Blockchain Daily News – Edition 59, 25.09.2017
September 25, 2017
Blockchain Daily News – Edition 61, 27.09.2017
September 27, 2017

Blockchain Daily News – Edition 60, 26.09.2017

Blockchain Daily News

by Florin Oprea

Edition 60, 26.09.2017

Deals, Investments & M&As

China Banned New Cryptocurrency Sales, But A Macau Company Still Aims To Raise $500 Million In An ICO

Akiko Fujita – CNBC

Macau gaming company Dragon Corp. is looking to raise half a billion dollars through an ICO, in an effort to integrate blockchain technology into the world’s largest gambling market.

FAO: Looks like Dragon’s ICO won’t be affected by China’s latest crackdown, because the tokens will be issued in Hong Kong. Digital tokens issued in ICOs are seen as “ virtual commodities” under Hong Kong’s SFC and aren’t subject to regulation.

How Blockchain And ICOs Are Changing The Funding Game For Startups

Tomio Geron – The Wall Street Journal (subscription)

Entrepreneurs seeking capital to build tech startups have long sought out elite venture capitalists on the famed Sand Hill Road in Silicon Valley. Now the many startups developing applications for blockchain technology have another option: ICOs.

FAO: Speaking about ICOs, here’s a good article discussing the phenomenon and how it has already impacted VC funding.

Vendors

Commerzbank Completes Money Market Transaction Over R3 Corda

Finextra

Germany’s Commerzbank has hailed the potential of blockchain technology for money market trades, having successfully replicated a EUR100,000 Euro Commercial Paper transaction with a limited number of trading partners.

Barclays Joins CLS Blockchain Consortium In Search Of Swift Alternative

Michael del Castillo – CoinDesk

Barclays has become the latest major financial institution to join the foreign exchange-focused blockchain consortium founded by cash settlement system provider CLS Group.

DNT: Barclays will work with other group members like JPMorgan, Goldman Sachs and Bank of China, in the effort to secure the forex industry.

BitPeople

Cryptocurrency Job Openings Double In Last 6 Months

Jon Buck – The Cointelegraph

A recent report from AngelList, the online job postings in cryptocurrency related fields have increased exponentially as companies seek new talents to help fill needs of the growing marketplace.

DNT: The money invested in the cryptocurrency industry in the first half of this year already exceeded the total amount invested in 2017.

Latest Developments & Agreements

3 Companies That Are Shaking Up Traditional Markets Thanks To Blockchain

Josiah Motley – The Next Web

The best way to understand something, is to look at some real world examples of what these things are doing for people and businesses all over the world.

FAO: Profiles of  Wish Finance, BitClave, and Ripio Credit Network.

Regulation

Russia To End Cryptocurrency Limbo By Proposing Regulation

Russia Today

Russia’s lower house of the Federal Assembly, the State Duma, is expected to put forward a bill in October regulating the trade of cryptocurrencies. At the moment, bitcoin and other digital money are neither permitted nor prohibited.

FAO: Russian officials have issued all kinds of statements lately. What does Russia want? Maybe the expected regulation will help us understand.  

Startups, Accelerators & Hubs

Crypto-Mania Grips Hong Kong As City Looks Beyond Banking

Justina Lee – Bloomberg

A growing number of Hong Kong entrepreneurs and policy makers are convinced the online ledger system that underlies cryptocurrencies like bitcoin will eventually reshape everything from financial services to supply chains.

FAO: HK has found a good ground for development. Could China’s clampdown on “cryptos” be useful for the former British colony? Should we, in fact, expect the opposite?

Blockchain Adoption Poised To Go Mainstream, Say Founders Of HK Start-Up PassKit

Bien Perez – SCMP

Consumers may soon find that earning points to qualify for free cups of coffee or claim airline tickets will be powered by the same technology behind bitcoin and other virtual currencies – blockchain.

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News