by Florin Oprea
Anna Irrera – Reuters
The Hyperledger Project, a group led by the Linux Foundation, has released its first blockchain code.
FAO: Historic day! The Linux Foundation, founded 17 years ago, currently counting 185 Corporate Members, has released Hyperledger Fabric 1.0, “strong and secure enough” to be used by corporations to create blockchain-based business applications.
Eric Jackson – CNBC
Social messaging company Kik has bigger plans for its upcoming ICO. In a recent talk given by Kik founder and CEO Ted Livingston, he explained that Kik saw its ICO of a currency called Kin as a potential alternative exit for them.
FAO: Sounds like a plan! Kik will use the ICO to bring in more money, in addition to the $120m raised from VC in the last 7 years (latest lead investor was Tencent with $50m). Kik is selling 10% of its Kin currency to institutional and retail investors. 30 % will be kept by Kik while 60% will be overseen by Kin Foundation, a nonprofit organization.
Wolfie Zhao – CoinDesk
UK blockchain startup Provenance has raised $800,000 in new seed funding.
FAO: Investors John Taysom, Angel Academe, Plug and Play Tech Center, Merian Ventures, Omidyar Group, Digital Currency Group, Alexsis de Raadt-St. James, Humanity United. Funds will be used to fuel the product launch timeline.
Lulu Yilun Chen, Yuji Nakamura – Bloomberg
The notoriously volatile cryptocurrency, whose 150% surge this year has captivated everyone from Wall Street bankers to Chinese grandmothers, could be headed for one of its most turbulent stretches yet.
Alyssa Hertig – CoinDesk
Controversial bitcoin scaling proposal Segwit2x’s testnet forked yesterday, creating two different and incompatible testnets.
FAO: Turbulence ahead!? Of course! 2 more article discussing SegWit2x, a much debated topic. We already covered this topic in our previous editions. Try our Archive!
BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale with the support of Paris EUROPLACE announce the creation of the European fintech venture LiquidShare.
FAO: Post-trading blockchain infrastructure for the SME market.
Thomas Wilson – Reuters
The 32-year-old CEO of defunct Mt. Gox pleaded not guilty to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange.
FAO: Saga continues. Mark Karpeles is facing trial in Japan.
Saheli Roy Choudhury – CNBC
Cryptocurrencies need to be regulated or they risk going out of control as more people invest in these digital assets, the head of a major Chinese bitcoin exchange platform warned on Tuesday.
Jeff John Roberts – Fortune
The Internal Revenue Service is significantly scaling back an investigation into customers who bought and sold bitcoins on the popular digital currency exchange Coinbase.
FAO: The IRS probe was previously discussed here.
Michael del Castillo – CoinDesk
Until today, all that was publicly known about Nivaura was its presence in some rather elite blockchain incubators – ranging from JP Morgan’s in-residence program to two terms in the UK Financial Conduct Authority’s regulatory sandbox.
Prinesha Naidoo – Moneyweb
The South African Financial Blockchain Consortium (SAFBC) – comprising 22 industry heavyweights, the South African Reserve Bank and the Financial Services Board as observers – is currently exploring the technology powering the $41 billion bitcoin market.
FAO: Is there any continent or even region in this world not exploring/studying blockchain these days?
Lily Katz – Bloomberg
The cryptocurrency Cassandras are starting to look right.
The sector has lost about a third of its market value since peaking in early June, pushing it into what traditional equity market analysts label as a bear market.
FAO: At the time of writing the top 5 cryptocurrencies by market cap were slowly recovering.
Allan D. Grody – American Banker
The real transformative vision, replacing the financial system’s infrastructure of multiple ledgers with a single distributed ledger, needs a continuous regulatory rethink and additional technology upgrades. Most importantly, it needs to unlock the control over infrastructure by powerful centralists in favor of transaction flows amongst financial institutions themselves.
Shawn Langlois – Market Watch
Charles Schwab global strategist Jeff Kleintop says there are plenty of red-hot investments out there that might look like bubbles, but, in reality, they just don’t fit the classic profile.
Roman Luzgin – Seeking Alpha
IBM was one of the first companies to start developing blockchain solutions in the market in early 2014, when the corporation began to review existing possibilities.
FAO: Don’t forget that IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank (reported here). The platform’s scope is to simplify trade finance transactions for SME companies.
Joon Ian Wong – Quartz
During a presentation at a conference last week, British cybersecurity experts had some tales to tell of surreptitious and sometimes illegal bitcoin mining in the time before huge computing power was required to turn a profit at the activity.
James Dunn – North Bay Business Journal
Alexander Tverdokhlebov, 29, was sentenced Monday to more than nine years in prison on wire fraud charges.
FAO: Looks like this guy hacked nearly half a million computers. He pleaded guilty.
Financial Times (subscription)
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News