by Florin Oprea
Jon Russell – Tech Crunch
Naspers is making a push into bitcoin and financial services after it backed Philippines-based startup Coins.ph to the tune of $5 million.
Coins is focused on offering financial services for the unbanked in the Philippines and Thailand. It uses the blockchain as its underlying technology to facilitate transfers and remittances. It announced the new funding — which comes via the Naspers Ventures division — as an extension to the $5 million Series A round that it closed last October.
Simone Foxman – Bloomberg Quint
The hedge fund manager has invested in CargoMetrics Technologies, an investment firm that uses tools such as satellite signals and shipping data to trade commodities, currencies and equity futures. He’s also backed Numerai, a San Francisco-based hedge fund that makes wagers using anonymously submitted models.
FAO: Numerai transforms and regularizes financial data into machine learning problems for global network of data scientists.
Laura Shin – Forbes
The bitcoin civil war may have gotten a forceful push toward a solution today as Barry Silbert, head of Digital Currency Group (DCG) and one of the most influential venture capitalists in the space, announced an agreement for resolving the two-and-a-half-year-long impasse.
Aside from the bad press, the two-and-a-half-year-long gridlock has resulted in high fees on the network, a larger-than-usual backlog of transactions and long delays in confirmation times.
Aaron van Wirdum – Bitcoin Magazine
Spearheaded by Barry Silbert’s Digital Currency Group (DCG), over 50 companies signed and published on Medium a ” Bitcoin Scaling Agreement ” this week.
The DCG agreement is based on the ” SegWit2MB ” proposal, originally floated by RSK Founder and Chief Scientist Sergio Demian Lerner. This proposal couples activation of Segregated Witness (SegWit), the centrepiece of Bitcoin Core’s scaling roadmap, with an added block-size-increase hard fork down the road. While SegWit itself offers an increase to two to four megabytes, the added hard fork should double this to a maximum of eight megabytes.
James Eyers – AFR
The distributed ledger being built by Digital Asset Holdings (DAH) for the Australian Securities Exchange (ASX) is being designed to accommodate competition in the market for clearing and settlement, and will allow new innovations such as automated corporate actions to be built on top of it should the ASX so desire.
Blythe Masters, CEO of DAH, also told the stockbrokers conference it is on track to deliver a “foundational product” by the end of this calendar year, when the ASX (which owns 8.5% of DAH’s equity) plans to decide whether to pursue blockchain as the technology to replace CHESS.
FAO: For those who didn’t hear about Blythe Masters (ex-JP Morgan) – she is credited as the creator of the credit default swap (CDS) as a financial instrument.
Masters joined Digital Asset Holdings in March 2015,, as CEO.
Yuvraj Malik – Livemint
Ripple Labs has partnered with cryptocurrency exchange BTCXIndia to start a buying and selling facility for XRP (ripple), the crypto-token used by Ripple.
Pete Rizzo – CoinDesk
You have to give credit where it’s due – and looking at the increasingly strange and diversifying blockchain industry, it’s not hard to view Coinbase as some sort of bastion of sanity.
Gertrude Chavez-Dreyfuss – Reuters
Companies creating and issuing tokens to raise capital for their projects have a responsibility to protect their investors, said a U.S. SEC official this week.
Laura Chin – Forbes
FAO: Good stats – payments to and from China comprise 13.9% of all B2B payments in the US. The second-largest group of such transactions in the U.S. totals $59 billion in 2014. It is growing at a compound annual rate of 10%.
Jonathan Garber – Business Insider
Wednesday’s gain comes after China was downgraded at Moody’s and a bitcoin scaling agreement was reached by the Digital Currency Group, representing 56 companies in 21 countries, at the Consensus 2017 conference in New York.
Joseph Young – The Cointelegraph
Ripple’s impressive rally didn’t last long and its market cap quickly fell from around $16 bln to $13 bln in less than a week.
Arjun Kharpal – CNBC
The price of bitcoin has more than doubled in 2017. But rival cryptocurrency ether, which runs on the ethereum blockchain, is up over 2,300% this year.
Matthew Lynn – Marketwatch
$1,000 $2,000 or $3,000. Heck, it could be up to $10,000 by the end of the month, and carry on climbing from there. While most markets around the world are mildly positive for this year, the cryptocurrency bitcoin has gone through the roof. At $2,400 it has more than doubled in value this year alone, and it is hitting fresh highs almost every day.