Renegade Venture Capitalist Peter Thiel Calls on Feds to Probe Google

Billionaire tech entrepreneur and outspoken Trump supporter Peter Thiel has called on the FBI and CIA to investigate Google for a “seemingly treasonous” decision related to its work in China. Speaking at the National Conservatism Conference in Washington, D.C., the Silicon Valley renegade’s speech focused on burning questions which Google must answer, according to a … Read more

Billionaire Crypto Bull Thiel’s Block.one Seed Shares Reap Staggering 6,500% Profit

By CCN.com: Block.one is returning jaw-dropping profits to its earliest investors like Peter Thiel. It’s a stock buyback of epic speed and proportions. In only three years the blockchain startup is buying back shares sold in a seed round of funding in 2017. The ROI for anyone who cashes out will be as much as … Read more

Trying to Build a ‘Better Bitcoin’ is as Pointless as Creating a ‘Better’ Google Search

By CCN.com: MIT researchers have designed a new cryptocurrency, Vault, to make it easier for new users to join the network by reducing the bandwidth for starting a new node by 99% over Bitcoin. Shocker (Not): New Cryptocurrency Claims to be Better than Bitcoin Derek Leung, co-author of the Vault paper and a graduate student in the … Read more

PayPal CEO Shades Bitcoin: ‘We’re Not Seeing Many Retailers Accept Cryptocurrencies’

By CCN.com: PayPal CEO Dan Schulman expressed skepticism about mass merchant adoption of bitcoin, noting that there are very few retailers that currently accept crypto. Schulman made the remarks Wednesday (Jan. 23) at the 2019 World Economic Forum in Davos, Switzerland. “We’re not seeing many retailers at all accept any of the cryptocurrencies,” Schulman told … Read more

Lightning Network Dev. Warns Against Marketing Lightning as The Answer to High Bitcoin Fees

In a tweet, Lightning Network infrastructure lead Alex Bosworth wrote: “There’s a bit too much emphasis placed on the idea that LN is all about low fees. Fees on the network are charged at a market rate. We cannot control this market therefore we can’t guarantee low fees all the time. We can remove reasons … Read more

Bitcoin Will Not Challenge Gold as a Safe-Haven Asset: Equity Analyst

Though many bitcoin investors believe multi-layer scaling solutions such as the Lightning Network (LN) will eventually make BTC a viable payment instrument for the proverbial coffee purchase, most argue that the flagship cryptocurrency’s primary short-term use case is as “digital gold.” However, an equity analyst at one of the world’s most respected investment research firms … Read more