Blockchain-Based ArtChain Looks to Clean up Murky Business of Buying and Selling Art

Blockchain-Based ArtChain Looks to Clean up Murky Business of Buying and Selling Art

For a long time the art world led by the big four auction houses, Bonhams, Sotheby’s, Phillips and Christie’s, has struggled with the provenance of the items they are buying and selling on behalf of collectors and owners. Third party validation was needed, but many of the so-called appraisers are not independent and have vested interests. So in 2016, ArtChain was formed. It is a platform that provides digital certificates for the pieces of art, establishing their history. Cointelegraph caught up with ArtChain founder Laurenzo Mefsut in London and asked him about the idea behind it.....


Related News

Mastering the Unruly World of Bitcoin Exchanges

At first, buying or selling bitcoin online appear a daunting task. But it's not. Often, it's just like using PayPal or any other online payment system. Skip over to a bitcoin exchange and have a merry time lining your pockets with your currency of choice. Bitcoin exchanges are hubs where you can exchange money for bitcoin, or vice versa. This article will provide an overview exchange landscape and dissect the thick variety of online options. Warning: Trusting your money to an exchange can be dangerous. Imprudent exchanges have lost customer bitcoins in the past. Be careful. Proceed only if....

LEOCoin - Is There Trouble in Paradise?

The much-publicized LEOCoin seems to have entered murky waters within weeks of its launch. According to the reports, LEOCoin, which claims itself to be the competitor of Bitcoin isn't coming clean about its operations. To make matters worse, questions are being raised about the history of LEOCoin's founders - Dan Anderson and Atif Kamran. LEOCoin is part of the UK based Learning Enterprises Organization. The company is involved in offering a suite of products and services related to business education and learning. LEOCoin claims to have already signed up over 130,000 merchants to the....

Circle Ends Bitcoin Buying & Selling for “Next-Gen” Blockchain Tech

Circle, one of the earliest and best-funded startups in the bitcoin industry has announced a curtain call on selling and buying the cryptocurrency. The former bitcoin startup hinted at folding as a bitcoin exchange in a blog late last night. An excerpt from that blog read: [W]e’re making payments more social than ever and diving headfirst into next-gen blockchain technology, rather than the buying and selling of bitcoin itself. While Circle will cease buying and selling of bitcoin, the company will continue to allow customers to hold bitcoin within their registered accounts, as well as....

DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining Pool

The blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources. DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum of Understanding to establish Terra Pool. The new bitcoin mining pool aims to utilize clean energy resources and will combine both DMG’s and Argo’s hashrate that uses hydroelectric-power. In recent months,....

Clean Water Coin: Rethinking Charity

The Clean Water Coin Initiative is the first ever coin designed and developed to be a nonprofit organization. What does that mean? We are a registered Nonprofit Organization and we’ve created a Crypto Charity and coin that lets a community actively participate in helping provide clean water. To do that we've teamed up with CharityWater.org so that we can create campaigns and raise funds for clean water projects. Also, the community can easily track exactly how we are doing by visiting our campaign page. Cointelegraph.com sat down with the founder of Clean Water Coin, Zach Mettra, to....