Blockchain Daily News – Edition 76, 19.10.2017
October 19, 2017
Blockchain Daily News – Edition 78, 23.10.2017
October 23, 2017

Blockchain Daily News – Edition 77, 20.10.2017

Blockchain Daily News

by Florin Oprea

Edition 77, 20.10.2017

Fans’ Section

Josh Brown Goes Down The Bitcoin Rabbit Hole. Here’s His Early Take

Josh Brown – CNBC

Brown: “For a couple of hours I had stepped into Wonderland, the moveable center of the crypto currency universe.”

FAO: Today’s must-read. Especially by Jamie. So maybe somebody can share it with him. Maybe his daughter…

Wall Street Veterans Are Trickling Into Digital Asset Management

Evelyn Cheng – CNBC

Paul Brodsky, author of the Macro Allocation newsletter, says Wednesday he is joining Pantera Capital as a partner and will help open its New York office at the beginning of November.

Cryptocurrency Hedge Funds Top 100 For FIrst Time

Maiya Keidan – Reuters

Hedge funds that trade cryptocurrencies reached over 100 for the first time, according to new data from fintech research house Autonomous NEXT, of which more than three-quarters launched in 2017.

FAO: The cryptoverse gets bigger and “smarter” by the day. More and more important figures are joining crypto players and the number of crypto funds grows at warp speed. Earlier this year fintech analytics firm Autonomous NEXT released a list (HERE) of 55 cryptocurrency hedge funds, and the list grew at 75 in September (HERE). There are 100 funds now…

Deals, Investments & M&As

Special Report: Backroom Battle Imperils $230 Million Cryptocurrency Venture

Anna Irrera, Steve Stecklow, Brenna Hughes Neghaiwi – Reuters

Just three months ago Tezos raised $232 million online in a wildly successful ICO. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector. But the venture is now in danger of falling apart because of a battle for control playing out behind the scenes.

DNT: At the time, we reported Tezos’ record. Now, it looks like the old aphorism “money can’t buy happiness” is true…We have a war for control between Tezos founders and the Swiss foundation who handled the coin offering.

FAO: #ohboy…

Led by Stellar Cofounder Joyce Kim, SparkChain Capital Is A New $100M Fund For Blockchain And Cryptocurrency Startups

Catherine Shu – TechCrunch

SparkChain Capital  will back companies developing products and services related to blockchain and cryptocurrency instead of trading actual cryptocurrencies.

DNT: A “stellar sparkling” on the sky of Blockchain, if I’am allowed to use a wordplay…

Identitii Plans Securities Blockchain Pilot, Series A Fundraise For 2018

James Rundle – Waters Technology (subscription)

Although currently focused on financial crime and payments, Sydney-headquartered Identitii has been looking at securities for quite a while, co-founder Nick Armstrong tells WatersTechnology.

Blockchain Startup Sun Exchange Raises $1.6 Million In New Seed Funding

Nikhilesh De – CoinDesk

Blockchain startup Sun Exchange has raised $1.6 million in new seed funding.The company drew support from a number investors, including Network Society Ventures, Kalon Venture Partners, and startup accelerators BoostVC, Techstars and Powerhouse.

Vendors

Baidu Joins Global Group To Advance Blockchain Technologies

Song Jingli – Chinadaily

Chinese tech company Baidu has become a member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies.

FAO: Important move in the Hyperledger. Important to watch this closely, considering China’s latest actions against “crypto” freedom.

Swift Finds Blockchain “Has Potential” But Will Not Commit Yet

Global Trade Review

After months of testing, Swift has published its first conclusions on its blockchain proof of concept and presented a live demo of the technology to Sibos delegates.

FAO: No need for blockchain for now, they say it won’t make them move any “swifter” for now…

Latest Developments & Agreements

Bank Of America Seeks Patent For Blockchain Processing System

Nikhilesh De – CoinDesk

Bank of America is exploring how it might use a blockchain to better track the processing of file transfers in real time.

Regulation

Russian Regulators Consider Establishing a ‘Crypto-Detective Agency’

Kevin Helms – Bitcoin.com

This specialized agency will primarily collect all information on Russian companies planning to launch an ICO as well as create a registry of them.

DNT: Money control, control and again control…

FAO: Yip, nothing surprising, considering the country’s legacy, if you know what I mean. More surprising is the fact that they decided to make this public …

China’s ‘Bitcoin Ban’ No Match For Stateless Cryptocurrency Market

Kenneth Rapoza – Forbes

It’s official, blockchain technology has beat one of the biggest authorities on earth. The decentralized nature of what has become the backbone of the cryptocurrency craze has proven its mettle. Bitcoin, and a host of other highly speculative digital currencies live another day.

DNT: After China banned the trading of crypto’s (reported last month here), the cryptoverse was, more or less, in shock. But that did not last much. Because this new world is borderless. There is a latin proverb that says: “Ubi bene, ibi patria”. No translation needed.  It suits perfectly for cryptocurrency market. For that, a sincere: hip-hip, hooray!

 

 

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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News