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...
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