• No $4.6 million lunch, but at least Justin Sun has PewDiePie
    Alt coins,  Asia & Australia,  Innovators

    Sick or detained? Tron’s Justin Sun delays Warren Buffet lunch

    Chinese media have reported that the cryptocurrency founder is being detained in China over illegal fundraising, money laundering

    Tron cryptocurrency founder Justin Sun has postponed his high-profile lunch with legendary investor Warren Buffet due either to illness or legal troubles, according to conflicting reports.

  • Just Eat France accepts Bitcoin
    Bitcoin

    Crypto community celebrates Bitcoin Pizza Day

    Meme turns into blockchain’s only real holiday, and crypto Twitter is here for it

    On May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Now that one purchase gages the health of the entire $258 billion cryptocurrency market. Even the some of the biggest cryptocurrency nuts probably couldn’t tell you if the bitcoin whitepaper came out in 2008 or 2009 (it was January 3, 2009). But while even fewer can tell you the day that Ethereum launched (July 30, 2015),many in blockchain can list May 22 as blockchain’s pretty much only holiday. Bitcoin Pizza…

  • Litecoin
    Litecoin

    Autopsy on a pile of b.s.: What we can learn from LitePay’s collapse

    It seemed too good to be true because it was

    Payments processor LitePay abruptly shut its doors Monday, taking a good 10 percent off the top of the Litecoin price too. The proposed company was supposed to make seamless transactions using Litecoin and a proprietary debit card that could even work at cash ATMs. However, there was one big problem: The whole thing appeared sketchy. Litecoin founder Charlie Lee—who goes by the humble but entertaining handle “SatoshiLite” on Twitter—said, “Like everyone else, we got too excited about something that was too good to be true and we optimistically overlooked many of the warning signs. I am sorry for having hyped up this company and vow to do better due diligence…