CCN: Shark Tank’s Kevin O’Leary Invests $100,000 in Bitcoin Investing App

Of Shark Tank’s investor lineup, Mark Cuban is the most likely to invest in blockchain technologies. However, already having money in several including the untraceable messaging platform Dust and being an advisor on the Mercury protocol, he said he’s already invested in a similar platform to Bundil and passed on the offer. Perhaps the heel of the show, Kevin O’Leary is often mocked by his fellow Shark Tank investors and rarely actually strikes a deal on the show. Being that all the other sharks backed out, O’Leary was Bundil creator Dmitri Love’s last hope. Love was offering a 10% stake in his company for $100,000, thereby valuing the application at $1 million. Read more

 

If you invested $1,000 in bitcoin 5 years ago, here’s how much you’d have now

The value of bitcoin hit an all-time high of nearly $20,000 in December 2017. Less than a year later, however, its value has dropped to about $6,400. Still, even though bitcoin is worth a lot less today than it was at its peak, if you invested $1,000 five years ago, you would have made a profit. Read more

 

AMD’s poor outlook, crypto-chip slowdown intensify swoon in semiconductor sector

Chip maker Advanced Micro Devices Inc. compounded market jitters about the semiconductor industry Wednesday with news that it has a glut of graphics chips that are no longer a hot commodity among cryptocurrency miners. Read more

 

Newsflash: UK Govt. Halts Royal Mint’s Plans for Gold-Backed Cryptocurrency

Commodity-backed cryptocurrencies were seen as a potential boost for digital money, potentially engendering trust among its users and therefore raising their potential values. Royal Mint Gold was one such project that crypto-enthusiasts had been anticipating. Well, it ain’t happening now. Read more

 

Crypto Market Stagnant as Bitcoin Price Fails to Breakout, Back to $6,390

Throughout the past 24 hours, Bitcoin price seemed to be demonstrating momentum above the $6,400 mark, showing signs of a potential breakout. However, an abrupt fall from $6,430 to $6,370 put an end to the breakout, as BTC failed to breach a minor resistance level. Read more

 

Cryptocurrency is Illegal, President of India’s Primary IT Body Claims

The president of India’s influential IT industry body Nasscom has said that cryptocurrencies are illegal from the association’s perspective. In a week where Indian authorities have arrested the co-founders of a leading cryptocurrency exchange for operating a bitcoin ATM, National Association of Software and Services Companies (Nasscom) president Debjani Ghosh has opined it is “very clear that cryptocurrencies were illegal.”  Read more

 

Blockchain’s First Hardware Wallet Will Let You Trade Crypto for Crypto

One of the oldest software wallet providers in the cryptocurrency industry is launching its first hardware product. Announced Thursday, Blockchain has partnered with hardware wallet maker Ledger and started taking orders for a new handheld device called Lockbox. While there are a number of hardware wallets on the market, Lockbox stands out in two ways, according to Blockchain CEO and co-founder Peter Smith. In addition to storing funds offline like other devices, it will facilitate crypto-to-crypto trades through Swap, the company’s native brokerage, which is launching next week. Read more

 


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