CRYPTO INSIDER: A rush of companies are pivoting to blockchain

CRYPTO INSIDER: A rush of companies are pivoting to blockchain

friends pivot scene


Remember that iconic episode from Friends? Pivoting to blockchain seems easier than moving a couch into a three-story walkup.


Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

Pivoting to blockchain is proving to be lucrative for some otherwise unheard of companies. This morning it was The Long Island Iced Tea Corporation and a British video game company. The growing trend is reminding some people of the dot-com bubble of the late 1990's.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Here's the scoreboard as of Thursday morning:

What's happening:


  1. Bitcoin has "all the hallmarks of a bubble," UBS said. However, the Swiss bank is more bullish on the underlying blockchain technology.
  2. Tether, a US dollar-linked cryptocurrency that was hit with a $31 million attack last month, is pushing back against criticism, calling it "uninformed and baseless."
  3. Legendary trader and director of floor operations for UBS, Art Cashin, just sent out his annual Wall Street Christmas poem. As usual, he mentioned some of the year's financial highlights such as the exploding value of bitcoin.
  4. The New York Stock Exchange has made its first major foray into the nascent digital coin space with two new ETF's.
  5. Ari Paul, CIO of cryptocurrency hedge fund BlockTower Capital, laid out the three biggest risks of investing in cryptocurrencies.

CRYPTO INSIDER: A rush of companies are pivoting to blockchainEXCLUSIVE FREE REPORT:
The Bitcoin 101 Report by the BI Intelligence Research Team.
Get the Report Now »