The 10 year anniversary of Bitcoin's white paper | Mapping out crypto media | Harbor teams up with BitGo to power its security token platform
|Oct 31, 2018|
“I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.” — Satoshi Nakamoto
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The Big Block
Harbor is linking up with BitGo, the cryptocurrency custodian, to beef up its tokenization platform, the firm announced Wednesday.
Backed by Andreessen Horowitz and Pantera Capital among others, Harbor offers a platform for firms and other entities to issue tokenized securities as a way to raise capital. Those tokens (similarly to bitcoin, built on blockchain technology) can represent ownership in assets spanning real estate to private equity to and art. As part of the partnership, BitGo, which provides storage solutions to hedge funds and other investors trading in crypto, will store crypto raised by companies via a token offering on Harbor’s platform.
BitGo recently got approval from the South Dakota Division of Banking to operate as a qualified custodian, which is a designation many investors require in a custody bank. Coinbase and Gemini also boast the designation.
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Mapping out crypto media
One unique quality of the crypto ecosystem is the abundance of information that is freely available. Content creators know that crypto and its community are digitally native. As such, we see a diversity of available channels for community members to consume news and information. From podcasts to videos to print, crypto media, like the topics they cover are widely distributed. Whether you prefer to consume information while you are driving to work, riding the sideway, or reading your email crypto media is there to serve your need. As such, The Block has decided to take a look at the crypto media space and map out the players. — More
Analysis: Coinbase is projected to bring in $456 million in profits in 2018 despite the bear market
According to a document reviewed by Bloomberg, Coinbase is projecting to bring in $1.3 billion in revenue and $456 million in profits in 2018. Last year, Coinbase generated $923 million in revenue and $380 million in profit. This means that the revenues are projected to increase by almost 40% while profits are to increase by 20%. All this despite a bear market in cryptocurrencies that has seen prices fall by about 70% in 2018. — More
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