Are you SURE those NIKE shoes are the originals? June 3rd, 2016

According to a Co.Design, the counterfeit sneaker business costs U.S. customs approx $100mn/ year. Worldwide, counterfeit fashion is estimated to be a $600 billion industry, and if U.S. customs figures are accurate, about 40% of all counterfeit goods are sneakers. That makes counterfeit kicks a $240 billion problem to sneaker makers like Nike, Adidas, Converse,…

EU watchdog takes a closer look at blockchain just as SETL announces new blockchain product launch!- June 3rd, 2016

  The European Securities and Markets Authority (ESMA) said yesterday it is deciding on the direction of regulatory requirements necessary to keep securities markets safe and looking for feedback from the outside on how it should proceed. Only a few hours earlier SETL, announced in a press release (Wednesday) that is has launched the world’s first commercial platform using…

The future of micro payments in Bitcoin? June 1st, 2016

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. It has the potential to facilitate micro payments between participants by building a bi-directional Bitcoin Payment Channel to make micro-payments off-chain while leveraging off the security offered by Bitcoin …. “To open the channel, Alice and Bob each send…

The DAO… where to next?! Hmmm…

  Whilst the DAO was a very interesting concept idea, it is quickly facing many problems within its community and possibly damaging the image of some of the original founders behind it. They are being criticised for not having thought through some of the potential security issues deeply enough and for rushing the launch of the…

BITCOIN + 16% in the last 4 days… WT..?

Some of us (admitedly) pay less attention to Bitcoin (BTC) since ETH has been around…. but maybe we are wrong… the market cap of BTC has gained $1.2bn trading at $525 again, the first time it passes $500 in a while!. Some reports say that the Chinese are leading the buying this time round, just…

Does profit taking on the DAO create a great buying opportunity?

Over the weekend, the DAO started trading live on several exchanges including: Kraken, BTC markets, Poloniex and many more… and the share price tanked? Why? Well… as with most experiments, there were some holes in the experiment of a launching a crypto-venture-capitalist-firm-on-the-block-chain which leverages of the wisdom of the crowd! Should we worry? As both a…

Ex fortress director and principle reveals bet on ETH…May 30th, 2016

…and why shouldn’t he? Micheal Novogratz was one of the early visionaries of Bitcoin and must have seen the beautiful potential of Ethereum to not only use the blockchain as a currency but also to give instructions via a smart-contract. The currency is up c1,200% since early January and if we continue to see real life…