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Mexican Magnate Worth $11B Reveals His Portfolio is 10% in Bitcoin

18 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Mexican billionaire Ricardo Salinas Pliego tweeted on Nov. 18 that 10% of his liquid assets was in Bitcoin, making him yet another billionaire to reveal he had invested in the asset. Pliego’s tweet was a recommendation on his favorite book, “The Bit...

AirBnB Might Be Considering Crypto, IPO Filing Shows

18 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

AirBnB is considering cryptocurrencies and tokenization features, according to an IPO filing submitted to the United States Securities Exchange Commission on Nov. 17. The company said that its “future success will depend on our ability to adapt to e...

Ray Dalio Says Asks Community to Correct Him on Bitcoin

18 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Bridgewater Associates hedge fund manager Ray Dalio, a prominent Bitcoin critic, said that he “would love to be corrected” about his views on the asset, and asked Twitter on Nov. 13 to offer arguments in favor of it. Dalio said that he might be "mis...

BitMEX Hit With Another Lawsuit

18 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Derivatives exchange BitMEX is facing yet another lawsuit, after a Romanian citizen filed a complaint on Nov.13 against parent company HDR Global Trading Limited.  Păun Gabriel-Razvan, a Romanian citizens from Bucuresti, filed the lawsuit in the Nor...

Mike Novogratz Bought 500,000 ETH From the Ethereum Foundation at $0.99 Levels

18 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Galaxy Digital founder and CEO Mike Novogratz bought 500,000 ETH from the Ethereum Foundation at less than a dollar each, he revealed in an interview on Nov. 10. Novogratz was interviewed by Nugget’s News Alex Saunders, and spoke a range of topics i...

Skype Co-Founder Keeps His Money in Crypto

17 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

Skype co-founder Jaan Tallinn, in an interview with Fortune published on Nov. 13, said that he stores most of his wealth in cryptocurrencies. Tallinn, now an investor in the European startup scene, told Fortune that most of his personal wealth was i...

Grayscale Surpasses 500,000 Bitcoins in Its Trust

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments now holds over 500,000 BTC in its Bitcoin Trust, the company announced on Nov. 16. The total holdings is worth roughly $8.35 billion or 2.69% of the total Bitcoin supply; the firm almost doubled it...

Our Currency Inflates, Bitcoin Does Not - Says US Senator

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Wyoming senator-elect Cynthia Lummis, who will assume office in Jan. 2021, offered a lot of praise for Bitcoin in an interview on ABC’s Good Morning America segment on Nov. 14. When asked about whether she wished to bring Bitcoin in national discuss...

Original Dollar (OUSD) Loses $7M Through Flash Loan Attack

17 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

The Origin Dollar (OUSD) project has lost $7 million in a flash loan attack, the team announced in a blog post published on Nov 17.  The attacker exploited a reentrancy bug in the protocol’s smart contracts, which took place in the middle of a mint;...

Galaxy Digital Reports Net Income of $44.3M in Q3 2020

16 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Digital asset management firm Galaxy Digital reported a net income of $44.3 million in its Q3 2020 financial results, which was published on Nov. 13. The firm reported a net income of $44.3 million, a far cry from the $68.2 million loss reported the...