by Florin Oprea
Ash Bennington – CoinDesk
Lily Katz – Bloomberg
Bitwise’s new HOLD 10 Private Index Fund follows a basket of the top 10 digital tokens by market value and strives to be less exclusive than some of the cryptocurrency hedge funds that have popped up in recent months. The fund, which requires a $10,000 minimum investment, is currently only available for accredited investors in the U.S., though Bitwise says it ultimately plans to offer other vehicles such as ETFs and mutual funds.
FAO: “Cryptoverse” is expanding. Want any additional proof? Good luck to the fund’s co-founders: Hunter Horsley (former Facebook & Instagram product manager) and Hong Kim (Google veteran and former Korean military software security expert).
Pete Rizzo – CoinDesk
“Toxic.” That’s how veteran lawyer Marco Santori described the first “SAFT” he saw.
Created by an unidentified token seller as a way to solicit investment, Santori – the head of Cooley LLP’s fintech practice – went on to call the document a cheap knockoff of the “Simple Agreement for Future Equity” (SAFE) framework popularized by early stage investor Y Combinator.
Mariela Naydenova – LeapRate
Dash will soon be integrated into crypto-banking platform, Wirex, allowing customers to pay with Dash online and in-store at over 40 million merchants accepting VISA worldwide.
FAO: Another checkbox ticked…The “DASH” team is quite busy.
Anna Irrera – Reuters
R3 CEV, a New York-based company that runs a consortium of banks, has released a new version of its blockchain platform that it hopes will make it easier for financial firms to use the nascent technology.
FAO: …but not as busy as R3. New Corda features were launched.
Samantha Sharf – Forbes
In 2011, Olaf Carlson-Wee had just $700 in savings. He invested nearly all of it in Bitcoin. Then he persuaded his employer to pay his $50,000 salary in the crypto-currency.
Six-years later, it is still hard to live on Bitcoin and other crypto-currency alone. But, for now at least, Carlson-Wee’s patience is paying off. In September 2016, he launched crypto-only hedge fund Polychain Capital with $4 million in funding. A year later he’s managing $250 million.
FAO: Definitely worth reading.
Stan Higgins – CoinDesk
A major agency within the US Department of the Treasury is planning to track the movement of smart phones, computers and other office assets in a new blockchain pilot project The Bureau of the Fiscal Service’s Office of Financial Innovation and Transformation said that it has hired an as-yet-unnamed contractor to build a prototype system in order to “track and manage physical assets (for example, computers, cell phones, and the like).”
Carl Freer – Singapore Business Review
Blockchain is becoming an increasingly common buzzword locally, particularly within Singapore’s Fintech industry. As Singapore banks positively support the rise of blockchain, what are the applications and will the trend last to attract more investors to our shores?
FAO: Singapore is a Team “Pro” (Asia) member, as we identified yesterday. The city-state’s ranking as a leading financial centre and fintech hub together with the current crackdown on “cryptos” in various parts of Asia will definitely contribute in making Singapore one of the most powerful “players” in the “cryptoverse”.
Stan Higgins – CoinDesk
Researchers at the European Central Bank (ECB) have published a new research report on the impact of distributed ledger technology (DLT) on the harmonization of post-trade settlement systems.
FAO: You can read ECB’s full report here.
A new report released by Broadridge Financial Solutions based on research by Greenwich Associates, examines the impact that cloud computing, artificial intelligence (AI), and distributed ledger technology will have in driving new revenue and cost savings opportunities for capital markets firms.
Jeff John Roberts – Fortune
The U.S. Justice Department has claimed the proceeds from the sale of 144,336 bitcoins, valued at just over $48 million, that it obtained after shutting down the notorious online drug market Silk Road in 2013.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News