Thursday, July 29

Blockchain

Bitcoin, Blockchain, Celebrity, crypto, Cryptocurrencies, cryptocurrency, digital assets, Markets, MI Exclusive, Raoul Pal, RealVision

RealVision’s Raoul Pal says social tokens are going to be’the next big thing’ for crypto and will grow into a trillion-dollar industry in 5-10 years

crypto coins circle Nurphoto Raoul Pal, former hedge fund manager at Goldman Sachs spoke to Insider about the outlook for the crypto industry. He said social, or community, tokens have the potential to "disrupt businesses' like Disney. He said his RealVision firm will launch a community token within the next year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Social, or community, tokens are going to be the next big development in the crypto market and have the power to disrupt all kinds of traditional industries, according to RealVision CEO Raoul Pal. Pal, who used to run hedge fund sales at Goldman Sachs, before retiring at 36 and devoting himself to other investments, told Insider in an interview he's so sure social tokens will boom that his company...
Amazon, Blockchain, crypto, cryptocurrency, Digital Currency, Distributed Ledger Technology, Markets, MI Exclusive

Amazon is looking to hire someone to lead its digital currency and blockchain initiatives

Courtesy of Comparably Amazon is looking to hire someone to lead its digital currency and blockchain initiatives as more big tech companies expand their businesses into the growing sector.The position will fall within the company's payments acceptance and experience team and will be based in Seattle. "You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed ... You will work closely with teams across Amazon including AWS," the listing said, referring to Amazon Web Services.The position requires 10 0r more years of experience in product or program management or business development, and candidates will preferably hold an MBA. market...
Bitcoin, Blockchain, BlockFi, crypto, Cryptocurrencies, Markets, MI Exclusive

3 states have cracked down on crypto lender BlockFi as the company’s interest accounts draw scrutiny

Chukrut Budrul/SOPA Images/LightRocket via Getty Images Three US states have said the cryptocurrency platform BlockFi may have violated securities law by offering its interest-bearing accounts within their jurisdictions. All three states-New Jersey, Alabama, and Texas-said the cryptocurrency platform did not register its BlockFi Interest Accounts, or BIAs, with state regulators and securities that they may be unregistered offerings.BIA allows clients to deposit their cryptocurrencies and earn interest, depending on how much and which types of assets are deposited.On July 20, New Jersey issued a summary cease-and-desist order banning BlockFi from selling unregistered securities through its BIAs and accepting new BIAs in the state. The state said this product violated the state's s...
Bitcoin, Blockchain, Central Bank Digital Currency, cryptocurrency, digital yuan, Ethereum, Markets, Mining, Stablecoins, Tether, Weekend BI UK

Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them

A bitcoin artwork by Stacey Coon, Anastasia Sultzer, and Nanu Berk at the Bitcoin 2021 convention. Marco Bello/Getty Images Cryptocurrencies and stablecoins have boomed in 2021, sucking in investors. The world's central banks are increasingly looking to create their own digital currencies. Insider cuts out the jargon and explains the key differences and what they're used for. See more stories on Insider's business page. Cryptocurrencies and stablecoins have boomed in 2021. And central banks around the world are increasingly keen on their own digital currencies. But how do they all work and what are they used for?CryptocurrenciesCryptocurrencies are basically digital currencies that aren't controlled or issued by a centralized authority, such as commercial or central banks.These...
Anthony Di Iorio, Blockchain, Canada, crypto, Crypto assets, Crypto billionaire, Cryptocurrencies, Decentral, Ethereum, Markets, MI Exclusive

Ethereum’s co-founder says he’s done with crypto because it’s too risky-and only represents a small bit of what the world needs

Anthony Di Iorio, co-founder of ethereum. Decentral Anthony Di Iorio, a co-founder of the ethereum blockchain, is wrapping up his time in the cryptocurrency world due to personal safety concerns, and because he no longer wants to be known as the "crypto guy."He recently told Bloomberg he wasn't too encouraged by the risk profile attached to the industry."I don't feel necessarily safe in this space," he said. "If I was focused on larger problems, I think I'd be safer."The 48-year-old Canadian has had a security team since 2017, and mostly been accompanied on his travels, Bloomberg said. He soon plans to sell his current blockchain venture Decentral to focus on philanthropy and other projects unrelated to crypto. Decentral, founded in 2014, is a Toronto-based wallet and cryp...