CRYPTO INSIDER: Blockchain is a 'pixie dust fad'
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The director of a leading management think tank has dismissed blockchain technology as a distracting fad without much to offer financial services.
Martin Walker, a director of the Center for Evidence-Based Management, a nonprofit that aims to improve the quality of executives' decision-making, gave evidence about digital currencies and blockchain to members of Britain's Parliament on Tuesday. Read his harsh words for the industry here.
Here are the current crypto prices:
- Volatile cryptocurrencies helped boost a trading company's revenue by 284% - but the boom is fading
- The artist who once sold a photo of a potato for $1 million just sold a cryptocurrency-inspired artwork called 'YELLOW LAMBO' for more than the price of an actual Lamborghini
- $1.6 billion cryptocurrency exchange Coinbase has snagged a veteran trader from Barclays
- Revolut is planning a metal 'platinum' card that will give people 1% cash back in cryptocurrencies
- How to buy and sell major cryptocurrencies using Coinbase on your iPhone
- How to buy Ripple's XRP
- An ETF veteran who ditched Wall Street for crypto explains how bitcoin can fit into a portfolio
- Track the price of nearly two-dozen cryptocurrencies here
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