Why Warren Buffett’s Bleak Prediction Of Cryptocurrencies Is Wrong

Billionaire investor Warren Buffett has joined a long line of influential voices from the traditional financial world pouring cold water on increasing enthusiasm for the new — and booming — asset class of cryptocurrencies. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and… Please follow and like us:

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IOTA Cryptocurrency Predictions For 2018

Over the past two months IOTA tokens suddenly became one of the most-talked about cryptocurrencies of 2017. CoinMarketCap estimates IOTA now has a market cap of more than $10 billion, which outranks more popular tokens such as monero, zcash and Neo in terms of global transactions and speculative value. Robert Bosch Venture Capital recently became the… Please follow and like us:

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Cryptocurrency ICOs Must Stop Flying Blind On Money-Laundering Risks

Companies have raised as much as $4 billion this year through token crowd sales, or Initial Coin Offerings, a new mechanism that many startups using blockchain technology in some way have used to bypass traditional venture capital funding routes. That is a lot of money flowing to entities to fund their ideas and develop their products.… Please follow and like us:

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Bitcoin rises in debut as SEC warns on digital money

Bitcoin experienced some big swings but finished higher in its debut on a major exchange Monday, while a leading US securities regulator warned investors about the risks of cryptocurrencies. Bitcoin futures for January delivery finished at $18,850.00 near 2115 GMT on its first full day of trading, a bit below session peaks but soaring well past… Please follow and like us:

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SEC Warns Against Illegal Cryptocurrency Promotions

Now that cryptocurrency crowdfunding campaigns have amassed more than $2.3 billion for high-tech projects worldwide, a trend often referred to as initial coin offerings or ICOs, lawmakers are taking notice. The U.S. Securities & Exchange Commission issued a statement on Wednesday warning it may be illegal for “celebrities and others” to promote investments on social media… Please follow and like us:

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In The World Of Cryptocurrencies, The ‘Wolf Of Wall Street’ Guy Is A Paragon Of Probity And Reason

When some disgraced huckster claws his way back into the headlines, it’s usually because they either got caught doing something more pathetic and odious than the previous offense, or they’re trying to sell a book. In the case of Jordan Belfort, the stock-promoter whose drug-fueled debauchery and boiler-room scammery inspired Martin Scorcese’s 2013 film The Wolf… Please follow and like us:

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China Closes Bitcoin Exchanges, But Blockchain Industry Still Thrives

China is purging some bitcoin businesses in a push to streamline its domestic blockchain industry. The move aims to tighten the reigns on community-driven cryptocurrencies while simultaneously bolstering centralized and enterprise projects. According to the BBC, Chinese regulators ordered all the bitcoin exchanges in Beijing and Shanghai to submit plans for winding down local operations. It… Please follow and like us:

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How To Avoid ICO Scams

As the world gets increasingly familiar with – and enthused about – the cryptocurrency-based marketplace, we have seen substantial growth in Initial Coin Offerings (ICOs). These generally represent a new-age version of the IPOs issued by companies who have wanted to raise capital by opening their governance to the investing public. ICOs also seek to raise… Please follow and like us:

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China Seeks Greater Cryptocurrency Control, But Will Drive Capital To Privacy Tokens

In the last few weeks, China has moved against cryptocurrencies. First, they acted to ban funding for Initial Coin Offerings (ICOs). With immediate effect, the People’s Bank of China (PBoC) banned ICOs, dubbing them as an illegal scheme for money laundering, and mandated organizations and individuals that have completed fundraising through ICOs to make relevant arrangements… Please follow and like us:

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China moves to shut down cryptocurrency exchanges

BEIJING – Chinese regulators are taking steps to shut down the country’s cryptocurrency exchanges and ban trading of digital cryptocurrency to rein in financial risks. All Beijing-based cryptocurrency exchanges had to halt new user registration by midnight on Sept 15 and publicly notify users when they formally close, according to a policy document issued by local… Please follow and like us:

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China Might Shut Down All Bitcoin Trading Platforms

Chinese regulators are bringing down the hammer on the cryptocurrency industry. First, China banned all initial coin offerings last week. Then multiple newspapers and a few trusted Chinese sources reported the country could soon shut down all local bitcoin exchange platforms. At the moment, there are more rumors floating around than actual policies. On Wednesday, China’s… Please follow and like us:

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China steps up financial regulation to address risks

BEIJING – China’s ban on Initial Coin Offerings (ICOs), a digital coin fundraising scheme, was only part of a broader campaign to curb the country’s financial risks. In an announcement Monday, China’s central bank ordered a complete halt on new ICO offerings, in which technology start-ups issue their own digital coins, or “tokens,” to investors to… Please follow and like us:

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China bans ICOs as risks abound

BEIJING – Chinese authorities on Monday ordered a ban on Initial Coin Offerings (ICOs), a nascent form of fundraising in which technology start-ups issue their own digital coins, or “tokens”, to investors to access funds as the rapidly expanding market spawned concerns over financial risks. Starting Monday, ICO activities should be halted, and ICO platforms should… Please follow and like us:

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This Blockchain Startup Could Revolutionize Real Estate Investments

On Tuesday, an initial coin offering launched by the real estate startup Propy Inc. sent shockwaves throughout the blockchain community. The tokenized fundraising campaign raised more than $5 million, attracting investors like billionaire TechCrunch founder Michael Arrington. Demand for Propy’s tokens, called PRO, was so high it overloaded the Ethereum network. Although the final earnings tally… Please follow and like us:

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