Recent News

➪  They’re All Afraid of Bitcoin”: Overstock’s Patrick Byrne on Dimon & China
Overstock CEO Patrick Byrne has scoffed at recent remarks by Jamie Dimon who labeled bitcoin ‘a fraud’ while adding that the crippling measures enforced by China to ban bitcoin exchanges are decisions made out of fearing bitcoin as a decentralized ....



➪  Credit Suisse director says that blockchain is the ultimate cost-cutter
Financial services organisations have been slow to implement blockchain technology, but Credit Suisse has kicked off a number of projects to cut costs and address structural challenges and the all-important operational efficiencies. ....



➪  The Future of Blockchain and Big Banks
In the financial services industry, blockchain looms as a large but distant and somewhat mysterious presence. A few forward-thinking bankers take it seriously and are trying to figure out how to turn it to their own ....



➪  Bill Gross Says Bitcoin, Blockchain May Counter Central Banks
New financial technologies such as bitcoin may become increasingly attractive to investors as a protection against central bank low- and negative-interest-rate policies that threaten capitalism, according to billionaire bond manager Bill ...



➪  Bitcoin-Inspired Technology Starts to Reshape Currency
Bitcoin-inspired ledger technology is taking its first steps in foreign-exchange markets. Companies that provide payments systems to banks are unveiling products that use distributed ledgers to lower the costs of cross-border transactions, amid signs that ...



➪  You Don't Need to Understand Bitcoin to Use it, Study Finds
A new study has revealed misconceptions held by both bitcoin users and non-users regarding the digital currency's usability, functionality and anonymity ...



➪  Does Global Trade Need A Global Currency?
A virtual currency like Bitcoin could open up an array of new markets, while speeding the worldwide exchange of goods...



➪  Kendall Jenner to Promote Woodies Sunglasses With Los Angeles Billboard Campaign
Woodies, a fashion brand specializing in chic and eco-friendly sunglasses and watches, is capitalizing on American Fashion Model Kendall Jenner's meteoric rise to fame with a high profile billboard ...



➪  Vapor Systems Corporation To Introduce Vapor Flask™ in Europe and Asia – Vapor Systems Corporation announced today that it will market a new, proprietary vapor stick in Europe and Asia that takes recreational alcohol consumption to the next level. Similar to an electronic cigarette, this alcohol vaporizer ...


➪  Drone to fly over U.S. Open golf tournament
A chief pilot and his crew are now at Chambers Bay testing three drones and working through a safety checklist in preparation for the first ever use of drones during a live broadcast of the US Open.



➪   Chapman Aerospace Receives Federal Aviation Administration Approval to Operate Drones
As an FAA-approved drone company, Chapman Aerospace now offers a Drone Pilot Training School at its California base where FAA-certified pilots will teach students to become professional FAA-certified drone pilots who know how to fly safely and legally in order to take advantage ...





Polychain Capital offers a new spin on the cryptocurrency hedge fund



Fri 19 Aug 2016
Bailey McCann, Opalesque New York:

At the end of July, Olaf Carlson-Wee, the first employee at Andreessen Horowitz-backed bitcoin exchange Coinbase, resigned his position as Head of Special Projects in order to start his own blockchain focused hedge fund. The news sent ripples through the cryptocurrency space at the time, but the reality set in at the end of last week when Carlson-Wee's Polychain Capital made its first regulatory filing.

The San Francisco-based hedge fund will run an actively managed portfolio of blockchain-based assets. Unlike other cryptocurrency hedge funds out there, Polychain won't be amassing a portfolio of just Bitcoin or Ether. Instead, Carlson-Wee says he'll be backing all of the different parts of the blockchain world, using his knowledge as someone who has been in it since the beginning. "Conventional wisdom says to invest in companies built on the blockchain protocol, but that isn't the whole picture," he tells Opalesque. "Not that many people are going to be able to tell which are the good companies or who really has the skills."

Carlson-Wee should know. One of his early hires at Coinbase was a 14-year-old - not exactly the hire you'd expect to see hidebound VCs or investors make. Carlson-Wee has the kind of egalitarian view of blockchain that you only get from someone who is focused on building something, not just arbitraging it. The way he describes Polychain sounds a bit like a hybrid between a research lab, angle investment platform and a hedge fund.

"Blockchain is at a point right now where backing entrepreneurs who understand what they're doing is going to result in the biggest gains, even if they aren't the traditional places where you'd see VC money go, for example. If you wait you're probably going to miss most of the big moves," he says. "I have yet to see a diversified portfolio of assets from someone who really knows the industry." While that may sound like the hubris you get from any fund manager, he also has a point. Carlson-Wee didn't come to the blockchain purely by being a coin mining enthusiast. He wrote his graduate thesis on blockchain before joining Coinbase. At Coinbase, he served as Head of Risk, in addition to having a hand in literally building its blockchain asset exchange and is also an expert in private key security. If he has ideas about the future of blockchain, it's probably because he's actually thought about building it and knows the others who are.

For Polychain, Carlson-Wee is using his security background to create a more distributed and harder to attack form of security for the assets in Polychain's portfolio.

Polychain's returns are likely to be uncorrelated to the broader market, given that cryptocurrencies move more freely than traditional currencies and because their attendant businesses also have fewer ties to the traditional economy. "This is an industry that's just beginning to get off the ground," he explains. "New currencies and applications are being developed that are stronger and have greater security and rules built in. We haven't thought of all of the ways this technology could be used yet." The fund will officially launch on August 26 with an undisclosed group of initial investors.




Kendall Jenner to Promote Woodies Sunglasses With Los Angeles Billboard Campaign

HONG KONG, November 3, 2015

Woodies, a fashion brand specializing in chic and eco-friendly sunglasses and watches, is capitalizing on American Fashion Model Kendall Jenner's meteoric rise to fame with a high profile billboard campaign in downtown Los Angeles throughout the summer of 2016. Woodies owns unlimited rights and usage to Kendall's photos and expects sales and corporate profitability to skyrocket as a result of the campaign.
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Bitcoin Is Suddenly Surging Again

New York, November 2, 2015

After a blockbuster 2013, the digital currency tumbled throughout 2014 on negative headlines, such as the February 2014 bankruptcy filing of Mt. Gox, a Tokyo-based Bitcoin exchange. Since then, the currency has been bouncing back and forth between $200 and $300.


That is, until now.
Bitcoin has embarked on a seven-week winning streak, the longest since November 2013, according to Bloomberg data. Industry experts and insiders have a range of reasons for the recent surge.
Read More...






Vapor Systems Corporation To Introduce Vapor Flask™ in Europe and Asia

LONDON, October 1, 2015

Vapor Systems Corporation announced today that it will market a new, proprietary vapor stick in Europe and Asia that takes recreational alcohol consumption to the next level.


Similar to an electronic cigarette, this alcohol vaporizer (Vapor Flask™) lets users inhale rather than drink alcohol. The vapor flask readily separates so that the user can pour alcohol into a glass chamber that is subsequently heated to form alcohol vapor that then travels to a secondary chamber for inhalation. This transpires in a clean and convenient fashion that maintains the flavor of the particular alcohol of choice placed in the Vapor Flask™.
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Drone to fly over U.S. Open golf tournament

Chambers Bay, June 15, 2015

A chief pilot and his crew are now at Chambers Bay testing three drones and working through a safety checklist in preparation for the first ever use of drones during a live broadcast of the US Open.


A month-long city ordinance bans the use of all other drones in University Place, home of Chambers Bay. University Place City Attorney Steve Victor says the ordinance was passed unanimously in March by city council members at the request of the United States Golf Association.
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Chapman Aerospace LLC Receives Federal Aviation Administration Approval to Operate Drones and Launches Drone Pilot Training School

Hawthorne, June 11, 2015

Chapman Aerospace announced today that the Federal Aviation Administration (FAA) has authorized it to operate unmanned aircraft systems (drones) at or under 200 feet.


As an FAA-approved drone company, Chapman Aerospace now offers a Drone Pilot Training School at its California base where FAA-certified pilots will teach students to become professional FAA-certified drone pilots who know how to fly safely and legally in order to take advantage of turnkey opportunities in an emerging industry.
Read More...