Vitalik Buterin is the brains behind what some say is the next generation of bitcoin, called Ethereum.
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A few days ago, a startup called Bancor raised around $153 million in two hours and twenty-five minutes. The ICO, short for initial coin offering, followed several similar, equally successful funding events, and the numbers are rising. Prediction market Augur raised around $5.2 million over two months in 2015; this year, its competitor Gnosis raised […]
Bytecoin, an untraceable privacy-preserving cryptocurrency, has just seen an astronomical triple-digit percent surge in price. The cryptocurrency soared to the all time high market capitalization of $444,000,000, before calming down to around $300,000,000 and establishing itself at the top 10 cryptocurrencies by market capitalization at the time of writing (according to CoinMarketCap). A symbolic turning […]
We can get rid of bad bosses once and for all. At least that’s the promise of a radically new type of organization based on blockchain technology. It’s called a Decentralized Autonomous Organization and it has no CEO, CFO, or VPs. In fact, there’s no hierarchy at all. Of course, any time you bring people together in […]
“Code is law,” as described in Lawrence Lessig’s book ‘Code and Other Laws of Cyberspace’, refers to the idea that computer code has progressively established itself as a predominant way to regulate behavior to the same degree as legal code. With the advent of blockchain technology, code is assuming an even stronger role in regulating […]
Even years into the deployment of the internet, many believed that it was still a fad. Of course, the internet has since become a major influence on our lives, from how we buy goods and services, to the ways we socialize with friends, to the Arab Spring, to the 2016 U.S. presidential election. Yet, in the […]
The alleged lack of available talent for blockchain industry jobs was high on the agenda at the DTCC’s Fintech Symposium, held at the Grand Hyatt in New York City yesterday. There, executives from a wide range of companies took turns addressing an audience of several hundred financial industry executives to express their concern about what they believe […]
In a major price surge, Dash has nearly doubled market cap over the last month, overtaking Litecoin and Monero to become the fourth most valued cryptocurrency. This week one year ago, Dash was the #7 ranked cryptocurrency with a market cap of about $23 mln. This number grew steadily over the course of the year, finishing out the year with […]
2016 was a banner year for artificial intelligence. Alpha Go’s victory over Lee Sedol was perhaps one of the most important, but we saw advancements in self-driving cars, the continued embrace of bots and personal assistants for retail, adoption and competition around in-house assistants like Amazon Echo, along with frequent, sometimes weekly, breakthroughs on the […]
The virtual currency has continued its breathtaking rise surging past $1,000, after already winning the crown of the best-performing currency in 2016 by more than doubling its value in the course of the year.