Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each
Ripple’s David Schwartz has revealed that he sold 40,000 Ether at $1 each as part of a risk management plan made with his spouse in 2012. Ripple’s Chief Technology Officer, David Schwartz, has revealed that he and his wife decided to make a “derisking plan” for their crypto investments in 2012 — resulting in eight-figures worth of missed profit at current prices.In a series of tweets published on October 11, Schwartz revealed that he sold 40,000 Ether (ETH) for $1 each back then — a stash that would be worth more than $15.5 million at today’s prices.The Ripple (XRP) executive also said....
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Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, now regrets not buying bitcoin. However, he is still worried that governments can outlaw bitcoin if it becomes a viable currency. Jim Rogers’ Bitcoin Regret Jim Rogers said in an interview with Real Vision this week that he wished he had bought bitcoin years ago. Rogers is George Soros’ former business partner and the co-founder of the Quantum Fund and Soros Fund Management. He believes that bonds are in a bubble and expects the prices of gold and silver to skyrocket. As for....
“I’ve bought quite a few cryptocurrencies that turned out to be disasters.” David Schwartz, Ripple’s Chief Technology Officer, has revealed he lost more than $300,000 investing in altcoins.According to a Nov. 2 post on Quora asking readers if they had lost any money trading Bitcoin (BTC) and other cryptocurrencies, Schwartz stated that he had made a few crypto investments that he “ultimately had to write off as worthless.”“I’ve bought quite a few cryptocurrencies that turned out to be disasters,” stated the Ripple CTO who is a very frequent Quora contributor.“My total losses, just on....
This week's altcoin update covers Ethereum, Shadowcoin, and CoinedUp's closure. Welcome to the CCN weekly altcoin news update, where we profile altcoin news topics that have gone under-the-radar. This week's article discusses Ethereum, whose Ether presale is set to pass 50 million sold, Shadowcoin, who are releasing the first mobile wallet with full staking functionality, and CoinedUp, who are closing their altcoin exchange. Ethereum Presale Approaches 50 Million Ether Sold. Ethereum's Ether presale has shattered expectations. Just 16 days into the 42-day sale, Ethereum have sold more than....
Just recently, the hardware wallet manufacturer Ledger has been dealing with a lot of criticism for the e-commerce customer data leak that took place last June. The data contained the emails of a million Ledger wallet customers, and thousands of clients had additional information leaked like phone numbers and residential addresses. Reports now detail that the hackers have dumped the Ledger leak data on the sharing marketplace Raidforums for free. Hackers Dump Ledger Wallet E-Commerce Customer Data on Raidforums One of the most topical conversations in the cryptocurrency space in the last....
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