Blockchain Daily News – Edition 64, 03.10.2017
October 3, 2017
Blockchain Daily News – Edition 66, 05.10.2017
October 5, 2017

Blockchain Daily News – Edition 65, 04.10.2017

Blockchain Daily News

by Florin Oprea

Edition 65, 04.10.2017

Deals, Investments & M&As

AngelList Creator Naval Ravikant Backs S&P-Style Cryptocurrency Fund

Ash Bennington – CoinDesk

This Startup Wants to Be Vanguard for Cryptocurrencies

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).

SAFT Arrives: ‘Simple’ Investor Agreement Aims To Remove ICO Complexities

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.

Cryptocurrencies

Dash Integrates With Crypto Banking Platform Wirex Enabling Visa Transactions

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.

Vendors

Bank-Backed R3 Launches New Version Of Its Blockchain

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.

BitPeople

The New Internet Bubble: Meet The Young Entrepreneurs Riding Out The Crypto-Craziness

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.

Latest Developments & Agreements

The US Treasury Is Testing Distributed Ledger Asset Tracking

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).”

Startups, Accelerators & Hubs

Blockchain: The buzzword In Singapore Fintech

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”.

Other news

European Central Bank Calls For DLT Post-Trade Interoperability

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.

Capital Markets Firms Daunted By Resource Requirements For Cloud, AI And DLT

Finextra

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.

The Feds Just Collected $48 Million From Seized Bitcoins

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