Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

A Bit More Blockchain

leave a comment »

Happy Thursday.

According to a story from Fortune (who were reporting a story from The Times of London), Twiter CEO Jack Dorsey is on the record saying that Bitcoin (despite the recent bubble) will come to replace all currencies.

“The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin.” But the timeline will be “probably over ten years, but it could go faster.”

Miners, start your computers (but watch that electricity bill!)

Meanwhile, also across the pond, the UK Chancellor of the Exchequer, Philip Hammond, was expected to announce a government “crypto assets task force,” along with a host of other fintech initiatives earlier today, according to a report in CoinDesk.

The initiative, part of the government’s larger Fintech Sector Strategy, “will help the U.K. to manage the risks around Cryptoassets, as well as harnessing the potential benefits of the underlying technology,” he said in the statement.

Back here in the U.S., Blockchain Capital, which is an investor in fintech companies like Coinbase and Ripple, has raised $150 million for its fourth fund. 

According to a story from Axios, this new fund appears to be the largest venture capital fund raised to focus exclusively on blockchain and cryptocurrency technologies.

So my logical question: Was the new round raised in Bitcoin or cash??!!

Inquiring minds want to know.

For those more interested in the crypto pick and shovel play, IBM Think this week in Vegas had a number of sessions focused on blockchain.  

If interested, check out this replay of IBM’s Jerry Cuomo, who lays out a number of actual blockchain use cases that do everything from save energy to cut food waste.

Written by turbotodd

March 22, 2018 at 2:45 pm

Posted in 2018, bitcoin, blockchain, ibm

Tagged with ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: