What Do Billionaires Really Think About Cryptocurrency?

Since cryptocurrencies such as Bitcoin exploded in popularity they have disrupted many global industries, including hedge funds, banking and real estate. Though many industry giants welcome change with open arms, some remain wary of cryptocurrencies. Warren Buffet is one of the billionaires who think crypto will have a bad ending. On the other hand, Facebook […]

Head Of Facebook Crypto Project: ‘I Don’t Think Of Bitcoin As A Currency’

One of the main developers of Libra, Facebook’s proposed cryptocurrency, sees Bitcoin — a potential competitor to the Facebook project — as a store of value, perhaps, but not a way to spend money. “I don’t think of Bitcoin as a currency,” said David Marcus. “It’s actually not a great medium of exchange because of […]

Opinion: Don’t Expect Facebook’s Cryptocurrency to Get Approved Soon — or Maybe Ever

Facebook this past summer unveiled it plans to establish its own proprietary Bitcoin-style cryptocurrency, called Libra. Facebook’s foray into financial services offering will allow smart phone users to send money to each other and pay for goods across the Internet. The company anticipates that its digital “wallet” will be adopted worldwide and meet with regulatory […]

Top U.S. Regulator Calls Bitcoin ETF a Sure Thing — Eventually

Asked whether those involved in Bitcoin had satisfied his initial concerns regarding a Bitcoin ETF, Securities and Exchange Chairman Commission (SEC) Jay Clayton stated: “The short answer is yes, but there’s work left to be done.” The cryptocurrency industry has taken a number of steps towards addressing issues that make regulators uneasy about launching an […]

This Country Possesses the World’s Largest Reserves of Gold

While people transact in dollars, the wealthy and governments transact in gold. The United States is No. 1 in this regard. The U.S. government has more than 8,133 tons of gold in its reserves. In fact, the United States has more gold stored in its reserves than Germany and Italy combined, which are respectively number […]

Global Bank Official Warns: Facebook’s Cryptocurrency Project a Real Danger

A high-ranking European Central Bank (ECB) official recently outlined a number of problems he found with Facebook’s planned cryptocurrency Libra. His critique is the latest in a number of warnings from various government officials around the globe.  “I sincerely hope that the people of Europe will not be tempted to leave behind the safety and […]

Opinion: Slim Chances of Approval For Facebook’s New Cryptocurrency

On June 18th Facebook unveiled plans to establish its own proprietary Bitcoin-style cryptocurrency, called Libra. Facebook’s financial services offering would allow smart phone users to send money to each other and pay for goods across the Internet. Facebook hopes to implement its digital currency offering in 2020. Facebook shares are up 45% this year, in part […]

Early Cryptocurrency Investor Thinks This Trendy Food Is the Next Bubble

Former hedge fund manager Michael Novogratz compares Beyond Meat’s stock rally to the Bitcoin bubble that occurred two years ago. Beyond Meat is the company behind the suddenly popular plant-based Impossible Whopper at Burger King and, more recently, a meat-free fried chicken alternative at KFC. Novogratz was an early bitcoin investor who also started a […]