Sweeping support

March 16th, 2017 "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." – Friedrich Hayek **CONSENSUS 2017**   Last year, multiple seed-stage startups pitched their product to seasoned venture capitalists in our Proof of Work competition. One of them even got acquired by CoinDesk! Pitch your startup to expert investors, with a chance to win $10,000.  May 22-24 in New York City ☀️️ ️APPLY HERE ️️☀️️   THE FEATURE Illinois Government Unveils Expansive Blockchain Industry Support Plan While some states seem to be cobbling together a patchwork strategy to blockchain implementation, Illinois is taking a very different approach. Yesterday at the DC Blockchain Summit, it revealed a sweeping multi-agency, public-private partnership that aims to connect much of the state's infrastructure using a distributed ledger. CoinDesk spoke to Jennifer O'Rourke, the group's blockchain business liaison, on the purpose and plan for the project. As well as several initiatives focused on education and preparation, the group hopes to leverage the state's strategic position as a center for logistics and finance to extend blockchain awareness throughout the private sector. Although the scope is broad and complex, this comprehensive approach is likely to kickstart a strong ecosystem for innovation, implementation and knowledge that could, with luck, end up spreading to other jurisdictions.   Read the whole story Tweet Share Got this from a friend? SUBSCRIBE HERE *STATE OF BLOCKCHAIN 2017* In our State of Blockchain 2017 report, we compare VC investment in bitcoin companies with that in ethereum companies:   This isn't surprising. More decentralized applications are raising funds through token launches (ICOs). The majority of these in 2016 came from ethereum-based projects. SEE THE REPORT  Wait, there's more: Investment Firm Blockchain Capital is Launching a $10M ICO In an industry first, the VC firm plans to create a blockchain-based token that represents a share in a new fund. The token will then be sold to the general public through an ethereum-based smart contract. Read more. Chinese Bank Union to Tackle Receipt Forgery With Blockchain Eight Chinese banks have teamed up with Shenzhen Blockchain Financial Services to increase the reliability and speed of transactions in the receipts market, as well as reduce fraud. Read more. Bitcoin's Scaling Debate is Devolving Into an All-Out Twitter War With the help of Twitter, CoinDesk breaks down the furore over an attack on Tuesday that took down most of the nodes running Bitcoin Unlimited. Read more.   Alaskan Lawmakers Seek to License Bitcoin Businesses The bill aims to bring companies that handle digital currencies under the state's money transmission laws, and would require them to apply for a license. Read more.   Delaware is Drafting Law That Would Recognize Blockchain Records The proposed legislation would amend the state's General Corporation Law to account for blockchain use in business record-keeping. Read more. Coinbase to Charge Fees for On-Blockchain Transactions The cryptocurrency exchange has said that it can no longer subsidize 'on-chain' transaction costs, and will shift these to users looking to send network transactions over the bitcoin and ethereum blockchains. Read more.   'Gemcoin' Ponzi Scheme Operator Hit With $74 Million Judgment The judgment comes more than a year and a half after the SEC raided the offices of a company connected to the fictitious cryptocurrency. Read more.   Canadian Police Issue Bitcoin Investment Scam Warning According to a regional police service in Ontario, residents have been approached with dubious money-making pitches involving bitcoin. Read more.   Go to CoinDesk BTC: $1,221.35 -2.7%  ETH: $40.32 +29.7% @10:00 EST - More price details PRESS RELEASES   14, Mar - Press Release: Gartner Market Report: A Global Top 20 Blockchain Consulting and Development Firm 03, Mar - Press Release: Ethplorer 2.0: Tokens for investors, widgets and API for developers. 01, Mar - Press Release: New Payment Option At VISIONAPARTMENTS - Rents can now be Paid in Bitcoin Hi everyone! On behalf of all of us, thank you to those of you who give feedback. And, please, keep it coming! 👏😃 Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list