The Hot Sheet: Time to Dash

Blockchain, FinTech, ICO News, News | March 24, 2017 By:

It’s Friday, which means it’s time to Dash, ponder whether developers really are concerned over the hard fork, and decide why venture capitalists are taking more interest in ICOs.

Today’s most interesting stories around the web:

  1. Coindesk reports developers say, “We don’t need no stinkin’ fork”
  2. Groucho must be smling at this Bitcoin magazine report.
  3. But will there be free drinks at these online casinos?
  4. Cryptocoinnews.com says you can Dash for cash.
  5. Venture Capitalists Taking More Interest in ICOs, says Harvard Business Review

NOTABLE QUOTES:

  1. Jason Hamilton, a bitcoin trader in the U.S., told CNBC that the long-term supporting trend line for bitcoin is around $735, and that bitcoin is in a bubble right now. He said that a potential upcoming fork, as well as the rejection of the ETF and tighter regulation in China, is the reason he is shorting the digital currency. “All these reasons are the catalysts it needs for the bubble to burst and the long term trend line to be revisited,” Hamilton told CNBC by a private Twitter message.
  2. Chris Burniske of ARK, via Twitter: “While #bitcoin has been volatile over the last month, when compared with other #cryptoassets it still looks like the adult in the room.”
  3. Andrew Parker, partner, Spark Capital, in an interview with Digiday: “But the trend that I find overhyped is using the blockchain to solve problems that don’t fit this general use case of a group of untrusting counterparties. The trend that has passed its prime is using the blockchain to solve problems that are more easily and efficiently solved using boring old open-source database software (often run and owned by a single party).”