Glenn Hutchins: Blockchain is Good, Bitcoin is Important
Silver Lake co-founder and Federal Reserve Bank of New York board member Glenn Hutchins took the stage at Consensus 2016 to deliver an overarching speech about why public blockchains like bitcoin still matter in the age of big bank ledger efforts today. A director for both telecommunications giant AT&T and US stock market Nasdaq, Hutchins provided a unique perspective on bitcoin’s history and future for the packed audience of roughly 1,500 attendees during his solo keynote. In his remarks, Hutchins compared bitcoin to the Internet, and private permissioned blockchains to Intranets,....
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Essentially, banks and leading financial institutions are trying to embrace the Bitcoin blockchain technology to reduce IT management costs and facilitate robust yet cost-efficient transactions. However, Hutchins emphasize that Bitcoin is more like copper, not gold. The blockchain cannot exist without the currency Bitcoin, as electronics cannot exist without copper. Glenn Hutchins, co-founder of Silver Lake Partners, a $26 billion private equity firm raised an important point regarding the rising interests of banks towards the blockchain technology during the technical discussions about....
Glenn Hutchins said up to 90% of $100 bills are "used for organized crime and tax evasion."
This week the former Digital Currency Group (DCG) Vice President of Investments, Travis Scher, announced a $72 million crypto-focused venture capital fund backed by the billionaire investor Paul Tudor Jones and hip-hop star LL Cool J. The crypto VC fund was invoked by Scher, the private equity veteran Glenn Hutchins, and his son James Hutchins as well. On Thursday, February 4, 2021, a former DCG executive, Travis Scher tweeted about the new crypto-centric venture capital fund he started with two other partners. The crypto VC fund is managed by North Island Ventures partners Scher, Glenn....
Led by Glenn Hutchins, the new fund has already invested in Dapper Labs and other crypto projects.
The Digital Currency Group (DCG) has just announced via its blog that it has added new investors, board members and advisors to the firm. Written by CEO Barry Silbert the DCG founder says over the past six months the business has grown quite a bit. One of the investors added to the company’s partnerships include the global payment processor Western....