Charles Hoskinson Lost $2B in 2 Months

CEO of the Hong Kong blockchain company IOHK tries to stay calm
19 March 2018   2704

CEO of the Hong Kong blockchain company IOHK Charles Hoskinson, who is co-founder of Ethereum and the creator of Cardano, said that over the past two months he lost $ 2 billion due to the collapse of the crypto-currency market.

Charles Hoskinson Twitter
Charles Hoskinson Twitter

Hoskinson also commented on the general situation on the market, which, in his own words, he does extremely rarely.

He is convinced that inexperienced retail investors panic sell their assets due to the fear of tight state regulation, and big players in the meantime earn huge fortunes.

I rarely comment on price, but I will say this about the market. The price collapse you are seeing across all crypto is coming from fear over a regulatory crackdown, whales taking massive profits, thin markets, and inexperienced retail investors. No one can change or stop this.
 

Charles Hoskinson
CEO, IOHK

Earlier the price of bitcoin updated the monthly minimum and today, on March 18, continued the rapid decline.

Nike to Protect Authenticity of Shoes With Blockchain

Company filed a patent of "CryptoKicks" project, designed to protect the authenticity of the sneakers
11 December 2019   118

The world famous manufacturer of sportswear and footwear Nike has patented the mechanism of tokenization of products using the Ethereum blockchain. The company intends to issue tokens to protect the authenticity of the sneakers, according to a document published by the US Patent and Trademark Office.

In particular, Nike intends to issue non-interchangeable (NFT) tokens of the ERC-721 or ERC-1155 standard. One of the most striking examples of the use of such tokens is the game CryptoKitties.

With the help of tokens, the owner of the shoe will be able to indicate his ownership of it.

Tokens called CryptoKicks “unlock” when buying shoes - they match their own unique code with the owner ID through the application on the smartphone.

Prospective and current owners of a cryptographic digital asset, such as the CryptoKick of FIG. 2, may buy and sell digital assets through one or more blockchain ledgers operating on the decentralized computing system 30. By way of example, and not limitation, a user may buy a new pair of highly sought after sneakers from a verified vendor who may provide authenticated provenance records for the sneaker.
 

Nike Patent Filling

Nike also proposes to create collectible pairs of shoes by “crossing” digital analogues among themselves.

Using the digital asset, the buyer is enabled to securely trade or sell the tangible pair of shoes, trade or sell the digital shoe, store the digital shoe in a cryptocurrency wallet or other digital blockchain locker, intermingle or "breed" the digital shoe with another digital shoe to create "shoe offspring," and, based on rules of acceptable shoe manufacturability, have the newly bred shoe offspring custom made as a new, tangible pair of shoes.
 

Nike Patent Filling

Nike filed a Cryptokicks trademark application with the U.S. Patent and Trademark Office in April.