Warren Buffett, Charlie Munger Slam Bitcoin Again, Resort To Elementary School Insults

Billionaire investor and Berkshire Hathaway’s Chairman and CEO Warren Buffett reiterated his negative stance towards cryptocurrencies at the annual meeting of his company Saturday, May 5. Buffet repeated his idea that cryptocurrencies will come to a “bad ending,” and claimed that Bitcoin (BTC) is “probably rat poison squared,” according to CNBC. In response to a question on Buffet’s view of cryptocurrencies raised by an attendee from Ukraine, the “Oracle Of Omaha” has made yet another anti-crypto statement. According to Buffet, Bitcoin is not a “productive” asset, unlike land or corporate shares. As a result, investors’ demand for it is…

Ethereum Under The Regulatory Spotlight

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Ethereum (ETH), the second largest cryptocurrency by market capitalization, is facing scrutiny from American regulators this month. The cryptocurrency is subject to a looming enquiry by the US Securities and Exchange Commission (SEC) as well as the Commodity Futures Exchange Commission (CFEC) for its token presale in 2014. According to the Wall…

EOSIO Announces Dawn 4.0 Update, Full Release Slated For June

Block.one CTO Daniel Larimer has announced the release of EOSIO Dawn 4.0, the latest version of the architecture of EOSIO platform for decentralized applications (DApps). The update includes a number of changes in preparation for the full launch of EOSIO 1.0 in June, according to Larimer’s Medium post Saturday, May 5. Block.one is an open source software publisher currently working on EOSIO, a decentralized operating system designed for industrial-scale applications. EOS, the ERC20 Token that is fueling the EOSIO platform, currently has the fifth largest market cap of all cryptocurrencies,…

Three Reasons Why Bitcoin Will Continue to Surge in Short-Term

Join our community of 10 000 traders on Hacked.com for just $39 per month. Brian Kelly, a long-time contributor to CNBC’s Fast Money and the founder of BKCM, has laid out three major factors that could fuel the next big rally of bitcoin, now that the bitcoin price has officially crossed the $10,000 mark. Three Factors According to Kelly, three major factors that will inevitably lead the bitcoin price to the next support levels at $12,000 and $14,00 are the entrance of banks such as Goldman Sachs, clarity from regulators…

BTC Tantalizingly Close To Smashing $10K Globally, Already There On Asian Markets

Saturday, May 5 : All eyes are on the markets this week as they consolidate a rally to levels not seen since early March, with Ethereum (ETH) and Bitcoin (BTC) leading the way, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has been tantalizingly close to breaking the $10,000 threshold, trading at $9,942 to press time, and as high as $9,991 over the 24 hour period. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Crypto commenter Joseph Young has pointed out that looking beyond the global markets’…

Bitcoin at $9,900, What’s Next For Bitcoin Price After $10,000?

Join our community of 10 000 traders on Hacked.com for just $39 per month. The bitcoin price is less than $100 away from surpassing $10,000 after demonstrating a strong week of momentum and volume. In Hong Kong and South Korea, the bitcoin price has already reached $10,000. What’s Next After $10,000? For many months prior to November 2017, the $10,000 threshold was considered an important psychological support level for most traders, because it marked an important milestone for bitcoin. But, once bitcoin surpasses the $10,000 mark, investors will look towards…

Pro-BTC Wall St Analyst Urges Not To Buy Crypto Now, Despite Recent Rally

Nick Colas, the first Wall Street brokerage analyst to cover Bitcoin (BTC) extensively, has urged investors to think twice before entering the crypto market, despite the market’s recent rally, in an interview with CNBC May 4. Colas has a well established reputation among Wall Street professionals, having authored Convergex’s popular Morning Markets Briefing for 14 years. He refuted the idea that in the wake of the market’s early year crash, now could be an opportune moment for investors to get in: “A lot of people [are] asking [whether] now [is]…

Asian Cryptocurrency Trading Update: Litecoin Lifted as Rumors of Lee Leaving Emerge

Entering the weekend crypto markets have remained bullish and are continuing to climb. Total market capitalization has crossed $450 billion and is marching upwards for the time being. Bitcoin has crept towards the critical $10k barrier but has failed to break it rising 2% on the day to trade at $9,800. Altcoins are largely mixed during Asian trade this morning with most of the top ten in the green but many of the others retracting slightly. One showing the biggest gains in the top 25 at the moment is Litecoin.…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 04

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Goldman Sachs, one of the biggest investment banks in the world, is taking the plunge into the exciting world of cryptocurrency trading. The bank’s decision was made because of the overwhelming client requests. This is a very positive sign for the crypto market’s…

Former US Federal Reserve Governor Says Federal Digital Currency Deserves Consideration

Former Federal Reserve Bank (Fed) governor Kevin Warsh thinks that the creation of a ‘FedCoin’ in order to “bring legal activities into a digital coin” deserves serious consideration, The New York Times reported May 4. Kevin Warsh is an American financier who was governor at the Fed from 2006 to 2011. He was a top contender to become its chairman when the Trump administration chose Jerome Powell instead. Warsh said that if he had returned to the Federal Reserve, he would have formed a team “to think about the Fed…