by Florin Oprea
Yuji Nakamura, Sam Kim – Bloomberg
North Korea appears to be stepping up efforts to secure bitcoin and other cryptocurrencies, which could be used to avoid trade restrictions including new sanctions approved by the United Nations Security Council.
DNT: ..OMG..There are hackers in North Korea???…Just kidding. It appears that this move comes after increasing attacks on cryptocurrency exchanges in South Korea…It is striking, though, the interest of Kim Jong Un in cryptocurrencies. What do you think about it? Send us your thoughts.
TNG has raised US$115 million in Series A round led by New Margin Capital, a major Chinese private equity fund which has invested over US$1.7 billion in more than 160 companies, with 40 IPO exits.
FAO: Hong Kong fintech startup TNG is an electronic wallet with e-payments and top-up functionalities.
Avi Mizrahi – Finance Magnates
Vitalik Buterin, the founder of Ethereum, has made some very interesting remarks regarding the current ICO market. In essence, he believes that the current trend of massive token sales is unsustainable.
FAO: Everybody says/sees that. No surprise for me to read such a statement. There was no big market move after this statement either…
Joon Ian Wong, Zheping Huang – Quartz
FAO: Of course…
Nikkei Asia Review
SBI Ripple Asia looks to begin testing a funds-transfer system using blockchain technology between Japanese and South Korean banks by the end of fiscal 2017, applying experience gained from experiments in Japan.
Terry Gangcuangco – Insurance Business America
It’s finally here – an integrated blockchain solution for the reinsurance industry has been unveiled, with the launch of a working beta-version at the 61st Monte Carlo RVS (Rendez-Vous de Septembre) conference.
FAO: Now that’s a story worth reporting/sharing…
Jeremy Epstein – Venture Beat
The proliferation of blockchain startups and their mammoth ICOs show there’s a lot of interest in decentralizing applications and services. And though it’s an oxymoron, we’re now seeing a few “centers” of “decentralization” emerging — a handful of cities engaged in serious jurisdictional competition to become the prime innovation hub for blockchain-based technologies.
FAO: Switzerland: the land of chocolate, clocks and blockchain?
Michael del Castillo – CoinDesk
Microsoft is stepping into a new role as matchmaker in its creation of the Microsoft Azure Blockchain Council. The council has been established to better connect those looking for distributed ledger tools with the kinds of companies that can build those tools.
Sujeet Indap – Financial Times (subscription)
Technology would eliminate middlemen and ownership confusion.
Writing in a report for the World Federation of Exchanges, Deutsche Börse’s Stefan Teis, SVP, business & product development says real-life applications of DLT in the financial sector will not become more widespread until regulators are convinced that the technology can be made compliant with the existing regulatory framework.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News