• No $4.6 million lunch, but at least Justin Sun has PewDiePie
    Uncategorized

    Tron Founder drops $4.5 million for lunch with crypto-critic Warren Buffett

    As Royal Tenenbaum might say, “That’s kind of a f-you to the old man”

    Every year crypto-critic and fiat-billionaire Warren Buffett auctions off a lunch for eight to support his daughter’s favorite charity, GLIDE in San Francisco. This year, crypto-entrepreneur Justin Sun won Buffett’s Glide charity auction with a record $4.5 million bid. Buffett had previously called bitcoin “rat poison squared” so this ought to be interesting.

  • Trading crypto in New York isn't as easy as this picture makes it seem (composite image via Shutterstock).
    Uncategorized

    Robinhood adds ‘fee-free’ crypto trading for users in New York and 38 other states

    Millennial trading app is all grown up now with their BitLicense.

    In April 2018, Millennial trading app Robinhood announced it would soon be available in a handful of states. Complex banking regulations in each state meant that they had a lot of hurdles to get over before they could offer their free crypto and stock trading services in all 50 states. But in January RobinHood announced they had finally gotten a New York State “Bitlicense”, one of fintech’s highest hurdles. Users in New York State can now trade on Robinhood as of May 23.

  • Uncategorized

    Gartner Survey: 90% of blockchain-based supply chain projects are in trouble

    The lack of well-identified use cases is causing “blockchain fatigue” to set in; caution urged for early adopters

    Ninety percent of blockchain-based supply chain projects are faltering because they cannot figure out important uses for the technology, research firm Gartner said on May 7.

  • The Block's Founder and CEO, Mike Dudas (via The Block).
    Uncategorized

    The Block is trying to raise $1.75 million and here is their pitch deck

    Crypto news site wants to value itself at $10 million, hopes to get a couple of thousand paying subscribers

    The Block is looking to raise $1.75 million from investors, according to documents reviewed by Modern Consensus. This follows last year’s raise of $2 million. Should the effort succeed, this second round of fundraising would value the cryptocurrency news and analysis site at $10 million.