Blockchain: Separating fact from fiction

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Blockchain is not a single technology. After having been conceived by Bitcoin creator — Satoshi Nakamoto, the world discovered the first known representation of this abstract concept through Bitcoin. Since then, hundreds of implementations have been explored. These are also called Distributed Ledger Technologies.

With hindsight, the blockchain concept is quite simple: it proposes an innovative information system architecture to process value exchange within open ecosystems. On the traditional web, information can be corrupted. Blockchain aims at securing high-sensitive data exchanges to preserve them from wrongdoing.

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‘You can hear the panic in the bankers’ voices’ says Tim Draper

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Most advice around ICOs tends to center on researching the team or project themselves, but Draper favors a different approach.

The never-ending debate is if Bitcoin is a universal currency. I attend the final session of the Blockchain Economic Forum in San Francisco, where venture capitalist Tim Draper was interviewed by former Obama administration CFTC chairman and current MIT lecturer Gary Gensler.

In a wide-ranging conversation, the pair covered many of the key elements causing so much excitement in the crypto space, and confidence in the future was the running theme.

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Facebook plans to create its own cryptocurrency

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Facebook is exploring the creation of its own cryptocurrency, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with Facebook’s plans told Cheddar.

“They are very serious about it,” said one of the people, who asked not to be identified discussing unannounced plans.

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SEC decision on Ethereum cryptocurrency could affect others funded by ICOs

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The SEC is scrutinizing Ether, second only to bitcoin in value, to determine if it should be considered a security; the decision could affect other digital currencies launched through initial coin offerings.

The second most valuable cryptocurrency behind bitcoin, Ethereum, is under regulatory scrutiny by the Securities and Exchange Commission (SEC), which is considering whether it should be classified as a commodity or a security.

An SEC decision to classify Ethereum’s Ether cryptocurrency as a security could have far-reaching consequences for other digital monies originally crowdfunded through initial coin offerings (ICOs).

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Crypto exchanges are charging up to $1 million per ICO to list tokens: ‘It’s pure capitalism’

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Cryptocurrency exchanges are charging between $50,000 and $1 million to list initial coin offerings, according to a Business Insider investigation.

“The exchanges are where the liquidity is — it’s where the money is — so that’s where the power is just at the moment,” Michael Jackson, a partner at venture capital firm Mangrove Partners, told BI.

Exchanges are dominant now but that may change with tougher regulations and more standardised business models.

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Would Amazon accepting bitcoin lead to the breakthrough of cryptocurrency

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Unverified rumors that Amazon (AMZN) will start accepting Bitcoin (COIN) (OTCQX:GBTC) have been shaking cryptocurrency communities lately. Though these rumors might prove to be untrue in the end, facts are that there seems to exist lots of demand for this new way of payment. There even was an online petition to convince Jeff Bezos to adopt Bitcoin as an accepted way of payment at Amazon.

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Project Natal – Meeting Milo

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Meeting Milo

Serious groundbreaking technology here. I have always said that motion controls for gaming, no matter what tech you used to derive your motion control, was a complete dead end for gaming, unless someone developed a revolutionary method to make it essential for gaming.

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