Crypto billionaire Su Zhu took to Twitter yesterday to criticize Ethereum, the world’s second-largest blockchain by market cap, setting off controversy in crypto circles and its appeal for investors and developers alike. Yes I have abandoned Ethereum despite supporting it in the past.Yes Ethereum has abandoned its users despite supporting them in the past.The idea of sitting … [Read more...] about Billionaire Avalanche backer Su Zhu stirs up controversy after Ethereum criticism
Billionaire
After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
As the dust settles on one of the most ambitious crypto experiments in recent memory, a host of questions remain unanswered – starting with the fate of over $49 million in donations.On Thursday night, auction house Sotheby’s played host to an unusual bidder: ConstitutionDAO, an ad-hoc group of over 17,000 donors who pitched in to collectively buy a rare print of the … [Read more...] about After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank
The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country.On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank is “working” to become the first in Mexico to accept the world’s leading digital asset.The … [Read more...] about Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank
Billionaire Ray Dalio says Chinese ‘digital’ yuan could compete with Bitcoin
Bridgewater Associates founder and CEO Ray Dalio says Bitcoin can see traction in the years to come, but that the digital version of Yuan, China’s national fiat currency, could ‘compete’ with it.“I think you are going to see the renminbi become a more significant, a strong currency, stable currency, more attractive-returning currency, and also a more widely used currency in the … [Read more...] about Billionaire Ray Dalio says Chinese ‘digital’ yuan could compete with Bitcoin
‘I felt like a moron’ for not buying Bitcoin, says billionaire Stanley Druckenmiller
Billionaire investor Stanley Druckenmiller has recently explained why invested only $20 million in Bitcoin (BTC), skeptical of Ethereum (ETH), and prefers to pretend that Dogecoin (DOGE) doesn’t exist at all.“For the first move in Bitcoin—I think from like $50 to $17,000—I just sat there aghast. And […] I wanted to buy it every day. It was going up and—even though I didn’t … [Read more...] about ‘I felt like a moron’ for not buying Bitcoin, says billionaire Stanley Druckenmiller