Industry Watch 19 January, 2018

Nami | Daily Crypto News 17.01.2018

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Business Times: Telegram – crypto junkies’ favourite messaging app – planning biggest ICO ever 

Telegram, which last year became the main hub for cryptocurrency watchers and investors, is planning to raise US$600 million in a private sale of tokens to use in its Telegram Open Network blockchain before February 2018 and an additional US$600 million in a public sale of tokens starting march. Total amount of money is US$1.2 billion.

2 alibaba

Coin Telegraph: China’s Alibaba Launches Crypto Mining Platform Despite Restrictions, Say Local Sources

CnLedger, a Twitter-based local crypto news information provider, relayed the report from Chinese Internet service qq.com, stating Alibaba’s ‘P2P Nodes’ platform had “launched” after a registration in October 2017. According to the available material from cnLedger, Alibaba “may incorporate” P2P Nodes in its e-commerce platform “in future”. In addition, Chinese conglomerate Tencent has registered a “Blockchain-related trademark” for an entity referred to variously as ‘Ether Lock’ and ‘Ethernet Lock.’

3 bitcoon reuters

Reuters: Bitcoin, other cryptocurrencies tumble on government crackdown worries 

Bitcoin’s slide triggered a selloff across the broader cryptocurrency market, with Ethereum down 23 percent on the day at one point, according to trade website Coinmarketcap, and Ripple, plunging by as much as a third on government crackdown worries in China and Sputh Korea.

4 bitconnect

Coin Telegraph: Bitconnect Closes Virtually Its Entire Operation, BCC Token Drops 87%

Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437. At press time, BCC is trading for just $30.

5 blackwallet hack

Coin Telegraph: BlackWallet Hack: $400K In Stellar Stolen, Hosting Provider Possibly At Fault 

A DNS hijack has led to hackers withdrawing $400,000 worth of Stellar Lumen (XLM) coins from wallets hosted by Blackwallet.co without users’ permission. On Saturday, Jan. 13, attackers took control of BlackWallet’s hosting server, changing settings to allow code to run which automatically sent customer balances over 20XLM to an address under the hackers’ control.

6 thai ico

Bangkok Post: First Thai ICO en route 

Jaymart subsidiary J Ventures will become the Thailand’s first SET-listed company to sell its own digital currency “JFin” through an initial coin offering (ICO) in March. The company hopes to acquire 660 million baht in the first phase of the 100-million-coin ICO, with a price of US$0.20 (6.40 baht) per coin. It plans to use the raised funds to develop a decentralised digital lending platform integrated with blockchain technology.

7 swift

Coin Desk: Swift Signs Agreement With 7 CSDs to Explore Blockchain for Post-Trade 

Swift has signed a memorandum of agreement with seven central securities depositories (US, Russia, Switzerland, South African, Abu Dhabi, Argentina, Chile) to look into how blockchain can be used for post-trade processes, such as proxy voting.

8 Microsoft

Forbes: Microsoft Adds Bitcoin Support For Purchases Again 

BetaNews reported that Microsoft will once again accept Bitcoin. “We’ve restored Bitcoin as a payment option in our store after working with our provider to ensure lower Bitcoin amounts would be redeemable by customers,” said a Microsoft spokesperson.

9 unicef

Coin Desk: UNICEF Wants to Fund Early Stage Blockchain Startups 

The U.N. program said it is offering equity-free investments of $50,000–90,000 to seed-stage startups developing solutions on open blockchains in areas including smart contracts, tokens, mining and data analysis. The release added: “We are interested in companies that use distributed ledger tech in new, groundbreaking, ways that are scalable, and globally applicable.”

10 cypherium

Coin Desk: Blockchain Startup Cypherium Partners with IC3 for Scaling Research 

Blockchain infrastructure platform Cypherium is partnering with the Initiative for Cryptocurrencies and Contracts (IC3) research group to develop new blockchain scaling solutions. Cypherium will launch an initial coin offering (ICO) early in 2018 and that the two entities hope their joint work will lead to mainstream adoption of blockchain-based platforms.

11 shipping

Coin Desk: Shipping Blockchain: Maersk Spin-Off Aims to Commercialize Trade Platform 

With access to a shared, trusted record of transactions, Maersk would save money and be able to better compete on enhanced services. Maersk has developed a blockchain using IBM’s Hyperledger Fabric open-source software to do that. Maersk and IBM have decided that by spinning off the project into a standalone entity, they might have more success in attracting Maersk’s rivals to the solution.

12 holding both

Forbes: Holding Crypto Assets And Stocks? There’s Now A Platform To Manage Both 

New York-based Commandiv recently launched a Coinbase integration feature that allows investors to trade stocks, funds and cryptocurrencies on a single platform and through one account. Coinbase operates one of the largest Bitcoin exchanges in the United States.

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