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Bitcoin Daily: ‘DeFi' Becomes Popular Crypto Rebranding Term; G7 Expresses Concern Over Ransomware

PYMNTS

In one instance, Tron’s TRX coin’s market value is linked to the Sun Genesis Mining DeFi coin and spiked by $800 million in the three days following the new token’s unveiling. The rebranding initiatives in a number of instances are bringing about a rise in crypto prices last observed in at the height of 2017’s bitcoin bubble.

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Bitcoin Daily: Mark Cuban Prefers A ‘Pet Rock’ To Bitcoin, UK Warns PC Users Of ‘Cryptojacking’

PYMNTS

The owner of the account, who has remained anonymous, apparently prefers bitcoin’s rival cryptocurrency – bitcoin cash – that split from bitcoin. From day one, Bitcoin was marketed to the world as a fast & cheap global payments network. In other news, Mark Cuban of “Shark Tank” fame is not crazy about bitcoin, NewsBTC reported.

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The Surprises Edition: Ethereum, PayPal And The Fed

PYMNTS

” Such was the difficulty on the Ethereum cryptocurrency network this week, when a few hundred million dollars (no specific amount has been released yet) were frozen due to a vulnerability in the wallet. We’d say, don’t bank our future on cryptocurrency – but of course we already knew that. (Peanuts and sardines come to mind.)

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Banking news roundup

American Banker

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Why initial coin offerings will not replace venture capital for startups

Bussman Advisory

There are also parts of the ICO market that need to mature before it can attempt to replace venture capital. There is disparity between jurisdictions and most countries have yet to address cryptocurrency tax questions in a meaningful way. Various initiatives are underway to improve regulation, security and investor protection.

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