Nasdaq open to becoming a cryptocurrency exchange, Myetherwallet hack, Sequoia sue Binance.
The News
Nasdaq’s CEO announced that the exchange is open to becoming a cryptocurrency exchange, when enough regulation is in place to protect investors. At the same time she also announced a collaboration with Gemini, one of the large American cryptocurrency exchanges. cnbc
One of the popular ethereum wallets was hacked on Wednesday leading to the loss of roughly $150,000 USD. In this hack it wasn’t the wallet itself that was targeted, but the routing infrastructure of the internet itself. theverge
Sequoia have sued the founder of Binance, the world largest cryptocurrency exchange, over a deal that went awry. bloomberg
A vulnerability in ethereum’s smart contracts was found, causing a large number of exchanges to pause trading on Tuesday. It has since been resolved. coindesk
Capital
Japanese investment giant SBI Group have joined a $10M round in Templum, an American company building a blockchain-based exchange for securities. businessinsider
Orchid, the company who raised seed from Andreessen Horowitz and Sequoia last year, have raised $36M so far in a ICO according to documents filed with the SEC. coindesk
Adoption
Sony applied for a patent that uses the blockchain to store digital rights data. uspto
BBVA completed the world first corporate loan transaction using distributed ledger technology. bbva
South Korean telecom giant, SK Telecoms, is launching a blockchain to authenticate customers identities. coindesk
Market:
The rising trend continued with the overall market cap reaching $435B (up from $380B) on Wednesday. It fell 13% on Thursday, following the news of the ethereum wallet hack, but has since recovered finishing the week at $415B. Bitcoin was up 8% for the week and is currently at $9,200 USD. Ethereum was up 11% and finished the week at $660 USD.
