Last week, I had the opportunity to do my first Facebook and YouTube Live Stream with Gary A. Fowler, venture capitalist, CEO, and Co-founder of GSD Venture Studios. We not only had a brief discussion about the ‘Connectivity of the Global Private Capital Markets in a Decentralised World’ but had a candid conversation ranging from […]
Bitcoin Turns 11 Today
Happy Birthday, Bitcoin! This evening 11 years ago, on January 3rd, 2009, someone pressed a button on his (or her) keyboard and created a new currency. There was no paper, gold, or silver backing it, just bits and 31,000 lines of software code with a simple announcement on the Internet. Along with a 9-page Whitepaper […]
Tension Rising at Facebook Libra
The regulatory pushback on Facebook’s digital currency project Libra appears to be putting the frighteners on some of its commercial partners, with several companies currently considering their positions, according to the FT. The news comes after reports emerged that competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook’s plans, […]
Stable-coins are not the future of Crypto
The future of stablecoins isn’t really about stablecoins, but cryptocurrency as a whole. The ebb and flow of the cryptocurrency market continues to be volatile and far from predictable. The good news is that there is a solution that could disrupt and “stabilise” the cryptocurrency market. This solution is already in use. We are talking about stablecoins. Stable-coins […]
Ethereum could become the first public blockchain on Hyperledger
Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project. Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with […]
Ripple Partnership Provides New Payment Rail for UK Remittance Firm
Distributed ledger startup Ripple has added a new client to its global settlements platform, RippleNet. UK-based remittance firm, Xendpay, announced a partnership with Ripple that allows the firm to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand. According to a statement published August 21, RippleNet supports currencies that were previously inaccessible to the remittance firm. […]
Facebook’s Libra faces anti-trust review by EU watchdogs
Competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook’s digital currency project Libra. The European Commission is “currently investigating potential anti-competitive behavior” related to the Libra Association amid concerns the proposed payment system would unfairly shut out rivals, the EU authority said in a questionnaire seen by Bloomberg and […]
Erik Finman, the teenage bitcoin millionaire
A cryptocurrency entrepreneur who became a bitcoin millionaire when he was still a teenager has launched a new venture that he claims will “kill” Facebook‘s Libra. Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first “all-in-one” cryptocurrency payments app and will change the way people send and receive money. Erik Finman, the teenage bitcoin millionaire. “We’re going to […]
World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds
The World Bank has issued a second round of its landmark blockchain bonds. The international financial institution raised another $50 million AUD ($33.8 million U.S.) by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia (CommBank), which managed the sale jointly with RBC Capital Markets and TD Securities. Both new and existing investors participated, CommBank […]
How Do Ethereum Smart Contracts Work?
Agoric’s plans for smart contracts that span multiple blockchains If you think smart contracts began with Etherum or even Nick Szabo think again. Dean Tribble, founder and CTO of Agoric, claims they go all the way back to 1989, when Tribble, Mark Miller, now chief scientist at Agoric and others were working on at the American […]