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Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said ethereum could be a “powerful platform” whose untapped potential is off-the-charts. Schmidt made the remarks during a live event with economist Tyler Cowen hosted by Village Global in San Francisco. In the wide-ranging conversation, Schmidt discussed the future of … Continued
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Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements
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Li Xiaolai, the billionaire founder of cryptocurrency venture capital firm BitFund, has reportedly left the industry as the regulatory pressure in China intensifies. In a recent post on Chinese microblogging website Weibo, Xiaolai declared that he is done investing in the cryptocurrency industry. “From this day on, I, Li Xiaolai, will personally not invest in […]
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Li Xiaolai, the founder of Beijing-based venture capital firm BitFund and a widely recognized billionaire Bitcoin investor in China, has publicly stated that he will personally move away from the blockchain and initial coin offering (ICO) space. He said on China’s largest social media platform Weibo: “From this day on, Li Xiaolai personally will not
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Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably. Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently. Wu’s company Ideanomics, formerly
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Billionaire Mike Novogratz of Galaxy Investment Partners believes Bitcoin (BTC) will have a 30% rally by December 2018, which means the current price of $ 6,700 would jump to $ 8,700 if he’s correct. The backer of EOS (EOS) and former Wall Street hedge fund manager made the prediction on Friday in a CNBC “Fast Money” interview.
Novogratz said that cryptocurrencies have bottomed in prices and that most of the selling have concluded. That means valuations have nowhere to go but up.
Continue reading Bitcoin To Jump 30% Says Billionaire Mike Novogratz at Crypto Daily™.
Tech billionaire Tim Draper stands by his bitcoin price target of $ 250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap. “This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the
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In a recent interview with The Street, venture capital investor Tim Draper again defended his prediction regarding the price of Bitcoin (BTC) reaching $ 250,00 by 2022. Despite the ongoing bear market, Draper maintains his opinion that cryptocurrencies will contribute to increasing the velocity of money within the next ten years. Draper anticipates a decrease in […]
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Billionaire investor and prominent Bitcoin bull Tim Draper believes that the total cryptocurrency market capitalization will reach $ 80 trillion in the next 15 years. While speaking at the DEALSTREETASIA PE-VC Summit 2018 in Singapore, Draper stated his belief that the latest downturn in cryptocurrency prices is related to people simply not being accustomed to the new digital […]
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A luxury car retailer based in Houston, Texas, has become the first Bentley, Bugatti and Rolls-Royce (but not Lamborghini) dealership in the United States to adopt cryptocurrency as means of payment. Post Oak Motor Cars, which is owned by Houston Rockets billionaire, Tilman Fertitta, will now accept bitcoin and bitcoin cash thereby breaking new ground
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Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions and digital assets.
Also read: Coinbase Flexes Muscle, Creates Political Action Committee
Billionaire investor Marc Lasry predicts that Bitcoin could go as high as $ 40,000 in a few years. Lasry believes rising adoption will make the top-ranked cryptocurrency easier to trade thus causing the price to skyrocket.
According to Lasry, Bitcoin is poised to see an increase in utility in the coming years and more people warm up to the emerging asset class. Speaking to CNBC, the Avenue Capital Group chief said:
As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet.
UK media has reported that 34-year-old Ben Delo, the co-founder of Bitmex, has become the youngest British self-made billionaire.
Also Read: Japanese Regulator Responds to Reports of Overhauling Crypto Regulation
According to The Sunday Times, Ben Delo’s college yearbook describes him as having been voted the student most like to become a millionaire, and the student second most likely to end up in prison. UK media is now heralding the Bitmex co-founder as the first Briton to become a billionaire through cryptocurrency, and the youngest British self-made billionaire at just 34.
Soon, wealthy tourists looking to live large in the Caribbean will be able to reserve rooms at controversial billionaire Calvin Ayre’s resort in Antigua — if you’ve got the Bitcoin Cash.
The billionaire founder of the Ayre Group and the Bodog entertainment brand, Calvin Ayre, is reportedly building a $ 100 million five-star resort on Antigua’s Valley Church beach — funded entirely by profits made from investments in digital currencies.
The prime minister of Antigua and Barbuda, Gaston Browne, is excited by the news, as the islands have long been supportive of cryptocurrency. Browne says of the project:
