Blockchain Daily News – Edition 48, 07.09.2017
September 7, 2017
Blockchain Daily News – Edition 50, 12.09.2017
September 12, 2017

Blockchain Daily News – Edition 49, 11.09.2017

Blockchain Daily News

by Florin Oprea

Edition 49, 11.09.2017

Deals, Investments & M&As

$257 Million: Filecoin Breaks All-Time Record for ICO Funding

Stan Higgins – CoinDesk

Filecoin has officially completed its ICO, raising more than $257 million over a month of activity. Filecoin’s ICO, which began on August 10, quickly garnered millions in investment via CoinList, a joint project between Filecoin developer Protocol Labs and startup investment platform AngelList.

FAO: We have followed this ICO with great interest. The success of Filecoin was indicated by the token pre-sale figures – $52m – more here. Filecoin was the first offering on CoinList (another project worth watching).

Ethereum Startup ConsenSys Launches $50 Million Blockchain Fund

Rachel Rose O’Leary – CoinDesk

Ethereum startup and incubator ConsenSys has announced a $50 million venture fund for startups working with blockchain technology. Named ConsenSys Ventures, the new fund is being led by investment specialist Kavita Gupta.

FAO: Cool! To be added to the growing list of newly created crypto funds. The “cryptoverse” is amazing and that’s why it’s scary too, at least for some regulators….


Metropolis Ahead: Ethereum Developers Set September Date for Testnet Launch

Rachel Rose O’Leary – CoinDesk

A launch date for the ‘Byzantium’ testnet, the next critical step toward a major upgrade for ethereum, will be deployed on September 18. Byzantium is the first of two phases in the ‘Metropolis’ update, set to be followed by ‘Constantinople’ at a later time.

Metropolis Today: The Shifting Plans for Ethereum’s Next Big Upgrade

Rachel Rose O’Leary – CoinDesk

Faster, lighter, more secure.These are just some of the benefits Metropolis, the next upgrade to the ethereum blockchain, promises to introduce when it’s finally unveiled. Long the subject of curiosity and debate, the third phase in a four-step roadmap first unveiled in 2015 stands to enact perhaps the platform’s most substantial changes.

Mario Draghi Has Dashed Estonia’s Dream For A State-Issued Cryptocurrency

John Detrixhe – Quartz

The president of the European Central Bank rejected the idea that Estonia, which is part of the euro zone, could issue and manage its own state-backed cryptocurrency. The idea is still theoretical, but ECB president Mario Draghi shot it down.

FAO: Makes reference to Estonia’s plans of raising money by issuing a token called “estcoins“, it was subject of a OMGSection last month. So, Super Mario said in a press conference: “No member state can introduce its own currency;” Oh, well…

Increased Hashrate Forces Premature Monero Hard Fork

Rachel Rose O’Leary – CoinDesk

A planned hard fork of the privacy-focused cryptocurrency monero is to occur sooner than expected due an increase in its hashrate. Originally planned for September 21, the fork – intended to bring enhanced privacy features to all users – is now likely to occur on September 16, as revealed at a developer meeting last week.

Stellar Announces Partnership Grant Program For Blockchain Development

Brandon Green – Bitcoin Magazine

Stellar has announced a new initiative called the Stellar Partnership Grant Program. The program aims to “promote the development of high-impact projects in the Stellar ecosystem,” Stellar explained in a statement.

Exchanges & Trading Venues

China Bitcoin Exchanges Awaiting Clarification On Closure Report


China’s Bitcoin exchanges said on Saturday they are still awaiting clarification from the authorities on a media report that they will be shut down. Bitcoin fell sharply on Friday after Chinese financial publication Caixin reported that China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback.

FAO: Uncertainty is currenlty affecting the crypto markets. The latest rumours emerging Friday from China have caused some more aggressive price movements all weekend weekend…

China Is Said To Ban Bitcoin Exchanges While Allowing OTC Trades

Bloomberg News

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week.


Blockchain Developers Face Off Over $1 Billion In Digital Cash

Jef Feeley, Olga Kharif & Matthew Leising – Bloomberg

R3, a blockchain startup that leads a group of more than 100 firms, sued rival Ripple Labs Inc. in state court in Delaware Friday, accusing it of reneging on an options agreement for Ripple’s XRP digital currency that is now worth more than $1 billion. Ripple filed its own suit in California accusing R3 officials of duping them on other agreements.

FAO: Now that’s an interesting fight to watch…

Latest Developments & Agreements

Microsoft’s Blockchain Experiments Expand To Digital Bank Guarantees

David Meyer – Fortune

Microsoft is working with Israel’s Bank Hapoalim on a system that uses blockchain technology to manage digital bank guarantees.


Russia May Become World Leader In Blockchain Technology Adoption In 2018

Sputnik News

Russia could become a world leader in the adoption of the blockchain technology next year, Chairman of Russia’s Vnesheconombank (VEB) Sergey Gorkov told Sputnik on Saturday, stressing that the mass use of the technology will take place in 2019-2020.

FAO: Really? What about Russia’s central bankers? What do they think about it? Check last week’s statements here.

‘They’re Real’: Russia Eyes Regulating Bitcoin & Other Cryptocurrencies

Russia Today

Russia is developing a legal framework that would regulate the purchase of cryptocurrencies, Russia’s finance minister says, adding that the government wants to legitimize cryptocurrencies and wind down the black market.

FAO: OMG this is awkward…check the next articles; Russian newspapers say they would “go with it” under certain rules and regulation while the Western media pinpoints the latest contradictory statements coming from various Russian officials.

Russia Makes U-Turn On Cryptocurrencies After Backing From Putin

Jake Rudnitsky,Anna Andrianova & Andrey Biryukov – Bloomberg

Russia Faces Internal Battle Over Bitcoin

Kenneth Rapoza – Forbes

A lot can happen in month. Russian institutions went from preparing the Moscow Stock Exchange for the legal trading in crypto-currencies like bitcoin and ether, the two most popular ones used in Russia, to coming a hair away from following in China’s footsteps and banning ICO.

Bitcoin, Virtual Currency Deals Under $600 Could Become Tax Exempt

Robert W. Wood  – Forbes

The IRS is hunting digital currency users, since very few people seem to be reporting their transactions. The IRS is using John Doe summonses to obtain data on bitcoin and other digital currency users. The IRS is even hunting bitcoin user identities with software.

Swiss Canton Of Chiasso Will Accept Bitcoin For Tax Payments

JP Buntinx – Bitcoin News

Switzerland is quickly becoming a prominent nation in the world of Bitcoin. After Zug announced their Bitcoin acceptance, people have been waiting for the next incentive. It appears the Swiss municipality of Chiasso will accept tax payments in BTC come January. It is evident cryptocurrencies continue to gain momentum in this European country.

Other news

Japan’s Set To Launch Virtual Currency Mining Business

Maria Nikolova – Financefeeds

Virtual currency operations continue to lure more Japanese companies, with Inc – an online services provider and owner of retail Forex broker DMM FX, being the latest to join this accelerating trend.

Russian Hackers Used 9000 Computers To Mine Monero, Zcash, Other Cryptocurrencies

William Suberg – The Cointelegraph

A group of hackers installed cryptocurrency mining malware on 9000 computers over two years, antivirus company Kaspersky Lab claims. The provider said it had unearthed two Russian hacker groups which were hijacking machines to mine Monero and Zcash, among other cryptocurrencies.



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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News