Bitmain, the dominant cryptocurrency mining leader, is filing for an initial public offering (IPO) potentially for as much as $18 billion this September at a market capitalization of $40 to $50 billion. It will be listed on the Hong Kong Stock Exchange in late in 2018 or early in 2019. Bitmain closed a $1 billion …
Overstock’s blockchain investments now provide 60% of the firm’s total value and the blockchain investments will drive the price to $112, an almost 150% increase from their current level according to Tom Forte, an analyst with D.A. Davidson. Overstock has a cryptocurrency unit called tZERO as well as a subsidiary named Medici Ventures that invests …
Steve Wozniak will be the headline keynote speaker of the Crypto Invest Summit (CIS) in Los Angeles. CIS is leading an effort to open up mainstream access to crypto and blockchain, which until now has been for insiders and techies. Steve Wozniak co-founded Apple’s with Steve Jobs. He has been an early blockchain and cryptocurrency …
The creator of Ethereum, Vitalik Buterin, talked about his vision for enabling global open platforms and positively impacting human economic coordination. This will be via * censorship resistance * trust minimization * decentralization * Fraud Resistance * Robustness Vitalik discussed those goals and benefits in more detail after talking about Ethereum being vastly less efficient …
The Dubai International Financial Centre (DIFC) Courts and Smart Dubai are making the first Court of the Blockchain. They will expand existing dispute resolution services and explore how to aid verification of court judgments for cross-border enforcement. The plan is to streamline the judicial process, removing document duplications, and driving greater efficiencies across the entire …
Many people are worried about their future jobs and about long recessions and economies collapsing. There is a good chance that there will be a strong global economic and technological boom throughout most of the 2020s and 2030s. Instead of 3% average annual World GDP growth the 2020s could see 4-6% annual GDP growth. Communication …
Tau is a blockchain system that intends to remove bottlenecks in large-scale human communication and accelerate productivity in human collaboration. They will use logic based Artificial Intelligence. Users can make statements to their Tau client. The Tau network matches consensus among its users in real time. Users choose to share selected opinions and preferences. The …
The dot-com bubble was a historic economic bubble ran from 1997 to 2001. It was a period of extreme growth in the usage and adaptation of the Internet. Between 1995 and 2000, the Nasdaq Composite stock market index rose 400%. It reached a price–earnings ratio of 200. From March to November 2000, internet stocks dropped …
China now has more than 4,000 companies with blockchain in their name. (Qixin search) Blockchain is the technology behind cryptocurrencies like bitcoin and ethereum. Qukualian, the Chinese translation of blockchain, was used in the registered names of 3,078 companies so far in 2018. 555 companies applied to use names with the chinese word for blockchain …
Mastercard has a patent managing fractional reserves of blockchain currency. The Mastercard patent deals with: * storing, in a first central account, a fiat amount associated with a fiat currency; * storing, in a second central account, a blockchain amount associated with a blockchain currency; * storing a plurality of account profiles, each profile including …
Oasis Labs is building a privacy-first, high-performance cloud computing platform on blockchain. Oasis created the Ekiden platform. Ekiden is a system for highly performant and confidentiality-preserving smart contract execution. To the best of their knowledge, Ekiden is the first confidentiality-preserving smart contract system that can perform thousands of transactions per second. The key to this …