Overstock CEO’s Massive Bet on Bitcoin and Crypto, Plus Ripple and XRP, Ethereum, EOS, Tron, Cardano: Crypto News Alert
From a bold bet on Bitcoin to a controversial new report on EOS, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
The founder and CEO of Overstock plans to sell the entire retail arm of his business to focus on blockchain and cryptocurrency.
The Wall Street Journal reports that CEO Patrick Byrne, who founded Overstock in 1999, will launch tZero, a blockchain-based Bitcoin and crypto trading system.
“I don’t care whether tZero is losing $2 million a month,” Mr. Byrne said in an interview with WSJ. “We think we’ve got cold fusion on the blockchain side.”
Ripple and XRP
Ripple has released a new ad comparing the power of blockchain to the status quo of current cross-border payment technologies.
Would you check your bags without a way to ensure they'll arrive? https://t.co/fWuGHcp3Tu pic.twitter.com/UZJppt4r2x
— Ripple (@Ripple) November 23, 2018
Meanwhile, the XRP Tip Bot now supports escrow transfers.
Users can send XRP that will be auto delivered after a set amount of time.
Update 😎 The @XRPTipBot now supports #ESCROW withdrawals ⏱️🔒 (with auto-finishing, so after escrow expiration the TipBot will finish the escrow for you so the XRP ends up in the beneficiary XRPL account) 🎉 So now you can use the TipBot to gift someone escrowed XRP as well 🙂 pic.twitter.com/Ibf7N77GSu
— Wietse Wind (@WietseWind) November 23, 2018
Ethereum
The co-founder of Union Square Ventures, a New York City-based venture capital firm, just released a short outlook on mainstream stocks like Apple as well as cryptocurrency.
Fred Wilson says Ethereum looks like the easiest crypto “to make a bull case for right now.” But despite the optimism, he says it’s a tough time to buy just about any type of asset.
EOS
BitMEX has released a controversial new report on EOS.
According to the report, based on “a thorough assessment of the entire system, EOS was originally architected as a blockchain, though the resulting platform failed to achieve the necessary composition of a blockchain system.”
You can download the full report from BitMEX here.
Tron
Intergalactic Gaming, a Tron-based blockchain startup centered on tokenizing the esports industry, says it’s gearing up for its alpha launch.
The release is planned for December.
Cardano
The latest episode of The Cardano Effect is out. This episode focuses on Cardano’s goal of leading the next generation of blockchain technology.
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