As Business Insider reports [1], Sequioa Capital just closed a $14m funding round in the AI-based stockpicker, aka roboadvisor Vise [2]. This ties in nicely with my 10 year vision for fractionalisation blog from Saturday [3], and it is in some ways the other shoe dropping from the Charles Schwab fractional share trading story I talked about a few weeks ago [4].
Today’s story [1] is about a Reddit user who claims to have lost 40 ETH ($8,000) by sending it to the wrong address [2]. This is unusual because in principle addresses should have a checksum [3,4,5] but it is a real problem with the ill-designed ENS [6]. This leads us to a discussion of Prof Schuster’s paper on same related difficulties in the securities token space [7].
So Consensus Distributed is over, and it was great, in particular the Zoom networking part. The networking was so good in fact that I decided to establish regular networking open hours.
I am just coming out of a week of Zoom meetings at Consensus 2020 aka Consensus Distributed and it really helped me clear up my ideas about tokenisation and fractionalisation. So first of all, shoutout to everyone who took the time to network with me – you were awesome.
The US patents and trademark office today published a patent by Visa [1], the card payments network, for a digital currency issued on a blockchain [2-4]. This is not their first patent in this area [5].
As the Moscow Times expected [6] and everyone now reports [2,3,4,5] Telegram cancels its TON project. The reason cited is the SEC’s stance on the project and the on-going court case. For the STO market this sends mixed messages.
The Block reports the JPMorgan now serves Coinbase and Gemini [1] based on a story in the Journal [2,$] This is good news, especially after Barclays no longer agreed to serve Coinbase in August ago [3]. Hopefully this is good news for other crypto firms who are finding it hard to pick up banking relationships and/or having problems with their existing banking relationships [4]