Showing posts with label videos. Show all posts
Showing posts with label videos. Show all posts

China's Role In Crypto Mining 'Blood Coins' A Growing Problem, Says Shark Tank's Kevin O'Leary...

Shark Tank Investor and Chairman of O'Shares ETF Kevin O'Leary believes China's role in mining Bitcoin is an issue that will continue to grow.  Citing the country's poor human rights record, he cites estimated if 60% of mined bitcoins coming from China and labels them 'Blood coins' (similar to African 'Blood Diamonds' mined in the middle of violent conflict).

O'Leary says China's dominance in the Bitcoin mining space must be overthrown, and easily could be...

Video courtesy of Yahoo Finance

Square Makes Their 2nd Big Bitcoin Buy...

Square announced it purchased another 3,318 BTC costing them $170 million. 

This is like Michael Jordan saying he's impressed with your basketball skills...
It's an important indicator when a company like square (arguably the world's leader on payment processing) see's a bright future for Bitcoin. 

This is the trend those bullish on Bitcoin hope other companies will follow: Bitcoin now represents 5% of Square's financial holdings.

It takes a small percentage of corporations doing this to start a frenzy over Bitcoin's limited supply - when you hear someone talking about 'Bitcoin going to $1 million!' this is the path that leads there. 

Video Courtesy of  CNBC