Wednesday 8 August 2018

That de-escalated quickly

Augur's user base drops off; bitcoin ETF decision delayed to September
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August 8, 2018
DOG DAYS: Augur, once the top-ranked ethereum dapp, has slipped in the ranking one month after the prediction market protocol's launch, with scores of active users now rather than the initial hundreds.

Ryan Berckmans, co-founder of Predictions.Global, a sort of explorer site for Augur, suggests liquidity, or lack thereof, is the reason the network has lost some steam. Full story

KICKING THE CAN: So much for that Friday cliffhanger we were looking forward to. The Securities and Exchange Commission has postponed making a decision on the proposed VanEck-SolidX Bitcoin ETF, pushing its final determination to September 30.

An approval, if granted, would constitute a critical point on the path to listing what would be the first exchange-traded product of its kind in the U.S. Full Story

REAL TALK: State Street is eyeing blockchain to streamline the business of securities lending, but the giant U.S. custody bank is of two minds about the idea.

The tech and product teams envision a peer-to-peer model based on blockchain that enables a lender to face the borrower directly, taking out intermediaries. However, the front office has some reservations, which executives candidly discussed with CoinDesk. Full Story


ICOs raised $679 million in July, according to CoinDesk’s ICO tracker. The latest haul brings the all-time total raised through ICOs to a staggering $19 billion. Other notable points from the data:
  • No mega-ICO the likes of Telegram ($1.7 billion) or EOS ($4.2 billion) occured in July
  • The number of ICO raises grew 16 percent from the month before
  • The largest ICO of the month was Cryptosolartech, which raised over $68 million and was promoted by the “Spanish Wolf of Wall Street”
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The Oxford Blockchain Strategy programme is developed for business leaders, innovators, and future thinkers with an interest in blockchain. This programme gives you a fundamental understanding of blockchain, and its implications and effects on your business strategy. Visit the programme page to learn more.
 
SELL-OFF: Bitcoin's price fell below $7,000 today after the SEC's postponed its ETF decision, but technical charts suggest the outlook for the largest cryptocurrency by market cap is still positive. Full story  
BEST OF THE BEST

THE ECONOMIST: The magazine looks at the efforts by TEPCO, Japan's largest energy firm, to decentralize the electricity business using blockchain, and plays up the ironies of an incumbent leading the revolution

THE REST

BlOOMBERG​: Initial coin offerings, which are supposed to be free from bank intermediation and regulatory scrutiny, are looking a bit less revolutionary now, with more and more of the money coming from accredited investors instead of just anyone with an internet connection. 

FINANCIAL TIMES:​ Swissquote, an online bank, is buying Luxembourg-based Internaxx Bank, for $32 million, and one reason mentioned is to assist Swissquote in expanding its cryptocurrency-related offerings to thousands of expatriate European clients.
 


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