Nasdaq open to becoming a cryptocurrency exchange, Myetherwallet hack, Sequoia sue Binance.

The News

• Nasdaq’s CEO announced that the exchange is open to becoming a cryptocurrency exchange, when enough regulation is in place to protect investors. At the same time she also announced a collaboration with Gemini, one of the large American cryptocurrency exchanges. cnbc
• One of the popular ethereum wallets was hacked on Wednesday leading to the loss of roughly $150,000 USD. In this hack it wasn’t the wallet itself that was targeted, but the routing infrastructure of the internet itself. theverge
• Sequoia have sued the founder of Binance, the world largest cryptocurrency exchange, over a deal that went awry. bloomberg
• A vulnerability in ethereum’s smart contracts was found, causing a large number of exchanges to pause trading on Tuesday. It has since been resolved. coindesk

Capital

• Japanese investment giant SBI Group have joined a $10M round in Templum, an American company building a blockchain-based exchange for securities. businessinsider
• Orchid, the company who raised seed from Andreessen Horowitz and Sequoia last year, have raised $36M so far in a ICO according to documents filed with the SEC. coindesk

Adoption

• Sony applied for a patent that uses the blockchain to store digital rights data. uspto
• BBVA completed the world first corporate loan transaction using distributed ledger technology. bbva
• South Korean telecom giant, SK Telecoms, is launching a blockchain to authenticate customers identities. coindesk

Market:

• The rising trend continued with the overall market cap reaching $435B (up from $380B) on Wednesday. It fell 13% on Thursday, following the news of the ethereum wallet hack, but has since recovered finishing the week at $415B. Bitcoin was up 8% for the week and is currently at $9,200 USD. Ethereum was up 11% and finished the week at $660 USD.