Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock.com subsidiary focused on the advancement of blockchain technology. In 1987’s Black Monday stock market crash, Sam Walton, the world’s richest man, lost more than half a billion dollars in a few hours. When reached for comment, Walton said, “It’s paper anyway. […]

Bitcoin

Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s,” emphasizing that Bitcoin (BTC) is still in its early stages in an April 13 interview on CNBC’s Trading Block. When asked about Bitcoin’s potential, Kelly answered that while he used to see crypto as comparable to the Internet in 1995, he […]

Bitcoin

“If you or your engineer friend is bored at BigTechCo, get in touch.” The tweet, sent out by Coinbase vice president and general manager Dan Romero, represented a rare request from the San Francisco-based exchange. Despite building on various cryptocurrency protocols for years, it was perhaps the first time the company had signaled it would […]

Bitcoin

Pantera Capital Management, a hedge fund with a focus on cryptocurrencies, said in their April newsletter that Bitcoin’s (BTC) price of $6,500 was probably the low for the cryptocurrency, and that it was “highly likely” BTC’s price will reach above $20,000 this year, the Wall Street Journal (WSJ) reported Friday, April 13. In December of […]

Bitcoin

While Wall Street giants JP Morgan and Citigroup experienced strong first-quarter earnings, their share prices overall fell, the Wall Street Journal (WSJ) reported Friday, April 13. The WSJ reports that while equity trading revenue rose by 26 percent to $2 bln at JP Morgan, which also saw a 35 percent net profit rise, and Citigroup’s […]

Banks

Mayor-President Joel Robideaux of Lafayette parish, Louisiana proposed the parish government to create its own cryptocurrency and consider launching an Initial Coin Offering (ICO), local news The Acadiana Advocate reported April 12. In his annual speech at the Heymann Center, Robideaux presented Lafayette as a technological hub, which could benefit from the development of its […]

Bitcoin

Sowa Labs, a subsidiary of Germany’s second largest stock exchange Börse Stuttgart, will release a cryptocurrency trading app later this year, according to the app’s website. The app, called Bison, will be available in September and will initially support trading of Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and XRP. The website states that more assets […]

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