In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Paul Krugman made use of his New York Times column to disparage crypto assets — again. Despite his unquestionable academic credentials, Krugman reiterated a common misunderstanding in his attempt to understand crypto assets — by conflating Bitcoin (BTC) with other cryptocurrencies. Despite being the oldest, most valuable and most well-known member of this emerging class of digital assets, Bitcoin has a unique use case that differs widely from all others. Therefore, in order to understand this asset class as a whole, it would make more …
With an estimated valuation of around US$10 billion, Dropbox’s rise to fame was a direct result of some key strategies, but can the blockchain help the popular storage service achieve even greater success? Many have questioned why the relatively young company, founded in just 2008, has skyrocketed to become a household name with over 300 million users. It is estimated to be worth anywhere from US$4 billion dollars, with Forbes magazine and other major outlets estimating the figure at closer to US$10 billion. In either case, Dropbox has seen some impressive growth and, in January 2014, the company successfully raised …
1. Bitnation’s Core Dev Team Resigns Ahead of Crowdsale Ian DeMartino reported Monday, and spoke with, the three members of the Bitnation team who resigned from the project over what they perceived to be mismanagement. “Three main members of the BitNation team have resigned: The aforementioned Nathan Wosnack, Bitnation's former Chief Communications Officer, Matt Mckibbin the former Chief Marketing Officer and David Mondrus, who was serving as an advisor and we are told was under consideration for Chief Technology Officer. “Among their concerns is that there is no multi-signature account set up, no corporation set up in any country and …