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Bitcoin News Sunday, May 13 Consensus three-day conference, New york, Blockchain technology & more…

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Bitcoin conferences flood New York, and bring millions in ticket sales with them

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  • Cryptocurrency conferences are still a massive business, even if bitcoin’s price has plunged this year.
  • The bitcoin conference that began with 400 attendees three years ago is now the centerpiece of a full-blown Blockchain Week NYC, an event run in partnership with the New York Economic Development Corporation.
  • Last year’s conferences helped drive the surge of attention on cryptocurrencies.
  • Prices then skyrocketed over the rest of the year, drawing Wall Street’s interest and topping $10,000 for the first time after the Consensus Invest conference in November.
  • Consensus does have a reputation of, if you speak at that event you’re on the map, said Michael Oved, co-founder of a token exchange called AirSwap, and organizer of a blockchain conference called Fluidity, which took place Thursday.

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Big Banks are Investing Heavily in Blockchain and Crypto: $364 Billion Investment Firm

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  • Steve Chiavarone, a portfolio manager at Federated Investors, a US-based investment firm that oversees $364 billion in customer assets, stated that blockchain technology will drive the fourth industrial revolution, echoing the stance of many large-scale investors and politicians, including Seoul mayor Park Won-soon.
  • Chiavarone stated that many major banks have started to invest heavily in the blockchain and cryptocurrency sector to facilitate the growing demand from banks for cryptocurrencies and blockchain technology.
  • Chiavarone emphasized that if blockchain startups and networks can succeed in replacing back offices, extensive labor, and eliminate costs involved in running supply chains, blockchain technology could lead the next industrial revolution.
  • Whether it be Nvidia or Intel, or any kind of company thats around processing power that enables blockchain verification or the beneficiaries of it [are good investments], said Chiavarone, noting that merely investing in companies that may benefit from blockchain technology is a smart investment strategy.
  • The sole beneficiaries of the growth of the blockchain sector including cryptocurrency businesses, blockchain startups, and blockchain networks will likely experience an exponential increase in value, as banks like Bank of America continue to drive investments into the space.

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Blockchain Will Be Theirs, Russian Spy Boasted at Conference

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  • SAN FRANCISCO Last year, representatives of 25 countries met in Tokyo to work on setting international standards for the blockchain, the technology that was introduced by the virtual currency Bitcoin and has ignited intense interest in corporate and government circles.
  • Some of the technologists at the meeting of the International Standards Organization were surprised when they learned that the head of the Russian delegation, Grigory Marshalko, worked for the F.S.B., the intelligence agency that is the successor to the K.G.B.
  • They were even more surprised when they asked the F.S.B. agent why the Russians were devoting such resources to the blockchain standards.
  • Look, the internet belongs to the Americans but blockchain will belong to us, he said, according to one delegate who was there.
  • The Russian added that two other members of his countrys four-person delegation to the conference also worked for the F.S.B.

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Warren Buffett on bitcoin: It doesn’t produce anything except more buyers looking to sell

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  • Billionaire Warren Buffett took another swipe at bitcoin on Monday, explaining why he’s shunning the cryptocurrency.
  • The asset itself is creating nothing, the Berkshire Hathaway chairman and CEO said on CNBC’s Squawk Box from Omaha, following Berkshire’s annual shareholder meeting.
  • When you’re buying nonproductive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along.
  • On Saturday, Buffett said bitcoin is probably rat poison squared, while Vice Chairman Charlie Munger said during the annual meeting that trading in cryptocurrencies is just dementia.

[/vc_column_text] [vc_column_text el_class=”topfeed-tags”] Tags: Billionaire Warren Buffett, Squawk Box, Berkshire Hathaway chairman, annual shareholder meeting, largely speculative assets [/vc_column_text] [/vc_column] [vc_column width=”1/2″] [vc_separator] [vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text] [vc_column_text el_class=”topfeed-embedly”] Warren Buffett on bitcoin: It doesn’t produce anything except more buyers looking to sell [/vc_column_text] [/vc_column] [/vc_row] [vc_row el_id=”_2018_05_13_bitcoin_conferences_flood_new_york_bringing_millions_in_ticket_sales_html___source_twitter_7cmain”] [vc_column width=”1/2″] [vc_separator] [vc_column_text]

Bitcoin conferences flood New York, and bring millions in ticket sales with them

[/vc_column_text] [vc_column_text el_class=”topfeed-summary-list”]

  • Cryptocurrency conferences are still a massive business, even if bitcoin’s price has plunged this year.
  • The bitcoin conference that began with 400 attendees three years ago is now the centerpiece of a full-blown Blockchain Week NYC, an event run in partnership with the New York Economic Development Corporation.
  • Last year’s conferences helped drive the surge of attention on cryptocurrencies.
  • Prices then skyrocketed over the rest of the year, drawing Wall Street’s interest and topping $10,000 for the first time after the Consensus Invest conference in November.
  • Consensus does have a reputation of, if you speak at that event you’re on the map, said Michael Oved, co-founder of a token exchange called AirSwap, and organizer of a blockchain conference called Fluidity, which took place Thursday.

[/vc_column_text] [vc_column_text el_class=”topfeed-tags”] Tags: Consensus three-day conference, Consensus conference attendance, New York, co-founder Jack Dorsey, New York City [/vc_column_text] [/vc_column] [vc_column width=”1/2″] [vc_separator] [vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text] [vc_column_text el_class=”topfeed-embedly”] Bitcoin conferences flood New York, and bring millions in ticket sales with them [/vc_column_text] [/vc_column] [/vc_row]