News > Blockchain, Financial Services

Finding a Path Forward For Blockchain
Innovation is never easy. There are almost always failures, mistakes and doubts that stand in the way of any attempt to change the world: Apollo 1 caught fire on the launchpad and killed its three astronauts before Apollo 11 took man to the moon; the Wright Brothers' first flight lasted just a hair under a minute and was met largely
24 Fun Bitcoin Facts And Figures (That Will Make Your Head Spin)
The following infographic is courtesy of ICOWatchlist.com. It's published here with permission. A new cryptocurrency was born on 31st of October 2008, its name was “Bitcoin” and it has been surrounded by mystery, conspiracy theories, and confusion (not to mention a couple of disasters) ever since. Here is an alternative to the usual Bitcoin nguides which covers 24 of the
UBS Economist: Cryptocurrencies Are 'Fatally Flawed'
It's often said that you should never kick people when they're down, but does that same general rule of decency apply to cryptocurrencies? Apparently it doesn't, at least if you're UBS Wealth Management's global chief economist Paul Donovan. Even when Bitcoin was soaring toward record highs a year ago this month, Donovan remained skeptical, telling CNBC at the time that
SEC Charges DJ Khaled, Floyd Mayweather Jr. With Illegally Promoting ICOs
The Securities and Exchange Commission charged music producer DJ Khaled (real name Khaled Khaled) and boxing champ Floyd Mayweather Jr. with failing to disclose payments they received for promoting investments in a series of initial coin offerings (ICOs). Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement,
Playing the Long Game With Cryptocurrencies
Let's get this out of the way right here at the beginning: As we enter the final month of 2018, there is no reason to be optimistic about the prospects of Bitcoin, at least if for some reason you're still holding out hope for a turnaround in 2018. If your confidence in Bitcoin was already shaken by its dreadful performance
Fred Wilson on Crypto Plunge: 'Things Will Get Worse Before They Get Better'
Fred Wilson is a man who knows the peaks and valleys of finance, having been an investor during the boom and bust of the dotcom era in the late '90s and early 2000s. Wilson, co-founder of the New York City-based Union Square Ventures, was also an early investor in Bitcoin. In a blog post published this week, Wilson drew parallels
Blockchain Startup Proposes Communes for San Francisco’s Homeless
It’s so Bay Area. Hours before an election in which San Francisco voters voted to approve a new tax (Proposition C) to fund homeless services, I got a PR pitch from a cryptocurrency-based real estate company suggesting that the city beta test an agricultural commune to help solve its homelessness problem. Software developer Natalia Karayaneva, CEO of Bay Area real
Nippon Wealth, Shinsei Bank Team up With Blockchain Startup ConsenSys
Nippon Wealth is looking to “bring innovation to the fintech space,” and apparently, it brought in some big guns to help it. According to a press release, the Hong Kong-based wealth manager has made an alliance with Japanese finance giant Shinsei Bank, Singaporean private equity firm Tribay Capital, and Brooklyn-headquartered blockchain startup ConsenSys. Through it, Nippon Wealth aims to “explore
The Future of Cryptocurrency: A Chat With Elixxir CEO David Chaum
In the 10 years since "Satoshi Nakamoto" developed bitcoin and created the first blockchain database, companies like Elixxir have further revolutionized and specialized the digital currency's capabilities. With a focus on speed and security, Elixxir has enabled the processing of hundreds of thousands of transactions each second through the convenience of a smartphone app. The Founder CEO and founder, David
SoftBank Has a New Fund That's Investing in AI-Focused Startups
Having already poured a windfall of cash into tech companies via its $100-billion Vision Fund, SoftBank has now opened the coffers on a new AI-focused fund and made its first investment in a startup outside of Japan, as Business Insider reports. SoftBank's $52-million Deepcore Fund contributed to a $29.5 million fundraising round for the San Francisco-based startup Engineer.ai, which allows