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Odd Bedfellows Blockchain Developers Can Learn To Love The

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. In this opinion piece, one of a weekly series of columns, Casey assess the unorthodox role that multilateral organizations can play in developing blockchain technology. At first glance, the World Bank looks like an ill-suited partner for any self-respecting blockchain developer intent on disrupting the financial order. This isn't just a bank, it's one that’s owned by

Why Hodling is Hobbling Bitcoins Prospects As A Common Currency

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. In this opinion piece, one of a weekly series of columns, Casey argues that bitcoin's appeal as an investment could diminish its effectiveness as a currency and calls for testing alternative cryptocurrency models. Bitcoin traders like to say their best trading strategy is not to buy and hold, but to buy and "HODL" – hold on for

Where Saft Falls Short

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. In this opinion piece, his latest in a weekly series of columns, Casey offers qualified praise for the recently released SAFT framework and makes the case that legislative reforms are needed to deliver on the true promise of tokenization. Who says only software developers can hack? The team from Cooley LLC and Protocol Labs, which released the

Australias Securities Regulator Issues Formal Guidance for

The Australian Securities and Investments Commission (ASIC) has issued regulatory guidance for businesses considering launching an initial coin offering (ICO). According to a document on the regulator's website, the legal treatment of ICOs will vary in nature depending on their structure. While some token sales will be classified under general Australian consumer law, ICOs offering financial products will be regulated under the country's Corporations Act. In the latter case, the law will carry some protections for investors, but if

Its Political Why China Hates Bitcoin and Loves The Blockchain

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. In this opinion piece, one of a weekly series of columns, Casey considers China's recent moves against bitcoin exchanges and ICOs in a wider geopolitical context. The crypto community is once again reeling from a Chinese crackdown and trying to read the tea leaves on Beijing's next move. China's policymaking is far from transparent, so one can

Ethereum Founder Vitalik Buterin Co Authors Plan for Interactive

A new white paper has been published detailing a potentially transformative protocol for initial coin offerings (ICOs). The protocol, which would seek to produce an "equilibrium" between capped and uncapped token sales, represents a collaborative effort between ethereum founder Vitalik Buterin and developer Jason Teutsch, the creator of smart contract scalability project TrueBit. In the white paper, released today, the authors detail a system by which an ICO could respond to the actions of buyers. Specifically, buyers would submit

Tokens for Climate Change How We Can Rise Above Ico Mania

Michael J Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative. In this opinion piece, the first of a weekly series of columns, Casey outlines why he believes tokens, despite the excessive fervor and hype around ICOs, could hold the key to solving some of humanity's most pressing problems. The secret? It's all about incentives and collaboration. A surefire way to be accused of over-hyping blockchain technology is to

Mark Cuban Just Backed A People Driven 20 Million Token Fund

In Brief Cuban cast a vote of confidence for one emerging crypto venture fund, 1confirmation. The fund is hoping to completely revamp how business is done in digital space. Its founder, Coinbase alum Nick Tomaino, envisions a people-driven platform. “The most interesting and useful thing about blockchains is their ability to empower people in new ways. Blockchains put power in the hands of people, and take it away from large institutions,” he said in an interview with CoinDesk. Tomaino