by Florin Oprea
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.
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.
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”.
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.
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…
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).
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.
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.
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:
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.
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