by Florin Oprea
Brady Dale – Observer
It’s been almost three years since Zack Brown raised $55,000 on Kickstarter for a potato salad. His goal was $10.
ICO’s have gotten their own answer to the potato salad campaign. It’s called the Useless Ethereum Token (UET), and its creator will absolutely sell you cryptocurrency good for absolutely nothing.
FAO: I am absolutely astonished by this campaign and by the fact that, so far, UET has acquired 52 ETH, worth an equivalent of nearly $14,000….Hope the initiator (a John Doe…) of this ICO is just trying to trigger the alarm on how easy huge amounts are raised for various campaigns, bringing, in some cases, relative value for their buyers.
Michael del Castillo – CoinDesk
The newly formed Crypto Assets Fund (CAF), co-founded by former senior manager at Bain, Roberto Ponce Romay, is helping to raise $50m with the purpose of buying cryptocurrencies for family offices in Latin America. CAF will invest directly in bitcoin, ether, zcash, ripple, litecoin and dash.
FAO: Next step – ICOs, as the article stipulates…
Shivdeep Dhaliwal – Cointelegraph
Cryptocurrencies have come into their own. For the longest time, the question that everyone would ask was whether their favorite cryptocurrency (usually Bitcoin) would survive in the future?
Stan Higgins – CoinDesk
A class-action lawsuit has been filed against cryptocurrency exchange startup Kraken over issues stemming from its management of a May flash crash.
FAO: NB Coinbase already started reimbursing losses caused by the Ethereum flash crash.
Jeff John Roberts – Fortune
The Internal Revenue Service suggested it will scale back a sweeping probe of more than a million customer accounts at the popular digital currency exchange Coinbase, saying it will no longer seek password and security settings for the accounts.
Finbarr Bermingham – Global Trade Review
The project is designed to determine if blockchain technology can help banks reconcile their international nostro accounts in real time and is part of Swift’s global payments innovation (gpi).
Stan Higgins – CoinDesk
UK police have brought fraud and money laundering charges against Ryan Kennedy, the founder the now-defunct dogecoin exchange service Moolah.
Investors have completed the first live share purchases over a blockchain-powered fund distribution platform.
FAO: The transactions were executed for Natixis Asset Management using a platform co-developed by Fundsquare, InTech and KPMG.
Diana Ngo – Coin Journal
South Korean lawmakers are preparing a set of bills to give cryptocurrencies such as Bitcoin and Ethereum, legal grounds in the country, a move aimed at protecting locals from potential risks in transactions.
FAO: The alarm was triggered by yesterday’s attack. The PC of an Bithumb employee was hacked. Bithumb is South Korea’s biggest cryptocurrency exchange.
Joseph Young – The Merkle
Ethereum is likely to be regulated by many governments in the upcoming months. Some countries including South Korea, China, and the US are already preparing to regulate Ethereum and its ICO market. This is because of the rising popularity of ICOs and large amounts of capital being invested in them.
Wolfie Zhao – CoinDesk
China’s first online-only insurer ZhongAn filed for an IPO on June 30, revealing new details about its blockchain development in the process.
FAO: ZhongAn filed for an IPO in Hong Kong worth up to $1.5 billion – reported here in our sister publication FinTech Daily News.
Avi Mizrahi – Finance Magnates
Gavin Smith is the CEO of First Global Credit, a London-based cryptocurrency capital markets company, who is behind an upcoming ICO for AICoin. He sat down to talk with Finance Magnates about the idea behind the offering, the value it will deliver to investors, algo trading and how blockchain technology allows for new forms of cooperative organization.
Joseph Young – Cointelegraph
Lantmäteriet, the land registry of Sweden, officially started to utilize Blockchain technology to register land and properties.
Sean Williams – The Motley Fool
There’s a really good chance you’re a customer of at least one of these companies.
FAO: Overstock.com, DISH Network, Microsoft (have you heard of that?), Intuit, PayPal (another newcomer)…
Mark Melin – ValueWalk
Despite recent electoral attempts to slow down globalization, in reality that trend has a powerful force behind it that is not slowing down. In part, Blockchain, or distributed ledger technology as certain developers refer to it, is illustrative of the force of globalism.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News