Blockchain Daily News – Edition 47, 06.09.2017
September 6, 2017
Blockchain Daily News – Edition 49, 11.09.2017
September 11, 2017

Blockchain Daily News – Edition 48, 07.09.2017

Blockchain Daily News

by Florin Oprea

Edition 48, 07.09.2017

Deals, Investments & M&As

Cryptocurrency Payments Platform UTRUST Sells Out Its ICO In 90 minutes


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?

Successful EU Payment Institution Worldcore Launches ICO On October 14

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.

China Sets Limits On Fintech Disruption

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…

‘Roaches’: SEC Chief Speaks Out Against Malicious ICOs

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.

SEC Chief Says Cyber Crime Risks Are Substantial, Systemic

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…

Cyber Criminals Have Stolen $225 Mln Worth Of Ethereum Through Phishing This Year

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.


Russian Central Bank Puts Its Foot Down On Crypto-Currency

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…

Ripple Expands Global Footprint with New Office In Mumbai, India

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.

Exchanges & Trading Venues

BTC-e Is Back Online, But Refund Efforts Are Anything But Smooth

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…


Baroness Bitcoin Of Arabia: Michelle Mone And Douglas Barrowman On Their Delve Into The World Of Cryptocurrency

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..? 🙂


Blockchain Immature For Big Central Banks, ECB And BOJ Say


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


Bitcoin Comes Clawing Back After Selloff On China Ruling: Chart

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.

Historic Quarter: CoinDesk Launches Q2 State Of Blockchain Report

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.

Bitcoin’s Golden Future

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


Blockchain Will Turn The Internet Into The World’s Largest ‘Stock’ Market, Says Investor

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