In March 2021, a work of art called Everydays: The First 5000 Days sold for $69 million at Christie’s Auction House. It’s not unusual to see eight-figure art sales. However, this one received much attention because the piece was sold as a non-fungible token (NFT) – an electronic record...
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The US banking sector had its worst week in the last 50 years.Yes, it was even worse than the Great Financial Crisis (GFC) of 2008. In a week, three large banks collapsed. All of them were either VC-facing or crypto-facing: Silvergate, Silicon Valley Bank, and Signature Bank. Only Silvergate...
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There are several reasons why people do not care about the environment, all of which are deeply rooted in our cultural beliefs, values, and worldviews. Yes, that’s right, read that again if you need to – the problem arises from what we believe about our world since all our...
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The Wall Street industry buzzword of the past two years has been “blockchain”. In less than a decade, blockchain technology grew from an obscure experiment into the hottest topic in the payments industry. The problem is that many people still have trouble wrapping their minds around the concept. Let’s...
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If you own shares in the Walt Disney Company, you can spend an extra $50 to buy a fancy paper stock certificate. But there is an important disclaimer on the website where you buy the certificate: “Please note: This is a decorative item being sold, not a valid, negotiable...
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Despite its relative infancy, the potential for blockchain technology to disrupt the insurance industry and change the way we share data, process claims and prevent fraud is intriguing. Statistics indicate that only 17% of California households carry earthquake insurance even though the likelihood of experiencing losses from an earthquake...
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Preface ICOs, also known as “token sales,” are a relatively new fundraising phenomenon used to launch new companies or fund a development project. According to ICOStats, nearly $2.3 billion has been raised in 2017 in ICOs. This amount eclipses the amount of money raised by early stage venture...
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J. R. Willett’s “The Second Bitcoin White paper” describes (among other things) user currencies which track value of a specific assets without being backed by that asset by issuer. At first this seems to be counter-intuitive… You can’t create digital gold out of nothing. However, something very similar happens...
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The ICO25 Average Index or as it was later renamed the ‘Token Industrials Average” was created on May 3rd, 2018 by Tony Valamontes The ICO25 Average Index, or simply the ICO25, is an Ethereum Token market index that tracks how the top 25 tokens have traded during a standard trading session in the...
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