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Day: April 25, 2020
What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in
Crypto trader and YouTuber, Tone Vays, explained that Amazon’s $140 billion CEO couldn’t buy every Bitcoin (BTC) in circulation. What would happen if Bezos tried? “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays told Cointelegraph in a message on April 23. Why couldn’t Bezos buy all the BTC on the market? On the day of Vays’ comments, all the speculative capital held within Bitcoin gave the asset a total market cap near $137 billion, with each coin priced at…
What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in
Crypto trader and YouTuber, Tone Vays, explained that Amazon’s $140 billion CEO couldn’t buy every Bitcoin (BTC) in circulation. What would happen if Bezos tried? “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays told Cointelegraph in a message on April 23. Why couldn’t Bezos buy all the BTC on the market? On the day of Vays’ comments, all the speculative capital held within Bitcoin gave the asset a total market cap near $137 billion, with each coin priced at…
Twitter CEO Jack Dorsey Calls Bitcoin Whitepaper ‘Poetry’
In a podcast interview with tech researcher, Lex Fridman, Twitter CEO and co-founder, Jack Dorsey, referred to Bitcoin’s white paper as “Poetry.” “I think the Bitcoin whitepaper is one of the most seminal works of computer science in the last 20 or 30 years,” Dorsey said in Fridman’s April 24 podcast episode. “It’s poetry,” he added. Dorsey has talked about Bitcoin before Ranked 11th on Cointelegraph’s top 100 most influential people in crypto and blockchain, Dorsey, who is also CEO for payments company, Square, has often spoken positively of Bitcoin. …
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Kevin Hart’s Role in ICO Scam May Go Unpunished
Investors who participated in the FLiK initial coin offering, or ICO, in 2017 have opposed entertainer Kevin Hart’s bid to have the $7 million lawsuit dismissed. The 25 investors claim that they collectively lost more than $2 million as a result of Hart, rapper ‘T.I.’, and FLiK executive, Ryan Felton, touting unregistered securities for an ICO that ultimately failed to materialize. ICO investors fight for suit against Kevin Hart to proceed In their opposition, the plaintiffs argued that the FLiK ICO “depended on” endorsements from celebrities to “elevate the standing”…
Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19
The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment. High Institutional Demand Expected Post Coronavirus Crisis The covid-19 pandemic has led to an unprecedented economic crisis, with the IMF calling it the worst recession since the Great Depression. Companies are missing their earnings estimates and many traditional investments have taken a…
Binance Research Explains Recent Libra/SpaceX Comparison
A recent report from Binance Research claimed Facebook’s Libra is as disruptive for the payments industry as SpaceX was for interstellar travel — but why? When it entered the rocket sector, SpaceX found an industry laden with high entry barriers and largely dominated by public market players, a Binance Research representative told Cointelegraph in an email. Therefore, the industry also yielded “little movement, as there were hardly any incentives to innovate beyond incrementally improving the product,” the rep said. “The same is true for the current payments landscape.” Borders…
BITCOIN PRICE IN DANGER AFTER CRUDE OIL CRASH?! 📛 LIVE Crypto Analysis TA & BTC Cryptocurrency News
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It’s Time for the Current VC Model to Change
Shocking as it may sound, the venture capital industry is built on the idea that it doesn’t really matter if most of the companies they fund lose money or go belly-up. Could this be because they often turn hot air into fabulous profits and cash out before the balloon bursts? Even when that is not the intended “play,” venture capitalists typically prioritize growth over business fundamentals or helping the community, despite generating negative externalities not only for other companies but also for the financial markets. At least that’s how it’s…