[CONFIDENTIEL] Bitcoin, Ether, Ripple and the others, Venture capital in Europe, Google under the sea, Maersk and IBM …

by bold-lichterman

Bitcoin fell 15% in 24 hours, slipping below the 10,000 euros ($ 12,000) mark. It traded at 9,815 euros on Tuesday at 3:20 p.m. Paris time on the Coinbase exchange. Ether fell 14% compared to Monday, to 908 euros. Ripple slipped 23% according to Coinmarketcap. According to TechCrunch, these are also all the first 100 cryptocurrencies that have fallen heavily, with the exception of Tether.

Even if it is difficult to isolate with certainty the causes of the crash in an environment known for its extreme volatility, recent warning shots from authorities and financial regulators in several countries appear to be reaching the markets.

CONFIDENTIEL Bitcoin Ether Ripple and the others Venture capital in

In South Korea, a country seized with strong cryptomania, the situation, still confused, is blowing hot and cold on the markets: last week, the Minister of Justice spoke of an upcoming ban on cryptocurrency exchanges, before the Presidency backpedals on the subject. Today, according to Reuters, it is the Minister of Finance Kim Dong-yeon who is said to have expressed himself in favor of a regulation to contain the “irrational” craze which has gripped the population.

China is also preparing to take another turn: after banning ICOs (Initial Coin Offerings), then ordering the closure of domestic trading platforms in September, the country would like to control or even ban mining farms ( largest community in the world) and according to Bloomberg today, outright blocking local access to foreign exchange platforms. The authorities have not yet responded to requests from the American media on this subject.

Bitcoin had exceeded 16,000 euros ($ 20,000) last December. This is not the first time that the cryptosphere has suffered significant losses, which have so far not prevented it from recovering. Some observers even predict that the price will start to rise again as soon as Wall Street traders cash in their bonus this month.

Do you want to know more about crypto currencies and the blockchain?
FrenchWeb is organizing its FrenchWeb Day Special Crypto Currencies the February 15.

CONFIDENTIEL Samsung is taking on bitcoin

While the number of venture capital investments in technology companies around the world has almost collapsed by half since 2014, the sector has seen a nice upturn in Europe over the past year. Indeed, venture capital investments in the “Old Continent” increased by 26.9% in 2017, driven by the imposing round tables of British start-ups, according to Dow Jones VentureSource.

CONFIDENTIEL Bitcoin Ether Ripple and the others Venture capital in

In total, European start-ups raised 17.52 billion dollars last year, against 13.81 billion dollars in 2016. Against all expectations, despite Brexit, the United Kingdom remains by far the European country which generates the most venture capital investment. During the last three months of 2017, British start-ups even represented almost half of the $ 4.27 billion collected by all European start-ups over the period. At the end of 2017, British start-ups Truphone and TransferWise raised $ 353.68 million and $ 294.36 million respectively.

After the United Kingdom, German start-ups ranked second in Europe in the fourth quarter of 2017 with $ 724.52 million raised. France completes the podium with 410.06 million dollars raised by its young shoots.

IBM and Danish transport giant Maersk today announced the creation of a joint venture, the ambitious goal of which is to redefine the global shipping industry in the blockchain era.

For the new company, which has not yet been named, it will be about digitizing and simplifying a complex process, the high degree of red tape and bureaucracy of which has changed little since the 1950s. of blocks opens up new prospects for efficiency, rationalization and standardization of information flows. Thanks to blockchain and smart contracts, it will be possible to have streamlined administrative procedures and a real-time and transparent view of the movement of goods.

1605339232 622 CONFIDENTIEL Bitcoin Ether Ripple and the others Venture capital in
Credit: SergeevDen / Shutterstock.com

According to Maersk, in its press release, “More than $ 4 trillion in goods is shipped each year, and 80% of the goods we use every day are transported by sea. Commercial documentation for moving goods can reach 20% of the cost of physical transport. According to the World Economic Forum, by improving the international supply chain, global trade could gain 15% with a positive impact on economies and jobs. ”

Maersk and IBM have been working on the solution since 2016. Some companies or bodies like DuPont, Dow Chemical, Tetra Pak, Port Houston, the port base of the Rotterdam port system, the Netherlands customs administration and the US customs the have already tested.

The success of this “Platform for the digitization of international trade” will be dependent on its adoption by market players. Based on open standards and designed for use by the entire global shipping ecosystem, it will be available mid-2018.

Maersk carries one in seven containers in circulation around the world. The Danish company separated from its energy activities in 2017 to focus on transport and logistics. Last August, she was hit by the global Petya ransomware, which reportedly cost her between $ 200 million and $ 300 million.

1605339233 318 CONFIDENTIEL Bitcoin Ether Ripple and the others Venture capital in
Photo credit: Shutterstock

Google announces the deployment of 3 new submarine cables to develop its Cloud activity. These networks will be in service by 2019.

The first cable, nicknamed Curie (in reference to Marie Curie), will connect Chile to Los Angeles. The goal is to deploy the cloud across America. The second will leave the United States to arrive in Denmark and then in Ireland. Called Havfrue, the cable will be developed in partnership with Facebook and implemented by TE SubCom, a provider of underwater communications technologies and maritime services. Finally, the third will be extended from Hong Kong to Guam in order to reach Google customers in Australia and more widely in the Pacific region. Google has announced that it has already spent $ 30 billion on infrastructure over the past three years, “And we’re not over yet. “

It is an infrastructure race between tech giants that takes place under the sea: last September Microsoft and Facebook deployed the fastest cable in history, Marea, between Bilbao in Spain and Virginia Beach, in United States. Amazon, Facebook and Softbank have come together to connect Asia to North America with the Jupiter cable.

Google also announced in the same press release that it has already spent $ 30 billion on infrastructure over the past three years, “And we’re not done yet. “