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Report: Facebook Will Announce Its Cryptocurrency Project This Month
Facebook will reportedly announce its cryptocurrency project later this month This report comes from a CNBC report, reiterating a fresh recent news report from The Information. Perhaps most notably, Facebook will reportedly offer employees working on the project the opportunity to take their salary in the new cryptocurrency. Previous suggestions indicated that Facebook’s upcoming cryptocurrency project would not launch until 2020. The report from The Information, however, says that Facebook…
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SEC Sues Kik for $100M ICO, Experts Call SEC’s Case ”Very Strong”
The United States Securities and Exchange Commission (SEC) has now filed a lawsuit against the messaging company Kik. Specifically, the SEC is suing Kik over the firm’s initial coin offering (ICO) for its Kin token back in 2017. The SEC sues Kik for its $100 million ICO from 2017 Moreover, the SEC filed an official complain on Tuesday, claiming that Kik’s ICO was an ”illegal $100 million securities offering”. According…
Warren Buffett will dine with Justin Sun
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TRON Founder Justin Sun Pays $4.57 Million for Lunch with Warren Buffett
Justin Sun, founder of the blockchain platform TRON and CEO of file-sharing company BitTorrent, will dine with Bitcoin-skeptic Warren Buffett. However, this did not come cheap – as Sun placed the winning bid on Buffett’s annual eBay lunch charity auction. Sun’s bid? A record-breaking $4,567,888. Bitcoin-skeptic Warren Buffett will dine with crypto-enthusiast Justin Sun Buffett has held this charity auction for the past 20 years. It is in support of…
The total crypto market cap has decreased significantly
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Crypto Market Cap Falls $30 Billion as Analysts Suggest ”Crypto Collapse”
The cryptocurrency markets have been especially volatile during the past 24 hours. The price of Bitcoin briefly touched an intra-year high of over $9,000 before collapsing back down to a daily low of $8,173. All in all, this made the total crypto market cap fall around $20 billion in a matter of hours. Crypto market cap fell $30 billion in hours Specifically, it would appear that Bitcoin’s sudden surge to…