2017 is shaping up to be a big year for the world's biggest financial blockchain consortium.
Perhaps first and foremost, R3 is looking to bring its months-long funding effort to a close. According founder and CEO David Rutter, the firm is close to finalizing the sector's largest funding round to date. While the size of the round has not been confirmed, the target was $150 million.
There's also a move in the works, one that's reflective of R3's tech push via the launch of Corda, its open-source distributed ledger platform.
In conversation with CoinDesk, Rutter revealed that he will be relocating from R3's main offices in New York to its London branch. The aim, he said, is to be closer to the hub of the tech development team.
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Bitcoin: Where Wall Street and Silicon Valley Meet *Year in Review*: Chris Burniske of ARK Invest and Adam White of Coinbase make the case for bitcoin as a valid asset class for institutional portfolios. Among the attributes that make it a valuable addition are its declining volatility, use as a means of exchange, price independence and historical risk-adjusted returns. Read more.
Blockchain Angels Invest $1M in Bitcoin-Ethereum Hybrid Qtum Qtum, a Singapore-based foundation creating a public blockchain that combines bitcoin's transaction model with the ethereum virtual machine, has raised $1m in new seed funding from a group of blockchain angels. In conversation with CoinDesk, founder Patrick Dai confirmed that the startup is contemplating an ICO, and recognized that attracting developer interest will be one of the main challenges. Read more.
PBoC to Conduct Ongoing Bitcoin Exchange Visits The People's Bank of China (PBoC) has said that it plans to continue with its on-site visits to bitcoin exchanges to confirm compliance and deepen engagement. BTCC CEO Bobby Lee confirmed to CoinDesk a recent meeting in which the PBoC requested data and recommendations, and stressed the constructive nature of the dialogue. Read more.
BitX Rebrands as Luno, Reveals Bitcoin Sandbox Project BitX is rebranding as Luno, and extending its focus to the European market. In conversation with CoinDesk, CEO Marcus Swanepoel confirmed that the company remains focused on bitcoin, but wants to broaden its services beyond that of an exchange. Read more.
Is the 'Zcrash' Over? Zcash's Price is Finding a Floor at $50 Zcash's volatility seems to have quietened down, with the ZEC price settling into a range between $45 and $50. Read more.
Assange Just Read Out a Bitcoin Hash to Prove He Was Alive A new bitcoin application: in a Reddit AMA, Julian Assange read out the most recent block hash to prove that he was still alive. Read more.
Report: Bitcoin ETF Could Amass $300M in Assets (If Approved) An investor note by Needham & Company estimates that a bitcoin exchange-traded fund (ETF) could attract at least $300m in its first week alone, but that SEC approval is unlikely. Read more.
US Food and Drug Administration to Study Blockchain The US Food and Drug Administration (FDA) has announced a research initiative in conjunction with IBM to study the use of blockchain technology in the handling of data. Read more.
The price for tickets to CONSTRUCT, our developer-only conference in San Francisco, USA from January 30-31, will increase from $699 to $899 tomorrow, 12th of January. If you're thinking of attending, don't delay!
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