Bitcoin and Altcoins - Two Distinct Crypto Bubbles
Digital currency market capitalisation surpassed seven hundred billion dollars this week. Traders rushed toward Bitcoin, Ethereum, Ripple and lesser-known tokens to capture sudden price surges. Senior figures at Goldman Sachs, JPMorgan but also Deutsche Bank dismissed the entire asset class as a speculative mania. ShapeShift chief executive Erik Voorhees, a vocal cryptocurrency advocate since 2012, […]
Michael Saylor Resigns as MicroStrategy CEO After Bitcoin Losses
Michael Saylor, co founder of MicroStrategy and outspoken Bitcoin proponent, will leave the chief executive post. He will serve as executive chairman and devote his attention to Bitcoin acquisition and advocacy. Shares of the Tysons Corner software firm jumped 14.8 percent on 3 August after the announcement. MicroStrategy disclosed a $917 million impairment charge on […]