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Why this billionaire investor’s crypto-investment advice has no basis

Source Node: https://ambcrypto.com/why-this-billionaire-investors-crypto-investment-advice-has-no-basis/
Time Stamp: September 1, 2021 5:30 AM - Modified On: September 1, 2021 - Published By:
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Republished By Plato

The “Bitcoin is a bubble” theory has been touted for as long as the digital asset has existed. Despite Bitcoin providing optimum returns over the last few years, many traditional investors have failed to find value in the crypto. Billionaire investor and subprime broker John Paulson is the latest addition to this clique. In a recent interview, Paulson called crypto a bubble that will “eventually prove to be worthless.” Paulson had famously predicted and benefited from the U.S. subprime mortgage crisis in 2008 by placing a successful short position on

Sotheby’s To Auction 202 Bored Ape NFTs This Week

Source Node: https://beincrypto.com/sothebys-to-auction-202-bored-ape-nfts-this-week/
Time Stamp: September 1, 2021 4:30 AM - Modified On: September 1, 2021 - Published By:
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Republished By Plato

Auction house Sotheby’s will sell over 200 NFTs related to BAYC and BAKC on September 2, marking yet another big non-fungible token (NFT) sale for the art broker.Sponsored Sponsored British-founded auction house Sotheby’s is set to auction 202 NFTs of the Bored Ape series — BAYC and BAKC. The NFTs will be open for purchase from September 2 at 10:00 EDT. The auction will last a week and end on September 9. The NFTs were developed by Yuga Labs. The owners of the NFTs can offer serums to the apes

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Source Node: https://cointelegraph.com/news/two-attacks-on-etc-network-leave-community-needing-a-solution-fast
Time Stamp: August 16, 2020 9:15 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community