Blockchain Daily News – Edition 36, 22.08.2017
August 22, 2017
Blockchain Daily News – Edition 38, 24.08.2017
August 24, 2017

Blockchain Daily News – Edition 37, 23.08.2017

Blockchain Daily News

by Florin Oprea

Edition 37, 23.08.2017

OMG Section!?!!

A Very Dumb Mistake Costs Cryptocurrency Investors Big Time

Lily Hay Newman – Wired

The digital financial services developer Enigma prides itself on ultra-secure products. The company’s Catalyst platform protects financial info with a cutting-edge combination of blockchain-inspired privacy technology and cryptography. So it comes as no small surprise that on Monday, scammers took over the company’s website, mailing lists, and Slack accounts by exploiting some extremely basic security mistakes Enigma had made. The blunders also facilitated a scam that ultimately cost Enigma supporters almost $500,000.

FAO: Should we start a scorecard for these attacks? Maybe we should also rate the best attacks/the worst protection measures etc. etc…..

Deals, Investments & M&As

Bitcoin Skeptic Mark Cuban to Invest in Cryptocurrency Fund

Camila Russo – Bloomberg

Mark Cuban is investing in 1confirmation, a fund that plans to raise $20 million to invest in blockchain-based companies. VC firm Runa Capital is among other investors, and its technical advisors include Andreessen Horowitz board partner Balaji S. Srinivasan and programming language JavaScript founder Brendan Eich.

FAO: Runa Capital’s principal is Nick Tomaino, a former Coinbase staff. Mark Cuban is jumping on the ICO bandwagon. We definitely need to keep track of all these new funds and to follow their development.

Founder Of Defunct ‘Bitcoin Securities’ Exchange Warns Against Ethereum ICO Hype

Kyle Torpey – Forbes

As the founder of BTC-TC, Ethan Burnside was once at the center of these sorts of offerings in the Bitcoin space. Things changed dramatically when he received a letter from the SEC in late 2013. After exploring options with his legal team and realizing there was no way to continue operation, the tough decision was made to gracefully shut down the exchange. Today, Burnside spends most of his time working on his social casino gaming startup Yapping Moose Entertainment.

Cryptocurrencies

Ethereum Closes on $350, Demand Surges as Metropolis Hard Fork Nears

Joseph Young – Crypto Coins News

After the announcement of tech giant Microsoft to release its first Ethereum-based and privacy-focused blockchain framework Coco, the Ethereum foundation revealed its plan to execute a new hard fork named “Metropolis.”

FAO: What’s next for ETH? What do you think? Do you have a proper analysis? Want to get it published? Send us a sample and we can even publish your work for free.

Exchanges & Trading Venues

Poloniex Pressure Sees Startup Go Viral to Win Funds Back

William Suberg – The Cointelegraph

Poloniex customers continue to face the fallout from changes to its terms and conditions amid complaints of inadequate support.

FAO: We have recently published an article regarding this change – check it here.

BitPeople

Wall Street’s Cowboy Traders Find New Riches In Bitcoin And Cryptocurrencies

Nathan Vardi – Forbes

Mike Komaransky spent 16 years trading, starting out as a clerk in the pits of the Chicago Mercantile Exchange, buying and selling everything from U.S. Treasuries to European fixed income derivatives. He spent his career at DRW Holdings, becoming a partner at the proprietary trading firm that runs one of Wall Street’s largest high frequency trading businesses. Since 2010 Komaransky has focused on a new asset class, trading cryptocurrencies like bitcoin, and he did so well that Komaransky retired this summer—at the age of 38.

FAO: An effect of the expanding “cryptoverse”…

Regulation

Why Delaware Made It Easier for Businesses to Use Blockchains

Jeff John Roberts – Fortune

As of Aug. 1, a new law permits companies in Delaware—where more than two-thirds of Fortune 500 companies are incorporated—to keep their list of shareholders on a blockchain.

With Attacks Soaring, India Races to Regulate Cryptocurrencies

Archana Chaudhary & Santosh Kumar – Bloomberg

Policy makers in Asia’s third-largest economy, still reeling from a self-inflicted ban on high denomination notes last November, wanted to weigh their options to regulate virtual money.

FAO: How about starting with cybersecurity measures first?

Startups, Accelerators & Hubs

Boldstart Founder Launches Hyperledger Fabric’s First Blockchain Accelerator

Michael del Castillo – CoinDesk

The founder of VC firm Boldstart Ventures is launching the first accelerator dedicated exclusively to startups building on the Hyperledger Fabric blockchain.

With previous exits that include a $120 million deal with Google, investor Ed Sim announced Fabric Foundry – a project that finds him emerging as the latest in a line of tenured investors to express confidence in blockchain technology.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News