Your Daily Crypto News on Steemit August 18, 2017

danyelk (69) in news • 7 years ago

Breadwallet collects $ 7 million!
Blockchain & Bitcoin Conference in Stockholm!
Xerox Patent for Blockchain Recording System!
Falcon Private Bank and Bitcoin Suisse AG expanding Crypto Asset Management!
ETH Metropolis in late September!

The Bitcoin wallet provider Breadwallet has announced a new funding of approximately seven million US dollars.

The startup, which was founded in 2014, receives financial funds from a group of investors. Participating companies include: Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc, OKWAVE and Saison. An unknown group of angel investors and family offices also participates in the financing round.

Breadwallet said they wanted to use the financing to drive business development and expand the marketing team. Additional capital is invested in improving the functionality of Bitcoin Wallet. In addition, the startup also announced that it intends to found further headquarters in Switzerland. With the move Breadwallet joins a growing number of cryptocurrency and blockchain startups, which are located in the so-called Crypto Valley.

Adam Traidman, Breadwallet founder and CEO, said:

According to statements, there was a harsh tone between the investors taking part in the financing round on the prospects for future adaptation of crypto currencies and the potential for startup.

Shinji Kimura, founder of DAS Capital said:

The main focus of the Blockchain & Bitcoin conference in Stockholm is the development of ICOs, blockchain technology and digital currencies.

The Stockholm Blockchain & Bitcoin Conference will take place on September 7th in Stockholm and is part of the Smile Expo Event Series, which now houses more than 15 blockchain events in Europe.

The conference will focus on blockchain implementations in the financial sector, the energy sector and the insurance sector, as well as investment tools and budding regulatory approaches in the field of crypto currencies and ICOs.

One of the main topics will be the currently very debuted Initial Coin Offerings (ICOs). TenX founder Julian Hosp, blockchain evangelist Oleg Kudrenko and co-founder of Cofound.it Daniel Zakrisson will lead the discussion rounds.

The keynote speakers of the conference include, in addition to the high-profile figures from the industry, the crypto-lobbyist and parliamentary speaker Mathias Sundin. Mathias is the first politician in the world who has organized his election campaign solely through Bitcoin donations. His election program contains many important building blocks for the promotion of innovations and digital currencies. He will also report on his views and broad acceptance in the masses.

Safello CEO Frank Schuil is addressing a similar issue. He will discuss the integration of Bitcoin & Blockchain technologies in society, reporting the different phases of mass acceptance from the zero-value phase, a few years ago, to broad acceptance in 2017.

Karolina Marzantowicz, Head of the Polish Research Department, will present her presentation to all those who want to learn more about the applicability of blockchain solutions in the energy sector. Focus of the presentation will be the cost saving and the efficiency increase by the blockchain technology.

In addition to the topics already mentioned, there will also be lectures on the issue of digital currencies, mining, smart contracts and blockchain applications.

Parallel to the conference, there will be a exhibition with many interesting software and hardware exhibitors.

Ticket sales for the Blockchain & Bitcoin Conference in Stockholm have already begun.

Click here for ticket sales: Blockchain- & Bitcoin-Conference-Stockholm.

The technology company Xerox has filed a patent application to securely process documents via blockchain.

Xerox is well-known for its printers of the same name and has already applied to the US Patent and Trademark Office in February 2016. The current application, which was published yesterday, describes a concept that will allow to create and update documents in a blockchain network.

Specifically, encryption processes should ensure that all changes in the documents can be tracked. Verification using a private key and a public key would ensure that only authorized persons can make changes.

One possible use is seen in the health sector, for example to secure and exchange patient records.

If you want to learn more, you can read the patent application here.

Falcon Private Bank Expands Crypto Asset Management with Bitcoin Suisse AG by Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH)

In cooperation with Bitcoin Suisse AG, Falcon Private Bank will expand its block-chan- nel asset management offerings with EtherCredit, Litecoin (LTC) and Bitcoin Cash (BCH) crypto currencies from 22 August. This will make it the first bank in the world to offer High Net Worth Individuals access to a range of the most highly capitalized crypto assets alongside Bitcoin.

As early as July, Falcon Bank was the first Swiss private bank to incorporate a crypto-asset management solution into its offering by enabling its customers to buy, sell and hold Bitcoin directly through the bank. Bitcoin Suisse AG, based in the Swiss city of Zug, is a leading global crypto-asset broker and crypto-asset manager. It is subject to the anti-money laundering regulations (AML) of the Swiss banking supervisory authority FINMA, acts as a broker for the Falcon Private Bank and provides the infrastructure for its crypto-asset offer. The company is a leading service provider for crowdfunding projects (ICOs) and supported projects like Bancor, Status, TokenCard, Tezos, aeternity, OmiseGo, Melonport, Matchpool, Decentraland, Moeda and others.

Niklas Nikolajsen, CEO of Bitcoin Suisse AG, said:

The Falcon Private Bank is a Swiss bank house that managed CHF 14.6 billion for its customers in 2016. The head office of the bank is Zurich. There are also branches and representative offices in Abu Dhabi, Dubai, London and Luxembourg. As a crypto broker and infrastructure partner, Bitcoin Suisse AG has helped the bank offer all the products and services necessary to enable wealthy individuals and institutional investors to buy, secure, track and trade crypto assets.

Founded in August 2013, Bitcoin Suisse AG offers a range of financial services and products for individuals, companies and institutions in the emerging sectors of crypto-finance and decentralized markets. These include brokerage, trading, asset management, ICO services, software integration and consulting solutions based on crypto assets and blockchain technology.

The company is known, among other things, for providing the crypto payment infrastructure for the city of Zug. Since 1 July 2016, Zug is the world's first city whose public authorities accept Bitcoin and other crypto currencies as payment. As the oldest Swiss company in its market segment, Bitcoin Suisse AG, which has been AML-regulated since 2014, has also worked as a broker for crypto-asset institutions such as the Ethereum Foundation and the Lisk Foundation. In addition, the company provides crypto-asset services and solutions to a number of banks and asset managers.

Through the current developments of Bitcoin and Bitcoin Cash, Ethereum moved somewhat into the background in the crypto community. Now it was announced that the next big update "Metropolis" at the end of September by a Hard Fork.

The planned stations of Ethereum can be found in the Ethereum Roadmap. Since the beginning of the year, the Ethereum community is eagerly waiting for a release date, because Metropolis will implement new features for Ethereum.

At the moment the following innovations are known for Metropolis:

In Metropolis the basis for the so-called zk-snarks is to be laid. These "Zero Knowledge Proofs" will allow the Ethereum Blockchain to perform anonymous transactions in the future.

A proximity to Zcash is not surprising, as Ethereum chief developer Buterin and Wilcox work together on Zcash's anonymity.

The upgrade provides for easier programming for programmers. Smart contracts should also be simplified. Gas is to be adjusted, so that when a transaction is executed, it is better to settle the bill and thus save costs.

A kind of masking can now be used to "determine" the address to which you have a private key. Through this type of assignment, security enthusiasts can gain additional security for their accounts.

This development is interesting because it provides protection against attacks by quantum computers. In addition, a so-called Difficulty-Bomb is to be ignited. It will cause a severe aggravation of the mining. This is only an intermediate step to the gradual replacement of proof-of-work to proof-of-stake.

As with past upgrades, which were introduced by means of hard-forks, the positive development could also trigger a price increase.

After all, it would have reached the penultimate stage - Serenity will follow and bring the breakthrough to the mainstream.

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Wish you all a lovely Friday!!!
Best regards
@danyelk
👉

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7 years ago by danyelk (69)

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misrori (63) · 7 years ago

Thanks Great news

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danyelk (69) · 7 years ago

Your welcome

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andr1an0 (6) · 7 years ago

First, congratulations to the breadwallet team. This is a big milestone.
For the last several years I've been looking for a wallet that appears to have a mechanism to finance its own development.
The best traditional idea I've found is that the wallet partners with an exchange, and takes a cut of the proceeds. I noticed that breadwallet appears to have taken this route.
Maybe this can be a profitable channel. But even at a lofty cut of 1%, that's going to take $70 million in volume to make $700K in a year. That may cover team salaries and company expenses with a little left over. But it's not going to justify a $7 million+ valuation.
Then there's the non-traditional idea. Treat the investment in the company as a two-pronged attack. On the one side, buy bitcoin and hodl. Profit from price appreciation. On the other, invest in an unprofitable bitcoin startup with technology that improves Bitcoin, but which can't be monetized. When the company fails to perform in the traditional sense, write off the investment as a tax loss, possibly rolling losses over into the future.
As I look around the Bitcoin startup space, this second model seems to dominate. There's lots of investment money going into startups without an obviously viable business model. I'm not saying breadwallet is one of them but as an outside observer the numbers don't seem to add up. Then again, maybe a Bitcoin wallet is like a Web browser: impossible to build a business around by itself but useful to a company that makes its money in other ways.

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saidulakbar (55) · 7 years ago

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danyelk (69) · 7 years ago

Thank you I am happy that my post is that useful for you (:

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danyelk (69) · 7 years ago (edited)

Thank you will check your posts if i like your content i will follow (:

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buildawhale (74) · 7 years ago

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andr1an0 (6) · 7 years ago

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m0bilitee (25) · 7 years ago

Is it just me or is this thing Xerox is trying to patent a pretty obvious "everyone else is trying this" use of blockchain technology? Take any data and use blockchain to prove when and how it's been changed. Just because it's a document management system doesn't make it that unique in my view.