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Central bankers claim bitcoin could break the internet — the crypto world thinks they’re missing the point
The Bank of International Settlements on Sunday said bitcoin is "a poor substitute for the solid institutional backing of money." Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn't be judged yet.
The crypto boom is like the dotcom bubble but that’s not a bad thing: ‘Selling crypto now is like selling Apple in 2001’
Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. But those that do survive have the potential to be huge, he believes.
Grammy Award-winning musician Imogen Heap is using ethereum and the Harry Potter musical to fund her blockchain project
Heap wants to create a blockchain-based app that will allow musicians to store all the information about their work in one place. Currently, no central repository exists for information like publishing rights, recording rights, and composition rights.
Everything you need to know about Tether, the cryptocurrency academics claim was used to manipulate bitcoin
Tether is in the frame again after a paper from the University of Texas at Austin claiming it was used to manipulate the price of bitcoin.
Argo Blockchain plans to raise £20 million through an IPO on the London Stock Exchange. The company is launching a subscription service to let people mine cryptocurrencies through their phones or computers.
Eigen Technologies uses AI to read and analyse complex contracts and documents in fields such as law and finance. Goldman already uses Eigen, as do Linklaters, ING, and Evercore.
A small startup is developing a tool to make money from ‘insane’ cryptocurrency spreads — and hedge funds are interested
Arbitraj LLC has built a tool to allow people to compare price spreads of cryptocurrency exchanges and is working on a trading tool to take advantage of them. The early-stage company has been approached by hedge funds keen to take advantage of the opportunity.
The crypto industry has taken some hits since the beginning of 2018, with Bitcoin’s price dropping over 60% earlier this year and initial coin offerings (ICOs) experiencing slowing activity.
Peter Thiel's Valar Ventures has led a $30 million funding round for Coya, a Berlin-based startup trying to build a digital insurance platform pitched at millennials.
"We’re seeing some academic institutions getting involved on a limited basis for strategic reasons," said John Lore, the founder pf Capital Fund Law Group. The group has advised around 30 crypto hedge funds on setting up.