Blockchain Report 10/5: Blockchain University, A Wall Street Journal Coin and More
Welcome back to The Blockchain Report with Taylor Nikolai. This episode will cover a Blockchain collegiate experience, the Wall Street Journal creating their own coin as an experiment, and more.
Hey, you — wanna go to blockchain school? The first ever blockchain university is going to be opening next year. According to NewsBTC, a team of researchers from Oxford university have decided to open the world’s very first blockchain university later this year.The university will use blockchain technology to provide students with one-on-one education.
It’s going to be called Woolf University, and they’re saying it will be more affordable by removing regulators and administrators often involved in academia. The university will cost $19,200/year, which is $10,000 less per year than the average private university’s tuition.
Not everybody thinks this will work out. Michele Finck, the author of “Blockchain Regulation and Governance in Europe,” has major doubts, saying, “At a fundamental level, the project misunderstands what a university education is about.”
Then, how much is Coinbase is going to be worth? Apparently, a lot. According to Cointelegraph, Coinbase is about to complete negotiations that would value the company at $8 billion USD. Coinbase is in talks with Tiger Global (which is an investment firm) and its shareholders for a possible $500 million.
Galaxy Digital crypto investment fund CEO Michael Novogratz said that this news proves once and for all that cryptocurrencies are more than just “tulip mania.”
According to Cointelegraph, Bank of America is estimating that blockchain could be a $7 billion market. While they didn’t exactly say when it’ll take to get to this size, they reached that number by estimating that 2% of corporate servers would be used to run blockchain at a cost of $5,500 annually.
Bank of America research analyst Kash Rangan explained some real-world applications to some of the world’s biggest corporations, saying “Amazon will benefit from incremental cloud services demand from Blockchain implementation, while improved supply chain tracking should make Amazon’s retail operations more efficient.”
Then, the Wall Street Journal created and destroyed its own cryptocurrency, which it called the WSJ coin in order to try to understand the crypto market. Journalist Steven Russolillo hoped the WSJ Coin would help demonstrate real-world applications for a journalism-focused coin.
So, how many WSJ coins existed? There were two, which were used to buy beer before the whole thing was shut down by the ethics department.
And finally, TD Ameritrade is investing in a new crypto exchange. The brokerage firm with over 11 million clients has announced that it’s backing a new crypto exchange ErisX. TD Ameritrade stated their clients had expressed interest in coin trading. Cointelegraph describes ErisX as a “reboot” of traditional futures market Eris Exchange.
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