Business

Warren Buffett Doesn’t Want to Own any Cryptocurrency

[ad_1] “Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday.Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO of Tron, and long-time believer in crypto.In May 2019, the two gathered with others at a fundraiser for the Glide Foundation, a charity organization that helps the homeless
Business

Blockchain Security Company CoolBitX Raised $16.75 Million in Series B

[ad_1] CoolBitX, creator of the cryptocurrency-storing CoolWallet, continues to be popular with investors. In a press release today, the Taiwan-based startup announced that it had secured additional funding for expansion.Led by Japan-based SBI Crypto Investment Co. Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan, the group provided CoolBitX $16.75 million from the Series B funding round. To date, the company has raised $30.25 million: $500,000 from
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Flipstarter Reveals Eatbch and BCH Development Funding Goals – Blog Post Receives $2k in Tips

[ad_1] On Sunday, developers of the Flipstarter.cash project announced the start of private testing for the platform’s BCH assurance contracts and the team also revealed the first two funding projects. One of the first funding goals will be raising bitcoin cash for the nonprofit food charity Eatbch in Venezuela and South Sudan. Additionally, Flipstarter hopes to raise $500,000 toward BCH infrastructure development and suggested a list of six full node
Business

Status, an Ethereum Private Messenger Goes Waku on Telegram

[ad_1] Startup Status raised $100 M in its 2017 initial coin offering on the premise of building a private messenger based on the Whisper protocol that allows Ethereum DApps to communicate. Each smartphone that runs a Status app becomes a node, and all the messaging runs on a peer-to-peer network which is censorship-resistant. After three years of hard work, it is ready for the spotlight.Picking up where Ethereum dropped offWhisper
Business

Bitcoin & Traditional Markets Drop 3% as Coronavirus Spreads in Italy

[ad_1] On Monday morning equities markets in the United States and Europe dropped sharply as investors fear over the continued spread of COVID-19, also known as the Coronavirus, intensified.Earlier in the day, the Italian government instituted a quarantine on 10 towns as the number of people infected by the highly infectious virus rose to 152 and to date 7 people have died.The initial threat COVID-19 posed to global markets seemed
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Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference

[ad_1] When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s expected to drop to 1.8% after the halving event. The cryptocurrency’s inflation rate will be lower than the average inflation target central banks reference worldwide at 2%.
Business

Lawyers Duke it Out Over Who Gets To Lead the Class Action Suit Against Tether

[ad_1] In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members.IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged with manipulating the Bitcoin market in 2017 — something the firm strenuously denies.Kyle Roche,
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New Crypto Exchange Coming Soon From Amsterdam

[ad_1] Retail brokerage firm BUX announced that it would gradually launch its crypto trading platform soon. The Dutch company will start accepting the first clients in the first week of March. BUX Rebrands Crypto Platform Blockport While there are many specialized crypto exchanges out there, many stock or forex-oriented brokerage firms are keen to become part of the crypto trend. So does Amsterdam-based BUX. After acquiring cryptocurrency investment platform Blockport
Business

Caitlin Long Starts the First Crypto-Native Bank in the U.S.

[ad_1] Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian.Long made this announcement earlier today in a series of 29 tweets. She believes that “a critical piece of U.S. market infrastructure is missing – a regulated bank
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Whale Moves 31 Million XRP to Bitstamp, is Ripple Dumping Again?

[ad_1] A recent tweet by Whale Alert announced 31,300,000 XRP tokens had been sent to Bitstamp exchange from an unknown wallet. The wallet in question has sold millions of these tokens in the past, which it received from a known Ripple wallet. Will the Ripple community tolerate the dumping? Despite dissent from the the XRP community, it appears Ripple might be taking advantage of the recent rise in XRP prices