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There are several reasons I spend so much time discussing and analyzing the current state of affairs. The primary motivation, aside from a drive to share personal opinions and spread awareness, is to encourage people to think critically. I don’t want readers to agree with everything I say, I want people to become inspired to […]
Warren Buffett has said that he will never own cryptocurrency. In the past, Buffett has explained that bitcoin is, in his opinion, “probably rat poison squared.” During the luncheon with the CEO of Tron though, he didn’t seem to have as much of a hostile opinion on the leading cryptocurrency. Following his luncheon with the CEO of Tron, Warren Buffett has said that he will never own cryptocurrency. “I don’t own any cryptocurrency and I never will.” He has previously said, “cryptocurrencies basically have no value and they don’t produce anything.” Justin Sun won a charity lunch with the CEO and investment Guru last year, however, the two only sat down in January 2020. The lunch with Sun was to be quite a success with many prominent industry figures attending as guests. In the past, Buffett has explained that bitcoin is, in his opinion, “probably rat poison squared.” During the lunch though, he didn’t seem to have as much of a hostile opinion on the leading cryptocurrency - and the industry as a whole. Even though the Tron CEO claimed that Buffett was being swayed to the crypto side, the investor denied holding any cryptocurrency in a recent interview with CNBC. During the lunch, the founder transferred 45,67888 TRX tokens to Buffett with the 89-year-old offering him to come back for a 2030 reunion. As reported by CryptoDaily, Warren Buffett spoke his mind on several of the issues facing the nascent industry. Buffett said that bitcoin still has a long way to go to fulfil the value of the blockchain. Buffett jokingly said that his grandson won’t be inheriting his fortune in bitcoin but instead in United States dollars instead. It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
The founder of TRON disproved the billionaire saying he had no cryptocurrencies The post Warren Buffett still owns the Bitcoin from Justin Sun appeared first on The Cryptonomist.
There have been so many controversies surrounding Facebook over the past few years. The social network has made many enemies in the regulatory space and in June last year, its new announcement for a stablecoin heightened such controversy. There have been so many controversies surrounding Facebook over the past few years. The social network has made many *many* enemies in the regulatory space and in June last year, its new announcement for a stablecoin heightened such controversy to level never seen before. In fact, the controversy is so significant that the launch of the stablecoin is questionable. Many people see the positives in Facebook launching his own cryptocurrency however, there are some people that have the mindset that the upcoming digital asset doesn’t have what it takes to be launched. Ueli Maurer (a member of the Swiss Federal Council) recently talked on the new cryptocurrency and stated that it had failed in its current form. Furthermore, he added that the project had to be reworked in order to be approved. The CEO of the San Francisco-based firm Ripple, Brad Garlinghouse also has also talked on the digital asset in the past saying that it would not be launched before 2023. Many prominent figures in the space have commented on the new coin. Andreas Antonopoulos has the same opinion as Garlinghouse and said in a recent interview that the cryptocurrency is a completely different thing as it highlights the emergence of the first corporate cryptocurrency. He also highlights that the coin seems to lack all the characteristics that make bitcoin or any other open blockchain a sense of mystery. Furthermore, he stated that he has created a specific set of criteria that people should use in order to evaluate projects such as Facebook’s cryptocurrency.  He says: “Is the system open? Is it open to access, to participate? Is it borderless? Is it neutral to source-destination purposes and amounts? Is it censorship resistance? Is it immutable? Is it publicly verifiable?” According to him, the digital asset has failed the test on all of these characteristics. This begs the question of whether it should be launched at all, never mind just delayed.  It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Crypto bull and veteran investor, Tim Draper doesn’t scare easily when it comes to bitcoin price. In a recent interview with CNBC Squawk Alley, Draper stands with his bullish $250,000 bitcoin price target by the start of 2023, despite the recent market-wide pullback.  He also noted that by that time, bitcoin will be the preferred […]
According to the founder and CEO of IOHK, ADA is about to skyrocket and is on the tip of the iceberg... Writing in a tweet, Hoskinson explained to the community that they should prepare themselves for something big in the next couple of months. According to the founder and CEO of IOHK, Charles Hoskinson, the ADA cryptocurrency is on the tip of the iceberg with huge impacts expected just around the corner... Writing in a tweet on the 22nd of February, Hoskinson explained to the community that they should prepare themselves for something big in the next couple of months. The co-founder further explained how he met with his product managers to talk about the progress of the cryptocurrency to date. After this talk, the CEO let it slip that the digital asset is on the verge of something big. Hoskinson cited that there are many developments happening in the ecosystem for the cryptocurrency and that with this so-called ‘iceberg’, a huge impact is in order. He even went on to say that the next few months are going to be wild. The best part of my day is when I have a chance to chat with my product managers about our progress, new ideas and what's coming to market soon. Cardano is like an iceberg. There is so much you don't see, but will soon have a huge impact. Next two months are going to be wild! — Charles Hoskinson (@IOHK_Charles) February 22, 2020 It was reported earlier this week by CryptoDaily that the protocol successfully implemented its Ouroboros Byzantine Fault Tolerance (OBFT) protocol. This new hard fork is bringing in the Cardano blockchain closer to the Shelley era which will introduce proof-of-stake consensus algorithms. On top of this, the update is the last level to becoming a decentralised blockchain. With the hard fork being a complete success, it’s exciting to see where the protocol will go next and how long it will take until the new era is on the dawn… For more news on this and other crypto updates, keep it with CryptoDaily!
Bitcoin bulls have long been pointing to its potential as a “digital gold” as one reason why it will eventually garner widespread adoption. In spite of this, there has been conflicting research regarding this notion, and the potential for other major cryptocurrencies – including Ethereum (ETH) — to be safe-haven assets has often been overlooked. […] The post Step aside Bitcoin: data shows Ethereum is a hedge against global volatility appeared first on CryptoSlate.
Tron founder Justin Sun isn’t just supportive of TRX tokens alone. Apparently, he is a fan of other digital assets as well, including the top three. Speaking in a recent interview with Julia Chatterley on CNN, Sun spoke in favor of all three, including Bitcoin (BTC), Ethereum (ETH), and XRP. Sun told Chatterley that he’s […]
A new compliance tool is being developed in Europe via a partnership between an Austrian university and a French fintech firm
For over a century now, Switzerland has functioned as Europe’s financial heart. Long famed for its banking elite and status as a globally renowned tax haven, it is home to some of the most powerful monetary institutions in the world.   Among these are not only banks and investment firms, but cryptocurrency and blockchain startups too. Drawn by the nation’s banking prowess, low taxes, elite universities, and the Swiss brand itself, many of the most successful have settled in this small European country, sitting side by side with an array of august neighbors and well-known names.  These businesses have benefited, and The post Switzerland Set to Become ‘the’ Fintech Hub of 2020 appeared first on The Merkle Hash.
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