Balaji Srinivasan Explains $1M Bitcoin Bet Rationale, Says Could Take Longer Than 90 Days
Relating the chances of bitcoin reaching $1 million to the probability of some sort of Black Swan event in the U.S. economy, Srinivasan said he thinks there’s a 10% chance of a very serious issue in months, a 70% chance of one in years, a 19% chance within decades and a 1% chance it takes a century or more.
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Microfinance Firm Plans Issuance of Shariah-Compliant Blockchain Bonds
An Indonesian financial firm is looking to put Sharia compliant bonds called sukuks on the blockchain to fund social projects. Blossom Finance, a microfinancing platform for social causes using Sharia models, is planning to issue a blockchain-based sukuk in coming months, according to a Reuters report Wednesday. While the size of the initial issuance may not…

Blockstack Files With SEC to Raise $50 Million in Reg-A+ Crypto Token Sale
news Blockstack, the New York-based blockchain software provider launched in 2017 to create the infrastructure for a decentralized internet, has announced it intends to raise $50 million in a token sale that would leverage the SEC’s Regulation A+ crowdfunding exemption. While the move still requires regulatory review, the sale would enable Blockstack to raise capital…

Twitter, Trump and the ‘Private Company’ Fallacy
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Silvergate Bank Adds 48 Crypto Clients in Q4 Even as Deposits Slip 4%
Jan 29, 2020 at 14:55 UTCUpdated Jan 29, 2020 at 15:06 UTCSilvergate CEO Alan Lane image via CoinDesk archivesSilvergate Bank, one of the few U.S. banks openly serving crypto-related businesses, added more crypto clients in the fourth quarter of 2019 but saw deposits and fee income from those clients drop.The La Jolla, Calif.-based bank, which…

Stellar Tried to Give Away 2B XLM Tokens on Keybase. Then the Spammers Came
Dec 13, 2019 at 21:15 UTCUpdated Dec 13, 2019 at 21:23 UTCSpammers started showing up on Keybase as soon as Stellar announced a giant airdrop on the encryption app. They went away as soon as word went out that the free money era was over.Or so Max Krohn, CEO of Keybase, told CoinDesk in an…

Solana-Based NFT Marketplace Exchange.art to Expand into Ethereum
Exchange.art, the popular Solana-based digital art marketplace, is soon taking its platform multichain and integrating support for Ethereum.The integration will go live on August 1 with more than 80 Ethereum-based artists including Sotheby’s “Glitch Art” sale artist Patrick Amadon and creator Amber Vittoria.According to data from analytics platform CryptoSlam!, Ethereum's non-fungible token (NFT) trading volume…
First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices (CoinDesk) Top Stories Bitcoin slumped to the lowest since the end of February as Mt. Gox moved a sizeable amount of BTC to

Bitcoin Retains Bear Bias Despite Recovery From 25-Day Low
Bitcoin's (BTC) recovery from 25-day lows seen over the weekend has done little to alleviate the near-term bearish bias, technical studies indicate. The leading cryptocurrency fell to $6,119 on Bitfinex on Saturday – the lowest level since Aug. 14 – bolstering the bearish setup established by a sudden $1,000 drop witnessed during a 24-hour period…