Blockchain Daily News – Edition 45, 04.09.2017
September 4, 2017
Blockchain Daily News – Edition 47, 06.09.2017
September 6, 2017

Blockchain Daily News – Edition 46, 05.09.2017

Blockchain Daily News

by Florin Oprea

Edition 46, 05.09.2017

Deals, Investments & M&As

FAO: More articles bringing more details about China’s move, first reported yesterday

China Has Declared The Hottest Part Of The Cryptocurrecy Market “Illegal”

Joon Ian Wong, Zheping Huang – Quartz

The sale of cryptographic tokens, a market that has boomed this year, has been deemed an “illegal fundraising practice” by China’s central bank. In a notice, the regulator ordered all such offerings to be halted, for exchanges to stop trading in the tokens, and for funds already raised to be returned to investors.

China Bans Companies From Raising Money Through ICOs, Asks Local Regulators To Inspect 60 Major Platforms

Saheli Roy – CNBC

Regulators are about to begin scrutinizing China’s ICOs — an industry worth hundreds of millions of dollars.

Super Funds Next To Get Behind Cryptocurrencies?

Ryan Dinse – Money Morning

Rich investors are going nuts for crypto.That’s if the number of new crypto hedge funds opening up is anything to go by…There are more dedicated cryptocurrency hedge funds out there than ever before. And even more are due to start later this year.

FAO: Yip. The latest report (you can check it here) identified at least 55 crypto hedge funds. The “cryptoverse” is getting bigger by the month. Let’s see how China’s move will impact this trend…  

Sequoia, IDG to Invest In China Bitcoin Mining Giant

Lulu Yilun Chen – Bloomberg

Sequoia Capital and IDG Capital are investing in Beijing-based Bitmain Technologies Ltd., the world’s largest bitcoin mining organization, according to people familiar with the matter.

Cryptocurrencies

New Virtual Global Threat Targets Blockchain Platforms, Cryptocurrencies

Joshua Althauser – The Cointelegraph

Trickbot has been a hot topic for attacking financial sectors. It has plagued the banks around the world. According to FraudWatch, the way Trickbot penetrates the banking systems is by using a malvertising campaign.

The Trickbot Trojan hamper significantly in US, UK and Australia in a new spam campaign which is Nercus-powered by productive botnets.

Startups, Accelerators & Hubs

How Singapore Became A Hot ICO Destination

David Moskovitz  – Venture Beat

As the crypto-token market heats up, Singapore has emerged as one of a few key hubs for blockchain startups wanting to launch an initial coin offering (ICO).

FAO: In the light of current events in China I believe Singapore will grow even hotter/bigger.

Analysis

Massacre Monday: Ethereum, Bitcoin Prices Lead Market Retreat After China Bans ICOs

Josiah Wilmoth – Cryptocoins News

The cryptocurrency markets plummeted on Monday following a report that the Chinese central bank had issued a blanket ban on ICOs.

FAO: Tuesday, at the time of writing, crypto markets were going up…

Other news

Ideation To Realization: How Dutch Banks Are Harnessing Blockchain

Sanja Petkovic, Arnab Sinha – CoinDesk

Dutch organizations and banks have been at the forefront of European blockchain initiatives since 2013–14. Driven by the dire need to improve RoE, these initiatives experimented on the technology’s potential to enhance efficiency, trust, transparency, reach and innovation in the banking model.

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News