ICE has announced it is building Bakkt–a new cryptocurrency platform and ecosystem. This is positive for cryptocurrencies in many ways, but it’s also negative.
Here’s my latest post on Forbes.com — the second of a 3-part series on the building rivalry between crypto capital markets and Wall Street. Liquidity arising from the good type of financialization is a big positive for cryptocurrencies, owing to exponential network effects, but liquidity arising from leverage-based financialization—which creates claims to cryptocurrencies out of thin […]
Here’s my latest post on Forbes.com — the first of a 3-part series on the building rivalry between crypto capital markets and Wall Street. The ICO market was 45% of the IPO market in Q2 2018, up from 40% in Q1 2018. Institutional investors are seeing opportunities in a market that is becoming institutionally-investable. Investment […]
Digital privacy law experts predict a flood of litigation testing the constitutionality of government data collection practices after the Supreme Court’s Carpenter decision on cell phone data. This article discusses potential Bank Secrecy Act challenges originating from blockchain companies. It’s also my piece on Forbes.com! Click to see the story here.
Speech available here. Outline of the speech + slides, which contain links to materials referenced: * Bitcoin is history’s first (and probably only) universally honest ledger. * PROBLEMS: 2 fundamental problems are solved by blockchain: the “moneyness” of credit and inaccuracies in Wall St’s ledgers. * Most credit creation today happens outside of the traditional […]
Last evening I had the honor to give a keynote speech about blockchain to Wilshire Consulting’s 36th Annual Client Conference, in front of an audience of a couple hundred trustees and executives of pension funds. I spent a lot of time preparing for a speech to such an important audience, and decided to publish the […]
Wow. Wyoming just did something very big.
Its legislature just gave the blockchain industry a welcoming home in Wyoming. I am overjoyed!
A US version of Switzerland’s “Crypto Valley” will hopefully soon spring up in Wyoming, if early indications of interest pan out. Dozens of small software companies have already formed Wyoming entities and some of these have already leased office space – 20,000 square feet and counting – even though four of our five bills haven’t even become law yet, awaiting Governor Mead’s signature.