Blockchain Daily News – Edition 32, 16.08.2017
August 16, 2017
Blockchain Daily News – Edition 34, 18.08.2017
August 18, 2017

Blockchain Daily News – Edition 33, 17.08.2017

Blockchain Daily News

by Florin Oprea

Edition 33, 17.08.2017

Deals, Investments & M&As

BBVA Warns Of “Dangerous Bubble” For Blockchain ICOs

Antony Peyton – Banking Technology

BBVA reckons the fever for ICOs in blockchain must be cooled as the industry is facing a “dangerous bubble” driven by speculation.

FAO: In May we reported about a new blockchain consortium formed by a group of Spanish banks, including: Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja. Oh and we know BBVA is testing blockchain, it’s working with Ripple on this – here’s a report.

Researchers Find Issues With 0x, An Ethereum-Based Project Aiming To Raise Millions In An ICO

Amy Castor – Forbes

0x (pronounced “zero-x”), an Ethereum-based project looking to raise $24 million in an ICO, has some missing elements, according to a group of computer scientists who recently examined the project under a microscope.

FAO: Oops. According to a report of researchers at Cornell Tech’s Initiative for Cryptocurrencies and Contracts (IC3) the 0x code is incomplete. Did you miss our #OMGSection!?!!

Cryptocurrencies

Bitcoin’s Next Civil War Battle May Already Be Looming

Yuji Nakamura – Bloomberg

The problem is that SegWit2x is a two-step process, and only the first one is complete. The second step, scheduled for November, is already generating controversy and could halt the rally unless things go smoothly. Given the community’s stormy history, I would expect anything but.

FAO: Interesting times. It will be a tough autumn. BCH is currently  no. 4 in market cap.

Bitcoin ‘Miners’ Dig More Than Just The Money

Sarah O’Brien – CNBC

Investors pin hopes on underlying “blockchain” technology.

Ripple Uses Blockchain To Move Money Faster Than A Flying Courier

Tom Groenfeldt – Forbes

Brad Garlinghouse, CEO of Ripple, likes to compare speeds of moving money internationally.

FAO: Is it Ripple’s week? Yesterday we had two stories about Ripple’s development plans.

Ethereum Technology to Thrive as EEA Adds Legal Industry Support

John Patrick Mullin – The Cointelegraph

One of the leading Ethereum Blockchain consortiums just got a bit stronger. The Enterprise Ethereum Alliance (EEA) announced the addition of 14 new members to its Legal Industry Working Group.

FAO: New wave of members joining EEA. Last wave was reported last month.

Vendors

IT Giant NTT Data Enlists 13 Companies for Blockchain Consortium

Wolfie Zhao – CoinDesk

Japan’s largest IT services firm, NTT Data, has announced a new consortium aimed to investigate use cases for blockchain technology.

Notable participants include Mizuho Financial Group, Mitsu Sumitomo Insurance, Nippon Express and Sojitz Corporation. The Bank of Tokyo-Mitsubishi, Toyota Tsusho and Kawasaki Kisen Corporation, and others, are also involved.

FAO: Looks like we will soon need to organize a list of blockchain consortiums, just to keep track…

Other news

Secret Service Agent, Corrupted By Silk Road Case, Cops To Second Heist

Cyrus Farivar – Ars Technica

Over a year ago, federal authorities strongly suggested in court filings that, in 2015, after Shaun Bridges had left the Secret Service and after he had already signed his first guilty plea, he had illegally transferred to himself over 1,600 bitcoins. Those bitcoins had previously been seized by federal authorities from Bitstamp, a European Bitcoin exchange, which later challenged the seizure.

FAO: At current BTC rate that is about $7m. Hmmm…

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News