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Private Blockchains are Doomed to Fail, Says Abra CEO

February 27, 2019 by Osato Avan-Nomayo at Blockchain, Business, Commentary, News

Bill Barhydt, the CEO of Abra; a Bitcoin wallet and investment app, believes that private enterprise blockchains will fail miserably. The Abra chief described JPM Coin, the cryptocurrency recently debuted by JPMorgan as utter rubbish. This according to an interview with Fortune, February 25, 2019. Enterprise Blockchains Will Amount to...

Why Goldman and JPMorgan Invested $32 Million in Blockchain Despite Bear Market

August 15, 2018 by Joseph Young at Blockchain, Business, Ethereum, Finance, Investment, News

JPMorgan and Goldman Sachs, two of the biggest banks in the global finance sector, have led a $32 million Series B funding round for blockchain startup Axoni, to deploy blockchain-based solutions in the traditional finance industry. $55 Million in New Capital Since 2016, as the only competitor to R3CEV, a...

The Blockchain Revolution: Is the Future Permissioned or Permissionless?

March 15, 2017 by Christine Chiang at Blockchain, Commentary, News

The blockchain gold rush is among us, and those at the fore are infected with the “fever,” racing to secure prominent roles in the revolution ahead. Among the droves seeking to ensure future profitability in staking claims to the open-source technology, our favorite major banks, and payment networks have been...

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