Warren Buffet, the Oracle of Omaha Suggests Investors to Stay Away from Bitcoin in 2015 The globally renowned investor, Warren Buffet who is also called ‘Oracle of Omaha’ for right predictions regarding investment opportunities, has suggested the investors to stay away from Bitcoin in the year 2015. He says, “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money.” ...
Professor Kevin Dowd is Still Skeptical about Bitcoin When Professor Kevin Dowd, a professor of Economics and Finance at Durham University, wrote a piece titled “Bitcoin is bust: Why investors should abandon the doomed cryptocurrency,” a lot of debate took place whether this libertarian and fierce advocate of private money over ...
Online payments expert Stripe recently added Bitcoin payment support to its API, following which users will able to accept payments in digital currency alongside credit cards. The new-feature is scheduled to come out of beta testing in January 2015 and will charge a fee of 0.5% per transaction. Launched in March 2014, Stripe has earned itself a reputation for offering ...
Bloomberg – a renowned business news service – recently voted Bitcoin as the 2014’s worst investment, thus beating Russian Ruble and Ukrainian Hryvnia in terms of maximum drop. As known to everyone, the new-age cryptocurrency has lost half of its value over the course of 12-months – crashing from the peak of $1,100 to the current position of $330. This drop somewhat ...
Following are the major Bitcoin news of the day Charlie Shrem Found Guilty of Abetting Illicit Transactions Charlie Shrem, founder of BitInstant and former board member of the Bitcoin Foundation, was found guilty of abetting illicit transactions to online drug bazaar Silk Road. As a result, the 25-year old Bitcoin entrepreneur received a two-year jail term. ...
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