund focusing on novel digital assets and Blockchain.ONE, a fund soon to be listed on traditional, internationally regulated exchanges.

Cryptocurrencies

Police Make Arrest Over London ‘Cryptocurrency Boiler Room’

Financial Times (subscription)

Police Have Broken Up An Alleged Cryptocurrency ‘Boiler Room’ In London

Oscar Williams-Grut – Business Insider

A man was arrested on Wednesday at his home on suspicion of conspiracy to defraud and money laundering.

FAO: #OMG section ?!?? This guy was arrested at this home. Maybe his “boiler room” was in fact his boiler room?!? Hmm, guess we’ll never know…

Exchanges & Trading Venues

LedgerX and CBOE: The CFTC’s Trojan Horse in an SEC Turf War

Benjamin Sauter & David McGill – CoinDesk

In this opinion piece, Sauter and McGill examine how a new class of cryptocurrency-based financial products could impact the balance of power between US regulators.

FAO: Interesting thoughts begin to surface after latest CFTC approvals (LedgerX – here) and SEC warning on “cryptoverse”.

Bitbay To Launch Cryptocurrency Trading Platform In India

Pratik Bhakta – The Economic Times

The company is planning to start demo operations on August 14 and initiate full fledged trading from August 24. They have a current workforce of 10 people here which they plan to increase to around 50 by end of the year.

FAO: The Poles are invading India.

Vendors

Tradologic Preparing to Launch Cryptocurrency Trading Software

Victor Golovtchenko – Finance Magnates

The technology provider is preparing a brokerage suite focusing on trading cryptocurrencies.

FAO: This could be useful.

BitPeople

NEO Co-Founder Banks On Blockchain To Build A Smart Economy

Nikolai Kuznetsov – Forbes

Da Hongfei, co-founder of blockchain group NEO (is up over 350% this month – more here via Cointelegraph) – formerly AntShares – who views blockchain as the key to a new “smart economy” where a comprehensive blockchain ecosystem could create better ways of managing financial transactions. The emergence of these new technologies is set to change every industry.

FAO: NEO’s market cap is now bigger than Litecoin’s…

Regulation

The EU Is Building a ‘Financial Transparency Gateway’ with Blockchain

Stan Higgins – CoinDesk

The executive arm of the European Union has revealed it is currently building a blockchain-based gateway designed to share information on listed companies.

The disclosure came from Valdis Dombrovskis, vice president of the European Commission and European Commissioner for the Euro and Social Dialogue, in response to a question from MEP Antanas Guoga on the state of the commission’s work with blockchain and cryptocurrencies last month.

FAO: The EU seems quite determined to go “the blockchain way”. Encouraging!

Analysis

Coinbase CEO Touts ‘Netscape Moment’ For Digital Currencies — But Is That A Good Thing?

Mike Murphy – MarketWatch

“Digital currencies are having their ‘Netscape’ moment. The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies. We’re beginning to transition into phase three of our secret master plan,” he said.

FAO: Last week Coinbase raised $100million at a private valuation of $1.6 billion.

Top Wall Street Strategist Expects Bitcoin To Be The Best Asset Through Year-End

Evelyn Cheng – CNBC

Bitcoin Vaults To New Record Above $4K, Boosted By Japan And Multiplying Its Value Fourfold

Evelyn Cheng – CNBC

The digital currency has now quadrupled in 2017, and is up about 40 percent in August alone. Bitcoin’s market value is now around $64 billion, up about $10 billion in the last week.

FAO: BTC rallied last weekend.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News