Cryptostreet

Classic cars are a very traditional industry.  The tokenization of classic cars by startups like Amazing Blocks AG could transform this industry if classic cars are fractionated into many pieces to facilitate investments in this asset class.  A guest contribution by Nicolas Weber and Paul Zimmermann. When the 1962 Ferrari 250 GTO sold for more than $ 48 million at RM Sotheby's auction on August 25, 2018, some were amazed at the amount of money for a 30-year-old car.  Cars tend to be considered a "bad investment" as their value drops sharply after purchase and only human emotions give them their true "intrinsic value".  But maybe it is precisely this emotional attachment to cars that makes them so attractive from an investment point of view.  Oldtimers are often sold and bought through different channels, their value is estimated according to different models and overall the industry is very fragmented regionally.  The tokenization of these assets by start-u...

The refined system fraudster Jordan Belfort, also known as "The Wolf of Wall Street", calls for a "massive regulation" of Bitcoin and Co. Jordan Belfort is familiar with fraud: With his investment company Stratton Oakmont, Belfort  initiated  numerous pump-and-dump maneuvers in the 1990s  that caused total damage to its customers of over USD 200 million.  This ultimately earned him not only the nickname “Wolf of Wall Street,” but also 22 months in prison and a US $ 110 million fine.  Since then, Belfort has been the refined motivational coach, who is also happy to comment on crypto events. Jordan Belfort thinks Tether is a fraud The Wolf of Wall Street recently met at the  Coindesk  crypto portal  .  The occasion was the report of new investigations by the US Department of Justice (DOJ), which are directed against the management level of the stablecoin publisher Tether Labs.  It is nowhere near the first time Tether has been targeted by ...