Issue #77

16 - 22 May 2015

Hi guys, recently I launched a new fintech newsletter called Fintech Street. Go take a look and join other senior bankers who are already subscribed to this newsletter and gain insights into the development of this fast-growing industry.

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Latest News

Roger Ver went public over OKCoin's breach of contract payment to him over the management of bitcoin.com domain. Some contract documents are also apparent forged by OKCoin as well, claimed Ver.

BitFinex’s hot wallet has been compromised. The hack has resulted in the loss of only 0.5% of the total funds as 99.5% of customers' funds are in secure multisig wallets. Bitfinex has moved swiftly to ensure all losses will be absorbed by the company.

Popular digital currency forum BitcoinTalk has been taken offline following a social engineering attack that resulted in a server compromise.

Market

After reading about high-frequency trading in Michael Lewis' Flash Boys, Andrew Barisser created his own bitcoin trading bot. Here are his findings.

Critics concede Bitcoin's innovations may change finance but predict the system itself isn't long for this world. Nasdaq is challenging that idea by not only testing Bitcoin's much-vaunted blockchain technology, but doing so on the Bitcoin network.

An explanation of how NASDAQ is running it's Bitcoin blockchain experiment using Open Assets, the current de facto standard for colored coins.

Citi has told the UK government it should consider creating its own digital currency, a newly obtained document has revealed.

Ecosystem

Digital currency startup Ripple Labs announced today that it has closed a new $28m Series A funding round.

Decentralized trustless video streaming using bitcoin payment channels. Stream live video directly to your viewers and get paid instantly without any middlemen.

The authors found that the vast majority of domains are held by squatters, many of whom use the block chain to advertise that they will sell the names to other users. Of the 745 names that appear to be owned by legitimate users, the vast majority either redirect to regular DNS domains, or offer content that is cloned from an DNS domain.

Mining

Kyle Torpey explores the problem of self mining.

Legal

NYDFS Superintendent of Financial Services, Ben Lawsky will step down next month after 4 years at the job to set up his own consulting firm advising financial institutions on matters related to technology, cybersecurity and virtual currency.