Blockchain Daily News – Edition 38, 24.08.2017
August 24, 2017
Blockchain Daily News – Edition 40, 28.08.2017
August 28, 2017

Blockchain Daily News – Edition 39, 25.08.2017

Blockchain Daily News

by Florin Oprea

Edition 39, 25.08.2017

Deals, Investments & M&As

MGT Capital Raises $2.4 Million to Expand Bitcoin Mining Operation

Rachel Rose O’Leary – CoinDesk

The financing for MGT Capital came as a result of a 10% convertible note issued to a firm called UAHC Ventures LLC. The funding, according to statements, will be used to expand MGT’s bitcoin mining operations in the northwest US, where plentiful hydropower has attracted more than a few miners.

FAO: Earlier this year, in June (reported here, during our soft launch), MGT Capital launched a pilot program to mine Ethereum.

Blockchain-Based ID Solutions Company ShoCard Secures $4m In Funding

Ellen Tannam – Silicon Republic

Palo Alto-based identity management firm ShoCard has secured $4m in funding, which will aid the roll-out of its enterprise solution, ShoBadge.

Cryptocurrencies

Bitcoin, Ethereum Help Drive Digital Currency Market Cap Above $150 Bln

Joshua Althauser – The Cointelegraph

The sustained solid performance of the cryptocurrencies Bitcoin and Ethereum helped the virtual currency market to soar past the $150 bln mark in total market capitalization.

FAO: It was a good week for the “cryptoverse”.

No SegWit Bump? Bitcoin Price Shrugs Off Upgrade with Sideways Trading

Pete Rizzo – CoinDesk

“SegWit is old news for the market.” So says crypto analyst Petar Zivkovski, and there’s evidence to suggest traders largely agree.

Exchanges & Trading Venues

Bitfinex Warns Clients of Security Scam

Naomi Barzel – Finance Magnates

The Hong Kong based cryptocurrency exchange says that its traders have been receiving odd phone calls regarding account security.

FAO: Bitfinex was hacked last year. It was a big hit since $72 million in bitcoin was stolen from the clients’ accounts. Speaking about hacks in the “cryptoverse”, it was a disastrous year, just read the next story…and follow our #OMGSection stories since our launch…

Vendors

Cryptocurrency Cyber Crime Has Skyrocketed Alongside The Popularity Of ICOs

Camilla Hodgson – Business Insider

Almost 10% of all the money invested in initial coin offerings (ICOs) this year using cryptocurrency Ethereum has fallen into the hands of thieves.

Of the roughly $1.6 billion (£1.25 billion) invested in Ethereum ICOs this year, cyber criminals stole $150 million (£116.8 million), according to an analysis by Chainalysis, an investigatory and risk management firm specializing in virtual currencies. From June to August this year, the total lost to cyber crime in the crypto space jumped from $100 million (£77.9 million) to $225 million (£175.3 million).

FAO: Wait…WHAAAT??!??

Latest Developments & Agreements

Exante Launches XAI, The World’s First Altcoin Fund

Globe Newswire

The Malta-headquartered company launched a dedicated altcoin index, XAI, which reflects the dynamics of the altcoin world (all cryptocurrencies minus Bitcoin). The XAI-Fund follows the index, to profit from the rise in prices of most altcoins in an easy safe and regulated way.

FAO: Malta looks very promising for “cryptoverse” investments.

Visa Files Patent for Blockchain-Based Digital Asset Network

Benjamin Vitaris – Bitcoin Magazine

The credit card giant has filed a patent for a digital asset network at the U.S. Patent and Trademark Office.

Regulation

South Africa’s Central Bank: It’s ‘Too Risky’ to Launch a Cryptocurrency

Stan Higgins – CoinDesk

Speaking during the Strate GIBS FinTech Innovation Conference 2017 on Monday, the deputy governor of the South African Reserve Bank, Francois Groepe, commented on developments in the fintech space, taking a particular focus on blockchain and distributed ledgers.

FAO: Blockchain surely doesn’t look too risky across the ocean, in Papua New Guinea:

Central Bank of Papua New Guinea Adopts Blockchain Technology

Jessie Willms – Bitcoin Magazine

Central Bank Governor Loi Bakani, known as a champion of new technologies as a way to enable financial inclusion, recently hosted a conference to showcase his country’s commitment to blockchain technology, with participants from at home and around the world, including Abt Associates, Paycase, Othera, IDbox, Pacific Markets, UCash, Seso and ADCCA.

Opinion

Banks Could Be Left Behind In Momentum Towards Blockchain, Says Ex-Barclays Boss

Ryan Browne – CNBC

Antony Jenkins, who led Barclays through a tumultuous period between 2012 and 2015, told CNBC that though banks tended to be good at innovating, they were struggling to transform in the way that outsiders were.

FAO: Second time this year when Antony Jenkins sends his warning about the future of banking. First time, in June, he said banking could face its own ‘Kodak Moment’…

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News