Overstock.com’s Stock Shares Soar in Relation to Bitcoin

Overstock.com's Stock Shares Soar in Relation to Bitcoin

The e-commerce dark horse, Overstock.com, has experienced stock shares soar as a result of their acceptance of bitcoin and blockchain. Speculation in digital currency has mirrored its effect on Overstock’s shares. According to a CNBC article, the company closed Tuesday up about 11.6%. It briefly soared 14 percent prior to that close. 

Also read: Trump’s Attorney General Jeff Sessions: ”Bitcoin is a big problem”

Overstock.com's Stock Shares Soar in Relation to Bitcoin

The CNBC article elaborated: “Shares of Overstock.com closed up nearly 11.6 percent Tuesday after briefly surging more than 14 percent. The stock has hit four-year highs on mounting excitement around the company’s venture into blockchain, the technology behind bitcoin.”

Bitcoin’s Impact on Company Shares

Overstock’s share price has begun to skyrocket alongside other company’s interest in blockchain as well. For instance, IBM and JPMorgan Chase have declared interest in the nascent technology. They recently announced interest in building blockchain payment networks or accepting bitcoin.

Furthermore, bitcoin has “shot up six times in value” this year, according to the article. Interestingly, overstock’s share price has mimicked the short term volatility of bitcoin. It seems to surge and then decline with intense ferocity in the same manner as a crypto market.

Overstock’s shares swing with a volatility resembling the speculation often seen in digital currencies like bitcoin. A high 14 percent of shares available for trading are also sold short, or in anticipation of a decline in price, according to FactSet.

Overstock’s Foray into Blockchain

The company has been building its bitcoin and blockchain acceptance strategy for awhile now. Overstock.com was one of the first major company’s to begin accepting online bitcoin payments. They were also the first to start accepting a wide array of crypto payments by integrating Shapeshift functionality. News.Bitcoin.com covered the news when it broke.

Overstock.com's Stock Shares Soar in Relation to Bitcoin

“Overstock just became the first major retailer to accept bitcoin cash and altcoins at the point of sale for payment. They announced a partnership with Shapeshift.io to streamline the process. Now Overstock customers can transact via Shapeshift’s native API easily using Bitcoin Cash, Monero, Litecoin, Ethereum, and more.”

The company’s CEO, Patrick Byrne, started a whole division for utilization of blockchain within Overstock. Over the last three years he developed this division, which is called Medici Ventures. According to the CNBC article, it has emerged as a front-runner in applying blockchain technology to trading stocks and digital tokens.

Overstock’s stocks have a market capitalization of $830 million, with ample room for more growth.

What are your thoughts on Overstock’s soaring price shares? Does this mean company’s that leverage bitcoin and blockchain will benefit off of this new economy? Tell us in the comments below!


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Italian Auction House is First to Allow Bidding with Bitcoin

Italian Auction House is First to Allow Bidding with Bitcoin

Sant’Agostino, an Italian auction house, is the first to let people bid and settle with bitcoin. Auctioneers determined it will be the first one to allow for bitcoin to enter into the realm of auctioning. This brings bitcoin into yet another aspect of commercial and economic life. 

Also read: A Look at Five Different Cryptocurrency Hardware Wallets and Prices

A Geo TV article originally covered the story: “ROME: Italian auction house Sant’Agostino said Wednesday bidders at its next sale will be able to settle up in bitcoin, a world first according to the auctioneers.”

Italian Auction House is First to Allow Bidding with Bitcoin2

The First Items for Auction via Bitcoin Bidding

The auction is slated to sell roughly 600 items, which include furniture and other household objects. All of the items can be purchased with bitcoin via the bidding process. Furthermore, the following  Sant’Agostino auction — which will include bidding on jewelry, watches, and art pieces — will also accept bitcoin as part of the settlement process.

Paying with the crypto currency will also be allowed at the following auction at the end of November which will feature paintings, jewelry and watches.

This means there could be a movement developing in this particular area of retail services, and spur more popularity for bitcoin and other cryptocurrencies.

Previous Public Auctions Where Bitcoin Was Sold

However, even though this Sant’Agostino boasts the first “private” auction for items with bitcoin, there have been public auctions were bitcoin itself was auctioned off.

Italian Auction House is First to Allow Bidding with Bitcoin

These auctions have not been held under positive circumstances, though. They have come into existence after government seized coins from someone they arrested. For instance, in the famous Silk Road case, many of the coins allegedly taken from Ross Ulbricht were publicly auctioned. News.Bitcoin.com covered the story:

“The last auction the government held was for the final blocks of the seized Silk Road coins. This particular sale also includes money coming from the Silk Road marketplace, with bitcoins seized from special agent Carl Force.”

The total amount of coins were 2,719, which include coins from the Silk Road and other cases. South Korea also recently held their first bitcoin auction of 216 coins, which were also taken from alleged criminals.

What do you think about private auction houses getting involved in bitcoin? Will  we see even more auction houses and other private enterprises start getting into cryptocurrency? Let us know in the comments below!


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Cyber Crimes Unit to Catch Sexual Predators By Mining Bitcoin

Cyber Crimes Unit to Catch Sexual Predators By Mining Bitcoin

A Benton County Arkansas Cyber crimes police unit said they intend to catch child pornographers and sex criminals by mining bitcoin. The county’s sheriff, Shawn Holloway, said that technology is evolving rapidly. In this sense, law enforcers must remain a step ahead to keep up with nascent trends in criminality. This is especially true when it comes to “cyber crime” and dark web activity. 

Also read: UK Police Force Investigate the Defunct Mintpal Exchange and Owner

Cyber Crimes Unit to Catch Sexual Predators By Mining Bitcoin

A local news article said, “Today the sheriff announced that members of their cyber crimes unit will now be “mining” bitcoins as a way to catch sexual predators and other criminals who are using the secret web browsers.”

This method will likewise help educate police personnel on cryptocurrency technologies.

Law Enforcement to Buy Child Pornography with Bitcoin to Catch Offenders

The law enforcement unit plans to mine bitcoin and use it to buy child pornography. Then they will travel to arrest the offending suspect. A Detective for the department, David Undiano, clarified:

People are selling child pornography on the dark web and on the internet. They are accepting bitcoins, not payments. We can’t use the sheriff’s office credit card, and we cant exchange child pornography. We need some type currency to get this and then identify who we are getting it from. That way, we can go arrest that person.

The detective said the department is mining bitcoin in order to conceal themselves from the criminal element. This allows them to set up sting operations and catch pedophiles and other unsavory types without them knowing.

Parents Night Out Event

The Benton county department intends on having a parents night out event to educate parents on how the dark web works. The event runs on Thursday from 6 to 8 PM, according to the local news site. During the event, law enforcement will teach parents about the dark web and show them how to protect their children.

Cyber Crimes Unit to Catch Sexual Predators By Mining Bitcoin

The department is conducting this educational meeting, because the FBI recently said there has been a rise in the number of people trading bitcoin for child pornography, buying drugs, and engaging in human trafficking.

“According to the Federal Bureau Investigation, there’s been a rise in the number of people using bitcoin to trade or distribute child pornography, to buy drugs illegally and for prostitution or human trafficking.”

However, the site did not mention all the fiat dollars involved in the aforesaid furtive transactions.

Do you think cops mining bitcoin to catch sexual predators is a good thing? What do you think about the police trading bitcoin for child pornography? Let us know in the comments section below.


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Dutch Bank Flustered Over the Amount of Electricity Bitcoin Consumes

Dutch Bank Flustered Over the Amount of Electricity Bitcoin Consumes

Dutch bank ING is flustered over the fact bitcoin consumes so much energy. Recently, the bank released a report saying bitcoin transactions consume as much electricity as a house does in a month. They seem to believe this is problematic, since traditional electronic payment methods do not use near as much energy, according to the bank. They went on to say fiat cash will still be how people get paid and pay taxes. 

Also read: Bitmex Exchange and Samourai Wallet Details Plans on How to Handle Upcoming Forks

How Much Energy Bitcoin Consumes

Dutch Bank Flustered Over the Amount of Electricity Bitcoin Consumes

An ING senior economist, Teunis Brosens, explained why power usage is so high. “By making sure that verifying transactions is a costly business, the integrity of the network can be preserved as long as benevolent nodes control a majority of computing power.”

The economist then went on to compare bitcoin energy consumption to his household appliances. A Business Insider article captured his thoughts:

This number needs some context. 200 kWh is enough to run over 200 washing cycles. In fact, it’s enough to run my entire home over four weeks, which consumes about 45 kWh per week costing €39 of electricity (at current Dutch consumer prices).

Trusted Third Parties Equals Less Energy Consumption

The ING banker went on to mention that bitcoin’s energy usage model stands in “stark contrast” with legacy financial systems’ energy consumption. He said bitcoin consumes an “exponentially larger” amount of energy. The banker made it seem as if Bitcoin were going to drain all the world of electricity if people do not continue to use the old, “trusted” payment gateways.

The Business Insider article provided the banker’s quote: “Bitcoin’s energy costs stand in stark contrast to payment systems that have the luxury of working with, trusted counterparties. E.g. Visa takes about 0.01kWh (10Wh) per transaction which is 20,000 times less energy.”

Dutch Bank Flustered Over the Amount of Electricity Bitcoin Consumes

Fiat Money is Here to Stay, Say the Bankers

The ING banker concluded by saying that fiat money is here to stay. People will still continue getting their salaries paid in fiat, and they will continue paying tax in fiat. The banker seemed to imply that innovation was unnecessary and legacy financial systems were here to stay, because government and central banks said so. It will be interesting to see what people think about the energy consumption of bitcoin compared to legacy system electricity usage.

Do you agree with the bankers? Does bitcoin power consumption cause a problem? Should people rely on centralized, trusted third parties since energy consumption is so high? Let us know in the comments section below.


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Coinbase Users Can Now Use Bank Accounts to Instantly Purchase Cryptocurrency

Coinbase Users Can Now Use Bank Accounts to Instantly Purchase Cryptocurrency

San Francisco-based company Coinbase just announced they will allow customers to buy bitcoin, ethereum, and litecoin instantly with bank accounts. Each customer can buy up to $25,000 with this service. Previously, people could only conduct instant purchases with debit cards. This service requires users to provide their account numbers and routing numbers. 

Also read: The Pirate Bay Resumes Running In-Browser Javascript Cryptocurrency Miners

Coinbase blog said, “We are excited to announce the ability for customers to instantly purchase digital currency using a US bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000 and receive access to their digital currency immediately.”

Coinbase Users Can Use Bank Accounts to Instantly Purchase Cryptocurrency

Trusted Cryptocurrency Service Provider and Bitcoin Price

Coinbase decided to make this move so they could become one of the most trusted cryptocurrency exchange businesses. Their mission is to make Coinbase the safest and most secure exchange in the crypto ecosystem.

Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers.

This faster transaction for higher amounts of money may kickstart even more fervor and enthusiasm for cryptocurrency. At the time of writing, bitcoin’s price sits at $5273.53, and now large purchases via bank accounts are accessible. Since Coinbase is the largest exchange servicing the US, this could mean more bitcoin adoption, further catapulting the digital currency’s price.

Purchases are Now Live for US Customers

The service is now live for US customers according to the announcement on the CoinbaseCoinbase Users Can Use Bank Accounts to Instantly Purchase Cryptocurrency blog. They intend on extending the service to customers in other territories in coming months. The site said customers will receive an email saying when instant purchases will be available for their account. The blog post noted purchases are limited to $25,000, but this amount may vary from customer to customer.

“Instant bank purchases are now live for many of our customers in the US, and we will expand availability over the coming months. You will receive an email when instant purchases become available for your account.”

What do you think about this instantaneous cryptocurrency purchasing service with bank accounts? Is Coinbase on the right track? Let us know in the comments section below.


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Swedish Officials Settle First Debt in Bitcoin

Swedish Officials Settle First Debt in Bitcoin

Swedish officials with the Swedish Enforcement Authority has settled a debt with bitcoin. This is the first time the enforcement agency in the country accepted bitcoin as payment rendered for debt owed to the State. 

Also read: Panama City Strip Mall Merchants Embrace Bitcoin Customers

New Asset For Use by the Swedish Enforcement Authority

An officer working with the authority said bitcoin is a new asset, and it provides their organization with more access to handling problems. It also allows their citizenry to have alternative methods for payment.

”You find assets not only in the driveway or the living room, but also on the internet. We are used to dealing with the banking system. This is another sort of asset, and a particular way to ensure [the sort of access] we haven’t had before,” says Johannes Paulson, in charge of operations development at the Swedish Enforcement Authority.

In this regard, it seems the Swedish Enforcement Authority will likely continue accepting bitcoin for debts citizens wish to settle.

Auctioning the Coins to the Citizens

The coins they received for the debt, however, will not remain in the authority’s possession. The agency claimed 0.6 bitcoin, worth about 23,000 Swedish krona, or $2850 at the time of receipt. However, they will be placing the coins on auction and selling them to the highest bidder. A Business Insider article elaborated:

“This has also opened up an opportunity for the public to make bargains in bitcoin, as the digital currency will be sold to the highest bidder in an online auction that takes place on October 12th.”

The auction will take place, according to authorities, because there is no state-sanctioned infrastructure to accept bitcoin into savings.

The authorities also commented on the fact that a lot of crime is being conducted in bitcoin as well, but they have not been able to get into wallets easily previouly — or know all the criminals involved in making bitcoin transactions. In this case access to the bitcoin was possible due to the fact that the debtor agreed to transfer the amount to the authorities.

What do you think about Swedish officials settling a debt in bitcoin? Should the Swedish government auction off the coins after they accept them? Let us know in the comments below.


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IMF Chief Lagarde Tells Central Bankers: “Not Wise to Dismiss Virtual Currencies”

IMF Chief Lagarde Tells Central Bankers: "Not Wise to Dismiss Virtual Currencies"

Christine Lagarde, head of the IMF, warns central bankers that bitcoin is rising. She has told them not to discount digital currencies, because they are gaining more adoption and traction. Lagarde addressed this issue in a conference Friday in London. She said digital currencies might give existing currencies “a run for their money.”

Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar

An ABC News article quoted her: “In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money. The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve.”

Digital Currencies are Still in Their Infancy

IMF Chief Lagarde Tells Central Bankers: "Not Wise to Dismiss Virtual Currencies"
Christine Lagarde

Lagarde went on to say that digital currencies will not replace the current currencies anytime soon. She believes bitcoin is still too volatile. This is why many institutional investors are still waiting on the sidelines. However, the time will come when they decide to jump in.

“For now, Lagarde said, digital currencies are unlikely to replace traditional ones, as they are ‘too volatile, too risky, too energy intensive and because the underlying technologies are not yet scalable.’”

She also mentioned that high profile cases of exchange hacks, like the Mt Gox debacle, has caused mainstream investors to be wary of big investments into the space.

Technical Innovations Will Push Bitcoin Into the Limelight

Nonetheless, Lagarde said there will inevitably and undoubtedly be more technical innovation. These digital currencies will continue to grow and thrive. She said, just like the internet, cryptocurrencies will scale and quickly slither their way into the mainstream consciousness. In other words, central bankers should not ignore the technology or underestimate it. The ABC news article quoted her:

Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays, so I think it may not be wise to dismiss virtual currencies.

Furthermore, Lagarde believes computers will be able to assist governments and other organizations. They will be able to set policies, perform bureaucratic tasks, spot bubbles, and manage other aspects of the financial system.

Mainstream Awareness and Other Perspectives

IMF Chief Tells Central Bankers Not to Underestimate Bitcoin

From the mainstream perspective, Lagarde represents a growing number of influential people who recognize the power of bitcoin and blockchain. However, there are still those who disagree or believe bitcoin is bound to break. People like Jamie Dimon and Jordan Belfort recently called bitcoin a fraud. Not to mention, China recently banned ICOs and acted to ban some bitcoin exchanges.

However, these comments and actions did not harm bitcoin. For every negative comment or publicity, there are positive comments and activities. For instance, Japan recently endorsed 11 exchanges and became Asia’s dominant bitcoin hub. The love of bitcoin and cryptocurrency seems to be accelerating at a greater pace despite significant push back.

Do you think the central bankers will respond to Lagarde? Will the mainstream fully embrace bitcoin soon? Let us know what you think in the comments below.


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Japan Endorses 11 Different Crypto Exchanges, Turns Into Friendliest Asian Bitcoin Market

Japan’s Finacial Services Agency (FSA) announced last Friday that they are endorsing 11 different cryptocurrency exchanges. This sets Japan on a path to becoming the headquarters for everything Bitcoin, especially since China recently crippled their crypto market by banning exchanges. This means Japan now represents one of the most cryptocurrency-friendly countries in Asia. 

Also read: India’s Multi-Currency Exchange Will List Bitcoin Cash in Two Weeks

Bitflyer CEO Comments on Japan’s Pro-Bitcoin Attitude

One of the exchanges the FSA endorsed was Bitflyer, which is the largest Bitcoin Japan Endorses 11 Exchanges, Turns Into Friendliest Asian Bitcoin Marketexchange in Japan. This is momentous news for trading volume and Bitcoin adoption in the country. In a press release, Bitfyler CEO Yuzo Kano, elaborated on the situation:

“Japan has been exploding with demand for both Bitcoin trading as well as virtual currency services. The FSA’s approval for bitFlyer to operate as a Registered Virtual Currency Exchange, and the agency’s openness and forward thinking regulation could not come at a better time for the Blockchain space.”

The bitFlyer press release stated the company will continue to leverage its 800,000 strong user base to grow the Bitcoin ecosystem in Japan and around the world. To view bitFlyer’s official exchange registration documentation click here: bitFlyer-Virtual-Currency-Exchange-Registration

Other Recent Bitcoin News Out of Japan

Overall, Japan has been a leader for greater Bitcoin and cryptocurrency adoption. Back in April, they made Bitcoin into a nationally accepted legal currency. Ever since then, a multitude of companies have began accepting the digital currency. One of Japan’s largest travel agencies even started taking Bitcoin through bitFlyer. H.I.S. Co. Ltd adopted it on September 23. Kevin Helms, writing for news.Bitcoin.com, covered this last week:

H.I.S. Co. Ltd will start accepting Bitcoin payments on September 23 through bitFlyer, as announced by both companies on Tuesday. The transaction amount for purchases will be limited to the equivalent of 2 million yen.

There is more incoming news, though. According to the bitFlyer press release, a consortium of 120 Japanese banks will begin exploring different ways to upgrade their banking infrastructure for Blockchain technology application. Various sources are saying this new infrastructure will use the J-coin cryptocurrency.

An MIT article talked about J-Coin, saying, “The idea for J-Coin is that it would sit alongside the Japanese yen, exchanged at a one-to-one rate, and be offered as a free service. In return, the banks that operate it would get detailed data on how people use it (as we’ve discussed before, that will indeed make people easier to track).”

Japan Endorses 11 Exchanges, Turns Into Friendliest Asian Bitcoin Market

Japan and Bitcoin’s Future

The aforesaid news sets the stage for Japan’s transition into the largest and friendliest AsianJapan Endorses 11 Exchanges, Turns Into Friendliest Asian Bitcoin Market player in the cryptocurrency market. This occurred after China lost trading volume as a result of its crackdown on both ICO’s and exchanges. This catapulted Japan forward as an Asian leader in the cryptocurrency ecosystem.

A Reuters article mentioned Japan’s growth and its relation to recent surges in bitcoin’s price: “Trading in bitcoin and other cryptocurrencies among Japanese investors has gained momentum this year, helped by the legal recognition as well as spectacular surges in the price of Bitcoin and Ethereum.”

What do you think about Japan endorsing these cryptocurrency exchanges? Will Japan remain the friendliest Asian Bitcoin market? How big is this news? Let us know in the comments below.


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Bahrain May Adopt Bitcoin and Issue Bonds in Digital Currency

Bahrain

The Middle East island country of Bahrain is becoming interested in bitcoin and cryptocurrency. Their government hopes to be on the cutting edge of fintech innovations. Khalid Al Rumaihi, the chief executive of the Economic Development Board of Bahrain, mentioned the country has been eyeing the blockchain sector for some time. He hopes Bahrain can “issue bonds on digital currency.” 

Also read: Korea Starts On-Site Inspections of Bitcoin Exchanges

Regulatory Sandbox for Bitcoin in Bahrain

According to a Hindu business site, Bahrain wants to implement a regulatory sandbox forBahrain May Adopt Bitcoin and Issue Bonds in Digital Currency bitcoin to experiment with blockchain technology. The site quoted Rumaihi, “This [regulatory sandbox] is much like Singapore and what the UK is looking at. This is not just talk. We have launched it. You can go to the website and application process is clear. We are open for business.”

The country is open for business indeed. They recently put the regulatory sandbox into action. One news source said four businesses have already applied. Only two had currently been approved. The site specified:

Rumaihi said the Bahrain Central Bank had recently put in place Regulatory Sandbox regulations and as many as four companies had so far applied in this regard. Two of the four had already received approval from the central bank.

Bahrain: A Pioneer in the Fintech Space

Bahrain is excited to adopt crypto experimentation within their economy in order to move Bahrain May Adopt Bitcoin and Issue Bonds in Digital Currencyahead of the crowd. They want to be innovative. They want to be high tech. An Arabian business site quoted Rumaihi. He said, national adoption of blockchain technology will enable the island nation to become a leader in the burgeoning ecosystem.

Rumaihi added that the whole financial industry is in the midst of being disrupted by blockchain technology. Now blockchain will unlock a whole new era for personal transactions through the internet, according to the Bahrain government. It will totally reshape the fiduciary landscape, they believe. In this regard, he hopes Bahrain can develop a thriving blockchain ecosystem.

Blockchain will unlock so many different possibilities for business in the way email and internet did years ago. What would prevent Bahrain from becoming a leader in this space in the same way Singapore is?

Regional Fintech Ecosystem

Bahrain May Adopt Bitcoin and Issue Bonds in Digital Currency

Besides Bahrain, it appears that other Middle East and Gulf states plan to create a lush fintech environment. The UAE and other zones in the area hope to benefit from blockchain and crypto-financial technologies. They are in the process of appointing fintech regulators to help the area grow and stabilize with this new technology.

The Arabian business site summarized, saying, “Other Gulf states have announced plans to develop the regional fintech ecosystem, such as the UAE, where financial free zone the Abu Dhabi Global Market (ADGM) has unveiled plans to establish a fintech regulator and signed cooperation agreements with fintech players.”

What do you think about Bahrain getting so involved in cryptocurrency? Is this good for the Middle East? Is it good for bitcoin? Let us know in the comments section below.


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Nexus Earth Conference Explores Potential of Blockchain Technology

Nexus Earth Conference

The first Nexus Earth conference kicked off this last weekend in Aspen, Colorado. It ran from September 21 to 23. The Nexus Earth team referred to the event as the “dynamic think tank” of the year. Leaders in many disparate fields came together and discussed the future of blockchain and society. These individuals represented the cryptocurrency, finance, technology, political, and economic ecosystems. They explored the future of blockchain technology and its implications for society.

Also read: Bitcoin Software Wars: The Case Against Replay Attack Protection

Nexus Earth Conference Explores Potential of Blockchain Technology
Terry Brock, left, with Ron Paul at Nexus.

Nexus Speakers

The Nexus Earth team created the conference and it was conducted by Jonathan Hazel. Terry Brock had the role as the Master of Ceremonies. He ensured the speakers stayed on schedule. The Nexus Earth website showed the large number of speakers in attendance, including big names such as Bitcoin.com’s Roger Ver; libertarian presidential candidate Ron Paul; and former wrestler and governor Jesse Ventura. The site mentioned many of the speakers:

“Cryptocurrency/Blockchain/Tech world experts including Roger Ver, Charles Hoskinson, Colin Cantrell, Arry Yu, and Brett Tabke will be among the many present from this growing industry. The Conference features Jesse Ventura, Dr. Ron Paul, Dennis Kucinich, and others from the political world. Peter Schiff, Doug Casey, Ellen Brown, G. Edward Griffin, Catherine Austin Fitts, Max Keiser, and other well-known names from the financial sector will be giving presentations. Business and industry leaders such as David North, Jim Cantrell, Perianne Boring, and many others will be represented. Younger leaders such as Elizabeth Mccauley, Sterlin Luxan, Adam Kokesh, Christina Tobin, Derrick Broze, Jeff Berwick, and others will be on hand. Judge Andrew Napolitano, the great Ed Asner, and others from television and film will be attending and joining the discussion. Musicians such as Tatiana Moroz, Jordan Page, and others will be performing and speaking.”

Nexus Earth Conference Explores Potential of Blockchain Technology
Jesse Ventura Interviews Roger Ver about Bitcoin.

Nexus Experience

The overall Nexus conference experience was beyond amazing. The speakers all provided prepared and stimulating presentations. For instance, Edward G. Griffin, author of “The Creature from Jekyll Island” gave a frightening overview of the Federal Reserve Bank. Derrick Broze discussed his spiritual journey and how he is spreading freedom with holistic anarchy and freedom cells. Roger Ver provided an enticing look at the libertarian “non-country” he plans to purchase. Colin Cantrell divulged detailed and exciting information about how the Nexus cryptocurrency will defeat quantum computing and scale without hangups.

There were also a myriad of panels about topics such as Ross Ulbricht, where his mother Lyn gave information on how the corrupt federal government gave her son an unfair trial. I was on a panel about how artificial intelligence and quantum computing would affect AI. There was a diverse array of talks, and for a first-time-conference it was practically flawless. Besides the official conference activities, there were also reporter interviews, conversations, and documentary rehearsals happening behind the scenes.

Nexus Earth Conference Explores Potential of Blockchain Technology
Colin Cantrell Speaking on the Architecture of Nexus Coin.

Nexus Earth Cryptocurrency and Conference Purpose

The conference was created by the Nexus Earth cryptocurrency team, which was created originally by Colin Cantrell. The purpose of the currency was to “decentralize the decentralization,” as Cantrell put it. The hope is to continue freeing the world and making crypto-systems easier to use and more advanced. Cantrell and his team tried to make these ideas more prominent with the conference. The Nexus website elaborated:

The Nexus Conference is a unique event with a distinct purpose. Cryptocurrency and the blockchain are becoming more mainstream as folks from many different backgrounds realize the potential. The technology touches so many different industries and fields. This event brings brilliant minds from different backgrounds together…The Nexus Conference is about sharing ideas, not just business cards. Come to Aspen and be a part of this historic inaugural event that promises to be like no other conference that you’ve ever attended.

It is true. The conference was like no other. It was truly phenomenal.

What do you think about the Nexus conference? Will you attend it? Let us know in the comments below.


Images via Shutterstock, Nexus Earth, and Roger Ver.


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