A pitch contest will be organized by Goren Holm Ventures (GHV, a member of the Draper Venture Network) which will take place in Los Angeles Convention Center, Crypto Invest Summit (CIS). The co-founder of GHV, Alon Goren explained, “The opportunity to receive live feedback from 40 individual investors, especially as an early-stage blockchain startup, is truly invaluable.”
The auction and subsequent lunch event with the Oracle of Omaha began in 2000 as a way to support one of Buffett’s favorite charities, San Francisco Glide Foundation. Tron founder Justin Sun has won this year auction & has invited more notable figures from the crypto space to lunch with Warren Buffett. Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO of Berkshire Hathaway via tweet.
A well-established consulting firm, Cambridge Associates have recently shared their advice to the investors to consider in cryptocurrencies investment. The analyst is being an optimist that the difficulties in the crypto space shouldn’t stop the investors to consider the innovative investment method for their long-term investment however admitted large companies are backing out due to the risk.
The chief of a village council in Ukraine, Maxim Golosnoy purchased a small amount of cryptocurrency. The earnings that Golosnoy generated from the cryptocurrency investments were distributed to the residents of Elizavetovka, Dnipropetrovsk region, as dividends. Golosnoy declared “No budgetary funds’ were spent for the investment and still the village residents get cryptocurrency
A United States District Judge of the United States District Court of the District of Maryland, Paul Grimm mentioned that the cryptocurrencies are not backed by ‘full faith and credit’ of the government. He advised the public to analyze the risks and added, “If you are looking at cryptocurrency as an investment, you should do due diligence.”
Finance Minister of Brazil has recently approved the residents to make cryptocurrency investment in the domestic market. Some rules and regulations relating to the cryptocurrency investment have been set by the country’s financial watchdog, Securities, and Exchange Commission of Brazil which will monitor the exchanges. The authorities are aimed at the prevention of illegal activities.
A survey conducted by Rathbone Investment Management has revealed that the residents living in London show high interest to invest in cryptocurrency than the rest of the country. The investment director of Rathbone, Hughes-Penney explained, “Lucrative returns made by the early adopters of bitcoin and other cryptocurrencies have been widely publicised.”
A survey by Harris Insight revealed that the 50 percent of the respondents who participated in the survey are likely to enter the cryptocurrency market. The CEO of Gem, a crypto startup, Micah Winkelspecht commented, “We find that younger people with less income are more willing to put money in crypto. My guess is that crypto is of the digital age.”
The Securities and Exchange Commission has issued a warning regarding the self-directed individual retirement accounts that are directed towards crypto investments. SEC highlighted that the cryptocurrency and initial coin offering could also be used by the fraudsters. Crypto investment would be “fair and lawful” but “may not provide complete or accurate information to aid investors in making informed decisions.”
The police have charged actor Jiratpisit “Boom” Jaravijit under a money laundering case. Jiratpisit has tricked a foreigner to invest 797 million baht in the digital currency. The complaint made to the police revealed that the foreigner was asked to transfer money in bitcoins for the purchase of shares in companies that invested in Dragon Coin currency.