NBA Team Auctioning Basketball Star’s Jersey on Ethereum Blockchain

NBA Team Auctioning Basketball Star's Jersey on Ethereum Blockchain 1  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

The Sacramento Kings will auction off starting guard Buddy Hield’s jersey from Wednesday’s game against the Dallas Mavericks using a blockchain-powered marketplace. Working with ethereum project incubator ConsenSys, the Kings said Wednesday it would be live-auctioning team memorabilia using an ethereum-based platform operated by Treum, a supply-chain product. The platform will be used to verify the provenance of athletic collectibles, with auctions running during and after NBA games.  The platform will help ensure all items being sold are authentic, said Tyler Mulvihill, Treum’s co-founder.  “We’ve seen time and time again…

Bitwise Withdraws Bitcoin ETF Application With the SEC

Bitwise Withdraws Bitcoin ETF Application With the SEC 3  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Bitwise Asset Management has withdrawn its application with the Securities and Exchange Commission (SEC) for its proposed bitcoin exchange-traded fund (ETF). The firm requested the withdrawal in a filing posted with the SEC on Tuesday. While the news may disappoint those in the investment community keen to see the first ever bitcoin ETF in the U.S., the news is unsurprising. The proposal has already been rejected by the SEC in October, although the regulator said soon after that it was reviewing the rejection. The proposal, filed in conjunction with NYSE…

Ahead of Davos, What Can Cash Teach Us About Crypto?

Ahead of Davos, What Can Cash Teach Us About Crypto? 4  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jill Carlson is a Principal on the investing team at Slow Ventures. The opinions below are her own. “Transactions are slow and costly.” “What is it backed by?” “Can we conduct anti–money laundering compliance?” “There are serious security flaws.”…

IBM and Chef Aarón Sánchez Bring Food to the Blockchain

IBM and Chef Aarón Sánchez Bring Food to the Blockchain 5  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Chef Aarón Sánchez and IBM teamed up at CES 2020 to create a vision of a blockchain-based food chain. IBM’s Food Trust project, of which Sánchez is a part, aims to allow growers, grocers and cooks to track their food from seed to plate. The system, said IBM General Manager of Blockchain Services Jason Kelley, uses the blockchain simply because it is the cheapest way to get everyone –  from the farmer in the field to a tech-loving chef like Sánchez – to connect. Rather than forcing each participant to run…