When technology is disruptive, it’s labelled a category killer. Bitcoin, however, is more of a serial killer that will go through dozens of industries, according to Dan Morehead, CEO of Pantera Capital.
Last week, the Barney A. Ebsworth Collection sale at the Christie’s auction house in New York pulled in an eye watering $317,801,250. In the process, it became the most valuable art auction to be recorded on a blockchain, via a secure digital registry administered by Artory.
SIX Swiss Exchange has listed the world’s first crypto-based exchange-traded product (ETP).
IBM and Columbia University are launching two new blockchain technology accelerator programmes, as part of the Columbia-IBM Center for Blockchain and Data Transparency.
“There is friction when sending money from the US to the UK. As things stand, it is literally faster to grab a suitcase of cash, go to the airport and fly to London. With Bitcoin you can send it in a matter of seconds, and pretty much for free, routing around the payment rails that are very slow and expensive”
The Bakkt digital assets platform is now targeting 24th January 2019 as a launch date.
The Colorado Division of Securities has issued more cease and desist orders against allegedly fraudulent initial coin offerings (ICOs).
Colorado Securities Commissioner Gerald Rome has now signed orders for 18 ICOs, with the latest ones targeting Global Pay Net, Cred (doing business as Credits), CrowdShare Mining and CyberSmart Coin Invest. There are also at least two more pending.
Switzerland-based startup SEBA Crypto has announced a partnership with Loomis International to build deep cold storage for crypto assets as part of the development of its new bank.
The Norwegian government has scrapped a power subsidy for Bitcoin miners.
Blockchain technology firm Bitfury has added Korelya Capital co-funder Antoine Dresch to its board of directors and Annette Nazareth, a former member of the US Securities and Exchange Commission, to its advisory board.
“I don’t care whether tZero is losing $2 million a month. We think we’ve got cold fusion on the blockchain side”
Michael Lempres, who was named Chief Policy Officer in September after serving more than a year as its Legal Chief, is heading to Andreessen Horowitz, an early investor in Coinbase.
“Crypto has been so weak because most of it there’s no underlying value outside of confidence. But Bitcoin, itself, we think is going to replace gold eventually. Gold is an $8 trillion thing,” he says.
Patrick Byrne, Founder and CEO of Overstock, is looking to sell the retail arm of his company in the next few months and devote his time to blockchain projects.
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