As Business Insider reports, Microsoft is partnering with ConsenSys, a Brooklyn-based startup that specialises in blockchain, to bring bitcoin and its associated technology to financial institutions.
Blockchain, the technology that underpins bitcoin, is essentially a vast, decentralised ledger that registers every transaction anonymously. As the ledger is public, blockchain is virtually tamperproof, making it ideal for financial clients.
As the New York Times reports, Liu Yiqian, a former taxi driver turned billionaire art collector, confirmed on Tuesday that he was the buyer of the painting of a nude woman by Amedeo Modigliani that sold for $170.4 million at Christie’s New York on Monday night.
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