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Wall Street’s renowned investor Bill Miller calls himself a Bitcoin observer, predicts that the main cryptocurrency can be worth either a lot or zero. Bitcoin (BTC) can potentially have a high value or be worth nothing, noted Wall Street investor Bill Miller told CNBC in an interview on Monday, Jan. 7. Miller, the founder of investment management firm Miller Value Partners, spoke to CNBC host Kelly Evans during a show called “The Exchange,” calling Bitcoin an interesting technological experiment and recalling a clear pattern of higher lows each year. For instance, the coin’s lowest price hovered around $3,200 last year, he stated. However, now Bitcoin is trading over $4,000 again. Miller told Evans: “Bitcoin has the potential to be worth a lot and to be worth zero.” The investor also mentioned another tendency, noting that Bitcoin bottomed almost exactly 52 weeks after it peaked in December 2017, while the stock market didn’t bottom for another three to four weeks. However, Miller hig..
Pascal Boyart set up the secret mural stash to celebrate the tenth anniversary of the Bitcoin genesis block. A French graffiti artist has hidden $1000 in Bitcoin in his latest project, he confirmed in a blog post Jan. 6. Pascal Boyart, who last year embedded a Bitcoin (BTC) wallet QR code in his work to earn passive income, said he opted for the “treasure hunt” approach to celebrate the tenth anniversary of the Bitcoin genesis block Jan. 3. The Bitcoin is contained somewhere in the wall mural “La liberté guidant le peuple 2019,” itself based on Eugene Delacroix’s famous painting as a symbol of the French Revolution. The location of the mural is a secret, and anyone can piece together the clues to find it. “...it’s up to you to find the wall and the solution to the puzzle,” Boyart wrote. The wallet address of the prize is public, with entrepreneur Alistair Milne encouraging Bitcoin users to donate to the project to increase the size of the treasure. At press time, the wallet contained ..
Circle co-founder Jeremy Allaire believes that crypto valuations will increase, and BTC will be worth “a great deal more” than it is now. Jeremy Allaire, co-founder of crypto finance company Circle, told CNBC in an interview Friday, Dec. 14, that Bitcoin (BTC) will be worth “a great deal more” than it is now. When asked about the Bitcoin price in three years, Allaire told Squawk Box host Andrew Ross Sorkin that he does not make “significant price predictions,” while adding, “I think it is certainly going to be worth a great deal more that it is today.” Allaire also stated that while Bitcoin is attractive as a non-state store of value, a slew of other tokens will enter the space, and the bases of their valuations will be diverse. He further explained: “I do not think it's a winner-take-all [situation]. We have the phrase ‘the tokenization of everything,’ and we think cryptographic tokens are going to represent every form of financial asset in the world. There will be millions of t..
In the cryptocurrency industry, large transactions hardly go unnoticed. This is especially so when the transactions are being carried out on public blockchains. Yesterday, a significant amount of XRP was sent to a single receiver address for just 0.000012. The funds were sent in three transactions within a few minutes. So many people in the cryptocurrency community have been wondering what the reason of such a mega transaction could be. $910 Million Worth Of XRP Moved In Three Transactions On Monday, the first transaction of 850 million XRP tokens, which is equivalent to $300 million, was sent to rKveEyR1SrkWbJX214xcfH43ZsoGMb3PEv. Later the same day, that address received 750 million XRP tokens. A few minutes later, another transaction worth 1 billion XRP tokens was made to the same address. The total sum of all the transactions amounted to 2.6 billion XRP which is equivalent to about $910 million even with the current market conditions. XRP (XRP) Price Today – XRP / USD Name Price..
Blockchain, a company that providers Bitcoin wallets is set to launch a Stellar (XLM) airdrop. The company intends to give out $125m in XLM to all the participants of the airdrop. This event will mark the biggest cryptocurrency airdrop in history. The announcement was made during the Lisbon Web Summit on Tuesday by the CEO of the company, Peter Smith. Everyone within the 30 million customer base of the company will be entitled to tokens as long as they participate in the airdrop with verified wallets. Stellar (XLM) Price Today – XLM / USD Name Price24H (%)$6,476.99 -0.29%$0.234824 -1.78% Blockchain, as a company, offers retail investors digital wallets on a global scale. The giveaway is going to last for six months. The tokens that will be used for the airdrop will be provided by the Stellar Development Foundation. This is a nonprofit organization that was created to promote Stellar Lumens (XLM). The giveaway, is called a cryptocurrency airdrop. It is the process of giving out crypto..
Not too long ago, smartereum.com reported that EOS Bet was hacked by cyber criminals. The developers were able to identify the loophole and seal it. However, the platform has suffered another hack. This time, hackers were able to steal EOS tokens worth $338,000. The hackers performed illegal transactions that allowed them to run with 65,000 EOS which is equivalent to $338,000. This is because of a vulnerability in the EOS blockchain that can be exploited through EOS Bet. The hackers were able to trick the EOS smart contracts functionality into paying their fake accounts using a malicious code. It is the malicious code that rendered regular accounts, fake. EOS Price Today – EOS / USD Name Price24H (%)$5.41 0.44% As at the time of writing, the EOS development team was yet to issue any statement about how dip the damage went. However, one of the block producers said that it was possible because of a loophole in the system and it would be better if there was a more rigorous verification ..
An interview with Mr. Roubini about “buggy” smart contracts, Ethereum being a scam, why he might want to give the industry another try The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to the existing course of events at the time. A Harvard alumnus and now a professor at NYU Stern School of Business, Mr. Roubini has always been critical of the crypto and blockchain industry. Oct.11, 2018 he testified at the Congressional hearing on Capitol Hill, Washington D.C., warning U.S. senators about “the mother or father of all scams and bubbles," — crypto. We met with Mr. Roubini during BlockShow Americas in Las Vegas and talked about why he doesn’t believe in smart contracts, thinks Ethereum is a scam, and the fact that he might want to give the industry another try. On being “against” the crypto industry“I'm not against [it], I'm open to any ..
Tron (TRX) has been sounding its trumpet in the crypto space since its inception. Tron is a decentralized internet startup. The blockchain project has refused to slow down when it comes to promoting its digital currency. Tron (TRX) even became more popular after the launch of its Mainnet. This is due to the numerous developments, news and partnerships it has secured since then. The founder and CEO of the blockchain project – Justin Sun – has also been very outspoken about the project. He has been at the forefront of increasing the awareness of the digital currency. Justin Sun was also in the news recently when he said the Tron (TRX) developer community is more active and vibrant than Ethereum. The Tron Foundation recently released a new tool suite for its developer community. Justin Sun Announces A Forthcoming Partnership Recently, the CEO of the Tron (TRX), Justin Sun, announced a forthcoming partnership with an industry giant. The partnership is said to be valued at tens of billio..
The next five years will see blockchain in agriculture and food supply chains increase in value by over 600 percent. Agriculture and food supply chains will get investment worth over $400 million over the next five years directly from blockchain, according to a new report. Authored by Reportlinker, a report released this week “Blockchain: Agriculture Market Forecast until 2023” foresees the sector growing from its current worth of $60.8 million to $429.7 million at a compound annual growth rate of 47.8 percent. “Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations,” a summary press release reads. “The blockchain market is expected to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals.” As Cointelegraph reported numerous times, major food giants across the world are experimenting with blockchain solutions to address a range of inefficiencies...
A recent study by ReportLink states that blockchain in the U.S. manufacturing market will increase from 2020–2025. A recent report by technology research company ReportLinker shows that blockchain technology in the U.S. manufacturing sector is expected to grow significantly from 2020–2025. While preparing the report, the authors split blockchain usage by application, end use, and territory. The study then divided the blockchain in manufacturing market based on end use into energy and power, industrial, automotive, pharmaceuticals, aerospace & defense, food and beverages, textile and clothing, and other sectors. According to the research, the blockchain in manufacturing market is expected to be worth $30 million by 2020 and grow at a compound annual growth rate of 80 percent to $566 million by 2025. Per the report, blockchain will simplify business processes and ensure transparency and immutability, while eliminating intermediaries in logistics and supply chains. The authors cite sever..
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