By CCN: The BitTorrent cryptocurrency price tanked over 6% in Monday trading after Tron CEO Justin Sun's latest announcement stunt flopped in hilarious fashion. Tron Founder Will Pitch Crypto to Bitcoin Hater Warren Buffett It turns out Sun was the mystery bidder who won a charity lunch auction to dine with investing oracle Warren Buffett. This year is the 20th anniversary of Buffett's annual...
By CCN: Ben Delo, bitcoin billionaire and co-founder of crypto trading platform BitMEX, has pledged the majority of his wealth to Giving Pledge, the philanthropic organization set up by Bill Gates, Melinda Gates, and Warren Buffet. The 35-year-old crypto entrepreneur is Britain’s youngest self-made billionaire, and the latest to join the philanthropy movement. Delo has pledged the majority of his...
Morgan Creek puts up a $1 million wager, inviting investors who believe the crypto market won't outperform the S&P 500 to put their money where their mouth is, according to a CNBC report. Morgan Creek operates an index fund called the Digital Asset Index Fund, in partnership with Bitwise Asset Management. The index funds offer high net-worth investors exposure to the top cryptocurrencies by...
Pantera Capital officials continue to maintain an upbeat outlook for cryptocurrency amidst the current market downturn. In an ICO and digital asset funds conference call Tuesday, CEO and chief investment officer Dan Morehead said blockchains are the next step in the evolution of equity, while cryptocurrency is a superior form of currency. He called bitcoin the biggest disruption of this...
Legendary venture capitalist Fred Wilson has issued an open response to Warren Buffet's recent claim that bitcoin is equivalent to "rat poison squared" is fundamentally flawed. The American investing tycoon, Wilson said, has not done his research. Why Bitcoin Has Value Speaking at the Consensus 2018 conference in New York City, Wilson said that the true value of the bitcoin ecosystem would accrue...
Retired investment banker and former US Treasury adviser to Croatia Martin Hutchinson recently penned a hit piece in which he made clear two things. One, he does not understand how Bitcoin mining works and two, this lack of understanding leads him to believe that Bitcoin will fall flat on its face in 2015. In his article for the Reuters Breakingviews site, he uses outdated metrics as well as a...
Although Warren Buffet and Peter Schiff are called out by name in the title of this article, this piece is really aimed at anyone who claims there is no fundamental value to a bitcoin. These two popular investors disagree on gold and many aspects of the economy, but the one thing they do agree on is the statement that bitcoins have no real value. The crux of their respective arguments comes down...