• Venture capital, grinding everyone's gears (via Shutterstock).
    Technology

    VC investments fall sharply, but blockchain usage rises

    CB Insights predicted start-up funding will drop 60%, but IDC said spending on blockchain implementation will double

    A new report from CB Insights said investments in blockchain technology start-ups have tanked so far in 2019, and could end the year 60% lower than 2018. But the interest in the technology in the corporate world appears to be booming, with Fortune 500 companies investing more time and effort in bringing blockchain projects to fruition.

  • Ohio state capitol
    Cryptocurrencies,  Innovators,  Regulation,  United States

    With political chaos behind it, Ohio legislature can now move forward on blockchain bill

    Buckeye State looks to compete with Arizona as one of the most blockchain-friendly places to do business

    Ohio is hoping to redefine itself as being at the vanguard of 21st century technology. But for the past few weeks, there was a problem: 19th century-style politics causing chaos in the state capitol. Now with a new House Speaker, there’s hope the Buckeye State will return to pushing a blockchain-welcoming agenda. Three weeks ago, State Senator Matt Dolan (R-Chagrin Falls) introduced SB 300, otherwise known as “Revise Electronic Transactions Act/blockchain/smart contracts,” to the Ohio state senate. The bill has a very simple but important task: update the state’s electronic signature laws to include letting smart contracts on blockchains serve as legally binding contracts. Doing so would put Ohio up…

  • ICO white paper
    Cryptocurrencies,  Innovators,  Opinion,  United States

    Why most ICOs will fail

    A long chat with the team from Monetago, a blockchain company that never did—and will never do—an initial coin offering

    Almost every day, I get an email about a hot new initial coin offering (ICO). These come from tech companies selling their future services. In my stock portfolio, I’m happy to find anything that can give me 10 percent return over the course of a year. These days you can measure a crypto portfolio in 2x, 3x, or even 10x (as in, 1,000 percent). But lately, all this good news has been bothering me. The financial magic works like this: imagine if someone builds a casino in your neighborhood and they fund the entire operation by selling their poker chips ahead of time. With that money, they will pay for…

  • Hudson
    Cryptocurrencies,  Distributed Leisure,  Innovators

    Entrepreneurs lament lack of diversity in blockchain and cryptocurrency

    Young male teams often just develop things their mothers no longer do for them

    [Modern Consensus columnist Michael Hillmeyer checked out the blockchain and cryptocurrency panels at the Propelify tech and music conference in Hoboken. Below is his review of the first panel, called, “Diversity in the Blockchain Industry and Why It’s Important to Get It Right Now”. Also check out his review of the second panel (“Is Crypto the Future of Money?”) and the third panel (“Is Blockchain the Answer to Big Data Problems AND Does Blockchain Create Existential Threats to Intermediaries?”)]   Just a few short weeks after braving the PATH Train for a blockchain and artificial intelligence coding event at Jet, we found ourselves back on the waterfront in Hoboken for…