by Florin Oprea
UTRUST, the world’s first cryptocurrency payments platform to implement consumer protections on a mass scale, announced its pre-ICO sold out in 90 minutes raising over $1.5m.
FAO: We’ve done the math for you; it’s $16 666/minute. Say whaaaat?
Eugenia Kovaliova – Coinspeaker
EU financial enterprise Worldcore, previously known as non-blockchain, is about to start its own ICO on October 14, 2017 aiming to raise up to $100 million for the development and promotion of the digital bank’s blockchain platform.
Christopher Beddor – Breaking Views
China has its limits when it comes to reinventing finance. The central bank and other regulators this week banned a popular new method of fundraising through token-based digital currencies known as ICOs. It follows a similar crackdown in the United States, but Beijing may have a different reason for policing cryptocurrencies.
FAO: …State losing control of the financial sector…
Rachel Rose O’Leary – CoinDesk
SEC co-director Steven Peikin claimed that such sales could pose a threat to retail investors, a problem which the SEC is now trying to address.
John McCrank – Reuters
Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cybercrime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said.
FAO: We have highlighted these problems many times since our launch. We have added every article we have found reporting these crimes and we are aware that issuing regulation for the “crytpoverse” could at least add a measure of protection, which is highly desirable. Just look at how much money was stolen this year alone…
Joshua Althauser – The Cointelegraph
Cyber criminals have reportedly stolen $225 million worth of digital currencies through phishing scams in 2017. In these scams, would-be investors were tricked into sending money to Internet addresses claiming to be funding sites for virtual token offerings on Ethereum’s blockchain.
Kenneth Rapoza – Forbes
Although the National Settlement Depository (NSD) of the Moscow Stock Exchange is working on building the infrastructure to allow for bitcoin and other digital currency trading on the exchange someday, Russia’s central bankers still think it’s a bad idea.The Bank of Russia said Monday that crypto-currencies and its derivatives (think options contracts for bitcoin) should not be admitted for trading in Russia anytime soon.
DNT: Hmmm….The big problem invoked by the bankers is the security issues and the illegal activities that might appear. That’s why more regulation is needed. Not only in Russia. Though, I think that the attitude of Russian central bankers is a bit too rough. Maybe this new phenomenon is not entirely understood yet…and misunderstanding creates fear.
FAO: When states are reacting like this (consider the SEC’s warning, China’s crackdown and statements of Russia’s officials) it makes you think that the “cryptoverse” is close to reaching its maturity. It’s getting big enough to compete with regular centralized markets…Interesting times…
Avi Mizrahi – Finance Magnates
Ripple has expanded its global footprint with a new office in Mumbai, India. Navin Gupta has been appointed Country Manager for Ripple India, based on two decades of experience at HSBC and Citibank across the US, Hong Kong, Japan, Taiwan and India.
Stan Higgins – CoinDesk
BTC-e announced late last week that it would begin allowing cryptocurrency withdrawals – though it’s not clear at this time how many users have gotten their money out since the weekend.
FAO: BTC-e back in action? Not yet it seems…
Elliott Haworth – City A.M.
Baroness Michelle Mone, and her billionaire property mogul partner Douglas Barrowman, open the sale of two 40-storey residential towers spanning 2.4m square feet in Dubai
DNT: …somebody interested around here..? 🙂
Distributed ledger technology like blockchain is not mature enough to power the world’s biggest payment systems, though it has the potential to improve system resilience, the European Central Bank and the Bank of Japan said. The conclusions drawn are similar to those of the U.S. Federal Reserve and the Bank of Canada in earlier assessments.
FAO: Not mature enough or is it something else ? I choose “something else” after latest the actions/crackdowns/warnings/statements…
This September, TechHub Bucharest will host Fintech Month, a program dedicated to Romanian Fintech startups – more details HERE
BLOCKCHAIN & ICO FEST ’17 – October 26-27, 2017, Istanbul – more details HERE
Eric Lam – Bloomberg
Bitcoin traders seem to be taking Monday’s 11 percent slump — triggered by China ruling initial coin offerings illegal — as a buying opportunity.
Nolan Bauerle – CoinDesk
CoinDesk’s Q2 2017 State of Blockchain report summarizes key trends, data and events in the public and enterprise blockchain sectors in the second quarter of 2017.
David Fickling – Bloomberg
Could bitcoin be the next gold?
The idea has become particularly popular as the value invested in bitcoin and other cryptocurrencies has marched upward over the past year
Eric Jackson – CNBC
DNT: An interesting interview with Balaji Srinivasan, an early crypto investor.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News