Cryptocurrencies appeared to find a floor toward the end of May. The tumultuous month saw the market shedding value day after day. Recently, total market value crawled back to $330 billion, although that number hovered above and below that figure at times. Many analysts believe the downturn is coming to…
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Why Cryptocurrencies Are So Popular and How Trading Them is Evolving
Cryptocurrencies are highly popular when it comes to international methods of currency exchange due to how you can instantly buy, sell, and trade crypto at an instantaneous rate. When you buy or sell something through a banking institution, it typically takes three to four days before the funds are available…
Buffet continues his crusade against cryptocurrency. Here's what he said
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"…
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…
Venture Capitalists Have a Growing Interest in Blockchain Technology
Blockchain technology has evolved during the first two decades of the 21st century, and startups in the field have recently garnered attention from the venture capital units of international commercial enterprises. Comcast Ventures is one such unit. The outfit's Managing Director, Gil Beyda, relayed his company's bullish Bitcoin and blockchain…
A perspective on ICO's and cryptocurrencies.
The backlash against ICOs for new cryptocurrencies has taken another dramatic turn. Capital Group has amended its policies to prohibit its associates and their family members from investing in ICOs and IPOs. The new policy from one of the oldest investment groups in the United States took effect on April…