The fourth-wealthiest person in the world doesn’t think cryptocurrencies have anything to offer. “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 […]
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Bitcoin price and equities markets dropped sharply as the Coronavirus continues to spread across the globe. 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 […]
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An Ethereum-based private p2p messenger takes on Telegram and oppressive regimes around the world. 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 […]
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The lawsuit against Tether is proceeding, but first a New York judge needs to decide which law firm takes lead on the case. 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 […]
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Caitlin Long has founded the first crypto-native bank in the U.S., that will open doors in 2021. 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 […]
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Once the “world’s most powerful” hardware for mining Ether, Antminer E3 will allegedly stop mining the coin in about 45 days, 2Miners says. While the Ethereum network is preparing to start shifting to proof-of-stake (PoS) consensus, some mining devices might soon stop supporting ETH mining at all. Bitmain’s Antminer E3, once the “world’s most powerful” […]
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After breaking above $1 billion for the third time ever, daily volume for CME Bitcoin futures has plummeted by roughly 50% for three consecutive days. Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday. […]
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Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. […]
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The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year. When you file your taxes this year, the Internal Revenue Service will ask you a simple question: “At any time during 2019, did you receive, sell, send, exchange […]
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Celer and Polkadot have partnered to bring layer two scaling to the upcoming blockchain network developed by Parity, which enables more advanced optimizations. Celer Network will develop its layer-2 solutions for Polkadot, an upcoming blockchain network developed by Web3 Foundation and supported by Parity Technologies. The sidechain scaling solution is positioned to improve performance beyond […]
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