Day: February 24, 2020

Warren Buffett Doesn’t Want to Own any Cryptocurrency

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“Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday. Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO of Tron, and long-time believer in crypto. In May 2019, the two gathered with others at a fundraiser for the Glide Foundation, a charity organization that helps the homeless in San Francisco. Speaking billionaire to billionaire, the young Sun suggested the seasoned Warren consider investing in cryptocurrency. However,…

Blockchain Security Company CoolBitX Raised $16.75 Million in Series B

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CoolBitX, creator of the cryptocurrency-storing CoolWallet, continues to be popular with investors. In a press release today, the Taiwan-based startup announced that it had secured additional funding for expansion. Led by Japan-based SBI Crypto Investment Co. Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan, the group provided CoolBitX $16.75 million from the Series B funding round. To date, the company has raised $30.25 million: $500,000 from a seed funding round, $13 million from Series A, and the most recent round. With this new funding ready, CEO…

Trump Trying to Calm Coronavirus Fears Gives Investors Reason to Panic

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The stock market cratered on coronavirus fears. Donald Trump took to Twitter to try to calm investors’ nerves. Analysts see more downside potential for the stock markets. When they tell you not to panic, that’s when you run. This line from the movie “2012” appears to be relevant these days as governments around the globe try to contain the coronavirus. Currently, the coronavirus is rampaging through South Korea, Iran and Italy. These countries are raising health alert levels while enacting strict emergency measures. None of the countries hit by coronavirus…

Ripple (XRP) Takes A Bit Hit But Here Is Why It Could Correct In Short-Term

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Ripple failed to stay above the $0.2740 support and extended its decline against the US Dollar. XRP price is currently testing the key $0.2650 support and it could correct higher Ripple price is down 3% and it traded below the $0.2740 support against the US dollar. The bulls are currently protecting the $0.2650 support area. There is a short term ascending channel forming with resistance near $0.2720 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct higher in the short term towards $0.2710…

Ethereum Eyes Downside Thrust Before A Strong Upsurge

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Ethereum is currently declining and trading below $270 levels against the US Dollar. ETH price could dive towards the $255 support area before it starts a fresh upward move. Ethereum struggled to climb above the $280 resistance and declined recently against the US Dollar. The price is currently declining and trading below the $265 support area. There is a key descending channel forming with resistance near $266 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also moving lower towards the $9,600 and $9,500 support levels.…

Here’s The Quite Bullish Silver Lining of Bitcoin’s Monday Plunge to $9,500

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After surging as high as $10,000 on Sunday evening, Bitcoin slumped. The cryptocurrency, which has been subject to extreme volatility over the past two weeks, suddenly plunged from $10,000 to $9,700, then continued to drop to a daily low just below $9,500 just hours later. Despite this rapid reversal, there is a silver lining. The Silver Lining in Bitcoin’s Price Action As pointed out by popular crypto trader CryptoHamster, Monday’s plunge wasn’t as bearish as many have painted it to be because BTC defended the key $9,500 support on four…

The Coronavirus Is Helping to Contain the Spread of K-Pop Band BTS

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BTS was forced to live stream a global press conference due to the risk of infection. Which plague is worse: the coronavirus, or BTS? The coronavirus is an antidote for K-pop. One of the most disastrous plagues to come out of eastern Asia has been stopped in its tracks by the coronavirus. BTS, the world’s cringiest k-pop troupe, was forced to livestream its global press conference via YouTube, following the coronavirus threat. According to a press release from Big Hit Entertainment—management for the k-pop phenomenon—a global press conference to celebrate…

Hasbro is Price Gouging UK Customers With Their New Tiger Electronics Games

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Hasbro is releasing these throwback handheld consoles featuring Sonic the Hedgehog and The Transformers amongst others. While these units are priced at around $15 in the U.S., they’re the equivalent of nearly $30 in the UK. Is this a mistake, or a deliberate act of price gouging from Hasbro? Hasbro recently decided to bring some classic handhelds back onto the market. Tiger Electronics games were a budget series of handhelds for those who couldn’t afford a Gameboy or GameGear. They were cheap, but they were a lot of fun if…

Status, an Ethereum Private Messenger Goes Waku on Telegram

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Startup Status raised $100 M in its 2017 initial coin offering on the premise of building a private messenger based on the Whisper protocol that allows Ethereum DApps to communicate. Each smartphone that runs a Status app becomes a node, and all the messaging runs on a peer-to-peer network which is censorship-resistant. After three years of hard work, it is ready for the spotlight. Picking up where Ethereum dropped off Whisper currently allows for only about 100 daily users according to the company’s simulations. Status hopes to overcome this limitation.…

Bitcoin & Traditional Markets Drop 3% as Coronavirus Spreads in Italy

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On Monday morning equities markets in the United States and Europe dropped sharply as investors fear over the continued spread of COVID-19, also known as the Coronavirus, intensified. Earlier in the day, the Italian government instituted a quarantine on 10 towns as the number of people infected by the highly infectious virus rose to 152 and to date 7 people have died. The initial threat COVID-19 posed to global markets seemed to have subsided as China’s swift intervention and strict nationwide quarantines painted the picture that a global pandemic had…