The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. The move would be the second Wall Street giant in a week to reportedly open up to crypto. As the New York Times reports, citing “emails and documents” as well as four anonymous sources, NYSE owner Intercontinental Exchange (ICE) is planning to offer traders contracts that eventually result in customers owning the cryptocurrency. The news comes just days after the publication quoted a Goldman Sachs executive, who appeared to confirm the bank would debut …

Charlie Munger’s uniquely imaginative vision of Bitcoin (BTC) was given yet a further twist today, as the Berkshire Hathaway vice chairman compared cryptocurrency trading to dealing in “freshly harvested baby brains.” During an interview with Yahoo Finance May 7, Munger was asked if there were anything he could recognize of value in the crypto phenomenon. He replied: “The computer science behind Bitcoin is a great triumph of the human mind, that’s what’s captivated all these people. They’ve created a product that’s hard to create more of but not impossible … [But] I see an artificial speculative medium … I regard …

Billionaire investor and Berkshire Hathaway’s Chairman and CEO Warren Buffett reiterated his negative stance towards cryptocurrencies at the annual meeting of his company Saturday, May 5. Buffet repeated his idea that cryptocurrencies will come to a “bad ending,” and claimed that Bitcoin (BTC) is "probably rat poison squared," according to CNBC. In response to a question on Buffet’s view of cryptocurrencies raised by an attendee from Ukraine, the “Oracle Of Omaha” has made yet another anti-crypto statement. According to Buffet, Bitcoin is not a “productive” asset, unlike land or corporate shares. As a result, investors’ demand for it is the …

GE Transportation, a global supplier of railroad, mining, marine, drilling, and energy generation equipment, announced that it joined the Blockchain in Transport Alliance (BiTA) in a press release published March 1. The trade association consists of more than 230 participants including UPS, FedEx, Penske Logistics, and Warren Buffet’s BNSF Railway, with a collective revenue exceeding $1 trillion, according to the GE Transportation blog post. According to their website, BiTA formed in 2017 to implement and develop Blockchain technology in the transport and logistics industries. Craig Fuller, Managing Director of BiTA noted that GE Transportation has always been “on the forefront …

Digital currencies have seen a lot of opposition from traditional and entrenched players in the financial services sector. The latest to voice his opposition against Bitcoin is Howard Marks, Co-Founder of Oaktree Capital Management. Who is Howard Marks? Howard Marks is a billionaire investor and the co-founder of Oaktree Capital Management, which has ~$100 bln of assets under management. He is a Wall Street veteran, having worked at Citicorp and TCW before founding Oaktree Capital. Marks is famous for his memos to investors at Oaktree, giving insights about investment strategies. He attacks digital currencies in his latest memo. Strong views …