Wall Street Titan Misses $7 Billion Bitcoin Windfall, Plus Ripple and XRP, Tron, Ethereum, Cardano, IOTA, VeChain: Crypto News Flash
From the profit potential of Bitcoin and Apple, to a surprise Ethereum upgrade, here’s a look at some of the stories breaking in the world of crypto.
Anthony Pompliano, the founder of crypto investment firm Morgan Creek Digital, says Warren Buffett should have bought Bitcoin instead of Apple.
The recent plunge in Apple’s stock price has cost Buffett nearly $4 billion in profit. Long term, however, his $1 billion investment in the tech giant back in 2016 is now worth $1.4 billion — a substantial gain. But, if Buffett had invested in Bitcoin instead, the $1 billion investment would be worth a whopping $8.7 billion.
Buffett, an outspoken critic of cryptocurrency, said Bitcoin is “probably rat poison squared“ in May of last year.
Warren Buffett spent just over $1 Billion to buy 9.8 million shares of Apple in Q1 2016. Today that stake is worth ~$1.4 Billion.
If he had taken the money and bought Bitcoin instead, he would have $8.7 billion.
Maybe Mr. Buffett should start buying some rat poison 😉
— Pomp 🌪 (@APompliano) January 3, 2019
Ethereum developers say they’re close to launching a new algorithm that would stop specialized ASIC mining hardware from working on the platform.
The code is now being implemented for testing, according to a report from CoinDesk.
ASIC hardware is blamed for placing crypto mining in the hands of a few large corporations and circumventing the decentralized nature of blockchain.
Ripple and XRP
Ripple just gave a group of Wharton undergrads an inside look at crypto and blockchain technology.
Ripple says it talked about its suite of payment platforms and the digital asset XRP during a live presentation at the company’s headquarters in San Francisco.
— Ripple (@Ripple) January 4, 2019
Meanwhile, XRP’s presence as a base pair continues to expand. Located in Singapore, crypto exchange Bitrue says it has now paired Tron with XRP. It’s the 17th XRP-based pair on the platform.
We're thrilled to announce the launch of our most demanded $XRP-Base Pair: TRX/XRP! $TRX/ $XRP is open for trading now! @Tronfoundation + @BitrueOfficial @justinsuntron & @Curis_Wang 🤗👏💪😍📈💰@XTRA_HRDCOR_XRP @JesusXRP and more! Happy trading!
— Bitrue (@BitrueOfficial) January 4, 2019
Block.one, the creator of EOS, is on a hiring spree. From developers to writers, the company now has 32 open job listings.
— Block.one (@block_one_) January 4, 2019
Tron’s latest report on the platform’s decentralized apps is out.
The report looks at new additions to the Tron DApp ecosystem, including the new Tron-based decentralized exchange TronTrade.
The Cardano Effect podcast just put out its year-end review on the platform. The two-hour episode covers the major developments on the platform in 2018, and looks ahead to the new year.
IOTA just released its latest technical overview on the structure of the Tangle, the transaction storing and processing mechanism of the platform.
You can check out the new post here.
— IOTA (@iotatoken) January 4, 2019
VeChain just released a new episode of its Deep Dive series, which looks at the technical aspects of the platform.
This episode looks at a number of services that the Shanghai-based blockchain company offers to enterprises, including data, digital asset, hardware and software security.