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May 26, 2017
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Blockchain Daily News – Soft launch Edition #6, 29.05.2017

Blockchain Daily News

by Florin Oprea

Edition #6, 29.05.2017

Deals, Investments & M&As

Here Comes The ICO, A Wild New Way For Cryptocurrency Start-ups To Raise Money

Ari Levy – CNBC

ICOs have raised $180 million this year, compared to $101 million in all of 2016, according to Smith + Crown.

An Aragon Competitor Platform BitCAD Raises More Than $1M During First Hour of its Crowdsale

newsBTC

A unified operating system for various business activities on blockchain is something every company would like to have. If it can be quickly deployed like conventional Software as a Service (SaaS) solutions currently available in the market, then such a solution will reduce the barrier to adoption of distributed ledger technology in organizations, both big and small. BitCAD is one such platform which is on its way to make it a reality.

FAO: Aragon, a project built on ethereum, has raised $25 million in under 15 minutes earlier this month.

Exchanges & Trading Venues

Even The World’s Largest Bitcoin Exchange Couldn’t Handle Last Week’s Cryptocurrency Boom

Jon Russell – TechCrunch

Coinbase, the world’s most funded bitcoin exchange, was dragged offline by the massive increase in interest in the space. `

Coinbase Suffers Outages Amid Bitcoin Surge

Reuters

Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw “unprecedented traffic and trading,” with the digital currency hitting record levels.

DTCC to Launch Blockchain Credit Default Swaps Reporting in Early 2018

Alex Lielacher – Distributed

The project to rebuild its existing credit derivatives clearing platform using distributed ledger technology started in January 2017 with the help of fintech startup Axoni, technology giant IBM and the R3 blockchain banking consortium.

Chinese ‘Big 3’ Bitcoin Exchange Huobi Launches Ethereum Trading

Samburaj Das – Crypto Coins News

FAO: OkCoin and BTCC are the other two major crypto exchanges in China.

Vendors

Bitlish: We Plan To Open 5,000 Bitcoin ATMs in Europe in 2017

William Suberg – The Cointelegraph

Bitcoin ATM provider Bitlish was the first to open a bonafide BTM in Russia, but it is its expansion plans that are likely to get the market talking.

Latest Developments & Agreements

Spanish Banks Form New Blockchain Consortium

Stan Higgins – CoinDesk

However, according to Spanish newspaper El Pais, the group’s membership includes Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja.

It represents the first major foray into blockchain for these companies, as other Spanish banks, including Banco Santander and BBVA, have been working with the tech for some time.

Startups, Accelerators & Hubs

SALT Enables Traditional Lending Secured by Cryptocurrency

Michael Scott – Bitcoin Magazine

Secured Automated Lending Technology (SALT)  is a membership-based financial enterprise with its eyes set on being recognized as the first lending platform to facilitate loans collateralized by bitcoin and other cryptocurrencies.

South Korea is Becoming Bitcoin and Ethereum Powerhouse

Joseph Young – The Cointelegraph

Over the past few months, South Korea’s three largest digital currency exchanges Bithumb, Korbit and Coinone have added support for Ethereum traders by integrating Ether. In a relatively short period of time, South Korea has become the largest Ethereum exchange market with a $335 mln daily trading volume and 38% market share.

Analysis

Coinbase: Bitcoin’s Spike Into The Stratosphere Is Unlikely Due To Firms Buying To Pay Cyber Ransoms

Matthew J. Belvedere – CNBC

Adam White, head of Coinbase’s digital currency exchange, dispelled the notion that bitcoin’s nearly 50% rise over the past two weeks can be traced to the global WannaCry attack. The ransomware that started crippling computers on May 12 demands bitcoin from victims.

Other news

From Bitcoin to Big Business, Blockchain Technology Goes Mainstream

Tina Trinh – Voice of America

The technology behind bitcoin and other cryptocurrencies is being looked at by more conventional companies and businesses.