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Author Topic: [2018-05-13]Crypto Space Over The Past Week From 7 To 13 Of May, 2018  (Read 12 times)
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May 13, 2018, 04:37:32 PM

Crypto Space Over The Past Week From 7 To 13 Of May, 2018

At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week there were rumors about plans of Facebook to create own cryptocurrency, the Moscow court recognized digital currency as property, and Warren Buffett called bitcoin rat poison squared.

On May 8, Vice President of Facebook, David Marcus, wrote that he is creating a team of experts who will study and implement the blockchain technology in the social network. Then there were rumors that social network's plans to create its own cryptocurrency.
The famous investor Warren Buffett didn't have any kind words about cryptocurrencies again at the Berkshire Hathaway 2018 annual shareholder meeting. Buffett said that "bitcoin is probably rat poison squared," and Bill Gates attributed investment in bitcoin to the "greater fool theory". In response to the criticism of Buffett, Jesse Lund, vice president of IBM's published on Wednesday a post entitled "Warren Buffett is not an idiot."
CEO Binance Changpeng Zhao considers that the ICO model is more preferable than schemes of venture financing despite the risk of fraud. He criticized venture financing, in particular, writing that "the collection of money through the ICO is about 100 times simpler than through traditional VC."....
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