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Warren Buffet Admits Ignorance While Slamming Cryptocu… | News

Bitcoin and other cryptocurrencies will definitely come to a bad end, according to the ‘Oracle of Omaha’, Warren Buffet. In an interview with CNBC Jan. 10, billionaire manager of Berkshire Hathaway investment group said he believes that there is no possible positive outcome for the nascent financial technology: “In terms of cryptocurrencies, generally, I can say with almost certainty that they ...

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Blockchain-based Kibo Lotto Thanks Token Holders by Di… | News

While most major companies will in the coming years implement some form of Blockchain solution, the benefits of the technology are especially important for certain situations. As Gideon Greenspan of Multichain said, for a Blockchain project to be really useful: “you need a transaction database for multiple writers who do not trust each other and no trusted intermediary can be ...

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Venezuela Parliament Calls President’s $5.9 bln Petro… | News

Venezuela’s parliament has denounced the emission of President Nicolas Maduro’s Petro cryptocurrency, calling it “totally null and void.” The stricken country’s planned national digital currency Petro, so called because it would be notionally tied to its oil reserves, had a planned initial value of $5.9 bln, after Maduro announced 100 million units in a TV address last week: “I have ...

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Wall Street Strategist Tom Lee Says Bitcoin Could ‘Eas… | News

Tom Lee, co-founder and Wall Street strategist at Fundstrat Global Advisors, seems confident that the market is still going through a “price discovery process”, predicting Bitcoin could “easily double” in an interview with CNBC Jan. 9. In late November 2017, Lee was similarly bullish about the leading cryptocurrency, encouraging his clients to invest, and likely making many a small fortune ...

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Equipping Youth: South African Business School Accepts… | News

Red & Yellow, a well-known business and creative school in South Africa, believes it is pioneering its payment methods by allowing their student to enroll on a bankroll of Bitcoin. There have been rumblings around universities and other tertiary education centers globally when it comes to Bitcoin and payments, and this instance in South Africa seems to reinforce the notion ...

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Not All Doom and Gloom for Chinese Bitcoin Miners | News

Even amid future regulatory constraints, Chinese Bitcoin miners could withstand a massive market crash due to the low electricity costs in the country. According to Bloomberg, China’s thriving Bitcoin mining industry would still be highly profitable if Bitcoin price were to drop to $7,000. Bitcoin price shot up from $1,000 in January 2017 to a record high of $20,000 in ...

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BTC, BCH Mix-Up on Overstock Gave Customers Huge Poten… | News

Online retail giant Overstock said in a statement to a customer Jan. 9 that it is “aware” of a significant glitch in its payment system, which let customers pay with Bitcoin (BTC) and Bitcoin Cash (BCH) interchangeably, accidentally allowing for a huge potential discount. In what online publication The Verge described as “a lesson in how not to offer cryptocurrency ...

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Blockchain Applications for All Walks of Life | News

Given the meteoric rise in popularity of cryptocurrencies in 2017, some mainstream financial institutions are clamoring to board the steadily moving crypto train. The successful launch of Bitcoin futures contracts on CBOE and CME markets has proven that there is a healthy appetite for Wall Street investors to hedge their bets on the daily trade movements of cryptocurrencies. While the two Chicago-based ...

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