Cuban has no need to work. But he’s still actively investing, and owns various companies. His next venture? To grow his wealth in the world of cryptos.
What Monero did do, though, is beat out many of its crypto competitors. A sharp increase in the price over the last day has put the coin in the headlines.
Remember when a single bitcoin only cost around $2,000? That was in May this year. Now one bitcoin is worth more than US$4,000.
Bitcoin Cash [BCH], the alternative bitcoin version, surged from US$300 to almost US$1,000 from late last week. Found out why...
There are no falls in sight, though. If anything, demand might even be building! That’s because bitcoin is not a share. The closest analogy you can make is with the birth of the internet.
Funnily enough, it seems his employer feels the same way. The following day after Mr Foster’s comments, VanEck applied for a bitcoin-based exchange-traded fund (ETF).
Shares of DigitalX Ltd [ASX:DCC], the only bitcoin-related company on the ASX, gained more than 18% in morning trade today. Find out why
It might not be that surprising. But Bitcoin has, for the first time, traded above US$4,000. It’s not surprising due to its volatile nature. In 2017, bitcoin has hit numerous new record highs, with this morning’s milestone just the latest.
Bitcoin exchange, Coinbase just became a ‘unicorn’. It’s not the first tech company to be worth $1 billion. But it is the first bitcoin company to achieve that status.
We don’t take this revolution lightly. We think it’s the most significant disruption to global finance there has ever been.