"A top Visa executive has launched one of the most outspoken attacks yet from the financial establishment on the bitcoin craze, saying cryptocurrency was used by “every crook and dirty politician” and speculators who have “no clue”. In an interview with the Financial Times, Vasant Prabhu, chief financial officer of the world’s biggest payment network by market...
"When the governor of the Bank of England speaks, markets take note. When he talks about cryptocurrencies then it’s pens-down time for us all. Most of the attention, understandably, on Mark Carney’s speech on Friday focused on his calls to bring parts of the crypto ecosystem into the “regulatory tent”. So far, so predictably central-bank governor. But it was a...
"I just read an interesting new report from Deloitte about blockchain. They tracked the history of 86,034 blockchain projects hosted on GitHub since 2009 to pull out “key lessons” on where the blockchain industry is going and its long-term prospects. Here are some of the highlights: More than 26,000 blockchain projects were started in 2016, of which 9,000 were...
"Blockchain has the potential to transform our world. Experts insist the technology is “bigger than the internet,” but we may want to take a beat before we put everything from our money to our health records on blockchains. According to a new study, the technology isn’t nearly as secure as we thought. Back in 2009, Bitcoin set the blockchain revolution in motion...
"Given the turbulent, even frothy environment for disruptive digital technologies, one novel entrant promises to be among the frothiest: blockchain. The secure distributed ledger technology behind Bitcoin, blockchain has exploded out of the realm of the dubious cryptocurrency into a hype-driven category of its own. VC money is pouring into numerous blockchain...
Several months ago, a Kenyan friend asked me if she should invest in Bitcoin. She had no clue what Bitcoin was. Two weeks ago, an acquaintance asked me to join him in buying Bitcoin. He invested a large amount. Despite recent price decreases, he still had a profit. I strongly advised him to cash his Bitcoins. He was reluctant to do so as he expects the price to go...
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