The unflattering commentary on cryptocurrencies routinely offered by Berkshire Hathaway CEO Warren Buffet continued apace at the company's May 5 annual meeting. According to CNBC reporting, Buffet reiterated his position that cryptocurrenices are destined for what he termed a "bad ending," and used "rat poison squared"…
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Cryptocurrency critics speak up during the Milken Institute Global Conference
The Milken Institute Global Conference was yesterday, and Economist Nouriel Roubini made his opinion known when he spoke at a panel, according to Bloomberg. He was incredibly critical of the cryptocurrency market and had no filter when he said: “all this talk of decentralization is just bulls**t.” Another panelist…
Reddit's Alexis Ohanian Predicts Ethereum Will Reach $15,000 This Year
Fortune reported on May 2nd that Alexis Ohanian, one of the co-founders of popular Internet site Reddit, is predicting that the price of the cryptocurrency Ethereum (ETH) will hit $15,000 before 2018 is over. Ohanian currently works full-time at Initialized Capital, a venture capital firm. He predicts that Bitcoin…
Is Malta Becoming the New Cryptocurrency Capital of the World?
The tiny, unassuming European island nation of Malta now trades more cryptocurrency by volume than any other country in the world, according to recent reports from Morgan Stanley. It beats out the next highest countries: Belize, Seychelles, the United States and South Korea. This is due to well-defined and easily…
Is big banking finally coming to terms with cryptocurrency?
Banks have existed since Egyptian times, but not as we know them today, with checking and savings accounts, safe deposit boxes for gold and jewelry, mortgage loans on the ready, and thousands of dollars of cash on hand. Financial institutions are helpful for society, and all, but their power rests…
LinkedIn banned cryptocurrency ads, but the company isn't against cryptocurrencies
Eric Ly, co-founder of LinkedIn, today one of the most popular social networking sites on the Internet - and the most popular for all professional, work-related purposes - recently talked with news media sources regarding the platform's recent ban of all advertisements for cryptocurrencies. As many crypto supporters are all…