Ponzi and Tulips, Ponzi and Tulips.....ah, just more bad news for us crypto guys......Ponzi and Tulips.....The Circle/Poloniex acquisition is rumored to have cost $400 million. Folks, this stuff is about to blow up, it's coming, it's real. Risk a hundred or two, buy yourself a good, low priced crypto and park it, see what happens. You do not have to buy a full coin if you want to play with the bigger coins, the same hundred or two will work just fine. You don't have to be computer smart either, it's a very simple process. It's conceivable that a one to two hundred dollar investment could turn you into a millionaire a few years down the road.
"Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market."
Russian President Vladimir Putin has stated that the country needs blockchain technology and emphasized that it is important that Russia does not fall behind in the development and adoption of the revolutionary technology
Bank of America has officially commented that it might not be able to compete with cryptocurrencies. This is the first time that an important bank recognizes problems to compete with virtual currencies.
Investment banking giant Goldman Sachs has cited its connection to cryptocurrencies and blockchain as a potential business risk, public records show. The company wrote:
"We may be, or may become, exposed to risks related to distributed ledger technology through our facilitation of clients' activities involving financial products linked to distributed ledger technology, such as blockchain or cryptocurrencies, our investments in companies that seek to develop platforms based on distributed ledger technology, and the use of distributed ledger technology by third-party vendors, clients, counterparties, clearing houses and other financial intermediaries."
