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They Left Public Radio to Try Their Fortunes on the Blockchain

“Rebecca Traister wrote this beautiful line in her New York magazine article at the time, which was like, you look down and suddenly we can see all the scaffolding that we’re standing on,” Ms. Zomorodi said. “And it really felt like that for me.”Civil, a New York start-up that now aims to help start 100 new journalism outlets by the end of the year, gave Ms. Zomorodi and Ms. Poyant grant money that came partly in the form of dollars and partly in the company’s own cryptocurrency, CVL tokens, which will go on sale on Tuesday.Ms. Zomorodi and Ms. Poyant, who worked together for almost three years…

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Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You

“For every one license we’ve issued, we’ve probably said no to 10,” he said. “When you’re considering a new sector, to bring in big names is extremely attractive, but they’ve got to be good names. So you’ve got to be willing to say no to even some of the bigger ones.”Online gambling is responsible for around 3,000 jobs on Gibraltar, or about 10 percent of the territory’s population. Mr. Isola said he saw a similar possibility in the blockchain, calling it “the next significant new flow of business.”Gibraltar is in the final stages before voting on regulations that, similar to Malta’s, would let companies issue and trade…

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How Financial Products Drive Today’s Art World

LONDON — How does one invest in art without going through the complications of buying and owning an actual artwork?That is the question behind financial products for investors attracted by soaring art prices but intimidated by the complexity and opacity of the market. It is why art funds were all the rage in the early 2000s, and why new variations continue to emerge.At the same time, entrepreneurs are trying to iron out the archaic inefficiencies of the art world with new types of financial products, particularly the secure ledgers of blockchain. While the technology is best known as the basis of cryptocurrencies like Bitcoin, its promise of…

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Despite Caution Over Cryptocurrency, Investors Are Bullish

What’s indisputable is that coin offerings are quickly growing in popularity. Roughly 309 offerings have been held this year, raising $10.3 billion, according to the data provider TokenData, compared with 77 offerings that raised $1.2 billion during the period last year.That is catching up to the amount of money raised by initial public offerings, where companies hire investment bankers to help sell shares to investors and trade on the public markets. I.P.O.s in the United States raised $15.6 billion in the first three months of this year, the biggest quarterly haul in three years, according to Renaissance Capital, which tracks I.P.O.s.But many entrepreneurs say they believe that,…

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Goodbye, Denver Post. Hello, Blockchain.

Mr. Ryckman said he was looking forward to having some resources to work with as he builds a publication on explanatory journalism, feature stories and investigative articles. “We are not trying to create a mini Denver Post,” he said. “We will break news but we we’re not doing breaking news.”Once the grant money runs out, it will be up to The Colorado Sun to sustain itself. But Mr. Iles is confident that the project will succeed.“When we learned about Larry and what he and his team had in mind for The Colorado Sun, it became obvious that this is a project we needed to support and we…

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Bits: Farhad’s Week in Tech: Bitcoin and the Scams Under Everything

Each week, Farhad Manjoo, technology columnist at The New York Times, reviews the week’s news, offering analysis and maybe a joke or two about the most important developments in the tech industry. Want this newsletter in your inbox? Sign up here.Good morning, readers!We’ll get to tech news in a bit, but let’s start somewhere else. My wife is a doctor who studies cancer, and one of the few things I’ve learned from her job is this unhappy little maxim: You can get cancer pretty much anywhere. Some cancers everyone has heard of. Breast, prostate, brain, lung — these are the calamities we’re familiar with. But did you…

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When Crypto Meets Conceptual Art, Things Get Weird

“I think that it’s such a weird field at the moment, so art is evolving really quickly in response to it,” Mr. Connor said.Mr. Abosch, meanwhile, is tokenizing Manhattan. For a soon-to-be-unveiled project, he has created 10,000 blockchain tokens for every street in Manhattan, then printed the contract addresses on a 6-foot-tall map. This month, collectors will be able to buy the tokens, or virtual artworks, for a few dollars each. More projects are on the way.“Whatever this is,” Mr. Abosch said, “I’m right in the middle of it.”

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Should the Fed Create ‘FedCoin’ to Rival Bitcoin? A Former Top Official Says ‘Maybe’

AdvertisementIf cryptocurrency and blockchain technology really are the future of money, the world’s central banks need to get involved, a former Fed governor argues.May 4, 2018ImageKevin Warsh in London in 2014. “It strikes me that a central bank digital currency might have a role to play,” he said Thursday night.CreditPool photo by Alastair GrantMany enthusiasts of Bitcoin and other cryptocurrencies are motivated by deep skepticism of the central banks that control the world’s money supply.But what if central banks themselves entered the game? What would happen if the Federal Reserve, or the European Central Bank or the Bank of Japan used blockchain technology to create their own…

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Blockchain Will Be Theirs, Russian Spy Boasted at Conference

One of the Russian delegates to the I.S.O. blockchain group, Maxim Shevchenko, gave a talk last summer in Russia in which he spoke about the country’s goals in the I.S.O. group. The bullet points on the slide included “possibility to influence the technology” and “implementation Russian standards and solutions worldwide.”Another member of the Russian delegation, Alexey Urivskiy, told the Russian newspaper Vedomosti last year that the delegation at the I.S.O. committee was supposed to get Russian cryptographic algorithms into the standard. The Vedomosti article said that the head of the Russian I.S.O. delegation, Mr. Marshalko, was affiliated with the F.S.B.Russia is not the only country pushing hard…

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A Former Top Wall Street Regulator Turns to the Blockchain

Most industry experts, including Mr. Gensler, assume that Bitcoin is safe from being categorized as a security because it was not originally issued through an initial coin offering or a central organization, and the software is maintained by a decentralized group of developers. Some other virtual currencies, like Litecoin and Monero, have similar designs.But Mr. Gensler said Ether could have more problems because the first Ether tokens were sold in 2014, before the network was functional, by the Ethereum Foundation.Ether could get off the hook, Mr. Gensler said, because its development has been more decentralized recently, and new Ether tokens are now given out to so-called miners…

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