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Crypto

Addressing the dark side of the crypto world — IMF Blog

We should take a step back and understand the peril that comes along with the promise of crypto-assets, Christine Lagarde, managing director of the International Monetary Fund, writes in a blog post. Here is the link: https://blogs.imf.org/2018/03/13/addressing-the-dark-side-of-the-crypto-world/

Uber Creator Invents New Cryptocurrency—And Wants Your Help Making It Reality — Fortune

Uber’s cofounder has resolved to invent his own riches. Fortune's Robert Hackett writes about Garrett Camp's plans for a brand new cryptocurrency. Here is the link: http://fortune.com/2018/03/01/bitcoin-uber-cryptocurrency-eco-garrett-camp/

Gambling tycoon builds $100m bitcoin-funded Antiguan resort — The Guardian

Calvin Ayre, a gambling and bitcoin multi-millionaire who was once on the run from the US authorities, is building a $100m five-star resort on Antigua, writes Rupert Neate of The Guardian. Here is the link: https://www.theguardian.com/technology/2018/feb/18/bitcoin-gambling-tycoon-builds-100m-resort-antigua-calvin-ayre

50 Cent: ‘I forgot’ taking 700 bitcoins for 2014 album; stake is now worth millions — NPR

When 50 Cent agreed to accept bitcoin for purchases of his 2014 album, Animal Ambition, a unit of the cryptocurrency was already worth hundreds of dollars — but the value of those sales has since skyrocketed; NPR's Bill Chappell writes. Here is the link: https://www.npr.org/sections/thetwo-way/2018/01/24/580259163/50-cent-i-forgot-taking-700-bitcoins-for-2014-album-stake-is-now-worth-millions 

Beyond the Bitcoin bubble — NYT

The mania for cryptocurrency could wind up building something much more important than wealth, Steven Johnson writes in The New York Times Magazine. Here is the link: https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html