Jan 2 – Blockchain & cryptocurrency news roundup

cryptocurrency news from around the world

Jan 2 – Blockchain & cryptocurrency news roundup

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Get a jump start on blockchain and cryptocurrency news with this roundup. This news collection will get you thinking ahead about the cryptocurrency market and blockchain technology in 2019.

 

Cryptocurrency News

 

VCs Scooping Up Cheap Deals as SEC Successfully Reinstates Investment Prohibitions

VCs investment challengesThere was a time when Venture Capitalists (VCs) were facing disruption, moaning on papers over whether they might now be out of business, how do they compete, telling each other they might have to give better deals and might have to lower their big gains expectations through Initial Public Offering (IPO) flipping or other start-up exits. Why compete, however, when you can get the Securities and Exchanges (SEC) commission to rebuild the gated walls with new metaphorical armed guards in front keeping the “peasants” out. Read more…

 

The Secret for a $1 Trillion Crypto Market? Keep Building

crypto market secretWhile these drawbacks may sound daunting, the pressure on these systems has prompted the industry to arise and to begin developing solutions at a much faster rate than if we hadn’t experienced the rush of market activity late last year. There has been a lot of work underway in 2018 to encourage regulatory clarity, streamline operations and continue building out the space. Read more…

 

Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

crypto 2019 predictionsI believe and have been telling those around me that I think 2019 will be a “doozy.” I think we will see major dislocations in the leadership of the United States, a bear market in stocks, a weakening economy, a number of issues with the global economy including a messy Brexit and a sluggish China. All of this will lead to a more cautious stance by investors in the startup economy. And crypto will not be a safe haven for any of this although there will be signs of life in crypto land in 2019. Read more…

 

Novogratz Increases Stake in Galaxy Digital in Wake of Meltdown

Mike NovogratzMichael Novogratz is putting more of his money where his mouth is when it comes to cryptocurrencies. The founder and chief executive officer of Galaxy Digital Holdings Ltd., acquired 7.5 million ordinary shares of the TSX Venture Exchange registered company for C$7.42 million ($4.8 million), representing about 2.7 percent of issued and outstanding ordinary shares, according to a statement Wednesday. He controls almost 80 percent of the stock. Read more…

 

ICE-Owned Bakkt Raises $183M, Delays Launch of Bitcoin Futures

Bakkt raises $182.5 millionBakkt, a cryptocurrency platform owned by the New York Stock Exchange owner, announced today a massive Series A funding round that could value the company at over $1 billion. Bakkt CEO Kelly Loeffler revealed the $182.5 million investment in a Medium post, saying the startup has secured the new venture capital from 12 partners and investors that “believe in the future of digital assets,” and will be used to accelerate its expansion. Read more…

 

Switzerland to Regulate Blockchain Within Existing Financial Laws

Switzerland regulates cryptocurrencyThe government of Switzerland wants to accommodate the blockchain sector within its existing financial laws. The country’s Federal Council issued a report on Friday, providing a legal framework for distributed ledger technology (DLT), or blockchain, stating that Switzerland’s existing rules are well suited to dealing with such new technologies, but there is still a need for some amendments. Read more…

 

The Most Essential Crypto Long Reads 2018

2019 bitcoin forecastBest Of 2018! Simply put, this is the best crypto content of the year — the most interesting, influential & inflammatory threads and essays. You may not agree with everything here, but you can’t ignore it. For the last time of 2018, strap in — it’s long reads time! Read more…

 

CoinDesk’s Most Influential 2018

Hester PeirceYou voted. Our writers debated. Meet CoinDesk’s Top 10 2018 Crypto Influencers. This year, we’re celebrating the biggest people in blockchain with a special edition CoinDesk Crypto Collectible Store, where the biggest names are available for purchase (and in-game play) on the blockchain, right alongside our feature articles and videos. You can own the original digital trading cards designed for this series by bidding for them on OpenSea, an open marketplace for NFTs. Read more…

 

Hackers Threaten to Dump Insurance Files Related to 9/11 Attacks

WTC towers NYCA hacker group called The Dark Overlord is threatening to release three law firms’ internal documents regarding cases associated with 9/11 if the firms do not pay up in bitcoin. Specifically, the group is threatening Hiscox Syndicates Ltd, Lloyds of London and Silverstein Properties; the former two have insured some of the structures related to the World Trade Center, which Silverstein owned at the time of the attacks. The hacking group claims they will provide “many answers” about 9/11 conspiracies. Read more…

 

Blockchain Technology News

Blockchain Trends In 2019

CB Insights logoWhat’s next for blockchain technology? CB Insights examined 18 of the biggest blockchain trends, covering everything from bitcoin mining to security tokens to smart contract platforms. Using the NExTT framework, we looked at the industry adoption and market strength of these trends, categorizing them as necessary, experimental, threatening, or transitory (NExTT). Read more…

 

In 2019, blockchains will start to become boring

boring blockchainIn 2017, blockchain technology was a revolution that was supposed to disrupt the global financial system. In 2018, it was a disappointment. In 2019, it will start to become mundane…. Many of the developers who flooded into the space in 2017 are still working in it; innovative-sounding projects are still alive and even close to bearing fruit. And several big corporations plan to launch major blockchain-based projects in 2019. Here are three reasons why 2019 will be the year that blockchain technology finally becomes normal. Read more…

 

Resisting the Threat of Blockchain Recentralization

blockchain technologyI think most can agree that it’s been a hell of a long year, in crypto and in general. The greatest way to reflect back on the year may be to review our expectations as we entered it; to this end, I’d highly recommend a revisit of the “95 Crypto Theses” post by Ryan Selkis. Selkis was wise enough to veer away from micro-predictions and focused instead on broad and conceptual observations that ring true no matter where our current prices stand. Read more…

 

Saudi Arabia Completes IBM TradeLens Pilot for Cross-Border Blockchain Trade

IBM and TradeLensCustoms authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion. TradeLens, which IBM and Maersk created in August last year, is intended to be a basis for digital supply chains and launched with almost 100 entities willing to take part in the pilot. Read more…