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In 2013, Barry Silbert asked the board of directors at SecondMarket, a startup he founded that connected buyers and sellers of private company stock, to let him spend $3 million of the company’s cash on buying bitcoin. It had almost nothing to do with the company’s business, and not all of the board was enthusiastic. “I thought it was absolutely crazy. We argued about ...
In late May, the creators of Bitcoin Gold—a currency that split off from Bitcoin last year—said a hacker had robbed people of as much as $18 million worth of the currency. They suspected the thief used mining hardware—computers that verify crypto transactions in exchange for currency—that was far more powerful than normal, allowing the attacker to amass enough mining ...
Artificial intelligence will have a far larger impact on the tech industry than blockchain, 78% of respondents to The Information’s latest subscriber survey said. Respondents generally were skeptical of blockchain’s transformative potential: Only 8% of respondents expected blockchain to have a greater impact on the tech industry. Fourteen percent of respondents said it was too hard ...
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