Markets

• Price per Bitcoin BTC is at ~$2749 USD (+38% from last Monday)
• Price per Ether ETH is at ~$226 USD (+38% from last Monday)

Articles

• Bitcoin fraud suspect arrested in Greece by BBC
• Bitcoin Split Is Nothing to Fear from Bloomberg Views
• Bankers Ditch Fat Salaries to Chase Digital Currency Riches by Bloomberg Tech
• A new digital currency is about to be created as the bitcoin blockchain is forced to split in two by CNBC
• Russian National And Bitcoin Exchange Charged In 21-Count Indictmentby US Dept. of Justice
• Monetary Authority of Singapore (MAS) clarifies regulatory position on the offer of digital tokens in Singapore by Monetary Authority of Singapore
• Bitcoin Cash: Why It’s Forking the Blockchain And What That Means by Coindesk
• $110 Million: BTC-e Fined as US Vows Crackdown on Unregulated Bitcoin Exchanges by Coindesk
• Start Your Hedging: LedgerX to Begin Trading Cryptocurrency Derivatives by Coindesk
• Hacker Steals $8.4 Million Worth of Ethereum From Veritaseum Platformby Bleeping Computer
• SEC: US Securities Laws ‘May Apply’ to Token Sales by Coindesk
• SEC to blockchain community: You are now regulated by Venture Beat
• Ethereum miners are renting Boeing 747s to ship graphics cards and AMD shares are soaring by Quartz

This week’s new initial coin offerings (ICOs)

• Smart Investment Fund (SIF) is a fund that will trade blockchain assets using volume analysis algorithms.
• It is raising capital through an ICO with the SIFT token.
• SIFT will be publicly tradable on exchanges and each token will receive monthly dividends based on the fund’s performance.
• After the ICO concludes, SIF will convert the ETH raised into USD/EUR/GBP.
• SIF will then trade cryptocurrency pairs (BTCUSD, LTCUSD) based on proprietary algorithms, all trades will be carried out by a human.
• At the end of each month, half of the profit will be distributed to SIFT holders and the other half stays in the fund to increase AUM.
• Each SIFT token will have 1 voting right on future investments decisions proposed by the fund.
• The ICO is uncapped and begins on August 1 until September 15. The exchange rate is 1 ETH per 100 SIFT.

• Brickblock is building a platform that offers Coin Funds, Exchange Traded Funds (ETFs) and Real Estate Funds.
• All transactions between investors and fund managers will be executed through smart contracts.
• Brickblock is minting the Brickblock token (BBT) which will give mining right to its holders to create Access Tokens (ACT).
• ACT is what is needed to make transactions on the Brickblock platform for Users, Broker-dealers and fund managers.
• To create ACT, users must lock in their BBT in a smart contract.
• The smart contract will then pay out ACT on a weekly basis depending how long the BBT is in lock up.
• ACT can be sold to other users so they can access the platform. A total of 500 Million BBT will be created.
• 51% will be sold in the 2-phased crowd-sale. 35% will be in company lockdown for minimum three years.
• The first crowd-sale starts on August 2 and last for five days. The first 24 hours will have an exchange rate of 1000 BBT for 1 ETH, each hour will see a 25 BBT decrease in the exchange rate (975, 950, 925, 900).
• The second crowd-sale is planned to start in late September or early October and will last for 4 weeks.