Has bitcoin's time come and gone? - SFGate

The Future Of Blockchain: Fintech 50 2019

The Future Of Blockchain: Fintech 50 2019
As the price of bitcoin collapsed last year from a high of $19,000 to less than $4,000, skepticism fell over many other applications of blockchain, the technology that powers most cryptocurrencies by recording transactions without a central authority.
Much of the hype surrounding promises that sounded too good to be true is dissipating as reality and regulations set in. What remains however, are proven teams, flush with cash from mainstream investors, and increasingly, actual revenue.
Going forward, the blockchain selections from this year’s Forbes Fintech 50 2019 picks will undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.
Axoni co-fonders Greg and Jeff Schvey.AXONI
Axoni
New York City
Using blockchain-based smart contracts to overhaul the back office of the world’s biggest derivative markets. Its distributed ledger will allow counterparties to see payments, calculations and other vital trade information in real time, improving efficiency and lowering risk. Already partnering with world’s biggest banks and financial intermediaries.
Funding: $59 million from Goldman Sachs, JPMorgan and others
Bona fides: It is currently putting the $10 trillion credit derivative market onto smart contracts working with DTCC and a steering committee of 15 of world’s biggest banks. It’s already settling foreign exchange trades using the blockchain.
Cofounders: CEO Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which provides institutional trading tools for cryptocurrency

Bitfury CEO Valery VavilovBITFURY
Bitfury
Amsterdam
This full-service blockchain firm expanded from its roots providing bitcoin mining hardware to launch its own blockchain, plus software designed to help U.S. law-enforcement and others investigate illicit activity using bitcoin.
Funding: More than $150 million from Korelya Capital, Macquarie Capital, Dentsu & others.
Latest valuation: $1 billion plus
Bona fides: $500 million in revenue in 2018
Cofounder & CEO: Valery Vavilov, 39, a Latvian-trained computer scientist.

Circle co-founders Sean Neville and Jeremy AllaireCIRCLE INTERNET FINANCIAL
Circle
Boston
Crypto finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stablecoin — a crypto asset using the Ethereum blockchain and backed by U.S. dollars.
Funding: $246 million from IDG Capital, Bitmain, Breyer Capital, Goldman Sachs and others.
Latest valuation: $3 billion
Bona fides: 8 million customers from more than 100 countries; USDC has a $335 million in recent market value, making it recently among the 20 most valuable cryptos..
Cofounder & CEO: Jeremy Allaire, 47, previously founded publicly traded Brightcove online video platform

Coinbase CEO Brian ArmstrongCOINBASE
Coinbase
San Francisco
Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody, professional and institutional trading platforms, and an institutional trading platform. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.
Funding: $525 million from Tiger Global Management, Andreessen Horowitz, YC Continuity & others. Latest valuation: $8 billion
Bona fides: The most heavily funded startup in crypto; has opened 25 million wallets for customers.
Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaire.

Tyler Winklevoss, chief financial officer and co-founder of Gemini Trust Company LLC, right, and Cameron Winklevoss, chief executive officer and co-founder.© 2016 BLOOMBERG FINANCE LP
Gemini
New York City
Founded by twin brothers Tyler and Cameron Winklevoss, the Gemini cryptocurrency exchange is licensed as a New York trust company, making it a qualified custodian and a fiduciary under New York Law. Now licensed to do business in 49 states, Gemini is leading the fight for an SEC approved bitcoin ETF, and launched the Virtual Commodities Association to promote cryptocurrency industry self-regulation.
Funding: Winklevoss Capital Management, wholly owned by Tyler and Cameron
Bona fides: Employs 200 people and just moved to a new 50,000 square foot office
Cofounder & CEO: Tyler Winklevoss, 37, a former Olympic rower

Brad Garlinghouse, chief executive officer of Ripple Labs Inc.© 2018 BLOOMBERG FINANCE LP
Ripple
San Francisco
Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP, the cryptocurrency created by its founders, which was recently second to Bitcoin in value.
Funding: $94 million from IDG Capital, SBI Investment, Santander InnoVentures & others.
Latest valuation: $5 billion
Bona fides: 200 RippleNet customers, including Bank of America and American Express
Cofounders: Jed McCaleb, Chris Larsen and Arthur Britto
CEO: Brad Garlinghouse, 48, former president of AOL
For full Forbes Fintech 50 2019 coverage, see:
Full list of the Fintech 50 2019
The Future Of Personal Finance: Fintech 50 2019
The Future Of Lending: Fintech 50 2019
The Future Of Real Estate: Fintech 50 2019
The Future Of Investing: Fintech 50 2019
The Future Of Payments: Fintech 50 2019
The Future Of Wall Street: Fintech 50 2019
Fintech 50 2019: The Newcomers
The 10 Biggest Fintech Companies In America 2019
Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?
A 29-Year-Old Dominican Immigrant Is Teaching Fintech Startups How Real People Relate To Money
This Startup Is Creating A Real-Time Data Map Of The Global Economy. BlackRock And PayPal Are Buying It
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INSIDE BITCOINS NYC - Wall Street's Fair Value of Bitcoin (Panel Talk)

Hey guys - I'm the host of the Coinsider This! podcast and I recorded the following panel at Inside Bitcoins NYC on April 8, 2014 with permission from MediaBistro.
WALL STREET'S FAIR VALUE OF BITCOIN
An increasing number of Wall Street firms are beginning to make make forecasts about the price and impact of Bitcoin. From Merrill Lynch's 14 page research report that implied a fair value of $1,300 for Bitcoin, to Wedbush Securities prediction that Bitcoin represents a long term threat to Visa and MasterCard, Wall Street is taking notice. Thought leaders from Wall Street will discuss the new frameworks they're developing to understand Bitcoin, the potential value of the crypto currency, and the global impact they're telling clients that Bitcoin could have across the global financial, technological, and consumer landscape.
Lou Kerner (Moderator) - Founder and Analyst, The Social Internet Fund Gil Luria - Managing Director, Wedbush Securities George Samman - COO, BTC.sx Greg Schvey - Partner, TradeBlock Barry Silbert - Founder & CEO, SecondMarket
YOUTUBE: https://www.youtube.com/watch?v=940DzlkcuvU
COINSIDER THIS PODCAST VERSION (MP3): http://www.coinsiderthis.com/2014/04/10/coinsider-this-show-20-wall-streets-fair-value-of-bitcoin/
I hope you guys find it appropriate today!
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According to Greg Schvey , a Bitcoin researcher, its hard to distinguish lost bitcoins from those people are just saving for a rainy day. There is, however, one big clue. It starts with theblock chain, a public ledger that includes every transaction ever made within the currency. When miners verify new transactions, what theyre really doing is appending new blocks onto the block chain. Each ... Bitcoin wrapped up the week with a price of $208.90 Friday, according to CoinDesk. With no signs of a rally in the offing, the industry is bracing for the effects of a prolonged decline in prices ... Everyone in the crypto space makes use of their virtual wallet to store their digital assets and the same goes for Bitcoin. Consider a digital asset wallet like your bank account, where you deposit… With the price of bitcoin more than doubling from $3,400 to $10,000 since last year’s Fintech 50 list, it’s perhaps no surprise to see some of the largest, and most innovative cryptocurrency ... As the price of bitcoin collapsed last year from a high of $19,000 to less than $4,000, ... Cofounders:CEO Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which affords institutional procuring and selling tools for cryptocurrency. Bitfury CEO Valery VavilovBitfury. Bitfury. Amsterdam. This elephantine-provider blockchain firm expanded from its roots providing ...

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