Blockchain Daily News – Edition 34, 18.08.2017
August 18, 2017
Blockchain Daily News – Edition 36, 22.08.2017
August 22, 2017

Blockchain Daily News – Edition 35, 21.08.2017

Blockchain Daily News

by Florin Oprea

Edition 35, 21.08.2017

OMG Section!?!!

Hackers Create Fake Bittrex Cryptocurrency Site To Steal Users’ Login Credentials And Money

India Ashok – IBT

Hackers are reportedly operating the fake site to steal users’ login credentials and money saved in the exchange. The fake Bittrex site has allegedly been designed to perfectly mimic the legitimate site, even displaying a similar login page, presumably in efforts to lure victims into divulging their login credentials.

FAO: They are getting better and better at this game. And how does this nascent industry react? I think too many do too little. And believe me, I read a lot of news in order to draft a final “10 stories” newsletter…

Deals, Investments & M&As

Filecoin ICO Raises Record $250 Million from Accredited Investors

Josiah Wilmoth – Crypto Coins News

FAO: Filecoin reached a record of $252m raised until now. Filecoin is first offering on CoinList (more coverage here). It was an amazing year for ICOs:  Bancor $153m (reported here), Block.one $185m (reported here) and Tezos’ $232 mln (reported here).

ICOs Take Centre Stage, But Current Crop of ICO Platforms Unsuitable

Nick Ayton – The Cointelegraph

There are 100 ICOs planned for September 2017 and another 100 planned until the end of 2017. The list is growing each day and with it a plethora of new ICO platforms, service providers and PR & Marketing companies cashing in…

FAO: Remember the SEC’s warning last month? Just look at these numbers and think why does the SEC want to join the “cryptoverse”…

Cryptocurrencies

Watch Out for This Ripple Crypto, a Possible Hot Rival to Bitcoin And Ethereum

Tanzeel Akhtar – The Street

According to reports, it is estimated Ripple owns about 61% (or $16 billion) of XRP. It seems Ripple is still in its very early days but should not be disregarded, because it has billions of dollars worth of cryptocurrency on its balance sheet.  

Exchanges & Trading Venues

bitFlyer Readies Expansion Into Hot U.S. Market

Brian Patrick Eha – American Banker

Japanese exchange bitFlyer plans to expand to the United States by opening a San Francisco-based exchange in the fall of 2017. San Francisco is where Kraken and Coinbase’s GDAX, two leading U.S. digital asset exchanges, are located.

FAO: That’s a bold move…

BitPeople

Meet Charlie Lee, Inventor Of Litecoin Cryptocurrency

Leigh Cuen – IBT

FAO: Interesting read. Remember that Charlie Lee recently left Coinbase to focus on LTC.

The Lives Of Bitcoin Miners Digging For Digital Gold In Inner Mongolia

Zheping Huang & Joon Ian Wong – Quartz

A decade ago, after a speculative coal boom fizzled, the once-thriving desert city of Ordos, in Inner Mongolia, became China’s largest ghost town, littered with unfinished or empty buildings and desperate for another way to make money. Blessed like most of China with cheap labor, land, and, most important, cheap electricity, Ordos threw open its doors to all-comers, including bitcoin, the stateless digital currency whose total market value has more than quadrupled this year to $70 billion, and whose ability to act as a kind of digital gold has captured the imaginations of governments, big banks, and small entrepreneurs.

FAO: Today’s must-read. A defunct coal mining city is brought back to life by another kind of mining.

Latest Developments & Agreements

Bitcoin Bond Launch Brings Digital Currency Step Closer To ‘World Of High Finance’

CNBC

The development of bitcoin options, futures and now bonds could help the often volatile digital currency become a better-established asset class.

FAO: Makes reference to Japan’s (and probably world’s) first BTC denominated bond – reported last week.

Regulation

How Smart Regulation Could Help Institutional Blockchain Adoption

Adi Gaskell – Huffington Post

Last year the European Parliament voted for a system of ‘smart regulation’ that will see a light touch approach to regulating what is still a very nascent technology.

Events

Blockchain & Bitcoin Conference – September 7, Stockholm – more info here

Other news

Pentagon Eyes Bitcoin Blockchain Technology As Cybersecurity Shield

Dan Boylan – The Washington Times

Private analysts say that using blockchain could dramatically improve security across the U.S. military, preventing megahacks, tampering and cyberhijackings of vehicles, aircraft or satellites.

FAO: Governments across the world are already chasing Blockchain…and testing it too…

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News