Warren Buffett bashes Bitcoin, says its surge is due to the cryptocurrency’s mystique

(Reuters) — Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it. Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway […]

The Morning After: Cryptocurrency’s security problem

Hey, good morning! You look fabulous. Welcome back! Over the weekend, you may have missed the cost of Apple HomePod repairs (they’re not cheap) and more shaky security around crytocurrencies. We’ve also got the best coffee equipment you should have in your life — which is well-timed, as I’ve had two weeks off the stuff, […]

China and Japan are largely responsible for cryptocurrency’s success

Suhaimi Abdullah/Getty Images The age of cryptocurrencies is upon us, and two countries in particular have been instrumental in their stratospheric rise: China and Japan. Cryptocurrencies have become popular in China due to the government’s stringent control of the yuan — a power they occasionally exercise by artificially devaluing the currency for trading purposes. With private wealth in China […]