• Technology

    Bitfinex CEO says $850 million NY Attorney General called ‘lost’ was actually seized

    Weekend email to crypto exchange’s users does not say how or why those funds were seized by authorities of four countries including the U.S. and U.K.

    In disputing the New York State Attorney General’s claim that embattled cryptocurrency exchange Bitfinex and stablecoin-issuer Tether have lost $850 million, the CEO of the two firms’ parent company has raised a bigger question: why have four governments, including the U.S. and U.K., seized its money?

  • This came up when we searched "logistics" so we're going with this graphic (via Pixabay).
    Technology

    Deloitte: Blockchain adoption growing fast in the supply chain industry

    Report says blockchain technology use will grow more than 600% in five years

    While blockchain technology has only just begun to gain a foothold in the supply chain management industry it will surge dramatically over the next decade, according to a new survey by logistics and supply chain association MHI and consulting firm Deloitte.

  • Christie 's
    Innovators

    Art on the block: Christie’s big bet on blockchain

    Financial innovation unlocks gig economy for artists

    Last month in New York City, legendary auction house, Christie’s, set a world record by fetching $323.1 million for the Ebswoth Collection of works by American Modernists masters Edward Hopper, Willem de Kooning, Jackson Pollack, Georgia O’Keeffe, Alexander Calder, Joseph Stella, Charles Demuth, Charles Sheeler, and others. Not only did the auction shatter records for the highest prices ever secured for a collection as well as for 13 individual artists, but it also was the first art sale of this magnitude recorded on the blockchain. Partnering with Artory, a blockchain-based registry that tracks provenance for art and collectibles, Christie’s is leading the way in bringing mass adoption of the blockchain…

  • news
    Bitcoin,  Ethereum,  Latin America,  Litecoin,  Media,  United States

    Must-reads for August 20, 2018

    Here are the crypto stories you should be watching today

    Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela (Reuters) The hell-on-earth created by Hugo Chavez and his equally noxious successor, Nicolas Maduro, has led to swaths of starving people eating their pets and zoo animals. However, for HODL bros, Maduro is an enlightened leader of a nation that now has a fiat currency officially pegged to its own cryptocurrency, the petro. That means a 96 percent instant devaluation of the bolivar. Remember, kids: Danish socialism is what they try to sell places like Park Slope and the suburbs but the reality usually looks like Venezuela.   The blockchain bonanza is over for graphics card makers (Ars Technica) Remember when Nvidia’s…