Blockchain Daily News – Edition 55, 19.09.2017
September 19, 2017
Blockchain Daily News – Edition 57, 21.09.2017
September 21, 2017

Blockchain Daily News – Edition 56, 20.09.2017

Blockchain Daily News

by Florin Oprea

Edition 56, 20.09.2017

Deals, Investments & M&As

Luno Raises $9M To Bring Its Bitcoin Wallet, Exchange And Services To Europe

Jon Russell – TechCrunch

Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion.

FAO: Luno (formerly BitX) managed to raise a total equity funding of $13.8m in 4 rounds.

The current round was led by Balderton Capital.

Cryptocurrencies

Ethereum Will Match Visa In Scale In A ‘Couple Of Years’ Says Founder

John Biggs – TechCrunch

Ethereum’s Next Hard Fork Is Now Officially Being Tested

Rachel Rose O’Leary – CoinDesk

Byzantium, the first part of ethereum’s long-awaited Metropolis upgrade, has officially launched on testnet. The simulated hard fork was executed on Ropsten, the ethereum testing environment, and is expected to run for a few weeks of troubleshooting before the fork occurs on the main ethereum blockchain, currently the world’s second-largest by market capitalization.

FAO: Behold! A giant in the making…

Swiss Shut Down ‘Fake’ E-Coin In Latest Cryptocurrency Crackdown

Joshua Franklin – Reuters

Switzerland’s financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money.

FAO: FINMA closed the QUID PRO QUO Association. The E-coins turned out not so QUID PRO QUO…hmmm

What Is ‘Utility Settlement Coin’ Really?

Izabella Kaminska – Financial Times (subscription)

Exchanges & Trading Venues

Bitcoin Trading Platforms Rush To Contain Damage

Sarah Dai, Amanda Lee – SCMP

China’s sweeping ban on cryptocurrency trading is wreaking havoc on the country’s once thriving sector, forcing many firms into drastic strategic adjustments, if not complete overhauls.

FAO: Don’t even want to start thinking what it’s like to be in these people’s place right now…

Japan Exchange Report: Cloud Edging Out DLT for Capital Markets Needs

Nikhilesh De – CoinDesk

The Japan Exchange Group (JPX) has released a new working paper on the use of distributed ledger technology (DLT) in capital markets, one that seeks to build on its past reports and proofs-of-concept.

Vendors

Inside the Blockchain Factory: How IBM’s Distributed Ledger Work Went Global

Michael del Castillo – CoinDesk

IBM Far Outranks Microsoft As Blockchain Industry Leader, Research Says

Ryan Browne – CNBC

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study. Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.

FAO: We had an article in July where IBM Director Nitin Gaur provided a mini-roadmap to global governments that are exploring Blockchain. Question: is IBM already discussing with these governments, among other points of its own blockchain agenda?

BitPeople

Vitalik Buterin Explains Ethereum In His Own Words At Disrupt SF

Matt Burns – TechCrunch

DNT: In a talk with AngelList founder Naval Ravikant at Disrupt SF 2017, Vitalik Buterin, the creator of Ethereum said:

You basically need to have some system that keeps track of how much money you have at any given time, how much money you have the right to spend” …“You can very easily do it with centralized servers, but if you want to do it in a decentralized manner, it’s actually a very hard problem”.

You can watch the video here.

Regulation

Bitcoin ‘Double Taxation’ Relief Bill Introduced In Australia

Stan Higgins – CoinDesk

Australia’s government has introduced a bill that delivers on a long-standing promise to solve a “double taxation” problem for cryptocurrencies.

FAO: Australia is building its future leading position in the “cryptoverse”. Go Aussies! You’re doing fine!

Startups, Accelerators & Hubs

Circle Pushes OTC Crypto Trading, Launches In France And Italy And Adds Group Payments

Ian Allison – International Business Times

Circle, which uses blockchain technology to do zero-cost instant payments, is launching in France and Italy, and also announcing a group payments application. In addition, the company is pushing to the fore its over-the-counter service, Circle Trading, which up until now has been “the best kept secret” in the crypto space.

Analysis

Coinbase Vulnerability Is A Good Reminder That SMS-Based 2FA Can Wreak Havoc

Taylor Hatmaker – TechCrunch

The problem with 2FA is that often a distinction isn’t made between SMS-based 2FA, which sends a code to the user via text, and 2FA that requires a user to respond to a push verification sent to a specific physical device.

FAO: Pretty techy but worth reading…

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News