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There is an old saying about lending that goes like this: if you owe the bank $1 million, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.

It’s a neat, intuitive little adage about game theory and the transferability of risk. Let’s say the bank you are borrowing from is JP Morgan. As the borrower, you know that a $1 million dollar loan is less than a rounding error on their balance sheet. It’s not even enough to get the low level banker who originated it to you a pat on the back.

If you don’t pay it back, you know that JP Morgan will come after you not because they will miss your $1 million, but because it would set a bad precedent if they didn’t. They would take you to court, and happily pay more in legal fees than hoped to recoup because it’s not about the money for them. …

Everything you need to know for New York Blockchain Week 2020

In 2015, the week consisted of a one day, 400 registrant event.

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Now, five years later, the 6th annual NY Blockchain Week is shaping up to be the best one yet.

Whether you’re a marketer looking to a sponsor an event during NYC’s Blockchain Week or just a conference-goer looking to attend events, I’m here to help you navigate this crazy week.

Here are the Top 5 New York Blockchain Week 2020 events:

Digital Asset Summit | DAS 2020

Date: Wednesday, May 13th

Venue: Pier 60

Format: One-day, two-track conference

Registrants: 1,000+

Focus: Bridging the gap between institutional investors, traditional financial institutions, and…

Facebook Announces a Cryptocurrency

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The Story

In December, it came out that Facebook is developing a cryptocurrency—specifically, a stablecoin—that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India.

According to some folks familiar with the matter, Facebook is far from releasing the coin, because it’s still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin.

Our Take

Big banks have made their stance on crypto known since before 2016. …


Jason Yanowitz

Building BlockWorks Group so Wall St. doesn’t f**k up crypto.

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