Cryptocurrency

Cryptocurrency

Crypto hedge fund Three Arrows Capital is an ‘old-fashioned Madoff-style Ponzi scheme,’ research firm FSInsight says

The crypto industry was “brought to its knees” in recent weeks by an “old-fashioned Madoff-style Ponzi scheme” wrapped in a trade that was similar to the positions that sunk Long Term Capital Management (LTCM),” research firm FSInsight said in a report Friday looking at the implications ...Read More

Warren Buffett: I wouldn’t buy all Bitcoin in the world for $25, it has no value

Berkshire Hathaway (NYSE: BRK.A) CEO Warren Buffett has reiterated his stance against Bitcoin, maintaining that he cannot invest in the cryptocurrency citing the lack of an intrinsic value. While speaking during the Berkshire Hathaway Annual Shareholder meeting, Buffett rationalized Bitcoin’s lack of tangible value while referencing how sectors ...Read More