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Billionaire Took a $130 Million Loss in Bitcoin But “Felt So Much Better”

The billionaire CEO of Softbank, Masayoshi Son, doesn’t understand Bitcoin. After investing approximately $200 million, following the advice from Bitcoin booster whose investment firm was acquired by the bank, he found the asset’s price movements distracting and took a heavy loss when he exited back in 2018 as per a Business Insider report on Nov 20. дальше »

2020-11-21 23:00


Ray Dalio Reiterates Bitcoin Doubts, Community Jumps in Offering Corrections

Legendary investor Ray Dalio has restated the reasons behind his much-publicized antipathy toward Bitcoin. Writing on his Twitter account on Nov 17, Dalio identified extreme volatility, insufficient utility as a medium of exchange, and risk of opposition by governments as factors that will hold back Bitcoin from long-term success. дальше »

2020-11-19 13:52


Ripple Registers Trademark for Financial Services-Focused Product

San-Francisco-based fintech firm Ripple Labs Inc. has filed for a trademark for a product focused on financial services, on Nov. 6. As the filing explains, the product in question is called PayString and falls under categories such as “electronic financial services, namely, monetary services for receiving and disbursing remittances and monetary gifts” in both fiat […] The post Ripple Registers Trademark for Financial Services-Focused Product appeared first on BeInCrypto. дальше »

2020-11-14 18:31