Property firm behind one of London’s most iconic sites says blockchain will ‘absolutely’ have a role

  • Blockchain technology will “absolutely” have a function in Landsec’s business, the CEO of the U.K.’s largest property firm told CNBC on Tuesday.
  • When asked if blockchain technology would be used in this part of the business, Chief Executive Robert Noel replied in the affirmative.
  • “Absolutely… If you look at the way what we provide, which is services to business, and those services are around contract, anything that speeds up archaic land law, and contract law, and leasing law, etcetera, will be welcomed,” Noel told CNBC in a TV interview.
  • Blockchain is the underlying technology behind the cryptocurrency bitcoin.
  • Blockchain is also called distributed ledger technology and refers to a method of decentralizing processes.

Blockchain or distributed ledger technology could play a role in the contract process for Landsec.
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‘Maybe bitcoin is a kind of a bubble,’ Goldman Sachs CEO Blankfein says

'Maybe bitcoin is a kind of bubble,' Goldman Sachs CEO Blankfein says

  • Bitcoin has gained a lot of fans recently, but Goldman Sachs CEO Lloyd Blankfein is not one of them.
  • In an interview with CNBC’s Kayla Tausche, he said that “maybe bitcoin is a kind of a bubble,” adding: “I don’t like it.
  • Blankfein’s reason for not trusting the cryptocurrency is simple, he said: “I’m kind of an old dog to be absorbing that kind of a new trick.”
  • Bitcoin has soared more than 600 percent this year.
  • On Thursday, the cryptocurrency traded down 3.9 percent at $7,172.80, but remained near a record high.

Blankfein’s reason for not trusting the cryptocurrency is simple, he said: “I’m kind of an old dog to be absorbing that kind of a new trick.”
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A $24 million mansion is going on sale in London — but you can only buy it in bitcoin

  • Lev Loginov, co-founder of property investment company London Wall, which bought the property in 2013, is hoping paying for property in bitcoin could be the future.
  • He said that the company has a pipeline of properties that will go on the market and only be available to buy in bitcoin.
  • Loginov’s broader thought is that property ownership records can be transformed with blockchain technology.
  • “It will have to be a specialist blockchain for property.
  • For example, the tax on the property that will be paid to the government after the sale could be a couple of million pounds.

The £17 million price tag equates to over 4,000 bitcoin at Friday’s price.
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Russia Plans to Block Cryptocurrency Exchanges

Russia plans to block cryptocurrency exchanges

  • In September, cryptocurrency exchanges in China, where digital money is bought and sold for cash, stopped serving customers in the country to comply with government directives.
  • Now, Russia is planning to follow suit and block cryptocurrency exchanges within its borders, CNBC and Russian outlet RBC report.
  • According to CNBC, first deputy director of Russia’s central bank Sergei Shvetsov said at a conference in Moscow on Tuesday morning that the government will block cryptocurrency exchanges.
  • Russian news outlet TASS reported in September that the government was working on some new legislation to cover cryptocurrencies, which will be presented later in October.
  • If Russia blocks cryptocurrency exchanges, it means that the digital currency will lose yet another market.

Bitcoin takes another hit abroad.
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John McAfee challenges Jamie Dimon’s bitcoin skepticism

  • “You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday.
  • Miners invest “massive” amounts of supercomputing power and electricity in creating bitcoins, McAfee said.
  • “And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said.
  • McAfee made a lewd bet on Twitter earlier this summer that bitcoin would reach $500,000 within three years.
  • Plus, the long-term trend of bitcoin has been consistently up, McAfee added.

Dimon called bitcoin a “fraud” that will eventually blow up. McAfee disagreed.
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John McAfee challenges Jamie Dimon’s bitcoin skepticism

John McAfee challenges Jamie Dimon's bitcoin skepticism

  • “You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday.
  • Miners invest “massive” amounts of supercomputing power and electricity in creating bitcoins, McAfee said.
  • “And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said.
  • McAfee made a lewd bet on Twitter earlier this summer that bitcoin would reach $500,000 within three years.
  • Plus, the long-term trend of bitcoin has been consistently up, McAfee added.

Dimon called bitcoin a “fraud” that will eventually blow up. McAfee disagreed.
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CBOE plans to launch bitcoin futures, announces agreement with Winklevoss brothers’ digital currency exchange

CBOE plans to launch bitcoin futures 
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Bitcoin is dead! Wait, what?...
$BTC.X $BTCUSD

  • The Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year.
  • Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday announcement.
  • The CFTC told CNBC in a statement that, “to date, the Commission has not received a filing for a bitcoin futures contract from the CFE.”
  • Designated contract markets like CFE do not necessarily need prior approval from the CFTC in order to list a product for trading, according to the commission’s website.
  • The news was part of a bigger announcement Tuesday that CBOE Holdings and Gemini Trust, the digital currency exchange founded by brothers Cameron and Tyler Winklevoss, have entered a multiyear exclusive global licensing agreement allowing CBOE and its affiliates to use Gemini’s market data in creating bitcoin derivatives and indexes.

CBOE Holdings and Gemini Trust announced a multiyear agreement for the Chicago Board Options Exchange and its affiliates to use Gemini’s bitcoin data.
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