Robin Hood – Counter attacks! ETH + 30%, DAO +50%

After the mass panic we saw in the crypto space the last few days, a huge recovery in the price of ETH and DAO suggests something is cooking this morning…. And it certainly is….Last night at around 7pm CET a group of people picked up on a new attack that was draining DAO funds… The response?…

Paypal files patent for crypto-payment – June 22nd, 2016

Has anyone noticed that Paypal has slowly been positioning itself to have a large involvement in the crypto world? On January 12th 2016, Paypal made an interesting new addition to their Board of Directors, a man who is legendary in the Bitcoin space. Wences had the vision to set up one of the first Bitcoin wallets…

The crypto flash crash…what happened? June 20th, 2016

Tremors echoed through the crypto markets early Friday morning as Reddit posts started indicating suspicious activity, soon confirmed to be an ‘attack’  on the DAO. The attack drained  a total of approximately 3.6m ETHER from the DAO amounting to almost $60m (!). The community was quickly divided about how this event should be classified. One school of…

Bank of Canada Experimenting With Blockchain-Type Technology – June 16th, 2016

A recent three-day event in Washington, DC, hosted by the World Bank, the Interntional Monetary Fund and the US Federal Reserve, included representatives from over 90 central banks worldwide focusing on blockchain and fin tech. During this event, it was revealed that most Central Banks have assigned focus groups to work on blockchain and its potential implications: As…

Are you SURE those NIKE shoes are the originals? June 3rd, 2016

According to a Co.Design, the counterfeit sneaker business costs U.S. customs approx $100mn/ year. Worldwide, counterfeit fashion is estimated to be a $600 billion industry, and if U.S. customs figures are accurate, about 40% of all counterfeit goods are sneakers. That makes counterfeit kicks a $240 billion problem to sneaker makers like Nike, Adidas, Converse,…

EU watchdog takes a closer look at blockchain just as SETL announces new blockchain product launch!- June 3rd, 2016

  The European Securities and Markets Authority (ESMA) said yesterday it is deciding on the direction of regulatory requirements necessary to keep securities markets safe and looking for feedback from the outside on how it should proceed. Only a few hours earlier SETL, announced in a press release (Wednesday) that is has launched the world’s first commercial platform using…