Category: Investment

Billionaire investor Warren Buffett told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won’t end well. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said. “When it happens or how or anything else, I don’t know,” he added in an interview on CNBC’s “Squawk Box” from Omaha, Nebraska. “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I…

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Telegram, a popular Russia-based encrypted texting startup, will integrate a blockchain system called “Telegram Open Network” (TON) into its messenger app and launch a new cryptocurrency called “Gram,” according to TechCrunch. The initial coin offering (ICO) is expected to be one of the largest—and maybe the largest—ever. Marrying cryptocurrency transactions with the app’s encrypted communication features could be monumental, as the combination would give users access to a decentralized payment system with little oversight from governments or banks. That means that users could privately send and receive money, even in…

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Shares of disk drive company Seagate Technology (STX) were flying Monday, reportedly due to its investment in a cryptocurrency that has soared in value, though it was sinking on Monday. In May 2015 a report from CoinDesk, described as a leader in blockchain news, said Seagate invested in digital payment network company Ripple Labs, in its desire to become an “active participant” in blockchain technology. Ripple Labs, founded in 2012, uses the Ripple protocol and its own native digital currency, called XRP as a way to move money internationally. Seagate…

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