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China on a Blockchain? Maybe in 2018

China on a Blockchain? Maybe in 2018

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. China on a Blockchain? Maybe in 2018 Chun Yin Cheung is a partner in PwC China's risk assurance practice, based in the Shanghai office, and a committee member of VeChain Foundation. The following article is an exclusive contribution to CoinDesk's 2017 in Review, and represents the author's personal view, not necessarily the opinions of his employer. In 2018, I forecast China will surprise the world (again) and change the crypto world. I personally believe in 2018 China will be the first major country to launch a central bank digital currency (CBDC), and that we will also see a large-scale blockchain implementation in the retail and logistic industry with a blockchain solution developed by Chinese companies. Now, I'll unpack my
CryptoGirl
What DAO? Charting Ether’s Epic 2017 Price Climb

What DAO? Charting Ether’s Epic 2017 Price Climb

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. What DAO? Charting Ether's Epic 2017 Price Climb For ether, the cryptocurrency that powers the ethereum network, 2016 was defined in part by the creation and subsequent collapse of The DAO, the blockchain-based investment vehicle that raised more than $150 million at then-current prices. Yet as 2017 comes to a close, the cryptocurrency is closing the books on a banner year for its value, having surged from less than $10 one year ago to more than $700 as of press time. Buoyed by the overall growth of the cryptocurrency market. In this article, we look at some of the major market moments seen in the past 12 months, culminating with the cryptocurrency's temporary push above $800. Slow start Ether was in a rough spot as 2016 came t...
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2017: The Year Crypto Became a New Asset Class

2017: The Year Crypto Became a New Asset Class

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 2017: The Year Crypto Became a New Asset Class Hunter Horsley is the co-founder and CEO of Bitwise Asset Management, a startup offering index fund products that track the emerging cryptocurrency asset class. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 has been a watershed year for crypto assets. The combined market cap rocketed from $15 billion in January to over $600 billion by year's end. And in doing so, crypto assets crossed another kind of threshold, transforming from something easily dismissed to something hard to ignore. The multiple-thousand percent price appreciation has been accompanied by trade volumes well over $1 billion since May, continued low correlations to other assets
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Blockchain Asset Registries: Entering the Slope of Enlightenment?

Blockchain Asset Registries: Entering the Slope of Enlightenment?

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Blockchain Asset Registries: Entering the Slope of Enlightenment? Juan Antonio Ketterer and Gabriela Andrade specialize in financial markets for the Inter-American Development Bank, the largest source of development financing for Latin America and the Caribbean. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Improving access to productive finance in Latin America and the Caribbean is the bottom line of our work. The reason is simple: access to finance is essential for an economy and, therefore, a key determinant of its productivity and economic growth. The problem is that the financing of productive activities, particularly small- and medium-sized enterprises (SMEs), can be jeopardized by issue
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Blockchain in Healthcare: 2017’s Successes

Blockchain in Healthcare: 2017’s Successes

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Please share if you find this article interesting. Blockchain in Healthcare: 2017's Successes Katherine Kuzmeskas is the CEO of SimplyVital Health, a blockchain firm seeking to bring security and transparency to hospitals and physician groups through technology.  The following article is an exclusive contribution to CoinDesk's 2017 in Review. Entering 2018, two things are clear – 1) healthcare is ripe for disruption and 2) there is a massive opportunity for blockchain technology to lead this transformation. From medical records to the pharmaceutical supply chain to smart contracts for payment distribution, there are plenty of opportunities to leverage blockchain technology in healthcare. At the end of 2017, however, you'd be forgiven for thinking there hasn't been much progress
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Avoiding Digital Feudalism Built on Blockchains

Avoiding Digital Feudalism Built on Blockchains

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Please share if you find this article interesting. Avoiding Digital Feudalism Built on Blockchains Cab Morris is blockchain strategy lead for the Illinois Blockchain Initiative and deputy director of strategy and operational performance for the Illinois Department of Financial and Professional Regulation. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Let's all acknowledge that things are looking pretty positive in the world of blockchain. Bitcoin's price continues to skyrocket. Digital Asset's production implementation shows private blockchains can add value to enterprise IT. Token offerings, SingularityNET and Sweetbridge – to name a few – are building platforms and applications to solve complex problems, maturing the utility token beyond wha
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From $900 to $20,000: Bitcoin’s Historic 2017 Price Run Revisited

From $900 to $20,000: Bitcoin’s Historic 2017 Price Run Revisited

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. From $900 to $20,000: Bitcoin's Historic 2017 Price Run Revisited The chart above says it all. One year ago as of the time of writing, the price of bitcoin traded between $930 and $978 – movements that perhaps set the stage for the cryptocurrency's value to cross the $1,000 on New Year's Day. Indeed, that headline-making development would be the first of many to come for 2017. In this article, we look at some of the major moments for bitcoin's price during the last 12 months, a period of time that saw the price of bitcoin climb from below $1,000 to nearly $20,000 on the CoinDesk Bitcoin Price Index (BPI). It was a year that arguably exceeded last year's bullish predictions and one that saw unprecedented interest coming from pl
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Bitcoin or Blockchain? Bet That Both Will Thrive in 2018

Bitcoin or Blockchain? Bet That Both Will Thrive in 2018

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin or Blockchain? Bet That Both Will Thrive in 2018 Caitlin Long is the chairman and president of Symbiont, an enterprise blockchain platform.  The following article, an exclusive contribution to CoinDesk's 2017 in Review, outlines Long's personal views and is not intended to provide investment advice. Bitcoin and blockchain are often pitted against each other, but I come from both worlds and believe that both are game-changers in their own right. I first learned about bitcoin in 2012 through liberty-oriented channels, which I’d discovered during a search for answers about the financial crisis in 2008. But I also took a deep dive into enterprise blockchain in 2014 while at Morgan Stanley, as a side interest to my day job o
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Hacks, Scams and Attacks: Blockchain’s Biggest 2017 Disasters

Hacks, Scams and Attacks: Blockchain’s Biggest 2017 Disasters

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Hacks, Scams and Attacks: Blockchain's Biggest 2017 Disasters Hard forks? Soft forks? ICOs? Bombarded by no shortage of unfamiliar technical terms in 2017, consumers in the blockchain sector once again proved a ripe target for hackers and criminals. But, not all hacks and scams were created equal. Some rose above the froth – either due to their size or impact – as well as what they said about the state of blockchain technology and the industry itself. Still, the impacts of these incidents were far from academic. Whether it was a simple wallet hack, fraudulent ICO or a bug in a piece of software code, investors lost millions, with nearly $490 million taken in the incidents below. So far, none of the perpetrators of these crimes ha
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2018 and Beyond: Tokens Are Slowly Eating the Firm

2018 and Beyond: Tokens Are Slowly Eating the Firm

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 2018 and Beyond: Tokens Are Slowly Eating the Firm Tekin Salimi is a corporate lawyer and principal at Xastris.io, a blockchain advisory firm specializing in regulatory, capital markets and ICO execution services. The following article is an exclusive contribution to CoinDesk's 2017 in Review. One of the most fascinating outcomes of the 2017 gold rush into open-source protocol development is the growth of "community management" – a business function that combines elements of marketing, business development, investor relations and human resources. Community managers are being hired en masse. Their job is to oversee all matters relating to a blockchain project's community of supporters. This includes interacting with core develop