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Blockchain Daily News – Soft launch Edition #8, 31.05.2017

Blockchain Daily News

by Florin Oprea

Edition #8, 31.05.2017

Deals, Investments & M&As

Bitcoin Fans Say Cryptocurrency Tokens Are the Future of Tech Funding

Mathew Ingram – Fortune

Ever since Bitcoin first appeared on the scene several years ago, fans of the cryptocurrency have been searching for a way to apply the idea that might capture the public imagination and broaden the use of the technology beyond just geeks and programmers.

FAO: An article following an entire list of articles focusing on ICOs  here and here.

Cryptocurrencies

Bitcoin Is Outperforming Major Assets But Hedge Funds Are Still Staying Away From The Cryptocurrency

Gemma Acton & Arjun Kharpal – CNBC

The lighter supervision and more sophisticated client base enjoyed by hedge funds, as well as their ongoing search for market-beating alternative sources of return, provide just some reasons why such vehicles would be expected to venture more boldly into the booming but narrowly understood market for cryptocurrencies.

Should You be Concerned About a Bitcoin Chain Split on August 1st?

The Merkle

A lot of Bitcoin users are concerned about the upcoming August 1st deadline. That is only to be expected, as the user-activated soft fork is scheduled to go into effect on that date. As a result, a chain split is a more than likely outcome. This means users will need to take ample precautions to keep their bitcoins safe. That is much easier said than done, though.

Vendors

Scalability Issues Force Xapo To Pass Transaction Fees To Bitcoin Users

Calvin Ayre

Xapo has told its customers that they will have to pay the transaction fees themselves when moving funds from their accounts.

FAO: Xapo is a Switzerland-based company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card.

Latest Developments & Agreements

Emercoin Signs Tripartite Agreement To Set Up Consortium

EconoTimes

Emercoin, a digital currency and blockchain service platform, has announced that it has signed a Tripartite Agreement for the founding of the “Emercoin Consortium” in collaboration with Estonian company Hashcoins OU and Russian system integrator I-Teco.

The objective of the consortium is the joint development and implementation of specific Emercoin-based solutions for the largest Russian and global companies.

Regulation

From U.S. Regulators, Some Caution on Fintech and Blockchain

Jeffrey Kutler – GARP

While receptivity to innovation has become a common theme, risks and pitfalls are never far from the surface.

FAO: Interesting article signed by Jeff Kutler – the editor-in-chief of Risk Professional magazine, published by GARP (Global Association of Risk Professionals).

Draghi Warns Of Blockchain Risk If Euro Payment Systems Fragment

The Business Times

Mario Draghi said the European Central Bank is closely watching blockchain innovation to ensure that its adoption around the euro area doesn’t fragment its payment systems.

The ECB president began quarterly testimony to lawmakers in Brussels with comments focused on financial innovation, including the “rapid” development of DLTs.

Australia – Vic Govt Eyes Blockchain’s Potential

Rohan Pearce – Computerworld

The Victorian government has become a member of Australian Digital Currency and Commerce Association (ADCCA) through the Department of Economic Development, Jobs, Transport and Resources.

The government is looking to partner with the organisation “to explore the potential application and impact of blockchain across the economy, including but not limited to the financial services, health and food sectors,” the state’s minister for small business, innovation and trade, Philip Dalidakis, told Computerworld.

FAO: Victoria is home to a number of thriving fintech startups, the minister added, citing Timelio, Assembly Payments, Moula, Sixpark and Clover as examples.

Bolivian Authorities Arrest 60 ‘Cryptocurrency Promoters’

Aaron van Wirdum – Bitcoin Magazine

The Bolivian Financial System Supervision Authority (ASFI) arrested 60 “cryptocurrency promoters” last week. According to a statement published by the ASFI, in which it refers to bitcoin and several altcoins, the arrestees were carrying out “training activities” relating to  investments that have “characteristics of multilevel schemes.” The agency also indicated it will track down Bolivians promoting Bitcoin online.

FAO: Interesting for a country that passed the world’s first laws granting all nature equal rights to humans.

Startups, Accelerators & Hubs

How a Tiny Island Could Give Cryptocurrency a Big Boost

Noelle Acheson – CoinDesk

Last year, Barbados-based startup Bitt announced the creation of a digital Barbadian dollar, a digital asset pegged to the value of its real-world counterpart and that could be traded on its blockchain platform. The news, while interesting, created little stir given the relatively insignificant size of the Barbados economy.

Now, however, other central banks in the region are joining the project – the platform will soon also handle Aruban florins and Bahamian dollars.

Other news

Walmart’s Drone Delivery Plan Includes Blockchain Tech

ZDNet

Walmart’s patent application reveals plans for a drone delivery service that uses blockchain technology to ensure that packages are dropped off in secure locations.

This Company Wants to Give You a Divorce on the Blockchain

Samar Warsi – Motherboard

One Toronto developer thinks the blockchain could help. Matthew Rappard, 33, wants to empower people to do their own legal work instead of hiring expensive lawyers. That’s the idea behind StonePaper, an app launched in February 2016 that’s now available in an invitational beta phase, which means the public can sign up with an invitation.

FAO: OMG!!

Opinion

Why Blockchain Is Like A Kitty Party

Jaspreet Bindra – Livemint

Blockchain runs on the concept of distributed trust—much like how the lucky draw in a kitty party works: no fraud can be committed unless the entire group is involved.