Market Watch reports former Facebook executive and Green Bay native, Chris Murphy recently put his "Packer House" up for sale. “Murphy, a crypto enthusiast, wants to use the funds to back bitcoin initiatives,” said Natalia Karayaneva, chief executive of Propy.
Fans with $1 million in cryptocurrency will literally be able to walk to games at Lambeau Field from their new digs.
Now off-market according to Zillow, this 3 bedroom is the first U.S. property to be sold on the blockchain, global property marketplace Propy said. The 1,000-square-foot property was listed for $1 million in cryptocurrency, but real estate website Zillow estimated its...
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Vitalik Buterin, the founder of the groundbreaking Ethereum cryptocurrency, stated in a recent BitNewsToday interview that 90% of token startups will fail. Sounds kind of jaded for a 23 year old, and especially cheeky, when you consider that Bitcoin rocketed to a record $18K this past week.
More than a few investors have been vindicated, this week, for having the vision to invest in Bitcoin.
But, before conclusions get jumped to, let’s take a deeper look at what this crypto whizz might be trying to tell investors. To start with, here are two reasons he gave for this observation.
1) Cryptocurrency has not yet made the transition to mainstream...
Blockchain developers—Microsoft, IBM, the London Stock Exchange, and others—are fine-tuning their technology to prepare for the coming mainstream adoption outside the cryptocurrency niche. Along with massive redundancy and encryption benefits, blockchain also has a few areas that need improving. One problem shared even by the more polished coins, namely Bitcoin and Ethereum, is low throughput due to the massive size.
Because of the decentralized nature of the blockchain [distributed ledger], which spreads across expansive swaths of Internet real estate, data encryption tends to lumber along like a gigantic whale.
In April of 2016, the European Union replaced an earlier rule--the Data Protection Directive--with a newer, more comprehensive set of rules. This new document, which is called the General Data Protection Regulation (GDPR), goes live on 27 May 2018.
You may be wondering why you should care. Anyone doing business with people who live in the European Union will need to meet the Data Privacy requirements of this legislation or receive hefty fines--€20M/$23.5M US or up to 4 percent of annual worldwide turnover [revenue].
With fines this hefty and regulatory process yet to be fully-ironed out, it comes as a pleasant surprise to many that blockchai...