Blockchain Daily News – Edition 8, 13.07.2017
July 13, 2017
Blockchain Daily News – Edition 10, 17.07.2017
July 17, 2017

Blockchain Daily News – Edition 9, 14.07.2017

Blockchain Daily News

by Florin Oprea

Edition 9, 14.07.2017

Deals, Investments & M&As

Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off

William Suberg – The Cointelegraph

The closure of Tezos’ $232 mln ICO – the largest in history – is dividing the community concerned about mass Ethereum sell-offs.

FAO: Tezos just closed the largest ICO till date. Investors are concerned that startups that used ICOs to raise funds ar aggressively dropping their ETH for fiat. Check our “Analysis” section too.

Behind The Scenes With Tezos, A New Blockchain Upstart

Alice Lloyd George – Tech Crunch

Blockchain Adtech Startup ‘Hybrid’ ICO Will See Tokens On Sale At Bittrex

William Suberg – The Cointelegraph

Blockchain adtech startup CakeCodes will use a “revolutionary” distribution method in the ICO for its upcoming jobs marketplace StorMarket.


Silicon Valley Is Hot On A New Cryptocurrency That Could Become Worth 100 Times Its Current Value

Becky Peterson – Business Insider

Ether, the unit of cryptocurrency used on the Ethereum blockchain, has given investors a wild ride lately.

How Bots And Black Marketers Are Influencing Bitcoin Price, Altcoins Value

Iyke Aru – The Cointelegraph

The Bitcoin and altcoin market keeps exhibiting a high level of volatility, suggesting easy manipulation by a minute segment of participants as the case may be. This automatically signifies tangible room for growth as the ecosystem strides towards stability.

Goldman Sachs Granted ‘SETLcoin’ Cryptocurrency Patent

Chuan Tian – CoinDesk

Goldman Sachs has been awarded a patent for its proposed “SETLcoin” cryptocurrency settlement system.

FAO: A $80B global market cap in crypto currencies and assets is an important figure. It will certainly grow, and so will the interest showed by all market players. Hedge funds are already here (check today’s second article from our “Analysis” section). Soon the “cryptosystem”/”crypto-market structure” will be big enough to support other participants. What do you think? Send us your thoughts. Happy to publish your opinion, if pertinent.

Exchanges & Trading Venues

Publicly Listed South Korean Company Building Global Network Of Cryptocurrency Exchanges

Kevin Helms  –

A South Korean company listed on KRS’s Kosdaq has announced the launch of its own bitcoin exchange and a plan to build a global network of cryptocurrency exchanges. Coinlink will be the country’s first bitcoin exchange run by a Kosdaq-listed company.

FAO: Interesting project. I will add this to my team’s W&R (watch & research) list.

New York Trading Platform InvestFeed Replaces Equities For Cryptocurrency

Richard Kastelein – Blockchain News

InvestFeed, a community-powered stock trading network, is making the ambitious move to drop U.S. equities from its platform and to replace them with high-performing, highly-liquid digital currencies.

FAO: It takes guts! Godspeed!

Latest Cryptocurrency Exchange Hack Highlights Need For Better Security Protocols

Darryn Pollock – Bitcoin Magazine

It comes with the territory that digital currency will be susceptible to digital threats. Hacking and theft have almost grown up side by side with things like Bitcoin, and, as the popularity and value of the digital currency rises, its attraction to thieves also grows.

FAO: There is definitely a pretty poor scenery when it comes to professional security solutions for crypto markets. The “cryptosystem”/”crypto-market structure” is under development. As I mentioned above, more and more participants are starting to show and a better protection is a must.  


Blockchain Tech Incubator Firm Could Spark Jobs

IOM Today

A technology business using cutting edge blockchain technology could ultimately help to bring jobs to the island, it has been claimed.


South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks

Kevin Helms –

Starting on July 18, the amended South Korean Foreign Exchange Transactions Act will enable fintech companies to register with the Financial Supervisory Service (FSS) to legally “provide international money transfer services for small funds,” The Herald reported an FSS official saying on Wednesday.

FAO: Of course there are certain terms and conditions these fintech firms need to comply with and there are several limitations but nevertheless this country will take a giant step forward next week. Bravo!  

The State Of ICO Regulation? New Report Outlines Legal Status In 6 Nations

Jonathan Keane – CoinDesk

Fintech analyst and research firm Autonomous NEXT has published a new report on the state of blockchain-based ICOs.

FAO: Whooaa! “Token Mania” is a 70-page publication. We certainly have a lot to read.

Symbiont Demos Blockchain Share Issuance For DC Lawmakers

Aaron Stanley – CoinDesk

Blockchain solutions provider Symbiont gave a public demonstration of its distributed ledger solutions at a Washington, DC, event on Tuesday.

Blockchain Industry Heading Towards Putin’s Prediction of New Digital Order

Iyke Aru – The Cointelegraph

In the era of global economic transition, Blockchain user interfaces will function as a crucial link in bridging the gap between the old and the new order. Russian President Vladimir Putin’s assertion at the G20 summit reveals that digital technology is an important aspect of global economic future.

Startups, Accelerators & Hubs

Kazakhstan Set To Become Regional Hub For Cryptocurrency Startups

Avi Mizrahi  – Finance Magnates

Kazakhstan’s Astana International Financial Center announced the creation of a working group to develop an ecosystem to enable blockchain solutions for the CIS (Commonwealth of Independent States). This is in collaboration with Deloitte and Waves, as well as Ukrainian law firm Juscutum, and Kesarev Consulting.

FAO: Who would have thought? Interesting project starting from this resource rich state in Central Asia.


Ethereum’s Wild Ride Needs to Slow

Shuli Ren, Tim Culpan – Bloomberg

The price of ethereum dropped about 20 percent at the height of a selloff in cryptocurrencies this week. That’s bad news.

Why You Should Care That Hedge Funds Are Joining The Crypto Boom

Leigh  Cuen  – Internațional Business Times

The market for cryptocurrency is booming, with bitcoin and ether tokens turning early buyers into millionaires. Now hedge funds are getting in on the blockchain game.

Other news

Daimler Uses Blockchain To Issue Bonds

Nina Trentmann -The Wall Street Journal

Daimler AG, the German car manufacturer, floated part of its €100 million ($114.1 million) German bond (Schuldschein) using blockchain technology at the end of June. The pilot project was among the first of its kind, the company said.

FAO: Na, so was!


Disrupting The Trust Business

The Economist

The trust business is little noticed but huge. Startups deploying blockchain technology threaten to disrupt it, and much else besides.


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

DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News