Daily 10: Bakkt Acquires Crypto Custodian; Blockchain Gaming’s Seed Funding Spree Continues

April 30, 2019

Another hot start to the week in the crypto and blockchain space! To help you stay on top of it all, I put together a 22-part Twitter thread based on news and announcements from Tuesday. Can’t be bothered looking through the whole thing? All good! Below, I’ve listed what I considered the ten most noteworthy inclusions. Enjoy!

[1] In a blog post by COO Adam WhiteBakkt announced the acquisition of Digital Asset Custody Company (DACC), a custodian of cryptocurrencies and other digital assets. “As we look to scale and support custody of additional digital assets,” White wrote, “DACC’s native support of 13 blockchains and 100+ assets will serve as an important accelerator.”

[2] Mike Novogratz’s Galaxy Digital Holdings posted a $97M loss in Q4, making it $272.7M in the red after a year in operation. The majority of this loss was attributable to the sale of digital assets. Other contributing events included recording $75.5M in paper losses on crypto still being held, $8.5M in unrealized losses on investments in companies, and $88.4M in operating expenses. Yikes.

[3] Former ConsenSys spoke Truffle Blockchain Group told Forbes they’ve raised $3M to begin building “enterprise-grade suite of blockchain development tools” as well as hire new talent. Truffle also announced today the first company it’s integrating with is AxCore, a proprietary blockchain created by Goldman Sachs and JPMorgan-backed Axoni.

[4] Erik Zhang (Co-Founder & Core Developer, NEO) published a blog post revealing the development roadmap for NEO 3.0, “a robust blockchain implementation with high throughput, enhanced stability and security, an optimized smart contract system, and a feature-packed infrastructure set for diverse business application scenarios.” Dates to note: testnet (2Q19) and mainnet (2Q20).

[5] The IOTA Foundation announced British car manufacturer Jaguar Land Rover is “testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.”

[6] Binance’s venture capital arm, Binance Labsinvested an undisclosed sum in PhishFort, a South African startup that provides solutions to crypto companies for protection from phishing attacks and scams.

[7] Two data-focussed crypto projects today announced integration with leading decentralized oracle network Chainlink (LINK): Ocean Protocol (OCEAN) and Streamr (DATA). Both will now beable to securely access off-chain information.

[8] Blockchain game development studio Experimental has closed a seed round worth over $500,000 from the likes of Sumit GuptaAnimoca Brands, Argentine government-backed venture capital firm YAVU, and more. Experimental is the creator of the CryptoWars, the first strategy game to run entirely on smart contracts.

[9] Ethereum-focused R&D startup Decenter launched CDP Saver on the Ethereum mainnet! Enabled by Kyber Network (KNC), it represents a fully functional MakerDAO CDP dashboard “with advanced, yet accessible features, including RepayBoost and a CDP Marketplace,” according to a blog post published today.

[10] The recently launched eToroX announced the addition of 7 more trading pairs: BCH-BTC, LTC-BCH, BCH-ETH, XRP-ETH, LTC-ETH, BCH-XRP, and LTC-XRP.

Want to see all 22 parts of today’s thread? All you have to do is click below!

I compose threads like these several times a week. Following @mwill_crypto will allow you to read them hot off the press. If you loathe a clogged feed then, by all means, give me the flick and follow @NuggetsNewsAU instead. They actually do interviews and what not. Whereas I…well I just tweet about them!