Bitcoin wallets could be hacked by quantum computers by 2025 but there’s hope
WHY THIS MATTERS IN BRIEF Quantum computers will soon be so powerful they could crack 70% of the world’s encryption systems, so researchers are racing to find a solution. Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, connect, watch a keynote, or browse my blog. This year...
Green Bitcoin alternative Chia causes global hard drive shortages
WHY THIS MATTERS IN BRIEF Bitcoin’s energy consumption is huge, rivalling most nations, and its unsustainable so people are trying to create “green” alternatives. Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, connect, watch a keynote, or browse my blog. Bitcoin and other cryptocurrencies that run on...
Bitcoin is helping human rights activists avoid government crack downs
WHY THIS MATTERS IN BRIEF If you want to suppress people you do two things – send in the military and cut off their funding, and Bitcoin is making the latter harder. Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, connect, watch a keynote, or browse my...
India drafts legislation to ban private cryptocurrencies like Bitcoin and develop a national coin
WHY THIS MATTERS IN BRIEF Cryptocurrencies and especially Bitcoin seem to freak most governments out because they reduces the state’s control of money, India could be setting a new global precedent. Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, connect, watch a keynote, or browse my blog....
Microsoft just patented a way to let you mine cryptocurrency with your mind
WHY THIS MATTERS IN BRIEF Exponential technologies are helping us realise the dream of being able to create money with our minds. Interested in the Exponential Future? Connect, download a free E-Book, watch a keynote, or browse my blog. Not much has happened in the payments space for a while now, that is unless...
JP Morgan becomes the first major US bank to roll its own crypto coins
WHY THIS MATTERS IN BRIEF Bitcoin may have its critics, but noone can argue the impact that cryptocurrencies have had on the world, and now one of the US’ biggest banks is jumping on the bandwagon. With talks of China creating the first blockchain based national cryptocurrency and Ohio...
Ohio becomes first US state to let people pay business taxes in Bitcoin
WHY THIS MATTERS IN BRIEF Many investors have said Bitcoin will take off when you can pay your taxes with it, well that time might be getting closer. There’s a lot of legal uncertainty in the US surrounding cryptocurrencies, and many other investors, like Kevin O’Leary ABC show Shark Tank fame,...
After the goldrush comes the crash, over 800 cryptocurrencies are now dead
WHY THIS MATTERS IN BRIEF Every market has its successes and failures and just like any investment ICO’s can gain and loose value too, making due diligence as important as ever. Anyone who reads any sort of business newspaper will know that cryptocurrency projects have been popping up left,...
Basis creates a stable crypto currency, raises $133m from A-list investors
WHY THIS MATTERS IN BRIEF The value of Bitcoin and other cryptocurrencies swing wildly by the day making them almost useless as a medium of exchange, Basis has designed a stable cryptocurrency and if it works it “could replace money”. On its debut nearly a decade ago, one of...
Companies have a plan to fix blockchain’s massive energy problem
WHY THIS MATTERS IN BRIEF Processing Bitcoin is now consuming more energy than Denmark uses in a year, and as cryptocurrencies become increasingly popular their energy consumption is, literally, starting to affect the planet. You’d have to be almost deaf and blind to not notice that at the moment...
Infographic: The Future of Money
WHY THIS MATTERS IN BRIEF The future of money is an emotive topic but it can be characterised by being cashless, digital, and varied. A little while ago at the iGaming Show in Amsterdam I was asked to present a keynote on “The Future of Money” and then, shortly...
Ditch your telco provider, Blockchain based Mesh networks are coming to town
WHY THIS MATTERS IN BRIEF Connectivity is ubiquitous, so we’re told, but today all these different communications channels are siloed and isolated, over the next decade, or two, devices will be able to hop between them all at will. Mesh networks, which ironically are the very same sorts of...
Blockchain entrepreneurs are helping utilities re-invent the powergrid
WHY THIS MATTERS IN BRIEF The power grids used by most countries were born in a different era, but now, thanks to new technologies like blockchain, grid scale storage and renewables, they’re about to get upgraded. Imagine the scene, a power pole collapses at 8PM on a hot night...
Chinese Government orders the “immediate shutdown” of all Bitcoin exchanges, BTC balks
WHY THIS MATTERS IN BRIEF Bitcoin shows no sign of stopping or slowing down so regulators and governments are now starting to take the regulation and “management” of the “stateless crypto economy” more seriously A little while ago I gave a talk on the Future of Money, which is...
A secret trader just made over $200 million in a month trading Ethereum
WHY THIS MATTERS IN BRIEF Many speculate that cryptocurrencies like Bitcoin and Ethereum are riding bubbles that are about to pop, but as the adoption of cryptocurrencies, by individuals, organisations and governments increases it’s likely they’re wrong An unknown cryptocurrency trader turned $55 million of paper wealth into $283...
Wall Street supremo’s pile into a new AI hedge fund dubbed the future of finance
WHY THIS MATTERS IN BRIEF Until now the financial services industry has never been able to benefit from a network effect, but that’s about to change and it could tip Wall Street on its head. The “Network Effect” is a phenomenon known the world over, it’s where a service...
Goldman Sachs wants to put FX trades on the blockchain
WHY THIS MATTERS IN BRIEF Using a blockchain will allow Goldman to settle FX trades in real time, without the need for expensive intermediaries and without compromising compliance, integrity or security. Trading currencies is costly and slow for traders at major financial institutions – transactions need to go through...
Sweden wants to become the worlds first cashless society
WHY THIS MATTERS IN BRIEF With the use of cash diminishing around the world Governments are beginning to prepare themselves for a cashless future. The use of cash in Sweden has dived by 40% since 2009 when the central bank decided to rescind the country’s highest denomination banknote and now, faced...
Bitcoin slumps twenty percent after $65m Bitfinex hack
The Bitfinex heist is the latest is a growing line of high profile heists that are undermining confidence in the crypto currency The price of the virtual currency Bitcoin fell sharply Tuesday after Hong Kong-based digital-currency exchange Bitfinex said it was hacked, resulting in the possible theft of $65 million...
