BCBuSInESS.CA MAy 2018 BCBusiness 35
as high as I've seen since the Internet age,"he
said, adding that he expected blockchain
would soon represent more than 25 percent of
GMP's banking revenue.
One of the teams that Fricker has been
actively supporting is Sean Clark and Marc van
der Chijs.
GMP helped broker the sale of First
Coin to Wall Street legend Michael Novogratz
last December; the ‡rm backed Hut 8's initial
public oŠering on the
TSX Venture Exchange
in March, and First Block Capital is expected
to list later in 2018.
For the average obser ver, the ever-
changing landscape of blockchain players
is hard to follow or absorb. For those on the
inside, it can be equally dizzying. My last
call to Clark comes in late January, to help
clarify some of the changes at First Block.
When I reach him, Clark is in Kiev, meeting
with a group of software developers from
Bitfury, the ‡rm's European-based partner in
Hut 8. The previous week, he'd been in Davos,
Switzerland, at the World Economic Forum.
"In a million years, I never would have
thought that a year to the day that Shoes.com
went bankrupt—the worst day of my life—I'd be
having lunch at the top of a Swiss mountain
with all the thought leaders of blockchain,
being one of the players in this emerging
space," Clark says, the disbelief palpable in
his voice. "And having not only ‡nancial suc-
cess but…everything. It's crazy. I couldn't have
imagined this. I've found my true calling as a
tech entrepreneur."
ž
Coins
of the
Realm
Not all cryptocurrencies are created equal. As of March 19, there were more
than 1,500, according to tracker CoinMarketCap.com. These currencies had
a total market capitalization of some US$333 billion, but the vast majority are
small change: bitcoin accounted for about 44 percent of 24-hour trading
volume. Here are the top 10 at that time. —N.R.
1
2
3
4
5
6
7
8
9
10
MARkEt cAP PRicE ciRculAting SuPPlY
Bitcoin $146,200,924,384 $8,636.48 16,928,300
Ethereum $54,853,901,641 $558.10 98,286,869
Ripple $27,962,422,099 $0.715303 39,091,716,516*
Bitcoin cash $16,960,105,800 $996.10 17,026,475
litecoin $9,077,845,775 $162.98 55,698,456
cardano $4,758,110,058 $0.183519 25,927,070,538*
neo $4,519,261,500 $69.53 65,000,000*
Stellar $4,480,806,839 $0.242223 18,498,684,431*
Eos $4,155,880,103 $5.63 738,064,727*
iota $3,707,698,830 $1.33 2,779,530,283*
*nOT MInEABLE
SOuRCE: COInMARKETCAP.COM
