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Investors are pouring tens of millions of dollars into new crypto currencies. You're going to hear a lot about initial coin offerings (ICOs) in the coming months. As investors have poured more and more money into newly created virtual currencies, they have created a gold-rush mentality. In recent months, some ICOs have raised tens of millions of dollars, and in early October the cryptocurrency market as a whole was worth about $140 billion. Some ICOs have been for serious projects trying to solve hard technical problems. Others seemed like little more than cynical attempts to cash in on the speculative boom. Celebrities like Paris Hilton, Floyd Mayweather, and Ghostface Killah have endorsed ICOs The launch video for the cryptocurrency Hilton endorsed, called LydianCoin, consisted entirely of cliches: "Purpose isn't defined by what you want to achieve but what you want to live for to achieve happiness." (Hilton has since deleted her tweet endorsing LydianCoin.) But thr...

Globally recognised investor, business magnate, and philanthropist, Warren Buffett has once again provided his opinion on digital currency, Bitcoin, in a Q&A session in his hometown of Omaha, Nebraska. Bitcoin is up around 500% in 2017 and recently topped $6,000 for the first time, before settling back to around $5,900. However, the digital currency has its detractors, and the world’s third richest man with a fortune of $81.1 billion, is one of them. Read More:: Daily Earn More Than 100$..200$..700$ And Even More Than That With Media.Net Ad According to Market Watch , Buffett thinks crypto currencies will end badly. “People get excited from big price movements, and Wall Street accommodates,” he said. “You can’t value Bitcoin because it’s not a value-producing asset,” he said, adding that there’s no telling how far Bitcoin’s price will go, while describing it as a “real bubble in that sort of thing”. Buffett has in the past professed to know very little about Bitcoin. “I’ll put it t...