Hip Hop Summit at Graceland: Michael Casey and Digital Money

Bitcoin and the blockchain – how do they work and what do they mean for financial and government services and for consumers? And who holds massive stores of bitcoin that can’t be spent without solving one of the great financial mysteries of our time?  Our

In prior posts we’ve observed that the technology underlying Bitcoin – the “blockchain” – presents a world of possible applications unrelated to the use of Bitcoin as a currency. From securities settlement to remittances to asset transfer to the Internet of Things, the possibilities are endless, and some of the best and brightest minds in

On Thursday, April 23, I spoke at the Bretton Woods Committee seminar, “Digital Payments and Currencies: Global Threat or Opportunity?”  The panel discussed the changes digital currencies and payment systems have brought to the market and the disruptive potential of a future in which they may become more conventional.

An audio clip of the seminar

Privacy advocates are embracing a recent report recommending that the government require bulk data retention by carriers and perhaps web service providers, exercise extraterritorial jurisdiction over data stored abroad, and expand reliance on classified judicial warrants.  In what alternative universe is this true, you ask?  No need to look far.  That’s the state of the

It’s only been about a week since New York’s outgoing Superintendent of Financial Services Ben Lawsky released the long-awaited “BitLicense” rules for digital currency businesses operating in New York, but it’s not too early to try to assess the potential impact of those rules on the development of Bitcoin-related businesses and emerging financial technologies.

The

Most people who’ve heard of “Bitcoin” know it only as a virtual currency sometimes used by criminals.  But there are entrepreneurs, engineers, venture capitalists, and bankers who are betting big on the untapped economic potential of the “blockchain” – the underlying technology that makes Bitcoin run.  In a sense, Bitcoin is just the first “app”